Murata Manufacturing : Notice Regarding Stock Split, Partial Amendment of Articles of Incorporation and Revision of Dividend Projections

	May 23, 2023
Company name:	Murata Manufacturing Co., Ltd.
Name of representative:	Norio Nakajima
	President and Representative Director
	(Code: 6981, Tokyo Stock Exchange
Contact:	Prime market)
Mikito Yamada
	General Manager of Corporate
	Communication Department
	(Phone: [phone])

Notice Regarding Stock Split, Partial Amendment of Articles

of Incorporation and Revision of Dividend Projections

Murata Manufacturing Co., Ltd. (hereinafter the "Company") hereby announces that the resolution was made at Board of Directors held today to implement a stock split and institute a partial amendment to its articles of incorporation in conjunction with this split. Furthermore, the Company hereby announces that the Company, in accordance with this split, has also revised the dividend projections for the fiscal year ending March 31, 2024.

1. Stock Split

1. Purpose of the stock split

The purpose of the stock split is to expand its investor base by lowering the stock price per investment unit and to increase the liquidity of the Company's stock.

1. Overview of the stock split

• Method of the stock split

Each share of common stock owned by shareholders listed or recorded in the closing register of shareholders on the record date of Saturday, September 30, 2023 will be split into three shares.

Since this day falls on a non-business day of the shareholder registry administrator, the substantial record date will be Friday, September 29, 2023.

② Number of shares to be increased by the stock split

	Total number of issued shares prior to the stock split		675,814,281
	Number of shares to be increased by the stock split		1,351,628,562
	Total number of issued shares after the stock split		2,027,442,843
	Total number of authorized shares after the stock split		5,229,000,000
③ Schedule for the stock split
	Public notice of record date (scheduled)		Thursday, September 14, 2023
	Record date		Saturday, September 30, 2023
	Effective date		Sunday, October 1, 2023

2. Partial Amendment of Articles of Incorporation

(1) Purpose of the amendment

The total number of authorized shares described in Article 6 of the Company's articles of incorporation will be amended in conjunction with the stock split as provided for the Article 184 (2) of the Companies Act of Japan, effective Sunday, October 1, 2023.

(2) Details of the amendment

The details of the partial amendment of the Company's articles of incorporation are as follows.

	(Changed portions are underlined.)
Current Articles of Incorporation	Articles of Incorporation after Amendment
(Total Number of Shares Authorized to be	(Total Number of Shares Authorized to be
Issued)	Issued)
Article 6	Article 6
The total number of shares authorized to be	The total number of shares authorized to be
issued by the Company shall be 1,743,000,000	issued by the Company shall be 5,229,000,000
shares.	shares.

(3) Schedule of the amendment

Date of Board of Directors' resolution	Tuesday, May 23,	2023
Effective date	Sunday, October 1,	2023

3. Revision of Dividend Projections

As a result of the stock split, the year-end dividend projection for the fiscal year ending March 31, 2024, which was announced on April 28, 2023, has been revised as follows. The revision was in line with the split ratio and there is no substantial change in the dividend projections.

	Dividends per share (yen)
	Second Quarter	Year-end	Total
Previous Projections	75.00	75.00	150.00
(April 28, 2023)
Revised Projections	75.00	25.00	－
(pre-split conversion)		(75.00)	(150.00)
Previous fiscal year	75.00	75.00	150.00
(ended March 31, 2023)

(Note) As the stock split is scheduled to take effect on October 1, 2023, the dividend payment at the end of the second quarter with a record date of September 30, 2023, will be based on the number of shares before the stock split.