Murata Manufacturing Co., Ltd.
Fiscal 2026 Q2 Earnings Presentation
Revenue for the first half reached a record high of 1,090.8 billion yen, up 20.8% year-over-year. Operating income was a record 245.9 billion yen, up 48.9% year-over-year. Full-year FY2026 forecasts are revenue of 2,260.0 billion yen and operating income of 520.0 billion yen, both expected to be record highs. Segment growth was driven by capacitors, reflecting expanding data center demand.
Key Figures
- Revenue (H1): 1,090.8 billion yen (Year-over-Year +20.8%)
- Operating Income (H1): 245.9 billion yen (Year-over-Year +48.9%)
- Full-year Revenue Forecast: 2,260.0 billion yen (revised in H1)
- Full-year Operating Income Forecast: 520.0 billion yen
AI要約
Overview of Results
Revenue for the first half of FY2026 reached 1,090.8 billion yen, a record high, representing a 20.8% increase year-over-year. Declines in some components for smartphones were offset by expanding demand across a wide range of applications including data centers and mobility. Operating income was 245.9 billion yen, up 48.9% year-over-year, also a record high. Negative factors such as foreign exchange effects and higher fixed costs were outweighed by productivity improvements and the impact of a weaker yen.
Outlook, Investment and Shareholder Returns
Full-year FY2026 forecasts have been revised up to revenue of 2,260.0 billion yen and operating income of 520.0 billion yen, both expected to be record highs. This revision assumes continued robust demand for data center-related components and expanding demand for AI servers. Under a policy of continued shareholder returns, the company plans to implement share buybacks in addition to dividends aimed at achieving the DOE target.
Revenue Trend
Operating Income Trend
Segment Revenue Breakdown
Margin Analysis
Guidance vs Actual Comparison
Murata Manufacturing Co., Ltd.
Company overview · Stock price · Financial data · All IR
