Murata Manufacturing Co (JP:6981) has released an update.
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.
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