Murata Manufacturing Co., Ltd.
Financial Summary for the Third Quarter of the Fiscal Year Ending March 2026 [IFRS] (Consolidated)
For the third quarter of the fiscal year ending March 2026, revenue was JPY 1,370,232 million (2.9% increase YoY), operating income was JPY 203,012 million (13.3% decrease YoY), and net income attributable to owners of the parent for the quarter was JPY 157,348 million (21.8% decrease YoY).
Key Figures
- Revenue: JPY 1,370,232 million (2.9% increase YoY)
- Operating Income: JPY 203,012 million (13.3% decrease YoY)
- Net Income Attributable to Owners of Parent for the Quarter: JPY 157,348 million (21.8% decrease YoY)
AI要約
Overview of Business Results
For the cumulative consolidated period of the third quarter of the fiscal year ending March 2026, revenue totaled JPY 1,370,232 million (2.9% increase YoY), driven by growth in multilayer ceramic capacitors, inductors, and EMI suppression filters. Meanwhile, operating income was JPY 203,012 million (13.3% decrease YoY), impacted by product price declines and impairment losses on goodwill related to surface acoustic wave filter products. Net income attributable to owners of the parent for the quarter was JPY 157,348 million (21.8% decrease YoY). By segment, the Components Business performed strongly with revenue of JPY 861,141 million, up 10.0% YoY, whereas the Devices & Modules Business declined by 7.5% YoY to JPY 498,006 million.
Financial Position and Cash Flow Status
At the end of the consolidated accounting period for the third quarter of the fiscal year ending March 2026, total assets were JPY 3,091,516 million, up 1.3% compared to the same period last year, and total liabilities increased to JPY 477,969 million. Total equity stood at JPY 2,613,547 million, nearly flat, while the equity ratio attributable to owners of the parent decreased by 0.6 percentage points to 84.6%. Cash flow from operating activities was an inflow of JPY 281,790 million but decreased year-over-year. Cash flow from investing activities was an outflow of JPY 116,718 million, and cash flow from financing activities was an outflow of JPY 218,673 million.
Earnings Outlook
The full-year earnings forecast for the fiscal year ending March 2026 has been revised to project revenue of JPY 1,800,000 million (up from previous forecast), operating income of JPY 270,000 million (down from previous forecast), and net income attributable to owners of parent of JPY 220,000 million (unchanged). The increase in revenue is attributed to an accelerating weaker yen and growing demand for electronic components for AI servers. Although operating income is expected to decline due to impairment losses related to the goodwill of the surface acoustic wave filter business, income before income taxes is projected to exceed the previous forecast owing to foreign exchange gains and interest income.
