Murata Manufacturing (6981) Investor Presentation summary

Vision and strategic direction

• Aims to achieve Vision 2030 by implementing a clear growth strategy under Medium-Term Direction 2027, focusing on becoming the global No. 1 component and module supplier.

• Pursues disruptive growth in electronics, leveraging AI-driven expansion and co-creation with stakeholders to create social and economic value.

• Emphasizes sustainable operations, innovation, and strengthening people and organizations as core management capital.

• Business model centers on a 3-layer portfolio targeting five business opportunities: edge devices, IT infrastructure, mobility, environment, and wellness.

• Seeks to solve social issues and enrich society through continuous innovation and responsible business practices.

Market environment and growth opportunities

• Electronics demand is expanding, especially in AI, mobility, and IT infrastructure, with significant growth expected in edge devices and AI servers.

• Geopolitical risks and supply chain restructuring are prompting production shifts and contingency planning.

• Commoditization and expansion in emerging regions are driving quantitative growth, while capital efficiency and sustainability are increasingly important.

• Murata targets No. 1 market share in capacitors and inductors/EMI filters, with high growth in battery, power supply, and high-frequency devices.

Financial and operational targets

• FY2027 targets: revenue of ¥2,000 billion or higher, operating profit ratio of 16%+, and ROIC (post-tax) of 12%+.

• Renewable energy implementation rate to reach 55% by FY2027 and 75% by FY2030; resource recycling rate to hit 41% by FY2027.

• Strategic investments focus on production capacity, global supply chain resilience, and M&A for long-term growth.

• Capital expenditures planned at ¥680 billion and strategic investments at ¥220 billion for the 2027 period.