Net sales were 920.2 billion yen, up 1.3% year on year, due to a significant increase in sales of lithium-ion secondary batteries for power tools in addition to the sales-increasing effect of the depreciation of the yen, although sales of SAW filters decreased for smartphones.
Operating income was 195.0 billion, down 12.2% year on year, due to a drop in the operation rate and an increase in fixed costs despite profit-increasing effects such as the depreciation of the yen and cost reductions.
The Company failed to achieve the projected financial results with net sales and operating income down 3.3% and 6.7% from the projection, respectively. Profits fell short of the projected results mainly due to a productivity loss from lower capacity utilization, resulting from sales decreases mainly in the consumer product market, and surges in material and energy prices, despite the effect of the depreciation of the yen.
The Company has revised the projected financial results based on the results for the first-half of FY2022 and demand forecasts for the second half of FY2022.
Projected Financial Results
Net sales are planned to decrease 5.7% from the previous projected result. Sales, mainly those of components, are expected to decline for communication and computers despite the effect of the depreciation of the yen.
Operating income is planned to decrease 13.6% from the previous projected result. A loss in productivity from lower capacity utilization resulting from a decrease in production output is expected despite the effect of the depreciation of the yen.
Capital expenditures
The amount has been revised to 210.0 billion yen, down 30.0 billion yen from the previous projected result, due to delays in the delivery of 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 31 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2022 06:08:00 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 
