Murata: FY2027 sales forecast lifted to ¥2.26 trillion
Murata raised its FY2027 revenue forecast 7.1% to ¥2.26 trillion and operating profit forecast 20.9% to ¥520 billion. Net profit is seen at ¥396 billion, with data center demand, higher output and a better product mix supporting earnings.
Key facts
- Revenue
- ¥2.26 trillion
- Operating profit
- ¥520 billion
- Net profit
- ¥396 billion
- Profit revision
- Up 20.9% from previous forecast
- FX assumption
- ¥155 per U.S. dollar
Murata raises full-year FY2027 forecast
Murata raised its consolidated forecast for the year ending March 2027. The new projections are higher than the previous estimates across all items, from revenue to profit attributable to owners of the parent. Murata also expects every item to exceed the previous year's actual results.
| Metric (¥100 million, except per-share data) | Previous forecast | New forecast | Previous-year actual |
|---|---|---|---|
| Revenue | 21,100 | 22,600 | 18,308.56 |
| Operating profit | 4,300 | 5,200 | 2,818.35 |
| Profit before tax | 4,510 | 5,320 | 3,086.43 |
| Net profit | 3,380 | 3,960 | 2,339.20 |
| Earnings per share (¥) | 185.68 | 218.80 | 127.66 |
Revenue is 7.1% above the previous forecast, while profit before tax is up 18.0% and net profit 17.2%. Operating profit is 20.9% higher than the prior estimate. Murata expects revenue, operating profit, profit before tax, net profit and earnings per share to all rise from the previous year's actual results.
Data center demand and production gains support outlook
The main reason for the upward revision is stronger demand related to data centers. Murata expects that demand growth to push revenue above its previous forecast.
- Revenue: Rising data center-related demand is expected to lift full-year revenue.
- Profit: Higher production volumes are expected to generate operating leverage and boost earnings.
- Product mix: An improved product mix is also expected to support profit.
- Forecast review: Murata revised its full-year outlook after taking its interim consolidated results into account.
The revision reflects not only higher sales from stronger demand, but also the expected contribution to profit from production levels and changes in product mix. Murata's explanation points to several factors behind the higher profit forecasts.
Currency assumption unchanged, actual results remain uncertain
Murata kept its foreign exchange assumption for the period from the third quarter onward at ¥155 per U.S. dollar, unchanged from its previous forecast. The revision does not include a change to the currency assumption.
Murata said its forecast is based on information available at this time and includes uncertain factors. Actual results may differ from the projections as business conditions change. Investors will be watching not only demand trends, but also whether production volumes and product mix develop as Murata expects.
Share price around the disclosure
Close on disclosure (Oct 30, 2026)
¥6,358
Latest close (Oct 30, 2026)
¥6,358
Reference chart of daily closing prices, not real-time quotes (split-adjusted; weekly closes before the last year). Updated Oct 30, 2026.
Compare Murata with its rivals
Pay, results and share price side by side- vs
Kyocera vs MurataKyocera has 1.1x the revenueMurata margin 9.7pt higherMurata pays ¥0.63M moreCompare
- vs
TDK vs MurataTDK has 1.4x the revenueMurata margin 4.5pt higherTDK pays ¥1.18M moreCompare - vsMurata vs Alps AlpineMurata has 1.8x the revenueMurata margin 11.3pt higherMurata pays ¥1.62M moreCompare
The Electronics industry now
59 companiesMurata is one of 59 Electronics companies we cover, #12 by revenue. Here is how the industry’s shares and company plans look:
- Industry shares, 1 year
- +15.4%All industries +14.9%
- Op. profit plan, this FY
- +22.9%All industries +13.0%
- Forecasts raised
- 23cut 3
- Industry op. margin
- 10.6%
- Murata+87.4%
- Electronics (average)+15.4%
- All industries+14.9%
- Latest resultsYear to date through Q1, 25 companies combined: revenue +9.2%, operating profit +57.8% year over year. 13 are ahead of an even pace toward their full-year plan, 21 behind.
- Revisions23 raised and 3 cut this year's forecast. The biggest revision: Murata (operating profit +36.8%).
Tags#Earnings forecast revision#Electronic components#Data centers#Operating profit#FY2027#Revenue#Foreign exchange
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Murata raised its revenue forecast on the back of data center-related demand and factored in higher operating leverage from increased production, as well as an improved product mix, in its profit outlook. The plan now exceeds both the previous forecast and the previous year's actual results. The key question is whether stronger demand translates into results, with investors watching the durability of demand and actual production and product-mix trends in upcoming results. Murata left its currency assumption unchanged and cautioned that its forecast remains subject to uncertainty.
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