Murata Manufacturing Co., Ltd. Business Report FY ended Mar. 2015
Business Highlights
Financial Overview |
(in millions of JPY) |
| FY ended Mar. 31, 2015 | FY ended Mar. 31, 2014 | Rate of Change (%) | Main factors | |
| Overall | ||||
| Sales | 1,043,542 | 846,716 | 23.2 | -Sales increased year-on-year due to a sales focus on growing markets and favorable currency translation due to the weak yen. |
| Operating income | 214,535 | 125,891 | 70.4 | -Operating income significantly increased year-on-year due to several positive factors such as an improved operating rate, cost-cutting initiatives, and favorable currency translation. These were offset by negative factors such as increased fixed costs in line with increasing production capacity, and lower product selling prices. |
| Net income | 167,711 | 93,191 | 80.0 | - |
| Automotive Electronics | ||||
| Sales | 144,300 | 120,200 | 20.0 | 1) |
Factors
1) Sales of Products Used For Car Electronics
-Sales of MLCCs (Multilayer Ceramic Capacitors) for automotive applications increased in line with the increasing use of electronics in automobiles.
-Sales of MEMSs (Micro Electro Mechanical Systems) for use in vehicle safety systems increased.
New Product
-The Company released the PLT5BPH series of 2020-size (5.0 x 5.0 mm) wire-wound type power supply common mode choke coils for automotive applications. The new product has a maximum guaranteed operating temperature of 150 degrees Celsius and a maximum current rating of 5.6 A. It will be used for power lines of automotive applications such as ECUs, transmission control units, as well as car navigation and car audio systems. (From a press release on March 6, 2015)
Expansion of R&D and production bases
-The Company. announced that its development and manufacturing subsidiary for monolithic ceramic capacitors, Fukui Murata Manufacturing Co., Ltd., will break ground on a new manufacturing facility within the premises in December 2014. In total, JPY 10 billion will be invested in this project. With a floor area of 22,620 square meters, the new building is scheduled to be completed in September 2015. On average, approximately 1,000 monolithic ceramic capacitors are used in a single vehicle. (From a press release on September 10, 2014)
-The Company announced that its subsidiary, Sabae Murata Manufacturing Co., Ltd., located in Fukui Prefecture, Japan, has celebrated the completion of a new facility. With floor space of 1,834 square meters, the facility is equipped with prototyping and development support functions. Sabae Murata Manufacturing is engaged in manufacturing metal structural parts such as variable capacitors and connectors, as well as precision processing parts and plating electronics components. (From a press release on June 26, 2014)
Awards
-The Company announced that its subsidiary, Izumo Murata Manufacturing Co., Ltd., has received the "Quality Excellence Award" from the electronics division of Toyota Industries Corporation. (From a press release on June 18, 2014)
Outlook for FY ending Mar. 31, 2016 |
(in millions of JPY) |
| FY ended Mar. 31, 2016 (Forecast) |
FY ended Mar. 31, 2015 (Actual) |
Rate of Change (%) |
|
| Sales | 1,160,000 | 1,043,542 | 11.2 |
| Operating income | 250,000 | 214,535 | 16.5 |
| Net income | 183,000 | 167,711 | 9.1 |
*Sales of products used for car electronics are forecast to increase 13% year-on-year.
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income, etc.)
R&D Expenditure |
(in millions of JPY) |
| FY ended Mar. 31, 2015 | FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | |
| Components | 31,133 | 26,365 | 21,100 |
| Modules | 20,040 | 14,780 | 12,379 |
| Others | 37 | 26 | 4 |
| Headquarters | 13,780 | 13,478 | 15,283 |
| Total | 64,990 | 54,649 | 48,766 |
-R&D expenses for the fiscal year ending March 2016 are forecast to be JPY 72,000 million.
Capital Expenditure |
(in millions of JPY) |
| FY ended Mar. 31, 2015 | FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | |
| Expansion and rationalization of production facilities | 67,704 | 47,597 | 55,770 |
| Expansion of R&D facilities | 7,380 | 8,184 | 7,337 |
| Acquisition of land and buildings | 10,921 | 2,757 | 5,135 |
| Total | 101,184 | 68,197 | 77,662 |
- Capital investments for the fiscal year ending March 2016 are forecast to be JPY 150,000 million.
Planned Capital Investments |
(As of Mar. 31, 2015) |
| Facility (Location) |
Location | Targets of investments | Planned amount of investment (million yen) |
From | To |
| Fukui Murata Manufacturing Co., Ltd. | Fukui Pref. Japan |
Facilities for manufacturing components | 20,000 | Apr. 2015 | Mar. 2016 |
| Kanazawa Murata Manufacturing Co., Ltd. | Ishikawa Pref. Japan |
Facilities for manufacturing components | 20,000 | Apr. 2015 | Mar. 2016 |
| Izumo Murata Manufacturing | Shimane Pref. Japan |
Facilities for manufacturing components | 14,000 | Apr. 2015 | Mar. 2016 |
| Wuxi Murata Electronics Co., Ltd. | Wuxi, Jiangsu Province, China |
Facilities for manufacturing components | 12,000 | Apr. 2015 | Mar. 2016 |
| Yasu Plant | Shiga Pref. Japan |
Facilities for manufacturing semi-finished products; R&D facilities | 9,000 | Apr. 2015 | Mar. 2016 |