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Murata Manufacturing, Net Income Forecast for the Fiscal Year Revised Upward by 24%

Fri Oct 31, 2025 2:00 pm JST Earnings

6981 Murata Manufacturing Co.,Ltd. 【IFRS】

Earnings Report

Murata Manufacturing Co.,Ltd. <6981> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on October 31st (14:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 132 billion yen, a 1.6% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 27.9% decrease.

In addition, the full-year forecast for consolidated net income has been revised upward 24.3%, from the previous forecast of 177 billion yen to 220 billion yen (compared to 233 billion yen in the previous period), and the declining rate is expected to decrease from 24.3% to 5.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease 15.3% from the same period last year to 87.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew 29.3% from the same period last year, reaching 82.6 billion yen. The operating profit margin rose from 19.9% in the same period last year to 21.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 810,350 138,922 161,224 125,153 66.3 67.3 Oct 31, 2023 IFRS
Apr - Sep, 2024 883,481 158,172 164,029 130,320 69.5 53.9 Nov 1, 2024 IFRS
Apr - Sep, 2025 902,778 165,136 174,782 132,379 71.8 60.3 Oct 31, 2025 IFRS
YoY +2.2% +4.4% +6.6% +1.6% +3.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 830,000 117,000 122,000 94,000 51.2 30 Apr 30, 2025 IFRS
Apr - Sep, 2025 Results 902,778 165,136 174,782 132,379 71.8 30 Oct 31, 2025 IFRS
Revision Rate +8.8% +41.1% +43.3% +40.8% +40.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,640,000 220,000 230,000 177,000 97.2 60 Apr 30, 2025 IFRS
Mar, 2026 New 1,740,000 280,000 290,000 220,000 120.9 60 Oct 31, 2025 IFRS
Revision Rate +6.1% +27.3% +26.1% +24.3% +24.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 859,871 121,530 140,375 103,498 55.4 30 Apr 30, 2025 IFRS
Oct - Mar, 2025 Guidance 837,222 114,864 115,218 87,621 48.1 30 Oct 31, 2025 IFRS
YoY -2.6% -5.5% -17.9% -15.3% -13.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,640,158 215,447 239,404 180,838 95.7 52 Apr 26, 2024 IFRS
Mar, 2025 1,743,352 279,702 304,404 233,818 125.1 57 Apr 30, 2025 IFRS
Mar, 2026 Guidance 1,740,000 280,000 290,000 220,000 120.9 60 Oct 31, 2025 IFRS
YoY -0.2% +0.1% -4.7% -5.9% -3.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 461,774 91,797 80,463 63,955 34.1 19.9 Nov 1, 2024 IFRS
Oct - Dec, 2024 448,008 75,989 104,528 71,002 37.9 17.0 Feb 3, 2025 IFRS
Jan - Mar, 2025 411,863 45,541 35,847 32,496 17.4 11.1 Apr 30, 2025 IFRS
Apr - Jun, 2025 416,154 61,621 62,322 49,714 26.8 14.8 Jul 30, 2025 IFRS
Jul - Sep, 2025 486,624 103,515 112,460 82,665 44.8 21.3 Oct 31, 2025 IFRS
YoY +5.4% +12.8% +39.8% +29.3% +31.5%

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