Saitama Murata Manufacturing (formerly: TOKO, INC.), a wholly-owned subsidiary of Murata Manufacturing Co., Ltd. (hereafter: the Company), is ceasing production at its production subsidiaries Shantou S.E.Z. Huajian Electronics and Hua Jiuh Technology by the end of 2019.
Saitama Murata Manufacturing Group (formerly: TOKO Group) has contributed primarily to the development of the telecommunications market through its design and production of coil products, but due to a diversification of market needs in major markets such as the smartphone market in recent years, an acceleration of the development cycle, and intensifying competition with overseas manufacturers, it is facing a difficult business environment. Shantou S.E.Z. Huajian Electronics and Hua Jiuh Technology in particular are experiencing factors such as decreased demand and intensifying price competition, and the Company has decided to end production at these subsidiaries and close them. Hereafter, the entire Saitama Murata Manufacturing Group will strive to build stronger production and management structures.
The impact on the Company’s performance this fiscal year due to the closing of these production subsidiaries is negligible.
Saitama Murata Manufacturing summary
Name
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Saitama Murata Manufacturing Co., Ltd.
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Location
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Tsurugashima City, Saitama Prefecture
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Founded on
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August 9, 1955
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Capital
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100 million yen
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Major shareholder
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Murata Manufacturing Co., Ltd. (100%)
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Shantou S.E.Z. Huajian Electronics summary
| Name |
Shantou S.E.Z. Huajian Electronics Co., Ltd.
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Location
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Shantou City, Guangdong Province
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Founded on
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April 1, 1991
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Capital
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103.835 million HKD
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Major shareholder
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Saitama Murata Manufacturing 100% (71.4% held indirectly)
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Hua Jiuh Technology summary
| Name |
Shantou Hua Jiuh Technology Co., Ltd.
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Location
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Shantou City, Guangdong Province
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Founded on
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September 20, 2000
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Capital
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19.1 million USD
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Major shareholder
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Saitama Murata Manufacturing 100% (44.5% held indirectly)
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Murata in Brief
Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, visit Murata's website at www.murata.com