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Financial Results of FY2021

Financial Results

  • Net sales were 1,812.5 billion yen, up 11.2% year on year. Sales of mainly capacitors and lithium-ion secondary batteries rose. Operating income was 424.1 billion yen, also up 35.4% year on year. Both net sales and operating income marked a record high.

  • Net sales and operating income increased 2.4% and 3.4% respectively, compared with the forecast. Net sales exceeded the forecast primarily for automotive electronics and EDP. Operating income also outperformed the forecast primarily due to productivity gains from higher capacity utilization and the impact of the depreciation of the yen.

Shareholder returns

  • The Company plans to pay a year-end dividend of 70 yen per share for FY2021, an increase of 5 yen per share from the previous forecast. (An annual dividend of 130 yen per share )

Projected Financial Results for FY2022

Projected Financial Results

  • The Company plans to increase net sales 6.5% year on year. The Company expects higher sales of mainly components for automotive electronics and stronger sales of lithium-ion secondary batteries for power tools.

  • Operating income is projected to increase 3.8% year on year. The Company plans to increase profits, based on the effect of the deprecation of the yen and rationalization, despite the expectation of a decline in product selling prices and a rise in fixed costs.

Capital expenditures

  • The Company plans a capital expenditure of 240.0 billion yen, up 87.2 billion yen from the previous term, as investments in expanding and reinforcing production capacity in preparation for the medium-term growth of demand for parts.

Shareholder returns

  • The Company plans to pay an annual dividend of 150 yen per share, an increase of 20 yen per share from the previous year.

  • Purchase of the Company's own shares up to 80 billion yen.

Financial Results

Quarterly Financial Results

(B JPY)

140.0

Operating income

Net income attributable to Murata CorporationIncome before income taxesSales

INCOME

120.0

100.0

80.0

60.0

40.0

20.0

0.0

FY20 1Q

FY19

1Q

(B JPY)

600.0

500.0

SALES

400.0

300.0

200.0

100.0

0.0

2Q

3Q

4Q

2Q

3Q

4QFY21 1Q

2Q

3Q

4Q

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Murata Manufacturing Co. Ltd. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 06:14:41 UTC.