Japan's Murata eyeing large-scale M&A to drive growth, CEO says (updated)

Murata Manufacturing Co

20/02/2025 06:39

(Writes through with details and executive comment)
    By Ritsuko Shimizu
       KYOTO, Japan, Feb 20 (Reuters) - Japan's Murata
Manufacturing  6981.T  is considering deals of more than 100
billion yen ($665 million) to drive growth, the smartphone
component supplier's CEO said on Thursday.
    Murata is looking at areas such as inductors and sensors,
and overseas targets are also a possibility as the company seeks
to boost market share and expand in new markets, Norio Nakajima
told Reuters in an interview at the company's headquarters in
Kyoto. 
    "We want to significantly scale up in the next three years,"
he said. 
    In its business plan for the three years to March 2028,
Murata is targeting strategic investment including mergers and
acquisitions of 220 billion yen. 
    The company has fallen short of its strategic investment
target in its medium-term plan ending in the current financial
year. 
    Murata is also planning capital spending of 680 billion yen
over the next three years to expand capacity at factories in
Japan and Thailand. 
    It also said this week that it will rent a factory in India
to prepare for future manufacturing there. 

    ($1 = 150.2600 yen)

 (Reporting by Ritsuko Shimizu; Writing by Sam Nussey; Editing
by Chang-Ran Kim and Edwina Gibbs)
 ((sam.nussey@tr.com))