Murata announces record high results for FY2014

Murata Manufacturing (Murata) (TOKYO: 6981) (ISIN: JP3914400001), a global leader in advanced electronic components and solutions, today announced record high financial results for the fiscal year 2014 that ended on 31 March 2015. Net sales reached 1 043 542 million yen, increased by 23.2% from the FY2013.

In the electronics market, the smartphone market showed significant growth, although the business outlook was uncertain. In particular, the penetration of LTE* devices mainly in China and growing demand for smartphones contributed to an increase in the number of components and an expansion of the electronic components markets. Additionally, increased production of vehicles and advanced electrification contributed to an increase in demand for electronic components.

"I would like to thank our customers, business partners and all Murata employees for a successful year with record high demand for Murata's electronic components and solutions. We are honoured by the trust our customers place in us, and we will strive to meet their expectations also in the future," said Tsuneo Murata, President, Murata Manufacturing. "Going forward, we will maintain our strong commitment to mobile and automotive markets, but we will also accelerate our expansion to new markets and applications such as energy and healthcare."

Key figures

* Net sales: 1 043 542 million yen (up 23.2% from the previous fiscal year)
* Operating income: 214 535 million yen (up 70.4% from the previous fiscal year)
* Income before income taxes: 238 400 million yen (up 80.1% from the previous fiscal year)
* Net income attributable to Murata Corporation: 167 711 million yen (up 80% from the previous fiscal year)
* Projected financial results for the year ending 31 March 2016: 1 160 000 million yen.

For more information, please read Murata's Consolidated Financial Flash Report (31 March 2015).

* LTE = Long-term evolution