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Home/Stocks/6981.T
TSE · Japan · Electronic Components

6981.T Murata Manufacturing

Largest MLCC maker; high-cap parts for AI servers

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-30
¥6,358.0
−7.72% today
1W
+1.3%
1M
−19.0%
3M
−10.7%
YTD
+98.6%
1Y
+128.8%
Off 52w high
−47.9%
Next earnings (est.): 2026-10-30
Market cap¥11.51T≈ $73.05B
P/E (trailing)54.0Forward 26.8
EV / sales5.8×EV/EBITDA 20.1×
Revenue (TTM)¥1.92TGrowth 20.7% y/y
Margins43.4%gross · op 19.6%
Free cash flow¥69.84BCash ¥557B · debt ¥55.39B
Analyst target¥10,614+66.9% upside · 18 analysts · strong buy
Riskβ 1.2Short — of float · yield 1.02%

Fundamentals from public market data, refreshed daily (2026-10-30 21:21 UTC). Figures in reporting currency.

6981.T · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-10-30EarningsMiss / cut

    Reported EPS 57.75 vs 57.96 expected (-0.4% surprise).

  2. 7
    2026-07-31EarningsBeat / raise

    Reported EPS 44.71 vs 40.44 expected (+10.6% surprise).

  3. 6
    2026-04-30EarningsBeat / raise

    Reported EPS 42.17 vs 33.69 expected (+25.2% surprise).

  4. 5
    2026-02-02EarningsMiss / cut

    Reported EPS 13.72 vs 36.15 expected (-62.0% surprise).

  5. 4
    2025-10-31EarningsBeat / raise

    Reported EPS 44.94 vs 32.76 expected (+37.2% surprise).

  6. 3
    2025-07-30EarningsBeat / raise

    Reported EPS 26.83 vs 26.03 expected (+3.1% surprise).

  7. 2
    2025-04-30EarningsMiss / cut

    Reported EPS 17.52 vs 21.1 expected (-16.9% surprise).

  8. 1
    2025-02-02EarningsMiss / cut

    Reported EPS 38.11 vs 39.84 expected (-4.3% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-10-3057.9657.75−0.4%
2026-07-3140.4444.71+10.6%
2026-04-3033.6942.17+25.2%
2026-02-0236.1513.72−62.0%
2025-10-3132.7644.94+37.2%
2025-07-3026.0326.83+3.1%
2025-04-3021.117.52−16.9%
2025-02-0239.8438.11−4.3%
2024-10-3140.2134.15−15.1%
2024-07-3031.1735.3+13.2%
2024-04-2523.863.34−86.0%
2024-02-0234.1726.13−23.5%
2023-10-3128.539.73+39.4%
2023-07-3115.7726.52+68.1%
2023-04-2723.5722.22−5.7%
2023-02-0239.2827.29−30.5%
2022-10-3147.1144.92−4.6%
2022-07-2735.3339.34+11.4%
2022-04-2732.2133.18+3.0%
2022-02-0138.7443.06+11.1%
2021-10-2942.6347.18+10.7%
2021-07-2833.1840.23+21.3%
2021-04-2727.2931.64+15.9%
2021-01-2935.7339.84+11.5%
2020-10-2929.1331.4+7.8%

About Murata Manufacturing

Website ↗

Murata Manufacturing Co., Ltd. develops, manufactures, and sells ceramic-based passive electronic components and solutions in Japan, North America, and South America, Europe, China, Asia, and internationally. It operates through three segments: Components, Devices & Modules, and Other. The company offers capacitors; inductors; high frequency device and communication modules, including surface acoustic wave filters, RF modules, multilayer resin substrates, and connectivity modules; lithium-ion secondary batteries; and sensors; acoustic wave device; antennas and related products; baluns; and batteries. It also offers Femtet, a CAE software; capacitors; cell fractionation filters; connectivity modules; connectors; couplers; digital panel meters; filters; front end modules; inductors; ionizers; micro mechatronics; watch batteries; noise suppression products; and optical devices. In addition,…

75,912 employees · Nagaokakyo, Japan

An AI server board uses many times the capacitors of a normal server, and the high-capacitance, high-temperature parts come mainly from Murata and Samsung Electro-Mechanics.

Ceramic powder→MLCC→Board→Server

What would prove us wrong. Weakens if lead times stay flat while AI server builds keep rising.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
009150.KS
Samsung Electro-Mechanics
MLCCs and FC-BGA substrates ₩1,196,000−7.50%−21.7%+369.0%
6976.T
Taiyo Yuden
MLCCs and inductors ¥8,553.0−7.34%−8.3%+145.5%
6762.T
TDK
Passive components, MLCCs and power supplies ¥2,572.0−7.22%−13.7%+18.2%
2327.TW
Yageo
Capacitors and resistors (incl. KEMET) NT$502.0−7.55%−8.4%+118.9%
2492.TW
Walsin Technology
MLCCs and passives NT$381.0−9.93%+26.2%+227.4%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.