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Murata Manufacturing (6981) investor relations material
Murata Manufacturing Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 revenue rose 20.8% YoY to ¥1,090,764 million; operating profit increased 48.9% to ¥245,907 million and parent-attributable profit rose 40.6% to ¥186,152 million.
Data-center demand, higher production and utilization, and yen depreciation drove growth; higher fixed costs, lower selling prices, and declines in multilayer resin substrates and smartphone high-frequency modules partly offset gains.
Financial highlights
H1 profit before tax rose 42.1% to ¥248,415 million; basic EPS was ¥102.43, versus ¥71.77 a year earlier.
Q2 revenue was ¥588,500 million and operating profit ¥147,453 million, up 20.9% and 42.4% YoY; both rose 17.2% and 49.8% QoQ, respectively.
H1 operating cash flow was ¥215,455 million, free cash flow ¥102.9B, and period-end cash and equivalents ¥600.6B.
H1 one-time items totaled a net +¥2B: +¥4B from U.S. tariff impacts, including refunds, offset by ¥2B in power-module project-cancellation losses.
Outlook and guidance
Full-year guidance: revenue ¥2,260,000 million, operating profit ¥520,000 million, profit before tax ¥532,000 million, and parent-attributable profit ¥396,000 million.
Versus July, revenue guidance rose ¥150B (+7.1%) and operating profit ¥90B (+20.9%); projected post-tax ROIC increased from 13.9% to 16.6%.
H2 revenue and operating profit are forecast at ¥1,169.2B and ¥274.1B; the assumed exchange rate from Q3 onward is ¥155 per U.S. dollar.
Annual dividend guidance is ¥70 per share, unchanged from the prior forecast; the planned ¥150B share repurchase remains on track.
- Record Q1 revenue and profit driven by data center and mobility demand; outlook revised up.6981
Q1 2027 - Record revenue and profit growth driven by data center and AI demand, with robust outlook.6981
Q4 2026 - Revenue up, profit down on impairment; sales outlook raised, profit forecast cut.6981
Q3 2026 - Upward revision to FY2025 outlook as AI server and automotive demand drive profit growth.6981
Q2 2026 - Profitability fell on weaker smartphone demand and yen strength, but AI server and automotive sales grew.6981
Q1 2026 - Aims for global No. 1 in components by 2027 through AI, sustainability, and innovation.6981
Investor Presentation - Revenue and profit grew strongly, led by components and IT demand, with robust financials.6981
Q2 2025 - Revenue and profit surged on strong demand and favorable currency, with positive full-year outlook.6981
Q1 2025 - Profit jumped, but next year's outlook is weak due to currency and smartphone headwinds.6981
Q4 2025
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Next Murata Manufacturing earnings date
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