KYOTO, Japan - Thursday, April 30th 2015 [ME NewsWire]
(BUSINESS WIRE) -- Murata Manufacturing Co., Ltd. (Murata) (TOKYO:6981) (ISIN:JP3914400001), a global leader in advanced electronic components and solutions, today announced record high financial results for the fiscal year 2014 that ended on March 31, 2015. Net sales reached 1,043,542 million yen, increased by 23.2% from the FY2013.
In the electronics market, the smartphone market showed significant growth, although the business outlook was uncertain. In particular, the penetration of LTE* devices mainly in China and growing demand for smartphones contributed to an increase in the number of components and an expansion of the electronic components markets. Additionally, increased production of vehicles and advanced electrification contributed to an increase in demand for electronic components.
"I would like to thank our customers, business partners and all Murata employees for a successful year with record high demand for Murata's electronic components and solutions. We are honored by the trust our customers place in us, and we will strive to meet their expectations also in the future", said Tsuneo Murata, President, Murata Manufacturing Co., Ltd., "Going forward, we will maintain our strong commitment to mobile and automotive markets, but we will also accelerate our expansion to new markets and applications such as energy and healthcare."
Net sales: 1,043,542 million yen (up 23.2% from the previous fiscal year)
Operating income: 214,535 million yen (up 70.4% from the previous fiscal year)
Income before income taxes: 238,400 million yen (up 80.1% from the previous fiscal year)
Net income attributable to Murata Corporation: 167,711 million yen (up 80.0% from the previous fiscal year)
Projected financial results for the year ending March 31, 2016: 1,160,000 million yen
For more information please read Murata's Consolidated Financial Flash Report (March 31, 2015).
* LTE = Long-term evolution
Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, visit Murata's website at www.murata.com
Murata Manufacturing Co., Ltd.
Harumi Sekiguchi / Yoshihiko Takeda / Kyosaku Yoshikawa, +81 75 955 6786