Financials

Murata Manufacturing: FYE Mar 2026 and ten years of results (47 metrics)

FYE Mar 2026 · Revenue¥1.83tnYoY +5.0%

FYE Mar 2026 · Operating profit¥282bnYoY +0.8%

FYE Mar 2026 · Net profit¥234bnYoY +0.0%

FYE Mar 2026 · Equity ratio85.0%YoY −0.2pp

FYE Mar 2026 · Group employees74,302YoY +1,730

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥1.14tn	n/a	¥200bn	n/a	17.6%	¥156bn	Murata Tsuneo	—
FYE Mar 2018Consolidated	¥1.37tn	+20.8%	¥168bn	−16.3%	12.2%	¥146bn	Murata Tsuneo	Takes over Sony’s lithium-ion battery business
FYE Mar 2019Consolidated	¥1.58tn	+14.8%	¥267bn	+59.3%	17.0%	¥207bn	Murata Tsuneo	—
FYE Mar 2020Consolidated	¥1.53tn	−2.6%	¥254bn	−5.0%	16.6%	¥183bn	Murata Tsuneo	—
FYE Mar 2021Consolidated	¥1.63tn	+6.3%	¥316bn	+24.6%	19.4%	¥237bn	Murata Tsuneo	Norio Nakajima — first non-family president
FYE Mar 2022Consolidated	¥1.81tn	+11.2%	¥433bn	+36.8%	23.9%	¥314bn	Nakajima Norio	—
FYE Mar 2023Consolidated	¥1.69tn	−6.9%	¥298bn	−31.1%	17.7%	¥254bn	Nakajima Norio	Record sales and profit; moves to the TSE Prime market
FYE Mar 2024Consolidated	¥1.64tn	−2.8%	¥215bn	−27.8%	13.1%	¥181bn	Nakajima Norio	—
FYE Mar 2025Consolidated	¥1.74tn	+6.3%	¥280bn	+29.8%	16.0%	¥234bn	Nakajima Norio	Medium-term plan MTD2024 ends short of its value target
FYE Mar 2026Consolidated	¥1.83tn	+5.0%	¥282bn	+0.8%	15.4%	¥234bn	Nakajima Norio	Impairs the 2012 MEMS-sensor business (<span class="en-history_money" data-yen="10400000000" data-year="2025">$69.5M (¥10bn)</span>)

How it compares

TDK¥2.50tnFY2025Operating margin 10.9%

Murata Manufacturing¥1.83tnFY2025Operating margin 15.4%

Alps Alpine¥1.02tnFY2025Operating margin 4.1%Taiyo Yuden¥355bnFY2025Operating margin 5.6%Meiko¥241bnFY2025Operating margin 10.2%Japan Aviation Electronics Industry¥228bnFY2025Operating margin 3.9%Hirose Electric¥211bnFY2025Operating margin 20.4%

Mabuchi Motor¥200bnFY2025Operating margin 12.7%

NICHICON CORPORATION¥170bnFY2025Operating margin 3.8%

MARUWA¥74bnFY2025Operating margin 33.5%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Other operating costs Operating profit

Margins

Gross margin Operating margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥1.83tn

CAGR · 10 yrs +5.5%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	1,136	n/a	Cons. · US GAAP
FYE Mar 2018	1,372	+20.8%	Cons. · US GAAP
FYE Mar 2019	1,575	+14.8%	Cons. · US GAAP
FYE Mar 2020	1,534	−2.6%	Cons. · US GAAP
FYE Mar 2021	1,630	+6.3%	Cons. · US GAAP
FYE Mar 2022	1,813	+11.2%	Cons. · US GAAP
FYE Mar 2023	1,687	−6.9%	Cons. · US GAAP
FYE Mar 2024	1,640	moved to IFRS	Cons. · IFRS
FYE Mar 2025	1,743	+6.3%	Cons. · IFRS
FYE Mar 2026	1,831	+5.0%	Cons. · IFRS

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Mar 2026 ¥1.06tn

CAGR · 4 yrs +1.4%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	n/a	n/a	Cons. · US GAAP
FYE Mar 2021	n/a	n/a	Cons. · US GAAP
FYE Mar 2022	n/a	n/a	Cons. · US GAAP
FYE Mar 2023	1,013	n/a	Cons. · US GAAP
FYE Mar 2024	1,003	moved to IFRS	Cons. · IFRS
FYE Mar 2025	1,026	+2.2%	Cons. · IFRS
FYE Mar 2026	1,056	+3.0%	Cons. · IFRS

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Mar 2026 ¥775bn

CAGR · 4 yrs +4.8%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	n/a	n/a	Cons. · US GAAP
FYE Mar 2021	n/a	n/a	Cons. · US GAAP
FYE Mar 2022	n/a	n/a	Cons. · US GAAP
FYE Mar 2023	674	n/a	Cons. · US GAAP
FYE Mar 2024	637	moved to IFRS	Cons. · IFRS
FYE Mar 2025	718	+12.7%	Cons. · IFRS
FYE Mar 2026	775	+8.0%	Cons. · IFRS

Definition: What the product or service itself earns
Formula: Revenue − cost of sales
Source: Securities report (XBRL)

SG&A selling, general and administrative expenses

FYE Mar 2026 ¥297bn

CAGR · 4 yrs +5.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	n/a	n/a	Cons. · US GAAP
FYE Mar 2021	n/a	n/a	Cons. · US GAAP
FYE Mar 2022	n/a	n/a	Cons. · US GAAP
FYE Mar 2023	256	n/a	Cons. · US GAAP
FYE Mar 2024	243	moved to IFRS	Cons. · IFRS
FYE Mar 2025	278	+14.2%	Cons. · IFRS
FYE Mar 2026	297	+6.8%	Cons. · IFRS

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Mar 2026 ¥282bn

CAGR · 10 yrs +3.9%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	200	n/a	Cons. · US GAAP
FYE Mar 2018	168	−16.3%	Cons. · US GAAP
FYE Mar 2019	267	+59.3%	Cons. · US GAAP
FYE Mar 2020	254	−5.0%	Cons. · US GAAP
FYE Mar 2021	316	+24.6%	Cons. · US GAAP
FYE Mar 2022	433	+36.8%	Cons. · US GAAP
FYE Mar 2023	298	−31.1%	Cons. · US GAAP
FYE Mar 2024	215	moved to IFRS	Cons. · IFRS
FYE Mar 2025	280	+29.8%	Cons. · IFRS
FYE Mar 2026	282	+0.8%	Cons. · IFRS

Definition: What the core business earns
Formula: Gross profit − SG&A
Source: Securities report (XBRL)

Non-operating income

FYE Mar 2026 ¥30bn

CAGR · 4 yrs +56.7%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	n/a	n/a	Cons. · US GAAP
FYE Mar 2021	n/a	n/a	Cons. · US GAAP
FYE Mar 2022	n/a	n/a	Cons. · US GAAP
FYE Mar 2023	7.8	n/a	Cons. · US GAAP
FYE Mar 2024	28.4	moved to IFRS	Cons. · IFRS
FYE Mar 2025	29.4	+3.4%	Cons. · IFRS
FYE Mar 2026	30.0	+2.1%	Cons. · IFRS

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Mar 2026 ¥3.2bn

CAGR · 4 yrs −1.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	n/a	n/a	Cons. · US GAAP
FYE Mar 2021	n/a	n/a	Cons. · US GAAP
FYE Mar 2022	n/a	n/a	Cons. · US GAAP
FYE Mar 2023	3.3	n/a	Cons. · US GAAP
FYE Mar 2024	4.5	moved to IFRS	Cons. · IFRS
FYE Mar 2025	4.8	+6.9%	Cons. · IFRS
FYE Mar 2026	3.2	−33.2%	Cons. · IFRS

Definition: Costs arising outside the core business
Formula: Non-operating expenses line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥234bn

CAGR · 10 yrs +4.6%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	156	n/a	Cons. · US GAAP
FYE Mar 2018	146	−6.4%	Cons. · US GAAP
FYE Mar 2019	207	+41.6%	Cons. · US GAAP
FYE Mar 2020	183	−11.6%	Cons. · US GAAP
FYE Mar 2021	237	+29.5%	Cons. · US GAAP
FYE Mar 2022	314	+32.5%	Cons. · US GAAP
FYE Mar 2023	254	−19.2%	Cons. · US GAAP
FYE Mar 2024	181	moved to IFRS	Cons. · IFRS
FYE Mar 2025	234	+29.3%	Cons. · IFRS
FYE Mar 2026	234	−0.0%	Cons. · IFRS

Definition: What is left after tax
Formula: Pre-tax profit − income taxes
Source: Securities report (XBRL)

Gross margin

FYE Mar 2026 42.3%

Average · 4 yrs 40.6%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	n/a	n/a	Cons. · US GAAP
FYE Mar 2021	n/a	n/a	Cons. · US GAAP
FYE Mar 2022	n/a	n/a	Cons. · US GAAP
FYE Mar 2023	39.9	n/a	Cons. · US GAAP
FYE Mar 2024	38.8	moved to IFRS	Cons. · IFRS
FYE Mar 2025	41.2	+2.3pp	Cons. · IFRS
FYE Mar 2026	42.3	+1.2pp	Cons. · IFRS

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Mar 2026 15.4%

Average · 10 yrs 16.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	17.6	n/a	Cons. · US GAAP
FYE Mar 2018	12.2	−5.4pp	Cons. · US GAAP
FYE Mar 2019	17.0	+4.7pp	Cons. · US GAAP
FYE Mar 2020	16.6	−0.4pp	Cons. · US GAAP
FYE Mar 2021	19.4	+2.9pp	Cons. · US GAAP
FYE Mar 2022	23.9	+4.5pp	Cons. · US GAAP
FYE Mar 2023	17.7	−6.2pp	Cons. · US GAAP
FYE Mar 2024	13.1	moved to IFRS	Cons. · IFRS
FYE Mar 2025	16.0	+2.9pp	Cons. · IFRS
FYE Mar 2026	15.4	−0.7pp	Cons. · IFRS

Definition: The share of revenue the core business keeps
Formula: Operating profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Mar 2026 12.8%

Average · 10 yrs 13.4%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	13.7	n/a	Cons. · US GAAP
FYE Mar 2018	10.6	−3.1pp	Cons. · US GAAP
FYE Mar 2019	13.1	+2.5pp	Cons. · US GAAP
FYE Mar 2020	11.9	−1.2pp	Cons. · US GAAP
FYE Mar 2021	14.5	+2.6pp	Cons. · US GAAP
FYE Mar 2022	17.3	+2.8pp	Cons. · US GAAP
FYE Mar 2023	15.0	−2.3pp	Cons. · US GAAP
FYE Mar 2024	11.0	moved to IFRS	Cons. · IFRS
FYE Mar 2025	13.4	+2.4pp	Cons. · IFRS
FYE Mar 2026	12.8	−0.6pp	Cons. · IFRS

Definition: The share of revenue left after everything
Formula: Net profit ÷ revenue
Source: Securities report (XBRL)

Cost-of-sales ratio

FYE Mar 2026 57.7%

Average · 4 yrs 59.4%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	n/a	n/a	Cons. · US GAAP
FYE Mar 2021	n/a	n/a	Cons. · US GAAP
FYE Mar 2022	n/a	n/a	Cons. · US GAAP
FYE Mar 2023	60.1	n/a	Cons. · US GAAP
FYE Mar 2024	61.2	moved to IFRS	Cons. · IFRS
FYE Mar 2025	58.8	−2.3pp	Cons. · IFRS
FYE Mar 2026	57.7	−1.2pp	Cons. · IFRS

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Mar 2026 16.2%

Average · 4 yrs 15.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	n/a	n/a	Cons. · US GAAP
FYE Mar 2021	n/a	n/a	Cons. · US GAAP
FYE Mar 2022	n/a	n/a	Cons. · US GAAP
FYE Mar 2023	15.2	n/a	Cons. · US GAAP
FYE Mar 2024	14.8	moved to IFRS	Cons. · IFRS
FYE Mar 2025	15.9	+1.1pp	Cons. · IFRS
FYE Mar 2026	16.2	+0.3pp	Cons. · IFRS

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Mar 2026 ¥3.20tn

CAGR · 10 yrs +7.7%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	1,635	n/a	Cons. · US GAAP
FYE Mar 2018	1,797	+9.9%	Cons. · US GAAP
FYE Mar 2019	2,049	+14.0%	Cons. · US GAAP
FYE Mar 2020	2,250	+9.8%	Cons. · US GAAP
FYE Mar 2021	2,462	+9.4%	Cons. · US GAAP
FYE Mar 2022	2,809	+14.1%	Cons. · US GAAP
FYE Mar 2023	2,873	+2.3%	Cons. · US GAAP
FYE Mar 2024	3,038	moved to IFRS	Cons. · IFRS
FYE Mar 2025	3,028	−0.3%	Cons. · IFRS
FYE Mar 2026	3,199	+5.6%	Cons. · IFRS

Definition: Everything the company holds
Formula: Total assets line of the balance sheet
Source: Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Mar 2026 ¥2.72tn

CAGR · 10 yrs +8.1%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	1,355	n/a	Cons. · US GAAP
FYE Mar 2018	1,457	+7.5%	Cons. · US GAAP
FYE Mar 2019	1,604	+10.1%	Cons. · US GAAP
FYE Mar 2020	1,694	+5.6%	Cons. · US GAAP
FYE Mar 2021	1,921	+13.4%	Cons. · US GAAP
FYE Mar 2022	2,264	+17.8%	Cons. · US GAAP
FYE Mar 2023	2,403	+6.1%	Cons. · US GAAP
FYE Mar 2024	2,557	moved to IFRS	Cons. · IFRS
FYE Mar 2025	2,582	+1.0%	Cons. · IFRS
FYE Mar 2026	2,720	+5.3%	Cons. · IFRS

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Interest-bearing debt

FYE Mar 2026 ¥3.3bn

CAGR · 10 yrs −25.6%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	46.7	n/a	Cons. · US GAAP
FYE Mar 2018	14.2	−69.5%	Cons. · US GAAP
FYE Mar 2019	123	+766.5%	Cons. · US GAAP
FYE Mar 2020	201	+62.8%	Cons. · US GAAP
FYE Mar 2021	151	−25.0%	Cons. · US GAAP
FYE Mar 2022	111	−26.4%	Cons. · US GAAP
FYE Mar 2023	112	+0.9%	Cons. · US GAAP
FYE Mar 2024	52.8	moved to IFRS	Cons. · IFRS
FYE Mar 2025	2.4	−95.4%	Cons. · IFRS
FYE Mar 2026	3.3	+33.8%	Cons. · IFRS

Definition: Borrowings the company pays interest on
Formula: Loans + bonds + lease obligations
Source: Securities report (XBRL)

Short-term borrowings

FYE Mar 2026 ¥1.7bn

CAGR · 8 yrs −37.4%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	46.1	n/a	Cons. · US GAAP
FYE Mar 2018	13.5	−70.7%	Cons. · US GAAP
FYE Mar 2019	23.0	+70.4%	Cons. · US GAAP
FYE Mar 2020	51.0	+121.7%	Cons. · US GAAP
FYE Mar 2021	0.1	−99.8%	Cons. · US GAAP
FYE Mar 2022	n/a	n/a	Cons. · US GAAP
FYE Mar 2023	n/a	n/a	Cons. · US GAAP
FYE Mar 2024	60.5	moved to IFRS	Cons. · IFRS
FYE Mar 2025	50.4	−16.7%	Cons. · IFRS
FYE Mar 2026	1.7	−96.5%	Cons. · IFRS

Definition: Borrowings repayable within a year
Formula: Short-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Long-term borrowings

FYE Mar 2026 ¥1.5bn

CAGR · 10 yrs +12.0%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	0.5	n/a	Cons. · US GAAP
FYE Mar 2018	0.7	+36.1%	Cons. · US GAAP
FYE Mar 2019	0.6	−19.9%	Cons. · US GAAP
FYE Mar 2020	0.2	−65.2%	Cons. · US GAAP
FYE Mar 2021	0.8	+272.9%	Cons. · US GAAP
FYE Mar 2022	1.1	+39.6%	Cons. · US GAAP
FYE Mar 2023	1.5	+38.8%	Cons. · US GAAP
FYE Mar 2024	111	moved to IFRS	Cons. · IFRS
FYE Mar 2025	2.4	−97.8%	Cons. · IFRS
FYE Mar 2026	1.5	−37.8%	Cons. · IFRS

Definition: Borrowings repayable in more than a year
Formula: Long-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Bonds

FYE Mar 2026 n/a

CAGR · 5 yrs −15.9%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	99.8	n/a	Cons. · US GAAP
FYE Mar 2020	150	+50.0%	Cons. · US GAAP
FYE Mar 2021	150	−0.0%	Cons. · US GAAP
FYE Mar 2022	110	−26.7%	Cons. · US GAAP
FYE Mar 2023	50.0	−54.5%	Cons. · US GAAP
FYE Mar 2024	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

Definition: Bonds outstanding
Formula: Bonds line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥36bn

CAGR · 4 yrs −2.7%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	n/a	n/a	Cons. · US GAAP
FYE Mar 2021	n/a	n/a	Cons. · US GAAP
FYE Mar 2022	n/a	n/a	Cons. · US GAAP
FYE Mar 2023	39.4	n/a	Cons. · US GAAP
FYE Mar 2024	39.0	moved to IFRS	Cons. · IFRS
FYE Mar 2025	40.6	+4.1%	Cons. · IFRS
FYE Mar 2026	36.2	−10.9%	Cons. · IFRS

Definition: Assets with no physical form
Formula: Intangible assets line of the balance sheet
Source: Securities report (XBRL)

Goodwill

FYE Mar 2026 ¥99bn

CAGR · 4 yrs −6.9%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	n/a	n/a	Cons. · US GAAP
FYE Mar 2021	n/a	n/a	Cons. · US GAAP
FYE Mar 2022	n/a	n/a	Cons. · US GAAP
FYE Mar 2023	123	n/a	Cons. · US GAAP
FYE Mar 2024	137	moved to IFRS	Cons. · IFRS
FYE Mar 2025	136	−1.0%	Cons. · IFRS
FYE Mar 2026	99.5	−26.7%	Cons. · IFRS

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Mar 2026 85.0%

Average · 10 yrs 81.4%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	82.9	n/a	Cons. · US GAAP
FYE Mar 2018	81.1	−1.8pp	Cons. · US GAAP
FYE Mar 2019	78.3	−2.8pp	Cons. · US GAAP
FYE Mar 2020	75.3	−3.0pp	Cons. · US GAAP
FYE Mar 2021	78.0	+2.7pp	Cons. · US GAAP
FYE Mar 2022	80.6	+2.6pp	Cons. · US GAAP
FYE Mar 2023	83.6	+3.1pp	Cons. · US GAAP
FYE Mar 2024	84.2	moved to IFRS	Cons. · IFRS
FYE Mar 2025	85.3	+1.1pp	Cons. · IFRS
FYE Mar 2026	85.0	−0.2pp	Cons. · IFRS

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Mar 2026 0.1%

Average · 10 yrs 4.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	3.4	n/a	Cons. · US GAAP
FYE Mar 2018	1.0	−2.5pp	Cons. · US GAAP
FYE Mar 2019	7.7	+6.7pp	Cons. · US GAAP
FYE Mar 2020	11.9	+4.2pp	Cons. · US GAAP
FYE Mar 2021	7.8	−4.0pp	Cons. · US GAAP
FYE Mar 2022	4.9	−2.9pp	Cons. · US GAAP
FYE Mar 2023	4.7	−0.2pp	Cons. · US GAAP
FYE Mar 2024	2.1	moved to IFRS	Cons. · IFRS
FYE Mar 2025	0.1	−2.0pp	Cons. · IFRS
FYE Mar 2026	0.1	−0.0pp	Cons. · IFRS

Definition: Borrowings measured against the company's own capital
Formula: Interest-bearing debt ÷ equity
Source: Securities report (XBRL)

ROE return on equity

FYE Mar 2026 8.6%

Average · 10 yrs 10.7%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	11.5	n/a	Cons. · US GAAP
FYE Mar 2018	10.0	−1.5pp	Cons. · US GAAP
FYE Mar 2019	12.9	+2.9pp	Cons. · US GAAP
FYE Mar 2020	10.8	−2.1pp	Cons. · US GAAP
FYE Mar 2021	12.3	+1.5pp	Cons. · US GAAP
FYE Mar 2022	13.9	+1.5pp	Cons. · US GAAP
FYE Mar 2023	10.6	−3.3pp	Cons. · US GAAP
FYE Mar 2024	7.1	moved to IFRS	Cons. · IFRS
FYE Mar 2025	9.1	+2.0pp	Cons. · IFRS
FYE Mar 2026	8.6	−0.5pp	Cons. · IFRS

Definition: What the shareholders' capital earns
Formula: Net profit ÷ equity
Source: Securities report (XBRL)

ROA return on assets

FYE Mar 2026 7.3%

Average · 10 yrs 8.7%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	9.5	n/a	Cons. · US GAAP
FYE Mar 2018	8.1	−1.4pp	Cons. · US GAAP
FYE Mar 2019	10.1	+2.0pp	Cons. · US GAAP
FYE Mar 2020	8.1	−2.0pp	Cons. · US GAAP
FYE Mar 2021	9.6	+1.5pp	Cons. · US GAAP
FYE Mar 2022	11.2	+1.6pp	Cons. · US GAAP
FYE Mar 2023	8.8	−2.4pp	Cons. · US GAAP
FYE Mar 2024	6.0	moved to IFRS	Cons. · IFRS
FYE Mar 2025	7.7	+1.8pp	Cons. · IFRS
FYE Mar 2026	7.3	−0.4pp	Cons. · IFRS

Definition: What the whole balance sheet earns
Formula: Net profit ÷ total assets
Source: Securities report (XBRL)

Asset turnover

FYE Mar 2026 0.57×

CAGR · 10 yrs −2.1%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.69	n/a	Cons. · US GAAP
FYE Mar 2018	0.76	+9.9%	Cons. · US GAAP
FYE Mar 2019	0.77	+0.7%	Cons. · US GAAP
FYE Mar 2020	0.68	−11.3%	Cons. · US GAAP
FYE Mar 2021	0.66	−2.9%	Cons. · US GAAP
FYE Mar 2022	0.65	−2.5%	Cons. · US GAAP
FYE Mar 2023	0.59	−9.0%	Cons. · US GAAP
FYE Mar 2024	0.54	moved to IFRS	Cons. · IFRS
FYE Mar 2025	0.58	+6.6%	Cons. · IFRS
FYE Mar 2026	0.57	−0.6%	Cons. · IFRS

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Mar 2026 ¥425bn

CAGR · 10 yrs +6.4%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	244	n/a	Cons. · US GAAP
FYE Mar 2018	225	−7.7%	Cons. · US GAAP
FYE Mar 2019	280	+24.2%	Cons. · US GAAP
FYE Mar 2020	350	+25.2%	Cons. · US GAAP
FYE Mar 2021	374	+6.6%	Cons. · US GAAP
FYE Mar 2022	421	+12.8%	Cons. · US GAAP
FYE Mar 2023	276	−34.4%	Cons. · US GAAP
FYE Mar 2024	490	moved to IFRS	Cons. · IFRS
FYE Mar 2025	452	−7.7%	Cons. · IFRS
FYE Mar 2026	425	−5.9%	Cons. · IFRS

Definition: Cash the business itself generated
Formula: Cash flow from operating activities
Source: Securities report (XBRL)

Investing cash flow

FYE Mar 2026 -¥194bn

Average · 10 yrs -¥211bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-203	n/a	Cons. · US GAAP
FYE Mar 2018	-194	n/a	Cons. · US GAAP
FYE Mar 2019	-304	n/a	Cons. · US GAAP
FYE Mar 2020	-284	n/a	Cons. · US GAAP
FYE Mar 2021	-150	n/a	Cons. · US GAAP
FYE Mar 2022	-212	n/a	Cons. · US GAAP
FYE Mar 2023	-158	n/a	Cons. · US GAAP
FYE Mar 2024	-202	moved to IFRS	Cons. · IFRS
FYE Mar 2025	-208	n/a	Cons. · IFRS
FYE Mar 2026	-194	n/a	Cons. · IFRS

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Mar 2026 -¥222bn

Average · 10 yrs -¥107bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-11.7	n/a	Cons. · US GAAP
FYE Mar 2018	-83.6	n/a	Cons. · US GAAP
FYE Mar 2019	51.5	n/a	Cons. · US GAAP
FYE Mar 2020	17.7	−65.8%	Cons. · US GAAP
FYE Mar 2021	-118	−769.6%	Cons. · US GAAP
FYE Mar 2022	-118	n/a	Cons. · US GAAP
FYE Mar 2023	-174	n/a	Cons. · US GAAP
FYE Mar 2024	-165	moved to IFRS	Cons. · IFRS
FYE Mar 2025	-243	n/a	Cons. · IFRS
FYE Mar 2026	-222	n/a	Cons. · IFRS

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Mar 2026 ¥654bn

CAGR · 10 yrs +11.8%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	239	n/a	Cons. · US GAAP
FYE Mar 2018	188	−21.4%	Cons. · US GAAP
FYE Mar 2019	218	+15.9%	Cons. · US GAAP
FYE Mar 2020	302	+38.8%	Cons. · US GAAP
FYE Mar 2021	408	+34.9%	Cons. · US GAAP
FYE Mar 2022	512	+25.6%	Cons. · US GAAP
FYE Mar 2023	469	−8.3%	Cons. · US GAAP
FYE Mar 2024	622	moved to IFRS	Cons. · IFRS
FYE Mar 2025	625	+0.5%	Cons. · IFRS
FYE Mar 2026	654	+4.6%	Cons. · IFRS

Definition: Cash on hand at the year end
Formula: Closing balance in the cash flow statement
Source: Securities report (XBRL)

Free cash flow

FYE Mar 2026 ¥231bn

CAGR · 10 yrs +21.1%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	41.2	n/a	Cons. · US GAAP
FYE Mar 2018	31.1	−24.6%	Cons. · US GAAP
FYE Mar 2019	-23.9	−176.9%	Cons. · US GAAP
FYE Mar 2020	65.9	n/a	Cons. · US GAAP
FYE Mar 2021	223	+238.8%	Cons. · US GAAP
FYE Mar 2022	209	−6.3%	Cons. · US GAAP
FYE Mar 2023	118	−43.4%	Cons. · US GAAP
FYE Mar 2024	288	moved to IFRS	Cons. · IFRS
FYE Mar 2025	244	−15.4%	Cons. · IFRS
FYE Mar 2026	231	−5.1%	Cons. · IFRS

Definition: What is left once the business has paid for its own investment
Formula: Operating cash flow + investing cash flow
Source: Securities report (XBRL)

Operating cash flow margin

FYE Mar 2026 23.2%

Average · 10 yrs 22.0%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	21.5	n/a	Cons. · US GAAP
FYE Mar 2018	16.4	−5.1pp	Cons. · US GAAP
FYE Mar 2019	17.8	+1.3pp	Cons. · US GAAP
FYE Mar 2020	22.8	+5.1pp	Cons. · US GAAP
FYE Mar 2021	22.9	+0.1pp	Cons. · US GAAP
FYE Mar 2022	23.3	+0.3pp	Cons. · US GAAP
FYE Mar 2023	16.4	−6.9pp	Cons. · US GAAP
FYE Mar 2024	29.9	moved to IFRS	Cons. · IFRS
FYE Mar 2025	25.9	−3.9pp	Cons. · IFRS
FYE Mar 2026	23.2	−2.7pp	Cons. · IFRS

Definition: How much of the revenue turned into cash
Formula: Operating cash flow ÷ revenue
Source: Securities report (XBRL)

Net cash

FYE Mar 2026 ¥650bn

CAGR · 10 yrs +14.5%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	193	n/a	Cons. · US GAAP
FYE Mar 2018	174	−9.8%	Cons. · US GAAP
FYE Mar 2019	94.4	−45.6%	Cons. · US GAAP
FYE Mar 2020	101	+7.4%	Cons. · US GAAP
FYE Mar 2021	257	+153.6%	Cons. · US GAAP
FYE Mar 2022	401	+56.1%	Cons. · US GAAP
FYE Mar 2023	357	−10.9%	Cons. · US GAAP
FYE Mar 2024	569	moved to IFRS	Cons. · IFRS
FYE Mar 2025	623	+9.4%	Cons. · IFRS
FYE Mar 2026	650	+4.5%	Cons. · IFRS

Definition: Cash on hand once the borrowings are paid off
Formula: Cash and equivalents − interest-bearing debt
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Mar 2026 ¥6.69tn

Change · 10 yrs +¥3.12tn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	3,567	n/a
FYE Mar 2018	3,282	n/a
FYE Mar 2019	3,725	n/a
FYE Mar 2020	3,698	n/a
FYE Mar 2021	5,974	n/a
FYE Mar 2022	5,485	n/a
FYE Mar 2023	5,433	n/a
FYE Mar 2024	5,725	n/a
FYE Mar 2025	4,525	n/a
FYE Mar 2026	6,691	n/a

Definition: What the market says the company is worth
Formula: Year-end share price × shares outstanding
Source: Securities report (XBRL)

Share price year-end close

FYE Mar 2026 3,409¥

Change · 10 yrs −12,428¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	15,837	n/a
FYE Mar 2018	14,568	n/a
FYE Mar 2019	16,535	n/a
FYE Mar 2020	5,472	n/a
FYE Mar 2021	8,840	n/a
FYE Mar 2022	8,115	n/a
FYE Mar 2023	8,039	n/a
FYE Mar 2024	2,824	n/a
FYE Mar 2025	2,305	n/a
FYE Mar 2026	3,409	n/a

Definition: The closing price on the last day of the fiscal year
Formula: Year-end closing price
Source: Securities report (XBRL)

Shares outstanding

FYE Mar 2026 1,963,001,000shares

Change · 10 yrs +1,737,738,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	225,263,000	Parent
FYE Mar 2018	225,271,000	Parent
FYE Mar 2019	225,271,000	Parent
FYE Mar 2020	675,814,000	Parent
FYE Mar 2021	675,814,000	Parent
FYE Mar 2022	675,814,000	Parent
FYE Mar 2023	675,814,000	Parent
FYE Mar 2024	2,027,442,000	Parent
FYE Mar 2025	1,963,001,000	Parent
FYE Mar 2026	1,963,001,000	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

EPS earnings per share

FYE Mar 2026 127.66¥

Change · 10 yrs −116.96¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	244.62	Cons.
FYE Mar 2018	228.62	Cons.
FYE Mar 2019	323.45	Cons.
FYE Mar 2020	95.35	Cons.
FYE Mar 2021	123.50	Cons.
FYE Mar 2022	163.65	Cons.
FYE Mar 2023	128.64	Cons.
FYE Mar 2024	95.72	Cons.
FYE Mar 2025	125.08	Cons.
FYE Mar 2026	127.66	Cons.

Definition: Net profit for each share
Formula: Net profit ÷ average shares outstanding
Source: Securities report (XBRL)

BPS book value per share

FYE Mar 2026 1,385.47¥

Change · 10 yrs −4,628.92¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	6,014.39	Cons. · US GAAP
FYE Mar 2018	6,465.99	Cons. · US GAAP
FYE Mar 2019	7,120.21	Cons. · US GAAP
FYE Mar 2020	2,506.76	Cons. · US GAAP
FYE Mar 2021	2,842.21	Cons. · US GAAP
FYE Mar 2022	3,349.44	Cons. · US GAAP
FYE Mar 2023	3,554.99	Cons. · US GAAP
FYE Mar 2024	1,261.04	Cons. · IFRS
FYE Mar 2025	1,315.15	Cons. · IFRS
FYE Mar 2026	1,385.47	Cons. · IFRS

Definition: Equity behind each share
Formula: Equity ÷ shares outstanding
Source: Securities report (XBRL)

PER price-to-earnings ratio

FYE Mar 2026 26.70×

Average · 10 yrs 21.48×

Fiscal year	PER ×	Basis
FYE Mar 2017	21.58	Cons.
FYE Mar 2018	21.24	Cons.
FYE Mar 2019	17.04	Cons.
FYE Mar 2020	19.13	Cons.
FYE Mar 2021	23.86	Cons.
FYE Mar 2022	16.53	Cons.
FYE Mar 2023	20.83	Cons.
FYE Mar 2024	29.50	Cons.
FYE Mar 2025	18.43	Cons.
FYE Mar 2026	26.70	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Mar 2026 2.28×

Average · 10 yrs 2.23×

Fiscal year	PBR ×	Basis
FYE Mar 2017	2.49	Cons.
FYE Mar 2018	2.13	Cons.
FYE Mar 2019	2.20	Cons.
FYE Mar 2020	2.07	Cons.
FYE Mar 2021	2.94	Cons.
FYE Mar 2022	2.32	Cons.
FYE Mar 2023	2.14	Cons.
FYE Mar 2024	2.09	Cons.
FYE Mar 2025	1.66	Cons.
FYE Mar 2026	2.28	Cons.

Definition: The price measured against the book value behind it
Formula: Year-end price ÷ BPS
Source: Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Mar 2026 74,302people

Change · 10 yrs +14,317 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	59,985	n/a	Cons.
FYE Mar 2018	75,326	+25.6%	Cons.
FYE Mar 2019	77,571	+3.0%	Cons.
FYE Mar 2020	74,109	−4.5%	Cons.
FYE Mar 2021	75,184	+1.5%	Cons.
FYE Mar 2022	77,581	+3.2%	Cons.
FYE Mar 2023	73,164	−5.7%	Cons.
FYE Mar 2024	73,165	−0.0%	Cons.
FYE Mar 2025	72,572	−0.8%	Cons.
FYE Mar 2026	74,302	+2.4%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Mar 2026 11,174people

Change · 10 yrs +3,275 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	7,899	n/a	Parent
FYE Mar 2018	8,385	+6.2%	Parent
FYE Mar 2019	8,783	+4.7%	Parent
FYE Mar 2020	9,199	+4.7%	Parent
FYE Mar 2021	9,528	+3.6%	Parent
FYE Mar 2022	9,771	+2.6%	Parent
FYE Mar 2023	10,089	+3.3%	Parent
FYE Mar 2024	10,401	+3.1%	Parent
FYE Mar 2025	10,865	+4.5%	Parent
FYE Mar 2026	11,174	+2.8%	Parent

Definition: Employees of the filing company itself
Formula: Parent-only headcount, from the employee section of the filing
Source: Securities report (XBRL)

Average annual pay parent company

FYE Mar 2026 ¥8.4m

Change · 10 yrs +¥0.8m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	7.6	n/a	Parent
FYE Mar 2018	7.4	−1.8%	Parent
FYE Mar 2019	7.4	−0.2%	Parent
FYE Mar 2020	7.2	−2.5%	Parent
FYE Mar 2021	7.3	+1.0%	Parent
FYE Mar 2022	8.0	+9.1%	Parent
FYE Mar 2023	8.0	+0.7%	Parent
FYE Mar 2024	7.6	−5.3%	Parent
FYE Mar 2025	8.0	+5.6%	Parent
FYE Mar 2026	8.4	+4.4%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Mar 2026 40.5years

Change · 8 yrs +0.5 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	40.0	n/a	Parent
FYE Mar 2020	41.0	+2.5%	Parent
FYE Mar 2021	40.1	−2.2%	Parent
FYE Mar 2022	40.1	−0.0%	Parent
FYE Mar 2023	40.1	−0.0%	Parent
FYE Mar 2024	39.9	−0.5%	Parent
FYE Mar 2025	40.1	+0.5%	Parent
FYE Mar 2026	40.5	+1.0%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Mar 2026 14.4years

Change · 10 yrs −0.2 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	14.6	n/a	Parent
FYE Mar 2018	14.4	−1.4%	Parent
FYE Mar 2019	14.1	−2.1%	Parent
FYE Mar 2020	14.9	+5.7%	Parent
FYE Mar 2021	14.7	−1.3%	Parent
FYE Mar 2022	14.3	−2.7%	Parent
FYE Mar 2023	14.1	−1.4%	Parent
FYE Mar 2024	13.9	−1.4%	Parent
FYE Mar 2025	14.1	+1.4%	Parent
FYE Mar 2026	14.4	+2.1%	Parent

Definition: How long the average employee has been with the company
Formula: Average years of service, from the employee section of the filing
Source: Securities report (XBRL)

Revenue per employee

FYE Mar 2026 ¥24.6m

Change · 10 yrs +¥5.7m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	18.9	n/a	Cons.
FYE Mar 2018	18.2	−3.8%	Cons.
FYE Mar 2019	20.3	+11.5%	Cons.
FYE Mar 2020	20.7	+1.9%	Cons.
FYE Mar 2021	21.7	+4.7%	Cons.
FYE Mar 2022	23.4	+7.7%	Cons.
FYE Mar 2023	23.1	−1.3%	Cons.
FYE Mar 2024	22.4	n/a	Cons.
FYE Mar 2025	24.0	+7.2%	Cons.
FYE Mar 2026	24.6	+2.6%	Cons.

Definition: What each employee accounts for in revenue
Formula: Revenue ÷ group employees
Source: Securities report (XBRL)

Operating profit per employee

FYE Mar 2026 ¥3.8m

Change · 10 yrs +¥0.5m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.3	n/a	Cons.
FYE Mar 2018	2.2	−33.3%	Cons.
FYE Mar 2019	3.4	+54.7%	Cons.
FYE Mar 2020	3.4	−0.5%	Cons.
FYE Mar 2021	4.2	+22.8%	Cons.
FYE Mar 2022	5.6	+32.5%	Cons.
FYE Mar 2023	4.1	−26.9%	Cons.
FYE Mar 2024	2.9	n/a	Cons.
FYE Mar 2025	3.9	+30.9%	Cons.
FYE Mar 2026	3.8	−1.6%	Cons.

Definition: What each employee accounts for in operating profit
Formula: Operating profit ÷ group employees
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

Murata Manufacturing’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/6981/company.json ·/api/6981/history.json ·/api/6981/ceo.json ·/api/6981/financials.json ·/api/6981/financials/segment.json ·/api/6981/financials/pl.json ·/api/6981/financials/cf.json ·/api/6981/financials/bs.json ·/api/6981/financials/employee.json ·/api/6981/financials/stock.json ·/api/6981/financials.csv ·/api/6981/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json