Murata Manufacturing Business Report FY2008
|Financial overview||( in millions of JPY )|
|Sales||523,946||631,655||(17.1)||Demand declined in the second half of the year because the Company's customers made inventory adjustments, curtailing their production volumes. As a result, the number of orders and volume of turnover decreased year-on-year.|
|(16,287)||115,752||-||Operating income decreased due to a decline in both the operating rate and product selling prices; an increase in depreciation costs; and the negative effects of foreign currency translation.|
|3,588||77,413||(95.4)||With the tax system revision in 2009, a Foreign Dividend Exclusion System was introduced. As a result of the Company's reversing the deferred tax liability posted in the previous fiscal year, net income decreased.|
|Car Electronics Market|
|Sales||54,000||67,400||(19.9)||Sales of products for car audio systems, sonar systems, and remote keyless entry (RKE) systems decreased.|
|-||Forecast for the 2009 fiscal year ending March 2010||Results for the 2008 fiscal year (which ended March 2009)|
|Rate of change||Rate of change|
|Sales estimates by product|
|Piezoelectric products||Around 3%||(17.7%)|
|High-frequency devices||Around 3%||4.6%|
|Other products||Around 5%||(12.8%)|
|Sales estimates by use|
|Car Electronics Market||Around 7%||(19.9%)|
|R&D Expense||( in millions of JPY )|
|-Research and development of industrial engineering, electronic materials and thin-film process technology|
|Yokohama Technical Center||Yokohama,
|-Development of information communications and function module products|
|Development building at headquarters||Nagaokakyo,
|-Development of wireless modules, etc.
-The third R&D facility following Yasu and Yokohama completed in October 2007.
|-Development of materials process|
|Research Center for Next Generation Technology||Kyoto,
|-Research and development of new technology and new business fields|
R&D activities (Car electronics)
-The Company developed lithium ion secondary batteries for HEVs.
-The Company developed a power electronics capacitor. The Company started the development of this product by developing its proprietary ceramics material. This capacitor, which is capable of passing a large current in a high temperature environment, is mounted on an inverter system that controls motors in hybrid vehicles.
-The Company developed a pressure sensor for use on tire pressure monitoring systems. U.S. regulations require that such tire pressure monitoring systems be installed on all tires.
-The Company developed an ultrasonic sensor for use on rear-detection sonar systems, which can detect obstacles when the car travels in reverse.
-Together with Nissan Motor Co., the Company jointly developed an ionizer that eliminates electrostatic discharges when people get in and out of cars. These static electric charges are very uncomfortable, so the ionizer eliminates static electricity by generating both plus and minus ions and neutralizing the electricity in charged object with ions having reverse polarities.
|Capital Expenditure||( in millions of JPY )|
Capital investment plans
amount of investment
(Yasu, Shiga Pref.)
|Installing R&D equipment and production equipment to manufacture semifinished products||5,500||Apr., 2009||Mar., 2010|
|Installing production equipment to manufacture raw materials||1,300||Apr., 2009||Mar., 2010|
|Fukui Murata Manufacturing Co., Ltd.
|Installing production equipment to manufacture capacitors||2,300||Apr., 2009||Mar., 2010|
|Komatsu Murata Manufacturing Co., Ltd.
|Installing production equipment to manufacture high frequency devices||1,400||Apr., 2009||Mar., 2010|
|Toyama Murata Manufacturing Co., Ltd.
|Installing production equipment to manufacture piezoelectric products||1,100||Apr., 2009||Mar., 2010|