Overview
Electric Appliances

Murata Manufacturing Co.,Ltd.

Murata Manufacturing is a global leader in the development and manufacture of electronic components and related products, organized into three segments: Components (capacitors, inductors, EMI suppression filters), Devices & Modules (high-frequency modules, surface acoustic wave filters, lithium-ion secondary batteries, sensors), and Others (healthcare equipment, solution businesses). The company supplies its products to major electronics OEMs worldwide, leveraging proprietary material science and process technologies as core competitive strengths. Murata holds leading global market positions in multilayer ceramic capacitors (MLCCs) and RF modules, serving end markets including smartphones, automotive electronics, and IoT devices.

Market Cap
¥11,422B
US$72.8B
EV
¥10,898B
US$69.5B
Stock¥6,275▼-2.44%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
21.8
x
LTM EV/EBIT
34.2
x
LTM PER
43.0
x
LTM PBR
4.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+86.6%pt
10012345
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 31, 25Earnings: Strong results
2Feb 17, 26Earnings: Upward revision
3Feb 24, 26Earnings: Dividend increase announcement
4Jul 31, 26Q1 FY2027/03 earnings announced
5Oct 15, 26US CPI beat reignites rate-hike fears; CoreWeave bond slump triggers AI/semiconductor selloff
MC → EV Bridge
11,422BUS$72.8BMarket Cap55.4BUS$353M+ Debt557BUS$3.56B− Cash22.0BUS$140M− Inv. Sec.10,898BUS$69.5BEV
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Performance & Balance
Revenue 5Y (¥B)
1,813US$11.6B'22/31,687US$10.8B'23/31,640US$10.5B'24/31,743US$11.1B'25/31,831US$11.7B'26/3
EBITDA 5Y (¥B)
580US$3.70B'22/3468US$2.98B'23/3391US$2.50B'24/3453US$2.89B'25/3460US$2.93B'26/3
Net Income 5Y (¥B)
314US$2.00B'22/3254US$1.62B'23/3181US$1.15B'24/3234US$1.49B'25/3234US$1.49B'26/3
Capital Structure
98%
EquityD/E 0.02xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
245US$1.56B442US$2.82B'22/3469US$2.99B207US$1.32B'23/3622US$3.97B107US$685M'24/3625US$3.99B60.0US$383M'25/3654US$4.17B55.8US$356M'26/3
Shareholders
Top 10 hold 39.2%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
17.20%
2
Custody Bank of Japan, Ltd. (Trust Account)
6.70%
3
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
2.90%
4
Nippon Life Insurance Company
2.70%
5
Meiji Yasuda Life Insurance Company
2.60%
6
The Bank of Kyoto, Ltd.
1.80%
7
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.50%
8
BNYM AS AGT/CLTS NON TREATY JASDEC (Standing Proxy: MUFG Bank, Ltd.)
1.30%
9
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.30%
10
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
1.20%
Management
12 officers
Norio NAKAJIMA
Representative Director, President
Apr 1985 Joined the Company Jul 2006 Head of Communication Module Products Division, Module Business Division Jul 2010 Executive Officer Jun 2012 Head of Module Business Division Jun 2013 Director, Managing Executive Officer Jul 2015 Head of Communication & Sensing Business Division; General Manager, Energy Business Division Apr 2017 Head of Module Business Division Jun 2017 Representative Director, Senior Managing Executive Officer Jul 2022 Representative Director, President (current) Head of Communication & Sensing Business Division
1961-09-21
Hiroshi IWATSUBO
Representative Director, Vice President
Apr 1985 Joined the Company Feb 2005 General Manager, Planning Department Mar 2008 General Manager, Sensor Products Division, Device Business Division Jul 2011 Executive Officer; Deputy Head, Sales Division Jun 2012 Head of Sales Division Jul 2013 Senior Executive Officer Jun 2015 Director, Managing Executive Officer Jul 2015 Head of Technology & Business Development Division Jun 2020 Director, Senior Managing Executive Officer Jun 2024 Representative Director, Vice President (current)
1962-08-11
Masanori MINAMIDE
Representative Director, Vice President
Apr 1987 Joined Komatsu Murata Manufacturing Co., Ltd. Oct 2010 Assistant General Manager, Planning Department, Accounting & Planning Group Mar 2011 Managing Director, Murata Electronics Singapore (Pte.) Ltd. Aug 2016 General Manager, Planning Department, Accounting, Finance & Planning Group Jul 2017 General Manager, Accounting, Finance & Planning Group, Corporate Planning Division Jul 2018 Executive Officer Jun 2019 Director, Senior Executive Officer Jun 2021 Director, Managing Executive Officer Jul 2022 Head of Corporate Division Chairman, Murata (China) Investment Co., Ltd. Jun 2024 Representative Director, Managing Executive Officer Jul 2024 Representative Director, Senior Managing Executive Officer Jun 2025 Representative Director, Vice President (current)
1964-12-03
Hiroshi IZUMIYA
Director, Managing Executive Officer, Head of Communication & Sensing Business Division
Apr 1997 Joined the Company Oct 2015 General Manager, Connectivity Module Products Department, Communication Module Business Division, Communication & Sensing Business Division Nov 2017 General Manager, Organic Functional Substrate Products Department, Module Business Division Apr 2018 Deputy General Manager, Communication Module Business Division, Module Business Division Apr 2021 Managing Director, Murata Electronics Singapore (Pte.) Ltd. Jul 2023 Executive Officer Jun 2024 Director, Executive Officer Jul 2024 Director, Senior Executive Officer; Head of Communication & Sensing Business Division (current) General Manager, High-Frequency Device Business Division Representative Director, President, Komoro Murata Manufacturing Co., Ltd. Jun 2026 Director, Managing Executive Officer (current)
1973-12-03
Takamoto MURATA
Director, Managing Executive Officer, Head of Technology & Business Development Division
Jun 2004 Joined the Company Sep 2010 Obtained Doctor of Engineering, Chiba University Apr 2015 Vice President, Peregrine Semiconductor Corp. (now pSemi Corporation) Apr 2017 General Manager, Network Technology Development Department, IoT Division, Module Business Division Apr 2018 General Manager, Planning Department, Accounting, Finance & Planning Group, Corporate Planning Division Apr 2020 General Manager, High-Frequency Device Business Division, Module Business Division Representative Director, President, Komoro Murata Manufacturing Co., Ltd. Nov 2021 CEO, pSemi Corporation Mar 2022 CEO, Resonant Inc. Jul 2023 Executive Officer Jun 2024 Director, Executive Officer Jul 2024 Director, Senior Executive Officer; Head of Technology & Business Development Division (current) Jun 2026 Director, Managing Executive Officer (current)
1978-06-23
Yuiko YASUDA
Director
Apr 1985 Joined IBM Japan, Ltd. Sep 1991 Joined Booz Allen Hamilton K.K. Sep 1993 Joined Russell Reynolds Associates Japan, Inc. Jun 1996 Managing Director, the same company Apr 2003 Representative, Japan Branch, the same company; Russell Reynolds Associates, Inc., Executive Committee Member Apr 2010 Director, The Japan Association of Corporate Executives Apr 2013 Russell Reynolds Associates, Inc., Executive Committee Member Jun 2015 Outside Director, SCSK Corporation Jun 2016 Outside Director (Audit and Supervisory Committee Member), the same company Mar 2017 Outside Director, Showa Shell Sekiyu K.K. (now Idemitsu Kosan Co., Ltd.) Jun 2018 Outside Director (Audit and Supervisory Committee Member), the Company Apr 2019 Outside Director, Idemitsu Kosan Co., Ltd. Jun 2020 Outside Director, Nippon Suisan Kaisha, Ltd. (now Nissui Corporation) Jun 2020 Outside Director, the Company (current) Jul 2020 Senior Partner, Board Advisors Co., Ltd. (formerly Corporate Governance Research Institute, Inc.) May 2023 Vice President, the same company (current) Jun 2023 Outside Director, Eisai Co., Ltd. (current) Jun 2025 Outside Director, Kajima Corporation (current)
1961-09-16
Tsuyoshi NISHIJIMA
Director
Apr 1981 Joined Hokushin Electric Works, Ltd. (now Yokogawa Electric Corporation) Oct 2008 Executive Officer, Product Business Center Head, IA Business Division, the same company Apr 2010 Representative Director, President, Yokogawa Meters & Instruments Corporation (now Yokogawa Test & Measurement Corporation) Jun 2011 Director, Yokogawa Electric Corporation; Representative Director, President, Yokogawa Meters & Instruments Corporation Apr 2012 Director, Managing Executive Officer, Head of IA Platform Business Division, Yokogawa Electric Corporation Apr 2013 Representative Director, President, the same company Apr 2019 Representative Director, Chairman, the same company Jun 2020 Outside Director, Hitachi Transport System, Ltd. (now Logisteed, Ltd.) Apr 2021 Chairman, Yokogawa Electric Corporation Jun 2022 Outside Director, the Company (current) Jun 2025 Outside Director, Hitachi, Ltd. (current)
1957-08-12
Hiroyuki INA
Director
Apr 1981 Joined Nippon Denso Co., Ltd. (now DENSO Corporation) Jun 2009 Managing Officer, the same company Jun 2015 Senior Managing Officer, the same company Apr 2019 Executive Officer, the same company Jun 2019 Outside Director, Toyota Boshoku Corporation Jun 2024 Outside Director, the Company (current)
1958-11-27
Kaori KITAZUMI
Director (Audit and Supervisory Committee Member, Full-time)
Apr 1996 Joined the Company Apr 2024 General Manager, Financial Strategy Department, Management Administration Division, Corporate Division (now Financial Strategy Department, Management Administration Division, Management DX Division) Jun 2026 Director, Audit and Supervisory Committee Member, Full-time (current)
1972-04-25
Seiichi ENOMOTO
Director, Audit and Supervisory Committee Member
Oct 1989 Joined Arthur Andersen & Co. (now Azsa LLC) Sep 1993 Joined Price Waterhouse & Co. (now PricewaterhouseCoopers Japan) Feb 1996 Joined Asahi & Co. (now Azsa LLC) May 2006 Partner, the same firm Sep 2017 Representative, Enomoto Certified Public Accountant Office (current) Dec 2017 Representative Director, iBridge Japan Inc. (current) Jun 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1965-03-27
Mayo MITA
Director, Audit and Supervisory Committee Member
Apr 1983 Joined Morgan Stanley Securities Co., Ltd. (now Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.) Dec 2000 Managing Director, the same company Dec 2013 Senior Advisor, Investment Banking Division, the same company Mar 2020 Outside Director, Otsuka Holdings Co., Ltd. (current) Jun 2023 Outside Audit & Supervisory Board Member, Mitsui Fudosan Co., Ltd. (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1960-10-14
Asako YAMAGAMI
Director, Audit and Supervisory Committee Member
Apr 1999 Registered as attorney-at-law; joined Taiyo Law Office (now Paul Hastings LLP) Oct 2005 Seconded to Walt Disney Japan K.K. May 2006 Joined IBM Japan, Ltd. Jul 2012 Partner, Nagatori Law Office (now Nagatori & Oki Law Office) (current) Jun 2015 Outside Director (Audit and Supervisory Committee Member), Musashi Seimitsu Industry Co., Ltd. Jan 2016 Director of International Affairs, Japan Federation of Bar Associations Mar 2020 Outside Director (Audit and Supervisory Committee Member), Kagome Co., Ltd. (current) Jun 2020 Outside Director (Audit and Supervisory Committee Member), Nikon Corporation Jun 2021 Outside Director, NEC Capital Solutions Limited Jun 2026 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1970-01-01
Large Shareholding Reports
BlackRock Fund Advisors
2026-04-03
1.75%→2.01%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
3.23%→2.61%
BlackRock Fund Advisors
—
2.01%→1.97%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-06
Large Shareholding Report
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-04-03
Large Shareholding Report
TDnet
2026-02-02
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-07-30
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-03
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-25
中期経営計画
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-30
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-07-01
Amended Securities Registration Statement
EDINET
2024-06-27
Securities Registration Statement
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-09
Quarterly Securities Report
EDINETAmended
2022-09-09
Amended Annual Securities Report
EDINETAmended
2022-09-09
Amended Annual Securities Report
EDINETAmended
2022-09-09
Amended Annual Securities Report
EDINETAmended
2022-09-09
Amended Annual Securities Report
EDINETAmended
2022-09-09
Amended Annual Securities Report
EDINET
2022-08-08
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
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