Murata Q1 revenue falls 1.3% despite AI demand

Murata Manufacturing reported Q1 revenue of 416.2 billion yen, down 1.3% year-on-year, with operating profit falling 7.2% to 61.6 billion yen.

While AI-server components demand remained firm, high-frequency modules and multilayer resin substrates for smartphones declined. Capacitor revenue increased for servers but fell for smartphones and power tools.

The company maintained its full-year revenue projection of 1.64 trillion yen and announced strategic investments including new facilities in Izumo and the Philippines, plus a $50 million US venture capital arm.