Net sales were 419.0 billion yen, down 13.4% from the last quarter. Sales of multilayer resin substrates, high-frequency modules and connectivity modules decreased for smartphones, and sales of capacitors fell for computers and communication. Additionally, partly due to a decrease in sales of lithium-ion secondary batteries for power tools, net sales, as a whole, declined.
Operating income was 77.3 billion yen, down 27.3% from the last quarter. The main reason for the decrease was a loss in productivity from lower capacity utilization, resulting from a decrease in production output.
Net sales 11.4% fell short of the projected financial results as the power tool market slowed down, in addition to a bigger-than-expected decline in demand mainly for the consumer product market, including smartphones and PCs, although sales remained firm for mobility.
The Company has revised the projected financial results, based on the cumulative results for the first nine months and the fourth quarter results forecast.
Projected Financial Results
Net sales are planned to decrease 7.7% from the previous projected result. Sales of components, devices and modules are expected to decline for communication and computers.
Operating income is planned to decrease 22.4% from the previous projected result. A loss in productivity from lower capacity utilization, resulting from a decrease in production output, is expected.
Capital expenditures
The amount has been revised to 200.0 billion yen, down 10.0 billion yen from the previous projected result, due to continued delays in the delivery of some components for equipment.
Shareholder returns
The annual dividend remains unchanged at 150 yen per share.
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Murata Manufacturing Co. Ltd. published this content on 02 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2023 06:09:12 UTC.
Murata Manufacturing Co., Ltd. is one of the world leaders in design, production and marketing of innovative electronic components for the telecommunications and automobile sectors, etc. Net sales break down by family of products as follows:
- electronic components (74.4%): capacitors, piezoelectric components, etc.;
- modules (22.4%);
- other (3.2%).
Sales break down geographically as follows: Japan (9.2%), China (54.8%), Asia (15.6%), America (11.4%) and Europe (9%).
MURATA MANUFACTURING CO., LTD 
