Capacitors

Main products

Multilayer ceramic capacitors (MLCCs)

Employed in mobile equipment, home appliances, IoT devices, and more, MLCCs can temporarily store and discharge electricity, absorb noise in signals, extract signals with certain frequencies, and block direct current and pass alternating current only. MLCCs are also used for applications for which high reliability is required, including automotive, medical, and aerospace equipment.

Business opportunities	Strengths
Increased demand for components due to 5G and advancements in automobile electrification	Extensive product lineup / high market share Technological capabilities and monozukuri strength that enable small, high-performance products, ensure reliability and high quality Worldwide sales network and the largest supply capacity in the industry Profitability based on integrated manufacturing systems from materials to finished products

Growth strategies

① Increase production capacity to meet growing demand for components

Demand for components is expected to continue to increase in the communications and mobility markets. We will further expand the scale of our operations by leveraging our competitive advantage of having the largest production capacity in the industry.

② Plan and execute growth scenarios based on risks such as the rise of competitors

In the MLCC market, which is expected to grow in the future, competition with existing competitors is expected to intensify. We aim to achieve sustainable business growth by paying attention to the competitive environment.

③ Continue to maintain the top market share through continuous innovation and our global sales network

Murata’s share of the MLCC market is 40%, with a high share of 50% in the automotive market, which is expected to grow in the future. We will maintain and improve our market position by further strengthening the competitive advantages we have cultivated to date.

<Progress with growth strategies> Establishment of joint venture with Ishihara Sangyo Kaisha, Ltd. and Fuji Titanium Industry Co., Ltd.

We have set up a three-way joint venture with Fuji Titanium Industry Co., Ltd., one of our suppliers of barium titanate, a material used on MLCCs, and its parent company, Ishihara Sangyo Kaisha, Ltd. Demand for MLCCs is expected to continue to grow against the backdrop of rapid advances in IT devices and the electrification of automobiles, and we believe that a stable supply structure, starting from materials, is essential. As such, we have positioned the launch of this joint venture as a key measure for stabilizing our supply chain.