Murata Manufacturing Co., Ltd. Business Report FY2012

Business Highlights

Financial Overview

(in millions of JPY)
  FY ended Mar. 31, 2012 FY ended Mar. 31, 2011 Rate of
change (%)
Main factor
Sales 584,662 617,954 (5.4) 1)
Operating income 44,973 77,485 (42.0) -
Net income 30,807 53,492 (42.4) -
Car Electronics Products
Sales 85,400 79,710 7.1 2)

-After auto-production recovered from the aftermath of the Great East Japan Earthquake, sales of smart-phones and tablets increased. However, sales of laptop computers and slim LCD televisions ended up being lower year-on-year.

-Performance improved not only because of the increase in the number of vehicle-units produced but also because of the continued growth in electrical and electronic products in general.


-The Company received the 2011 Supplier of the Year Award from Lear Corporation. Murata Manufacturing supplies passive electronic components for Lear. (From a press release on March 16, 2012)


-The Company announced it has completed the acquisition of VTI Technologies Oy of Finland by Murata Electronics Europe B.V., its wholly-owned subsidiary on January 30, 2012 (Local time). Through this acquisition, the company acquired VTI's 3D MEMS sensor products to strengthen its business in the MEMS sensor market. (From a press release on January 31, 2012)

-The Company announced on October 11, 2011 that Murata Electronics Europe B.V. (MEH), its wholly owned subsidiary in the Netherlands, will acquire VTI Technologies Oy of the Republic of Finland. On October 11 (local time), the company entered into a share purchase agreement with VTI Technologies. Within the next six months, MEH will acquire all the outstanding VTI Technologies shares for an enterprise value of 195 million euros (approximately 20 billion yen) to make it its wholly owned subsidiary. Murata, which has a strong presence in the consumer applications market, intends to enhance its development and sales capabilities by adding VTI's expertise in the automotive products and medical appliances sectors to its operations. (From an article in the Nikkan Jidosha Shimbun on October 12, 2011)

>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income, etc.)

Outlook for FY ending Mar. 31, 2013

  Forecast for fiscal year ending March 2013 Actual for fiscal year ended March 2012
Rate of change (%) Rate of change (%)
Sales estimates by product
Overall 16 (5.4)
Capacitors 5 (5.9)
Piezoelectric products (5) (9.1)
Other components 20 (4.1)
Communication modules 50 (3.2)
Power module and other products 5 (6.5)
Sales estimates by use
Car Electronics Market 15 7.1


R&D Expense

(in millions of JPY)
  FY ended Mar. 31, 2012 FY ended Mar. 31, 2011 FY ended Mar. 31, 2010
Overall 40,978  39,778 41,649
Component Department 19,915  19,856 20,059
Module Department 8,984  8,507 8,682
Other departments 47  21 68
Headquarters 12,032  11,394 12,840


Products Development

New surface - mount rotary position sensors
-The Company announced that it has now commercialized the SV03 series of surface - mount rotary position sensors that feature a small size and a low profile (W11 x L12 x T2.1mm). The sensors are used for automobile air-conditioning air flow and other switches. The series supports the wide operating temperature range (-40°C to +125°C) required by the sensors installed in vehicles. Mass production is scheduled to commence in July 2011. (From a press release on June 24, 2011)

New metal terminal type monolithic ceramic capacitors
-The Company announced that it has created a series of chip monolithic ceramic capacitors which feature metal pins and which are designed to be used in automotive electronic devices, such as DC-DC converters in automotive ECUs. The elastic action of the metal pins helps to reduce the amount of stress generated by thermal and mechanical impact. By stacking a pair of capacitors one on top of the other, less space is required for mounting, and a high level of capacitance is achieved. (From a press release on May 16, 2011)

New ceramic capacitors certified under the safety standards
-The Company announced that it has commercialized the DE6 series type KJ ceramic capacitors designed for automotive uses and certified under the safety standards. While meeting the criteria for both the performance that is required by the safety standards and the performance that supports vehicle-mounted applications, the new ceramic capacitors are suited for use in the AC line filters of the vehicle-mounted chargers found in PHEVs and EVs—vehicles that are expected to be recharged using the commercial power supplies (100 to 240V voltage and 50 or 60 Hz power line frequency) available both in Japan and abroad. (From a press release on April 6, 2011)

Investment Activities

Capital Expenditure

(in millions of JPY)
  FY ended Mar. 31, 2012 FY ended Mar. 31, 2011 FY ended Mar. 31, 2010
Overall 68,445 56,752 22,868

-The Company invested 49,331 million yen mainly to increase, upgrade, and rationalize its and its subsidiaries' production facilities and equipment; 6,527 million yen to upgrade and increase R&D facilities; and 3,684 million yen to acquire land and buildings.

Planned Capital Investments

(As of Mar. 31, 2012)
Targets of investments Planned
amount of investment
(million yen)
From To
Fukui Murata Manufacturing Co., Ltd.
(Echizen, Fukui Pref., Japan)
Facilities for manufacturing components 10,000 Apr. 2012 Mar. 2013
Okayama Murata Manufacturing Co., Ltd. (Setouchi, Okayama Prefecture) Facilities for manufacturing components and modules 10,000 Apr. 2012 Mar. 2013
Murata Manufacturing Co., Ltd.
Yasu Plant
(Yasu, Shiga Pref., Japan)
Facilities for manufacturing semi-finished products and conducting R&D activities 7,000 Apr. 2012 Mar. 2013

Toyama Murata Manufacturing Co., Ltd (Toyama, Toyama Prefecture)

Facilities for manufacturing modules 5,500 Apr. 2012 Mar. 2013

Murata Manufacturing Co., Ltd., Yokaichi Works

Facilities for manufacturing semi-finished products and components 4,000 Apr. 2012 Mar. 2013