Murata Manufacturing : Earnings call transcript for FY2025 (Presentation/Q&A session)

Published May 12, 2026 at 1:42 a.m. UTC

Source: MarketScreener

Murata Manufacturing Co., Ltd.

Financial Earnings Release Conference for the Fiscal Year Ended March 2026 April 30, 2026

Event Summary [Company Name] Murata Manufacturing Co., Ltd. [Company ID] 6981-QCODE [Event Language] JPN [Event Type] Earnings Announcement [Event Name] Financial Earnings Release Conference for the Fiscal Year Ended March 2026 [Fiscal Period] FY2025 Annual [Date] April 30, 2026 [Time] 15:30 - 16:35

(Total: 65 minutes, Presentation: 31 minutes, Q&A: 34 minutes)

[Venue] Webcast [Number of Speakers] 3

Norio Nakajima President, Representative Director Masanori Minamide Executive Deputy President, Representative

Director

Nagato Omori Executive Vice President, Ceramic Capacitor Business Unit

[Analyst Names]* Daiki Takayama Goldman Sachs

Shoji Sato Morgan Stanley MUFG Securities

Fumihide Goto Mizuho Securities

Manabu Akizuki Nomura Securities

Shingo Hirata UBS Securities

Presentation Moderator: The scheduled time has arrived, so we will now begin Murata Manufacturing Co., Ltd.'s financial earnings release conference for the fiscal year ended March 2026.

First, I would like to introduce today's speakers. President and Representative Director, Norio Nakajima.

Nakajima: Thank you. Moderator: Executive Deputy President and Representative Director, Masanori Minamide. Minamide: Thank you. Moderator: Executive Vice President and Head of the Ceramic Capacitor Business Unit, Nagato Omori. Omori: Thank you very much. Moderator: As for today's agenda, President Nakajima will first cover the earnings highlights and topics, after which Minamide will explain the financial results summary and business overview. Once the presentation is complete, we will move to the Q&A session. The materials are posted in the IR library under investor relations on our website. The presentation materials can also be viewed through the Timely Disclosure Information Viewing Service.

With that, President Nakajima, please begin.

Nakajima: Before reporting on the financial results, I would first like to briefly explain the unauthorized access to our IT environment.

We sincerely apologize for the significant inconvenience and concern this matter has caused. An overview of the unauthorized access is shown in the upper section here.

As for the impact on our production and sales activities, at present, we believe operations are running normally and that there is no disruption.

On the other hand, in terms of the scope of impact, we believe there is a possibility that information was leaked, involving 73,000 records relating to our employees and associated persons, and 15,000 records relating to external parties, for a total of 88,000 records. We are currently consulting individually with business partners and customers on this matter.

As for measures to prevent recurrence, they are as shown in the lower section. By building a more robust management system, we will do everything we can to prevent recurrence and restore trust. Thank you.

I would now like to move to the highlights of FY2025.

The biggest factor in FY2025 was higher capacitor sales across a wide range of applications, mainly for servers, which resulted in record-high revenue of JPY1,830.9 billion.

Meanwhile, operating profit was JPY281.8 billion, up 0.8%, as we were able to generate a slight increase in profit through gains in capacity utilization and cost reductions, despite such factors as goodwill impairment recorded in Q3, price declines, and higher fixed costs.

We have been explaining our three priority issues for 2025 under the theme of creating key devices for each application.

As for the results, in the first area, high-frequency modules, we were able to win a certain level of share in next year's models for high-end devices, mainly in the US. We targeted three modules there, two on the receive side and one on the transmit side, and for the two receive-side modules, we were able to secure shares of more than 50%, as planned.

On the other hand, for the transmit-side module, unfortunately, we were only able to remain at a minority share. We are now working so that by 2027 we can somehow capture a major share there.

At the same time, I see it as a negative that, amid the very harsh environment for the surface acoustic wave filter business, we recorded a substantial goodwill impairment.

For the second priority issue, the battery business, we were able to achieve profitability in 2025 as planned.

In addition, for our next target markets, battery backup units for data centers and energy storage systems, or ESS, we are getting ready with LFP based on lithium iron phosphate olivine, which we believe will be needed going forward, as well as a tabless cylindrical battery structure. Being in a position to begin sample shipments within FY2026 should be a positive factor in that we can provide highly unique products to markets that are set to grow.