Murata Manufacturing Plans Deals Over $665 Million to Spur Growth
Japanese smartphone component supplier Murata Manufacturing Co. is considering acquisitions and mergers worth over 100 billion yen ($665 million) to drive expansion. The company aims to enhance its market share and tap into new markets through strategic investments in areas like inductors and sensors.
"We want to significantly scale up in the next three years," said CEO Norio Nakajima in a recent interview.
Under its three-year business plan ending March 2028, Murata targets 220 billion yen for strategic investments, including M&A. The company has not met its strategic investment goals in its medium-term plan ending this fiscal year.
Additionally, Murata is allocating 680 billion yen in capital expenditures over the next three years to expand production capacity at facilities in Japan and Thailand. It has also taken steps to prepare for future manufacturing in India by leasing a factory.