Murata Manufacturing’s second-quarter operating profit rose 42% year on year, driven by strong multilayer ceramic capacitor sales. The company raised its full-year operating profit forecast by 21% and announced plans to invest JPY 1 trillion between 2026 and 2030 to meet growing medium-term demand.
Murata will benefit from the increasing demand for passive components per phone, as a result of advancing telecommunications technology. In particular, the diffusion of LTE and LTE-Advanced networks will be the driver.
The average pricing of smartphones has been gradually decreasing since 2012, and the profitability of handset makers is declining as a result. Consequently, price-cutting pressure on components will strengthen.
|
Metric
|
6981
|
6762
|
2327
|
|---|---|---|---|
Price/Earnings (Normalized) | 49.51 | 18.75 | 33.98 |
Price/Book Value | 4.26 | 2.10 | 5.84 |
Price/Sales | 6.36 | 1.70 | 6.80 |
Price/Cash Flow | 26.77 | 9.50 | 24.48 |
|
Metric
|
6981
|
6762
|
2327
|
|---|---|---|---|
Quick Ratio | 3.18 | 1.05 | 0.91 |
Current Ratio | 5.00 | 1.47 | 1.17 |
Interest Coverage | 88.38 | 8.13 | 11.45 |
|
Metric
|
6981
|
6762
|
2327
|
|---|---|---|---|
Return on Assets (Normalized) | 8.82% | — | 7.53% |
Return on Equity (Normalized) | 10.35% | — | 18.54% |
Return on Invested Capital (Normalized) | 9.37% | — | 8.84% |
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1-Day Chart
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