Murata Manufacturing

Basic Information

Stock Code
6981
Industry
Electrical Equipment
Category Detail
Semiconductors & Electronic Components
Prefecture
Kyoto Prefecture
Establishment Year
December 1950
Listing Year
March 1963
Official Website
https://www.murata.com/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Shin-Etsu Chemical, Kohoku Kogyo, TDK, Teikoku Tsushin Kogyo, Tamura Corporation, Sumida Corporation, FANUC, Mitsui High-Tec, Taiyo Yuden, Nichicon, Nippon Chemi-Con, KOA

Overview

Murata Manufacturing is a leading major manufacturer in the electronic components industry founded in 1950, boasting world-top-class high market share products such as multilayer ceramic capacitors, and leading the industry with its integrated production system and advanced technological capabilities.

Current Situation

Murata Manufacturing achieved consolidated net sales of approximately 1.6867 trillion yen, operating profit of approximately 297.9 billion yen, and net profit of 206.9 billion yen for the fiscal year ended March 2023, with an overseas sales ratio of 92.3%, holding a strong market foundation both domestically and internationally. It boasts the world's No. 1 market share in many products such as multilayer ceramic capacitors, SAW filters, and Wi-Fi modules. The company is accelerating technological development and focusing on new markets in automotive, energy, and healthcare fields. In 2017, it acquired Sony's battery business to expand its operations, and in 2020, it established a new R&D base in Yokohama to promote innovation. While maintaining high operating profit margins and new product ratios, it is actively engaged in developing environmentally friendly products and resource recycling. Moving forward, it aims to expand growth drivers by integrating with cutting-edge technologies such as IoT and promote long-term strategies for sustainable growth.

Trivia

Interesting Facts

  • World market share of multilayer ceramic capacitors is about 35%, industry leader.
  • Company name derives from founder Akira Murata's surname.
  • Proprietary shock sensor has 95% share for smartphones.
  • Robot Murata Seisaku-kun is a representative example integrating in-house technologies.
  • Utilizes Murata Seisaku-kun in advertising to raise awareness among younger generations.
  • Excels in quality control through integrated manufacturing from materials.
  • Strengthened new businesses through acquisition of Sony's battery operations.
  • Minato Mirai Innovation Center includes a science experience facility for children.
  • Founding anniversary set as October 15, based on visit to Atago Shrine.
  • TV CM narrator is Tamaki Osukawa.
  • Operates numerous domestic and international subsidiaries with production and sales worldwide.
  • Constituent of Nikkei 225 and TOPIX Core30.
  • Many domestic affiliates with manufacturing bases in local areas.
  • Expanding technological domains through aggressive M&A.
  • Cheerleading robot fuses science and technology with entertainment.

Hidden Connections

  • The TV CM character 'Murata Seisaku-kun' is used not only for technology PR but also for enhancing corporate image.
  • Acquisition of Sony's battery business enabled entry into automotive batteries and strengthened technological foundation.
  • The experience facility 'Mura-Boh!' aims to support local science education as part of corporate social contribution.
  • Strengthened alliances with related companies cover electronic components from production to sales.
  • Numerous domestic factories contribute to regional economies across Japan.
  • As a Nikkei 225 constituent, it has influence on the Japanese economy.
  • 'Murata Seiko-chan,' developed by female engineers, symbolizes in-house diversity promotion.
  • Cheerleading robot has aspects of science, technology, and cultural exchange.

Future Outlook

Growth Drivers

  • Increasing demand for IoT and 5G-related products
  • Progress in automotive electrification and advanced driving support technologies
  • Expansion of demand for sustainable energy and environmental technologies
  • Aggressive development of overseas markets and strengthening of global bases
  • Growing robotics market creating new business opportunities
  • Advancement of advanced materials technology and energy-saving products
  • Acceleration of new product development to strengthen market competitiveness
  • Responsiveness to diversifying communications equipment needs
  • Promotion of digital transformation
  • Increasing investments in achieving sustainable manufacturing processes
  • Creating new application markets through technological innovation
  • Sophistication of green procurement and supply chain management

Strategic Goals

  • Maintain and expand world market share leadership
  • Achieve over 95% overseas sales ratio
  • Establish manufacturing processes aiming for zero CO2 emissions
  • Increase new business sales to 20% of total
  • Improve operational efficiency by 30% through digital technology utilization
  • Achieve over 70% sales ratio of sustainably certified products
  • Strengthen promotion of coexistence with local communities
  • Maintain and expand R&D investment to 10% of sales
  • Deepen corporate culture through diverse talent recruitment and utilization
  • Sophisticate lifecycle management for all products

Business Segments

Automotive Electronics Components

Overview
Provision of electronic components for automotive applications requiring safety and environmental considerations.
Competitiveness
Lineup of automotive products with high durability and quality.
Customers
  • Automakers
  • Automotive parts suppliers
  • Electric vehicle manufacturers
  • Car electronics companies
Products
  • Automotive multilayer ceramic capacitors
  • Automotive battery packs
  • Automotive communication modules
  • Automotive sensors

Components for Communications Equipment

Overview
Supply of high-performance electronic components for smartphones and communications infrastructure.
Competitiveness
World-leading market share in filter and module technology.
Customers
  • Mobile terminal manufacturers
  • Base station manufacturers
  • Network equipment manufacturers
Products
  • SAW filters
  • Wi-Fi/Bluetooth modules
  • Communication antennas
  • High-frequency components

Power Management Systems

Overview
Provision of high-efficiency, high-reliability power management solutions.
Competitiveness
Design and production capabilities for integrated power supply systems.
Customers
  • Electronic equipment manufacturers
  • Industrial machinery manufacturers
  • Renewable energy operators
Products
  • DC-DC converters
  • Power modules
  • EMI filters

Industrial Sensors & Measurement Equipment

Overview
High-precision, versatile, highly reliable sensor product lineup.
Competitiveness
Proprietary sensor technology and broad product deployment.
Customers
  • Industrial machinery manufacturers
  • Medical equipment manufacturers
  • Environmental monitoring companies
Products
  • Temperature sensors
  • Infrared sensors
  • Shock sensors

Batteries & Energy Solutions

Overview
Provision of high-performance batteries and materials for automotive and industrial use.
Competitiveness
Strengthened technological capabilities through acquisition of Sony's battery business.
Customers
  • Battery manufacturers
  • Automotive battery manufacturers
  • Energy storage system operators
Products
  • Lithium-ion batteries
  • Primary batteries
  • Battery-related materials

Robotics

Overview
Provision of robot components and control technology for service applications.
Competitiveness
Proprietary single-wheel mobile robot technology.
Customers
  • Service robot developers
  • Security and hospitality robot manufacturers
  • Industrial robot developers
Products
  • Control modules
  • Various sensors
  • Power units

Home Appliances & Consumer Electronics

Overview
Stable supply of high-quality electronic components for home appliances.
Competitiveness
Broad electronic components lineup and reliable quality control.
Customers
  • TV manufacturers
  • Smart home appliance manufacturers
  • Audio equipment manufacturers
Products
  • Capacitors
  • Filters
  • Communication modules

Semiconductor Packaging

Overview
Manufactures packages and related components for advanced semiconductors.
Competitiveness
High-precision production technology and integrated production system.
Customers
  • Semiconductor manufacturers
  • Electronic components manufacturers
Products
  • Ceramic packages
  • Lead frames

IT & Communications Infrastructure

Overview
Supply of high-reliability components for infrastructure equipment.
Competitiveness
Contributes to stable infrastructure operation through advanced technology.
Customers
  • Data center operators
  • Network infrastructure companies
Products
  • Communication modules
  • High-frequency components
  • EMI filters

Precision Equipment Components

Overview
Provision of high-function electronic components for precision equipment.
Competitiveness
High-precision processing technology and diverse product deployment.
Customers
  • Medical equipment manufacturers
  • Measurement equipment manufacturers
  • Inspection equipment manufacturers
Products
  • Sensors
  • Compact electronic components

Industrial Machinery Components

Overview
Supply of stable quality electronic components for industrial machinery.
Competitiveness
High-durability products and long-term supply system.
Customers
  • Machine tool manufacturers
  • Automation equipment manufacturers
  • Heavy industry companies
Products
  • Power modules
  • Capacitors
  • Sensors

Environmental & Energy Equipment

Overview
Provision of environmentally friendly products and high-efficiency energy equipment.
Competitiveness
Energy-saving technology and sustainable product design.
Customers
  • Renewable energy companies
  • Environmental measurement companies
Products
  • Batteries
  • Sensors
  • Power supplies

Competitive Advantage

Strengths

  • World-top-class multilayer ceramic capacitor technology
  • High overseas sales ratio and global sales network
  • High operating profit margin and profitability
  • Advanced integrated production system and materials procurement capabilities
  • Stable revenue base from diverse high market share products
  • Aggressive M&A strategy and diversification into peripheral businesses
  • Sustainable R&D system
  • Strong brand power and technological image
  • Broad product lineup and market responsiveness
  • Robust financial base and ample investment capacity
  • Strong customer relationships and long-term transaction record
  • Advanced manufacturing technology and quality control
  • Global talent with multilingual and multicultural capabilities
  • High new product sales ratio ensuring innovativeness
  • Comprehensive R&D base network

Competitive Advantages

  • Overwhelming market dominance in multilayer ceramic capacitors with over 40% world market share
  • High cost competitiveness due to integrated system from advanced materials procurement to product development and manufacturing
  • Strong presence in next-generation communications markets such as high-frequency components and communication modules
  • Early investments and technological accumulation in high-growth fields like automotive batteries
  • Expanding technology and business areas through aggressive M&A
  • Stable supply system established through optimal placement of overseas production and sales bases
  • High new product launch rate enabling rapid response to market needs
  • High customer trust due to emphasis on environmental and sustainability management
  • Maintaining technological superiority by nurturing cutting-edge technologies at R&D bases
  • Risk diversification across specific markets through diverse product portfolio
  • Stable dividends continued with strong management base
  • Long-term transaction relationships with major electronic and automotive manufacturers worldwide
  • High expertise and collaboration among in-house engineers
  • Advanced global quality standards compliance capabilities
  • Promoting innovation through commercialization of new technologies

Threats

  • Rapid technological changes in the electronic components market and short product life cycles
  • Intensifying price competition from emerging country manufacturers
  • Fluctuations in material prices and procurement risks
  • Instability in overseas production and logistics due to geopolitical risks
  • Profit impacts from exchange rate fluctuations
  • Increased production costs from strengthened environmental regulations
  • Sales fluctuation risks from demand changes by major customers
  • Risks of patent infringement and intensifying technological competition
  • Challenges in talent acquisition and technology succession
  • Supply chain disruptions from natural disasters, etc.
  • Increasing cybersecurity risks
  • Potential delays in new business market penetration

Innovations

2020: Opening of Minato Mirai Innovation Center

Overview
Established a large R&D base and science experience facility in Yokohama to accelerate new technology development.
Impact
Contributes to improved research efficiency and young engineer development

2021: Development of Next-Generation High-Capacity Multilayer Ceramic Capacitors

Overview
Launched new generation capacitor products achieving both higher performance and miniaturization.
Impact
Contributes to performance improvements in wireless communication equipment

2022: Mass Production of Automotive Lithium-Ion Batteries Begins

Overview
Utilizing technology from former Sony battery business to start production of high-performance batteries for EVs.
Impact
Accelerates business expansion in the automotive sector

2023: Low-Power Bluetooth Equipped in Wireless Communication Modules

Overview
Developed new Bluetooth communication modules with improved energy efficiency.
Impact
Strengthens product competitiveness for IoT devices

2024: Establishment of Silver Material Recycling Technology for Electronic Components

Overview
Practical implementation of recovery and reuse technology for silver materials in production processes.
Impact
Contributes to resource utilization efficiency and reduced environmental impact

Sustainability

  • Setting and implementation of CO2 emissions reduction targets in production processes
  • Promotion of resource recycling for electronic component materials
  • Product design aimed at improving energy efficiency
  • Active participation in local environmental protection activities
  • Acquisition of ISO14001 environmental management system certification
  • Strengthening environmental and ethical standards in the supply chain
  • Promotion of diversity & inclusion
  • Promotion of science and technology in local communities through educational support
  • Improved information transparency through regular publication of environmental reports
  • Adoption of sustainable materials procurement standards
  • Prevention of environmental accidents through strengthened risk management
  • Creating workplace environments prioritizing health and safety