Murata Manufacturing Co ( (JP:6981) ) just unveiled an update.
Murata Manufacturing Co., Ltd. reported a 6.3% increase in revenue for FY2024, driven by strong demand for capacitors in servers and mobility, and multilayer resin substrates in smartphones. Despite a 29.8% rise in operating profit due to improved capacity utilization and cost reductions, the company faced challenges from a weak yen, lower capacity utilization, and one-time expenses, impacting their forecast. Shareholders will receive a year-end dividend of 30 yen per share, reflecting an increase from previous forecasts.
More about Murata Manufacturing Co
Murata Manufacturing Co., Ltd. operates in the electronics industry, specializing in the production of electronic components such as capacitors and multilayer resin substrates, with a focus on serving markets like servers, mobility, and smartphones.
YTD Price Performance: -20.14%
Average Trading Volume: 8,796
Technical Sentiment Signal: Buy
Current Market Cap: $28.19B
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