Presentation Q&A

Q: How much production capacity increase of major products do you plan for this fiscal year? Furthermore, how much capacity ratio and inventory level do you plan for coming high demand?

A: We plan to raise the production capacity of MLCCs by 5% mainly for ultra-compact and high-capacitance MLCCs in the first half of this fiscal year. We have not decided the expansion plan of production capacity in the second half, but we will sooner decide assessing the market demand. By product, we have plan to raise capacity of SAW filters by 20% in the first half owing to getting stringent of SAW filters' supply and demand. Regarding inventory, we plan to increase by 3 billion yen in the first half for the peak demand of this fiscal year and by 5 billion yen in the second half for the demand of next fiscal year.

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A: It is difficult to measure the impact because our business is through distributor, but we expect significant growth of the sales in this market. Even though sales per unit of these devices in China may be lower than high-end devices, we try to get orders for the demand unfailingly.

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A: Yes, we expect it will be increased. Additionally, we expect to expand demands of high value added communication modules.

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A: As based on 27 operating days per month, the capacity ratio of MLCCs was 90% in the 12Q4. We also expect the same 90% in fiscal year 2013. Although the capacity ratio of the general-purpose MLCCs are low, the ratio of the leading edge products such as ultra-compact and high-capacitance products are full operation continuously. The ratio of company overall based on 20 operating days per month was 97% in the 12Q4 and will be over 100% in the fiscal year 2013.

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A: It was not included in our original forecast.

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A: The order intake in January was expanded taking into account order intake for Chinese new year. Hence, the order intake in February decreased because of the impact of the January. The order intake in March was higher up 10 to 15% than January. As consequence, in terms of order intake by application in 12Q4, order from the communication market maintained peak level. Order from distributors was also good. All application except AV increased.

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A: Order intake from communication and computer and peripherals continuously keep high level as well as the last month.

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A: We estimate based on customers' production forecast. We don't use demands by region.

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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.