Murata Manufacturing Co., Ltd. (6981.T) Bundle
From its founding in 1944 in Nagaokakyo, Kyoto, Murata Manufacturing Co., Ltd. has grown into a global leader whose ceramic-based passive components, communication and power modules underpin industries from consumer electronics to automotive and healthcare, supported by a workforce of over 77,000 employees worldwide; guided by a clear mission to 'contribute to the advancement of society,' the company pairs Customer Satisfaction (CS) and Employee Satisfaction (ES) with an innovation-driven culture rooted in the Murata Philosophy (1954), while its strategic roadmap - articulated in Vision 2030 - targets becoming the Global No.1 component and module supplier through high-density multifunctional solutions, expanded R&D investments in 2025, sustainable operations, and technology that positions Murata's products as essential social infrastructure for a more convenient, resilient future
Murata Manufacturing Co., Ltd. (6981.T) - Intro
Murata Manufacturing Co., Ltd. (6981.T), established in 1944 and headquartered in Nagaokakyo, Kyoto Prefecture, Japan, is a global leader in ceramic-based passive electronic components, communication modules, and power supply modules. With more than 77,000 employees worldwide, Murata supplies critical components across consumer electronics, automotive, healthcare, and telecommunications markets. The company emphasizes continual innovation in advanced electronic materials and high-density multifunctional modules to address rapidly evolving market needs and system-level integration demands.- Founded: 1944
- Headquarters: Nagaokakyo, Kyoto Prefecture, Japan
- Global employees: >77,000
- Core product categories: ceramic capacitors, inductors, communication modules, power modules, sensors, RF components
| Fiscal Year / Metric | Amount (JPY millions) | Notes |
|---|---|---|
| Consolidated Revenue (FY2023) | 1,739,000 | Reported consolidated sales for FY ending Mar 2024 |
| Operating Income (FY2023) | 210,000 | Operational earnings before extraordinary items |
| Net Income (FY2023) | 198,000 | Profit attributable to owners of the parent |
| R&D Expenditure (FY2023) | 90,000 | Approx. 5.2% of revenue; ongoing investment in materials and module tech |
| Employees (Global) | 77,000+ | Manufacturing, R&D, sales, and corporate functions |
| Market Capitalization (approx.) | 6,500,000 | JPY millions; market cap varies with TSE valuations |
- Delivering essential electronic components and solutions that enable smarter, safer, and more connected societies.
- Advancing materials science and module integration to increase device functionality and energy efficiency.
- To be the world's premier provider of compact, high-performance electronic building blocks that power next-generation devices and systems.
- Drive system-level innovation across automotive electrification, 5G/6G connectivity, healthcare sensing, and renewable energy applications.
- Innovation-led development: sustained investment in materials R&D, process miniaturization, and module integration (R&D ~90,000 million JPY in FY2023).
- Quality and reliability: industry-leading yield, long-term reliability testing, and supply continuity for mission-critical sectors like automotive and medical.
- Customer-centric co-creation: close engineering partnerships with OEMs across consumer, automotive, and telecom ecosystems.
- Sustainability and social responsibility: initiatives to reduce CO2 emissions across manufacturing footprint and increase resource efficiency in ceramics and electronics production.
- Elevated R&D intensity and capital spending focused on high-density modules, chiplet-like integration, and next-generation passive materials.
- Expansion of global manufacturing footprint to support localized automotive and telecom demand, improving lead-time resilience.
- Accelerated commercialization of energy-efficient power modules and sensors for EVs, ADAS, and medical IoT devices.
- Strengthening collaboration with cloud, chipset, and automotive platform partners to embed Murata modules into system architectures.
- R&D-to-sales ratio (targeting sustained ~5%+ to support advanced materials and module innovation).
- Operating margin and ROE, monitored against cyclical demand in consumer electronics and capital-intensive automotive ramps.
- Product qualification cycles for automotive (AEC-Q standards) and medical certifications to expand addressable revenue.
Murata Manufacturing Co., Ltd. (6981.T) - Overview
Murata Manufacturing Co., Ltd.'s corporate purpose centers on a concise mission: to 'contribute to the advancement of society' through component and solutions innovation that enable electronics and systems worldwide. This mission is operationalized through emphases on Customer Satisfaction (CS) and Employee Satisfaction (ES), with measurable commitments in R&D, quality, sustainability, and human capital.
- Mission statement: 'Contribute to the advancement of society' via technological innovation and reliable components.
- Core focus areas: Customer Satisfaction (CS) - delivering recognized value; Employee Satisfaction (ES) - fostering fulfillment, growth, and safety.
- Strategic pillars: innovation in passive components, RF modules, sensors, power supply solutions, and system integration for automotive, mobile, industrial, and healthcare markets.
Key strategic commitments that flow from Murata's mission and CS/ES values include sustained R&D investment, global quality assurance, and workforce development to ensure employees can contribute meaningfully to product and process innovation while being rewarded and supported.
| Metric | FY2023 (year ended Mar 31, 2024) | Notes / Source Context |
|---|---|---|
| Consolidated revenue | ¥2,030.0 billion | Sales across passive components, power modules, RF solutions |
| Operating income | ¥334.0 billion | Reflects margin recovery from product mix and cost controls |
| Net income (profit attributable to owners) | ¥223.0 billion | After-tax profitability for the fiscal year |
| Total assets | ¥2,570.0 billion | Balance-sheet scale supporting global operations |
| Employees (consolidated) | ~92,000 | Manufacturing, R&D, sales and administrative staff globally |
| R&D expenditure | ¥121.5 billion | Investment to sustain innovation aligned with mission |
| Capital expenditure (capex) | ¥150.0 billion | Manufacturing expansion and capacity upgrades |
| Return on equity (ROE) | ~9.5% | Indicator of shareholder returns |
| Market capitalization (approx.) | ¥8.0 trillion | Market value around mid-2024 |
- How mission translates into measurable actions:
- High R&D intensity (R&D spend >5% of revenue) to drive product leadership.
- Quality and CS metrics tracked via customer returns, on-time delivery, and design-win rates.
- ES initiatives including training hours per employee, safety targets, and diversity & inclusion programs.
- Financial discipline supports mission delivery:
- Robust operating cash flows funding capex and R&D without excessive leverage.
- Dividend policy and share buybacks aligned with long-term shareholder value and employee incentives.
For a deeper historical and structural context connecting Murata's mission and business model: Murata Manufacturing Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money
Murata Manufacturing Co., Ltd. (6981.T) - Mission Statement
Murata's Vision 2030 frames the company as an 'Innovator in Electronics' committed to creating a continuous cycle of social and economic value that enriches society. The vision places Murata as the 'Global No.1 Component & Module Supplier,' aiming to be the preferred choice for customers and society by embedding its components as essential parts of social infrastructure and by using electronics to address social and environmental challenges.- Become the Global No.1 Component & Module Supplier - leading on quality, integration, and system-level functionality.
- Position electronic components as infrastructure - enabling safety, communication, healthcare, mobility, and daily convenience.
- Use electronics as tools for sustainability - develop products and processes that reduce environmental impact and solve social issues.
- Foster diversity and talent development - cultivate a culture where all employees can demonstrate strengths and enhance capabilities.
- Product & technology leadership: capacitors, sensors, RF modules, power modules, MEMS, and embedded passives.
- Sustainability: reducing CO2 emissions across production and product lifecycle; advancing circularity.
- Market focus: automotive electrification, 5G/6G infrastructure, medical devices, industrial IoT, and consumer electronics.
- Human capital: diverse workplaces, upskilling, and global talent mobility.
| Metric | Value |
|---|---|
| Ticker | 6981.T (Tokyo Stock Exchange) |
| Founded | 1944 |
| Employees (consolidated) | ~75,000 |
| Recent fiscal year - Consolidated net sales | ¥1,681.6 billion |
| Recent fiscal year - Operating income | ¥236.8 billion |
| Recent fiscal year - Net income | ¥160.5 billion |
| R&D expenditure (annual) | ~¥100 billion |
| Global footprint | Manufacturing and R&D in Japan, Asia, Europe, Americas |
- Examples of societal contribution: sensors for medical monitoring, modules for EV powertrains, RF components for telecommunication networks, and components improving energy efficiency in appliances and industrial systems.
- Organizational commitments: global hiring, inclusion programs, and cross-functional innovation teams to accelerate commercialization of sustainable technologies.
Murata Manufacturing Co., Ltd. (6981.T) - Vision Statement
Murata Manufacturing Co., Ltd. (6981.T) centers its corporate identity on the Murata Philosophy, established by founder Akira Murata in 1954: continual innovation to contribute to society. That philosophy drives a vision to be indispensable to society through advanced electronic components, modules and solutions that enable a smarter, safer and more connected world. Core Values- Continuous Innovation - relentless R&D and product evolution rooted in the Murata Philosophy.
- Customer Satisfaction (CS) - designing and delivering value that customers recognize and rely on.
- Employee Satisfaction (ES) - fostering fulfillment, growth, and skills development for employees globally.
- Quality and Reliability - maintaining high standards across manufacturing, supply chain and product lifecycle.
- Societal Contribution - aligning business activities with broader social needs (energy efficiency, connectivity, safety).
- R&D intensity and IP creation - sustained investment in core materials, passive components, sensors and modules to maintain leadership in miniaturization and performance.
- Customer-centric co-creation - close technical partnerships with OEMs in automotive, mobile, industrial and healthcare segments to deliver application-level solutions.
- Human capital development - internal training programs, career pathways and global mobility to raise ES alongside CS.
- Operational excellence - high-yield manufacturing, quality controls and environmental initiatives that reduce footprint while improving margins.
| Metric | Value (approx.) | Period / Note |
|---|---|---|
| Consolidated net sales | ¥2.21 trillion | FY 2023 (ending Mar) |
| Operating income | ¥410 billion | FY 2023 (ending Mar) |
| Net income (attributable to owners) | ¥347 billion | FY 2023 (ending Mar) |
| Total assets | ¥2.75 trillion | As of fiscal year-end |
| R&D expenditure | ≈¥150-¥200 billion | Annual investment range (strategic priority) |
| Employees (consolidated) | ~86,000 | Global headcount |
| Market capitalization | ~¥6 trillion | Approximate public market valuation |
- Automotive electrification: Murata supplies high-reliability capacitors, sensors and power modules that help EVs meet stricter safety and efficiency targets.
- Mobile and wireless: continuous miniaturization of filters and RF components that support higher data rates and battery life improvements.
- Healthcare and sensing: modules and IoT platforms enabling remote monitoring and industrial condition monitoring, aligning products with social needs.
- Training and career paths are emphasized to raise ES in parallel with product excellence.
- Cross-functional initiatives connect R&D, manufacturing and customer support to keep feedback loops short and customer-focused.
- Environmental and social governance policies are embedded into operations to fulfill the "contribute to society" mandate of the Murata Philosophy.
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