Murata Manufacturing Co Ltd

6981: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Murata Manufacturing Earnings: Expect Tight MLCC Supply to Continue; Fair Value up by 6%

Kazunori Ito

Feb 3, 2026

Murata Manufacturing's sales increased 4.3% in the December quarter, but operating income was 50% down year over year due to impairment charges for the SAW filters business. The company lowered its operating income guidance for fiscal 2025 (ending March 2026) to JPY 270 billion from JPY 280 billion.

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United States

Murata Manufacturing Co Ltd

Murata Manufacturing Earnings: Expect Tight MLCC Supply to Continue; Fair Value up by 6%

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