Murata Manufacturing Co (JP:6981) has released an update.
Murata Manufacturing Co. reported a significant boost in its financial performance for the first half of FY2024, with revenue reaching 883.5 billion yen, a 9.0% increase year-on-year, and operating profit rising by 13.9%. This growth was driven by increased sales of capacitors, high-frequency modules, and multilayer resin substrates, bolstered by a weaker yen. Despite efforts to reduce inventories, the company’s revenue and profits surpassed forecasts, although full-year projections remain unchanged.
For further insights into JP:6981 stock, check out TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
