Disclaimer: This document is a translation of the audited Japanese original, which has been filed with the Director of the Kanto Local Finance Bureau of Japan pursuant to the Financial Instruments and Exchange Act of Japan. This document does not contain or constitute any guarantee and the Company will not compensate any losses and/or damage stemming from actions taken based on this translation. In the case that there is any discrepancy between the Japanese original and this document, the Japanese original is assumed to be correct.
Annual Securities Report
(The 88th Fiscal Year)
From April 1, 2023 to March 31, 2024
Murata Manufacturing Co., Ltd.
No. E01914
Cover | Contents | |||
Part I | Corporate Information | 1 | ||
I | Overview of the Company | 1 | ||
1. | Key financial data | 1 | ||
(1) | Consolidated financial data, etc | 1 | ||
(2) | Management indicators of reporting company | 3 | ||
2. | History | ................................................................................................................................................................................. | 4 | |
3. | Description of business | 6 | ||
4. | Information on subsidiaries and associates | 8 | ||
5. | Employees | 16 | ||
II | Business Overview | 19 | ||
1. | Management policies, business environment and issues to be addressed, etc | 19 | ||
2. | Concept and initiatives regarding sustainability | 33 | ||
3. | Business and other risks | 46 | ||
4. | Analysis of financial position, business results and cash flow status by management | 56 | ||
5. | Material contracts | 61 | ||
6. | Research and development activities | 62 | ||
III | Information on Facilities | 63 | ||
1. | Overview of capital investments | 63 | ||
2. | Major facilities | 63 | ||
3. | Plan for the installation and disposal of facilities | 66 | ||
IV | Information on Reporting Company | 67 | ||
1. | Information on the Company's stock | 67 | ||
(1) | Total number of shares and other related information | 67 | ||
(2) | Information on stock acquisition rights and others | 67 | ||
(3) | Status of exercise of moving strike convertible bonds | 67 | ||
(4) | Changes in the total number of issued shares, share capital, etc | 67 | ||
(5) | Shareholding by shareholder category | 68 | ||
(6) | Status of major shareholders | 69 | ||
(7) | Information on voting rights | 71 | ||
2. | Status of the acquisition of treasury stock | 72 | ||
3. | Dividend policy | 74 | ||
4. | Status of corporate governance | 75 | ||
(1) | Overview of corporate governance | 75 | ||
(2) | Officers | 83 | ||
(3) | Audit status | 92 | ||
(4) | Remuneration for officers | 95 | ||
(5) | Information on shareholdings | 100 | ||
V. | Financial Information | 104 | ||
1. | Consolidated Financial Statements, etc | 105 | ||
(1) | Consolidated Financial Statements | 105 | ||
1) Consolidated Statement of Financial Position | 105 | |||
2) Consolidated Statement of Profit or Loss and Consolidated Statement of Comprehensive Income | 107 | |||
3) Consolidated Statement of Changes in Equity | 109 | |||
4) Consolidated Statement of Cash Flows | 110 | |||
(2) | Others | 166 | ||
2. | Non-consolidated Financial Statements, etc | 167 | ||
(1) | Non-consolidated Financial Statements | 167 | ||
1) | Non-consolidated Balance Sheet | 167 | ||
2) Non-consolidated Statement of Income | 169 | |||
3) | Non-consolidated Statement of Shareholders' Equity | 170 | ||
4) | Supplementary schedules | 177 | ||
(2) | Components of major assets and liabilities | 177 | ||
(3) | Others | 177 | ||
VI. Outline of Share-related Administration of Reporting Company | 178 | |||
VII. Reference Information of Reporting Company | 179 | |||
1. | Information about parent of reporting company | 179 | ||
2. | Other reference information | 179 | ||
Part II | Information about Reporting Company's Guarantor, etc | 180 |
Audit Report
Cover | |
Document filed | Annual Securities Report |
Applicable law | Article 24, Paragraph (1) of the Financial Instruments and Exchange Act |
Filed to | Director-General of the Kanto Local Finance Bureau |
Filing date | June 27, 2024 |
Fiscal year | The 88th Fiscal Year (From April 1, 2023 to March 31, 2024) |
Company name | Kabushiki Kaisha Murata Seisakusho |
Company name in English | Murata Manufacturing Co., Ltd. |
Title and name of representative | Norio Nakajima, President and Representative Director |
Address of head office | 10-1, Higashikotari 1-chome,Nagaokakyo-shi, Kyoto, Japan |
Phone No. | +81-75-955-6525 |
Contact person | Masanori Minamide, Representative Director, Executive Vice President, Director |
of Corporate Unit | |
Contact address | 10-1, Higashikotari 1-chome,Nagaokakyo-shi, Kyoto, Japan |
Phone No. | +81-75-955-6525 |
Contact person | Masanori Minamide, Representative Director, Executive Vice President, Director |
of Corporate Unit | |
Place where available for public inspection | Tokyo Stock Exchange, Inc. |
(2-1 Nihonbashi Kabuto-cho,Chuo-ku, Tokyo, Japan) |
Part I Corporate Information
I Overview of the Company 1. Key financial data
(1) Consolidated financial data, etc. | ||||
IFRS | ||||
Fiscal year | ||||
As of | 87th | 88th | ||
transition date | ||||
Year end | April 1, 2022 | March 2023 | March 2024 | |
Revenue | (Millions | - | 1,686,796 | 1,640,158 |
of yen) | ||||
Profit before tax | (Millions | - | 302,683 | 239,404 |
of yen) | ||||
Profit attributable to owners of parent | (Millions | - | 243,946 | 180,838 |
of yen) | ||||
Comprehensive income attributable to | (Millions | - | 292,168 | 290,454 |
owners of parent | of yen) | |||
Equity attributable to owners of parent | (Millions | 2,239,679 | 2,359,985 | 2,556,147 |
of yen) | ||||
Total assets | (Millions | 2,804,081 | 2,858,303 | 3,037,895 |
of yen) | ||||
Equity attributable to owners of parent | (Yen) | 1,166.81 | 1,249.22 | 1,353.01 |
per share | ||||
Basic earnings per share | (Yen) | - | 128.64 | 95.72 |
Diluted earnings per share | (Yen) | - | - | - |
Ratio of equity attributable to owners | (%) | 79.9 | 82.6 | 84.1 |
of parent | ||||
Profit ratio to equity attributable to | (%) | - | 10.6 | 7.4 |
owners of parent | ||||
Price earnings ratio | (Times) | - | 20.83 | 29.50 |
Net cash provided by operating | (Millions | - | 277,641 | 489,637 |
activities | of yen) | |||
Net cash used in investing activities | (Millions | - | (151,416) | (201,571) |
of yen) | ||||
Net cash used in financing activities | (Millions | - | (182,271) | (165,321) |
of yen) | ||||
Cash and cash equivalents at end of | (Millions | 512,072 | 469,406 | 622,007 |
year | of yen) | |||
Number of employees | (Persons) | 77,581 | 73,164 | 73,165 |
(Notes) 1. Amounts of less than one million yen are rounded to the nearest million yen.
- The consolidated financial statements of the Companies have been prepared in accordance with IFRS Accounting Standards (hereinafter, "IFRS") since the 88th fiscal year.
- Diluted earnings per share is not stated since there are no dilutive potential shares.
- The Company implemented a three-for-one common stock split on October 1, 2023. Equity attributable to owners of parent per share and basic earnings per share were calculated on the assumption that the relevant stock split had been implemented on the transition date.
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Fiscal year | U.S. GAAP | ||||
84th | 85th | 86th | 87th | ||
Year end | March 2020 | March 2021 | March 2022 | March 2023 | |
Net sales | (Millions | 1,534,045 | 1,630,193 | 1,812,521 | 1,686,796 |
of yen) | |||||
Income before income taxes | (Millions | 254,032 | 316,417 | 432,702 | 314,895 |
of yen) | |||||
Net income attributable to Murata | (Millions | 183,012 | 237,057 | 314,124 | 253,690 |
Corporation | of yen) | ||||
Comprehensive income attributable to | (Millions | 149,950 | 293,766 | 419,069 | 310,777 |
Murata Corporation | of yen) | ||||
Murata Corporation's shareholders' | (Millions | 1,694,104 | 1,920,805 | 2,263,596 | 2,402,511 |
equity | of yen) | ||||
Total assets | (Millions | 2,250,230 | 2,462,261 | 2,809,171 | 2,872,763 |
of yen) | |||||
Murata Corporation's shareholders' | (Yen) | 882.63 | 1,000.71 | 1,179.27 | 1,271.73 |
equity per share | |||||
Net income attributable to Murata | (Yen) | 95.35 | 123.50 | 163.65 | 133.78 |
Corporation per share | |||||
Diluted net income attributable to | (Yen) | - | - | - | - |
Murata Corporation per share | |||||
Shareholders' equity ratio | (%) | 75.3 | 78.0 | 80.6 | 83.6 |
Net income attributable to Murata | (%) | 11.1 | 13.1 | 15.0 | 10.9 |
Corporation / Shareholders' equity | |||||
Price earnings ratio | (Times) | 19.13 | 23.86 | 16.53 | 20.03 |
Net cash provided by operating | (Millions | 350,334 | 373,571 | 421,458 | 276,278 |
activities | of yen) | ||||
Net cash used in investing activities | (Millions | (284,431) | (150,275) | (212,300) | (157,850) |
of yen) | |||||
Net cash provided by (used in) | (Millions | 17,650 | (118,189) | (117,505) | (173,708) |
financing activities | of yen) | ||||
Cash and cash equivalents at end of | (Millions | 302,320 | 407,699 | 512,072 | 469,406 |
year | of yen) | ||||
Number of employees | (Persons) | 74,109 | 75,184 | 77,581 | 73,164 |
(Notes) 1. Amounts of less than one million yen are rounded to the nearest million yen.
- Until the 87th fiscal year, the consolidated financial statements of the Companies were prepared in conformity with accounting principles generally accepted in the United States of America.
- Until the 87th fiscal year, the Companies adopted the "Accounting Standards Codification (ASC) 260: Earnings Per Share" published by the Financial Accounting Standards Board (FASB) of the United States of America, where diluted net income per share is computed if potential shares are dilutive. Diluted net income attributable to Murata Corporation per share is not stated since there are no dilutive shares.
- In calculating Murata Corporation's shareholders' equity per share, the Company adopted the Guidance on Accounting Standard for Earnings Per Share (Accounting Standards Board of Japan (ASBJ) Guidance No. 4).
- The Company implemented a three-for-one common stock split on October 1, 2023. Murata Corporation's shareholders' equity per share and net income attributable to Murata Corporation per share were calculated on the assumption that the relevant stock split had been implemented at the beginning of the 84th fiscal year.
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(2) Management indicators of reporting company
Fiscal year | 84th | 85th | 86th | 87th | 88th | ||
Year end | March 2020 | March 2021 | March 2022 | March 2023 | March 2024 | ||
Revenue | (Millions of | 1,044,772 | 1,107,863 | 1,233,464 | 1,069,417 | 1,069,763 | |
yen) | |||||||
Ordinary profit | (Millions of | 68,629 | 90,872 | 213,786 | 146,625 | 103,760 | |
yen) | |||||||
Profit for the period | (Millions of | 67,669 | 85,317 | 184,784 | 148,193 | 107,807 | |
yen) | |||||||
Share capital | (Millions of | 69,444 | 69,444 | 69,444 | 69,444 | 69,444 | |
yen) | |||||||
Total number of issued shares | (Thousands | 675,814 | 675,814 | 675,814 | 675,814 | 2,027,442 | |
of shares) | |||||||
Net assets | (Millions of | 601,650 | 623,496 | 730,966 | 707,765 | 724,441 | |
yen) | |||||||
Total assets | (Millions of | 1,147,829 | 1,268,960 | 1,425,313 | 1,311,948 | 1,414,724 | |
yen) | |||||||
Net assets per share | (Yen) | 313.46 | 324.83 | 380.81 | 374.64 | 383.46 | |
Dividend per share | (Yen) | 97.00 | 115.00 | 130.00 | 150.00 | 102.00 | |
[Interim dividend per share] | [47.00] | [55.00] | [60.00] | [75.00] | [75.00] | ||
Basic earnings per share | (Yen) | 35.26 | 44.45 | 96.27 | 78.09 | 57.06 | |
Diluted earnings per share | (Yen) | - | - | - | - | - | |
Shareholders' equity ratio | (%) | 52.4 | 49.1 | 51.3 | 53.9 | 51.2 | |
Return on equity | (%) | 11.3 | 13.9 | 27.3 | 20.6 | 15.1 | |
Price earnings ratio | (Times) | 51.73 | 66.31 | 28.11 | 34.32 | 49.49 | |
Payout ratio | (%) | 91.7 | 86.2 | 45.0 | 64.0 | 91.1 | |
Number of employees | (Persons) | 9,199 | 9,528 | 9,771 | 10,089 | 10,401 | |
Total shareholders return | (%) | 101.0 | 164.3 | 153.5 | 154.8 | 165.5 | |
[Benchmark: TOPIX total return] | (%) | [90.5] | [128.6] | [131.2] | [138.8] | [196.2] | |
Highest stock price | (Yen) | 6,920 | 10,835 | 10,535 | 8,811 | 8,736 | |
*3,141 | |||||||
Lowest stock price | (Yen) | 4,304 | 5,008 | 7,008 | 6,438 | 7,537 | |
*2,461 | |||||||
(Notes) 1. Amounts of less than one million yen are rounded down to the nearest million yen. |
- The Company implemented a three-for-one common stock split, effective October 1, 2023. Net assets per share and basic earnings per share are calculated as if the stock split had been conducted at the start of the 84th fiscal year. The asterisked figures are the highest and lowest stock prices after ex-rights due to the stock split.
- The diluted earnings per share are not stated since there were no dilutive potential securities.
- Effective from April 4, 2022, the highest and lowest stock prices were on the Tokyo Stock Exchange's Prime Market, and before then, they were on the Tokyo Stock Exchange's First Section.
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2. History
Month and year | History |
October 1944 | Akira Murata founded Murata Manufacturing as a personal venture in Kyoto-shi and started manufacturing |
ceramic capacitors. | |
December 1950 | The venture was reorganized as a stock company with the capital stock of one million yen and its name |
changed to Murata Manufacturing Co., Ltd. | |
February 1961 | Head Office was moved to Nagaokakyo-shi, Kyoto. |
September 1962 | Established Yokaichi Plant. |
September 1962 | Invested in Fukui Murata Manufacturing Co., Ltd. (currently wholly owned). |
March 1963 | Listed on the Second Section of the Osaka Stock Exchange (moved to the First Section in February 1970). |
May 1965 | Established a sales company in the U.S., current Murata Electronics North America, Inc. |
December 1969 | Listed on the Second Section of the Tokyo Stock Exchange (moved to the First Section in February 1970). |
December 1972 | Established a sales and manufacturing company in Singapore, Murata Electronics Singapore (Pte.) Ltd. |
October 1973 | Established a sales company in China, Murata Company Limited. |
April 1978 | Established the first European sales company in Germany. |
November 1978 | Acquired a manufacturing and sales company in Taiwan, current Taiwan Murata Electronics Co., Ltd. |
September 1980 | Acquired a multination corporation in Canada, Erie Technological Products, Ltd. (currently one of the |
subsidiaries in the U.S. and Europe). | |
May 1981 | Established Komatsu Murata Manufacturing Co., Ltd. |
October 1982 | Established Toyama Murata Manufacturing Co., Ltd. |
August 1983 | Established Izumo Murata Manufacturing Co., Ltd. |
August 1984 | Established Kanazawa Murata Manufacturing Co., Ltd. |
July 1987 | Established Yasu Plant. |
September 1988 | Established a manufacturing company in Thailand, Murata Electronics (Thailand), Ltd. |
October 1988 | Established the European management company in Germany. (Its functions were transferred to the current |
Murata Electronics Europe B.V. that was established in the Netherlands in August 2004.) | |
November 1988 | Established Yokohama R&D Center. |
December 1989 | Established a sales company in the Netherlands. (It was integrated to the current Murata Electronics Europe |
B.V. in April 2014.) | |
July 1990 | Established a sales company in Brazil, Murata World Comercial Ltda. |
April 1992 | Established Okayama Murata Manufacturing Co., Ltd. |
May 1993 | Established a manufacturing and sales company in Malaysia, Murata Electronics (Malaysia) Sdn. Bhd. |
December 1994 | Established a manufacturing company in China, Wuxi Murata Electronics Co., Ltd. |
May 1995 | Established a sales company in China, Murata Electronics Trading (Shanghai) Co., Ltd. |
March 1999 | Established Tokyo Branch in Shibuya-ku, Tokyo. |
December 2000 | Established a sales company in Republic of Korea, Korea Murata Electronics Company, Limited. |
July 2002 | Established a sales company in Mexico, Murata Electronics Trading Mexico, S.A. de C.V. |
October 2004 | Head Office was moved to a new building constructed at the current location. |
June 2005 | Established a manufacturing company in China, Shenzhen Murata Technology Co., Ltd. |
December 2005 | Established the sales management company for Greater China in China, Murata (China) Investment Co., |
Ltd. | |
August 2007 | Acquired a development, manufacturing and sales company in the U.S., current Murata Power Solutions, |
Inc. | |
October 2010 | Established a sales company in India, Murata Electronics (India) Private Limited. |
October 2010 | Established a sales company in Vietnam, Murata Electronics (Vietnam) Co., Ltd. |
September 2011 | Established a manufacturing company in the Philippines, Philippine Manufacturing Co. of Murata, Inc. |
January 2012 | Acquired a development and manufacturing company in Finland, current Murata Electronics Oy. |
March 2012 | Acquired the power amplifier business from Renesas Electronics Corporation. |
August 2013 | Acquired the current Iwate Murata Manufacturing Co., Ltd. |
March 2014 | Made the current Saitama Murata Manufacturing Co., Ltd. a subsidiary (a wholly owned subsidiary in May |
2016). |
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Month and year | History |
December 2014 | Acquired a development, manufacturing and sales company in the U.S., current pSemi Corporation. |
October 2016 | Established a joint company with SHIZUKI ELECTRIC COMPANY INC., Murata Shizuki FC Solutions |
Co., Ltd. | |
October 2016 | Acquired a development, manufacturing and sales company in France, current Murata Integrated Passive |
Solutions SAS. | |
September 2017 | Acquired the battery business from Sony Corporation and Sony Group Corporation. |
October 2017 | Acquired a development and sales company in the U.S., current Murata Vios, Inc. |
December 2020 | Established Minato MIRAI Innovation Center in Nishi-ku,Yokohama-shi. |
April 2022 | After the Tokyo Stock Exchange restructured the market segments, the Company moved to the Prime |
Market of the Tokyo Stock Exchange from its First Section. |
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3. Description of business
The main business of Murata Manufacturing Co., Ltd. (the "Company") and its subsidiaries and associates (collectively, the "Companies") is the development, manufacturing and sale of electronic components and related products, and this business is divided into three operating segments: Components (capacitors, inductors, EMI suppression filters, etc.), Devices and Modules (High-frequency Modules, Surface Wave Filters, Lithium Ion Secondary Batteries, Sensors, etc.) and Others (Healthcare Equipment, Solution Business, etc.).
The position of each company in the relevant business is as follows: [Manufacturing and sales of electronic components]
Reporting company
The Company manufactures semi-finished products that are intermediate products of various electronic components and supplies them to manufacturing companies in Japan and oversea. In addition, the Company sells finished products that are processed within the Companies to clients and sales companies at home and abroad.
Sales companies
Sales companies conduct sales and brokerage services of products manufactured within the Companies. Material sales companies, such as Murata Electronics North America, Inc. in the U.S., Murata Company Limited and Murata Electronics Trading (Shanghai) Co., Ltd. in China, and Murata Electronics Europe B.V. in the Netherlands, sell finished products manufactured by the Company and its subsidiaries and associates.
Manufacturing and sales companies
Manufacturing and sales companies principally process semi-finished products manufactured by the Company into finished products, which will be supplied to the Company and sales companies. They also sell products manufactured by the Company and its subsidiaries and associates to their clients. We have the following material manufacturing companies: In Japan, Fukui Murata Manufacturing Co., Ltd., Izumo Murata Manufacturing Co., Ltd., Toyama Murata Manufacturing Co., Ltd., Kanazawa Murata Manufacturing Co., Ltd., Okayama Murata Manufacturing Co., Ltd., Komoro Murata Manufacturing Co., Ltd., and Tohoku Murata Manufacturing Co., Ltd; in China, Wuxi Murata Electronics Co., Ltd., Shenzhen Murata Technology Co., Ltd., Murata Energy Device Wuxi Co., Ltd., and Foshan Murata Materials Co., Ltd.; in Singapore, Murata Electronics Singapore (Pte.) Ltd.; in the Philippines, Philippine Manufacturing Co. of Murata, Inc.; in Thailand, Murata Electronics (Thailand), Ltd; in France, Murata Integrated Passive Solutions SAS; in Vietnam, Murata Manufacturing Vietnam Co., Ltd.; and in the U.S., pSemi Corporation. These companies manufacture Components and Devices and Modules.
Management companies
The management company conducts marketing activities in the relevant region and administrates subsidiaries and associates. Material management company, Murata (China) Investment Co., Ltd. in China, conducts marketing and engineering activities in Greater China, and administrates Chinese sales companies.
[Others]
There are subsidiaries and associates that engage in employees' welfare, leasing of real estate, and the development and sales of products and software.
The above-mentioned business content is shown in the following diagram:
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Murata Manufacturing Co., Ltd.
Sales of products
Sales of products
Sales of products and supply of semi-finished products
Purchase of products and semi-finished products
Sales companies
(Overseas subsidiaries) | ||
Murata Company Limited | (China) | |
Murata Electronics North America, Inc. | (U.S.A.) | |
Murata Electronics Europe B.V. | (The Netherlands) | |
Korea Murata Electronics Company, Limited | (South Korea) | |
Murata Electronics (Vietnam) Co., Ltd. | (Vietnam) | |
Murata World Comercial Ltda. | (Brazil) | |
Murata Electronics Trading (Shanghai) Co., Ltd. | (China) | |
Murata Electronics Trading (T ianjin) Co., Ltd. | (China) | |
T hai Murata Electronics Trading, Ltd. | (Thailand) | |
Murata Electronics Philippines Inc. | (T he Philippines) | |
Murata Electronics Trading (Shenzhen) Co., Ltd. | (China) | |
Murata Electronics Trading Mexico, S. A. de C.V. | (Mexico) | |
Murata Electronics (India) Private Limited | (India) | |
Sales of products | ||
Manufacturing and sales companies | ||
(Domestic subsidiaries) | ||
Kanazawa Murata Manufacturing Co., Ltd. | Fukui Murata Manufacturing Co., Ltd. | |
Tohoku Murata Manufacturing Co., Ltd. | Izumo Murata Manufacturing Co., Ltd. | |
Toyama Murata Manufacturing Co., Ltd. | Okayama Murata Manufacturing Co., Ltd. | |
Komoro Murata Manufacturing Co., Ltd. | Sabae Murata Manufacturing Co., Ltd. | |
Komatsu Murata Manufacturing Co., Ltd. | Ise Murata Manufacturing Co., Ltd. | |
Iwate Murata Manufacturing Co., Ltd. | Hakui Murata Manufacturing Co., Ltd. | |
Ogaki Murata Manufacturing Co., Ltd. | Kanazu Murata Manufacturing Co., Ltd. | |
Tome Murata Manufacturing Co., Ltd. | Azumi Murata Manufacturing Co., Ltd. | |
Anamizu Murata Manufacturing Co., Ltd. | Himi Murata Manufacturing Co., Ltd. | |
Asuwa Murata Manufacturing Co., Ltd. | Wakura Murata Manufacturing Co., Ltd. | |
Murata Shizuki FC Solutions Co., Ltd. | Sendai Murata Manufacturing Co., Ltd. | |
(Overseas subsidiaries) | ||
Murata Electronics Singapore (Pte.) Ltd. | (Singapore) | |
Murata Electronics (Thailand), Ltd. | (Thailand) | |
Philippine Manufacturing Co. of Murata, Inc. | (T he Philippines) | |
Murata Electronics (Malaysia) Sdn. Bhd. | (Malaysia) | |
Shenzhen Murata T echnology Co., Ltd. | (China) | |
Wuxi Murata Electronics Co., Ltd. | (China) | |
Murata Energy Device Wuxi Co., Ltd. | (China) | |
T aiwan Murata Electronics Co., Ltd. | (Taiwan) | |
Murata Electronics Oy | (Finland) | |
pSemi Corporation | (U.S.A.) | |
Murata Manufacturing Vietnam Co., Ltd. | (Vietnam) | |
Murata Power Solutions, Inc. | (U.S.A.) | |
Murata Integrated Passive Solutions SAS | (France) | |
Foshan Murata Materials Co., Ltd. | (China) | |
Management companies | ||
(Overseas subsidiaries) | ||
Murata (China) Investment Co., Ltd. | (China) | |
Others | ||
(Domestic subsidiaries) | ||
Saitama Murata Manufacturing Co., Ltd. | Murata Eiko Co., Ltd. | |
Murata Software Co., Ltd. | Murata Land & Building Co., Ltd. | |
MIRAISENS, Inc. | Murata Cosmos Co., Ltd. | |
PIECLEX Co., Ltd. | ||
(Overseas subsidiaries) | ||
Murata Vios, Inc. | (U.S.A.) | |
SyChip Electronic T echnology (Shanghai) Ltd. | (China) | |
Eta Wireless, Inc. | (U.S.A.) | |
Resonant Inc. | (U.S.A.) |
(Equity-method associates) MF Material Co., Ltd.
Sales of products
Sales of products
Sales of products
Clients
(Note) Other than the companies in the diagram above, there are 22 subsidiaries.
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Murata Manufacturing Co. Ltd. published this content on 12 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2024 06:14:05 UTC.