Notice of Closure of Saitama Murata Manufacturing Co., Ltd.’s (Formerly: TOKO, INC.) Production Subsidiaries

NewsArticleTitle

12/12/2019

Murata Manufacturing Co., Ltd.
Chairman of the Board and President:
Tsuneo Murata

Saitama Murata Manufacturing (formerly: TOKO, INC.), a wholly-owned subsidiary of Murata Manufacturing Co., Ltd. (hereafter: the Company), is ceasing production at its production subsidiaries Shantou S.E.Z. Huajian Electronics and Hua Jiuh Technology by the end of 2019.

Saitama Murata Manufacturing Group (formerly: TOKO Group) has contributed primarily to the development of the telecommunications market through its design and production of coil products, but due to a diversification of market needs in major markets such as the smartphone market in recent years, an acceleration of the development cycle, and intensifying competition with overseas manufacturers, it is facing a difficult business environment. Shantou S.E.Z. Huajian Electronics and Hua Jiuh Technology in particular are experiencing factors such as decreased demand and intensifying price competition, and the Company has decided to end production at these subsidiaries and close them. Hereafter, the entire Saitama Murata Manufacturing Group will strive to build stronger production and management structures.

The impact on the Company’s performance this fiscal year due to the closing of these production subsidiaries is negligible.

 

Saitama Murata Manufacturing summary

Name
Saitama Murata Manufacturing Co., Ltd.
Location
Tsurugashima City, Saitama Prefecture
Founded on
August 9, 1955
Capital
100 million yen
Major shareholder
Murata Manufacturing Co., Ltd. (100%)

 

Shantou S.E.Z. Huajian Electronics summary

 

Name  Shantou S.E.Z. Huajian Electronics Co., Ltd.
Location
Shantou City, Guangdong Province
Founded on
April 1, 1991
Capital
103.835 million HKD
Major shareholder
Saitama Murata Manufacturing 100% (71.4% held indirectly)

 

Hua Jiuh Technology summary

 

Name  Shantou Hua Jiuh Technology Co., Ltd.
Location
Shantou City, Guangdong Province
Founded on
September 20, 2000
Capital
19.1 million USD
Major shareholder
Saitama Murata Manufacturing 100% (44.5% held indirectly)

 

 


Murata in Brief

Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, visit Murata's website at www.murata.com