Presentation Q&A

Q: What are your strategies for the sales promotion of I.H.P. SAW filters?

A: We started shipping Band 25-compatible I.H.P. SAW filters for discrete components in early November. Going forward we will expand the product lineup for discrete components, while at the same time developing products for modules. 

Back to top

A: Since vehicle-to-vehicle/road-to-vehicle (V2X) applications require software resources, we provide domestic customers direct support all the way to software development. To facilitate overseas customers, we work with outside partners that can provide software support. 

Back to top

A: A multilayered resin substrate now finds use mainly in smartphones. In antenna and cable applications, it has already achieved good sales, and also allows for more efficient use of circuit area since it can even integrate parts. We expect to expand its sales in a broad range of new applications. Its excellent radio frequency characteristics make it suitable for not only smartphones, but also tablets. Its high resistance to moisture will likely open up applications that require stable characteristics. 

Back to top

A: The increasing functional sophistication of smartphones is helping to downsize and increase the capacity of MLCCs. Total capacity per phone is also on the increase mainly in high-end products. We expect that MLCC's for smartphones will be even more miniaturized and increase capacity by 2018, helping to push up total demand for MLCCs. 

Back to top

A: IPDiA is a silicon capacitor manufacturer. We purchased the French company to obtain silicon capacitors featuring heat resistance, low profiles, compact size, and high capacity. The aim was to develop medical applications. The purchase of Primatec, a producer of resin sheets for use in a multilayered resin substrate, was aimed at the vertical integration of a multilayered resin substrate operation. 

Back to top

A: The ratio declines partly because this fiscal year happens to coincide with a drop-off period for new products and partly because we failed to win communication module orders for smartphone. Next fiscal year, we anticipate a figure considerably close to the 40% level, to which new MLCC products will likely to contribute. 

Back to top

A: MLCCs for automotive use see not only growth in the number of vehicles in which they are used, but an increase in the number of MLCCs per vehicle due to the growth of products for infotainment and the progress in electric vehicle (EV) technology. On the supply side, this will lead to larger product sizes, increasing the load on production. We will enhance our manufacturing capability accordingly. In the EV field, the film capacitor we work on at a joint venture with Shizuki Electric is also used to smooth out the voltage of the current flowing into inverters. We also aim to win demand arising from such applications.

Back to top

This Q&A contains forward-looking statements concerning Murata Manufacturing Co., Ltd. and its group companies' projections, plans, policies, strategies, schedules, and decisions. These forward-looking statements are not historical facts; rather, they represent the assumptions of the Murata Group (the "Group") based on information currently available and certain assumptions we deem as reasonable. Actual results may differ materially from expectations due to various risks and uncertainties. Readers are therefore requested not to rely on these forward-looking statements as the sole basis for evaluating the Group. The Company has no obligation to revise any of the forward-looking statements as a result of new information, future events or otherwise.

Risks and uncertainties that may affect actual results include, but are not limited to, the following:

1.economic conditions of the Company's business environment, and trends, supply-demand balance, and price fluctuations in the markets for electronic devices and components
2.price fluctuations and insufficient supply of raw materials
3.exchange rate fluctuations
4.the Group's ability to provide a stable supply of new products that are compatible with the rapid technical innovation of the electronic components market and to continue to design and develop products and services that satisfy customers
5.changes in the market value of the Group's financial assets
6.drastic legal, political, and social changes in the Group's business environment; and
7.other uncertainties and contingencies.

The Company undertakes no obligation to publicly update any forward-looking statements included in this Q&A.