Murata Manufacturing Co (JP:6981) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Murata Manufacturing Co. reported a significant boost in its financial performance for the first half of FY2024, with revenue reaching 883.5 billion yen, a 9.0% increase year-on-year, and operating profit rising by 13.9%. This growth was driven by increased sales of capacitors, high-frequency modules, and multilayer resin substrates, bolstered by a weaker yen. Despite efforts to reduce inventories, the company’s revenue and profits surpassed forecasts, although full-year projections remain unchanged.
For further insights into JP:6981 stock, check out TipRanks’ Stock Analysis page.
