Murata Manufacturing : Presentation Material for Third Quarter of FY2025

(April 1, 2025 to December 31, 2025)

President CEO Norio Nakajima

Revenue 467.5 billion yen

• Revenue was up 4.3% year-on-year. Revenue for high frequency modules and multilayer resin substrates decreased mainly for smartphones but revenue for server and distributors increased for capacitors. Excluding foreign exchange effects, revenue increased by 3.5 %.

  Operating profit 37.9 billion yen

• Operating profit decreased by 50% year-on-year, primarily due to the recording of 49.8 billion yen in one-time expenses, including 43.8 billion yen(impairment loss on goodwill for the SAW filters business).

  Projected Financial Results for FY2025 (February)

Revenue 1,800 billion yen

• Revenue was up 3.4% 60.0 billion yen compared to the October forecast. The main factors include the progression of the yen's depreciation from the assumed exchange rate and stronger demand for our products, driven by growth in the number of electronic components used in AI servers and peripheral equipment, as well as an increase in smartphone production volumes.

  Operating profit 270 billion yen

• Operating profit decreased by 3.6 % 10.0billion yen compared to the October forecast. Despite

  profit-increasing factors derived from foreign-exchange effects and disciplined control of semi-variable and fixed costs, the significant impact of impairment losses is expected to result in figures coming in below the previous forecast.

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  Impairment Loss on the Goodwill

  • Based on future cash flow calculations for the SAW filters business, we conducted an impairment test carried out in connection with the acquisition of Resonant Inc.

  • As a result of the impairment test and measurement, the full amount of goodwill for Resonant Inc. (43.8 billion yen) was impaired.

  • Property, plant and equipment were determined to be recoverable, and no impairment was recorded.

Resonant Inc.

Full impairment

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• Acquisition date：March 2022

• Consideration for acquisition：Approx. 35 billion yen

• The company name : Resonant Inc.

  Effect of acquisition

• Expand and reinforce the product lineup of high-frequency filters

• In addition, contribute to the growth of the high-frequency device business as a differentiated technology of high-frequency filters

• High performance in high frequencies and wide bandwidths

  Can demonstrate superiority in frequency-filtering characteristics (high attenuation, low loss, steepness) in high-frequency bands and wide bandwidths, which are areas with high technical difficulty levels.

• Strong affinity with SAW filters technology

Strong synergies with existing technologies. The Company's production capacity of SAW filters, which is the largest in the industry, can be also utilized.

5G and next-generation Wi-Fi® standards are becoming more common

Communication terminals will be required to receive high-frequency signals accurately

There will be a growing need for high-performance, wide-bandwidth, high-frequency filters.

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