Growth Strategy 1:
Deepen core businesses and promote evolution of business models

In order for Murata to continue to create value as an innovator in the drastically changing electronics industry, it is necessary to capture the global trends of technology and changes in society and reflect them in business management. In order to create various innovations looking ahead to the future from a long-term perspective, Murata uses a three-layer portfolio in its business management to create value.

3-layer portfolio

Layer-1 : Standard-products business (EI)

This is a business that we have built up since our founding and will continue to drive growth as a core business.

Layer-2 : Application-specific components business (ASC)

we are developing our business by leveraging our strengths, such as our abundant technologies, problem solving through product technology-driven discussions with our customers, and timely and stable supply.

Layer-3 : Creation of new business models

Murata, as layer 3, will build a new business model by combining with layers 1 and 2 and utilizing its accumulated knowledge of communications and other areas, as well as by identifying a wide range of possibilities without being bound by the conventional framework of markets, commercial products, or business forms.

Four business opportunities

It introduces our business, values, and vision for the future in this movie (produced in 2023).

Core fields

Communications

Improved accuracy for demand forecasting and strengthening production capacity in advance

As communications systems change to 5G and then to 6G, business opportunities will expand even further. We will correctly grasp the diversifying applications, changing customer structure and continue to offer value, taking an overwhelming lead with technological innovation that ensures we continue winning, even in an increasingly competitive environment.

Recognized business opportunities
  • Increase in demand for components Rising demand for components due to increasing number of connected devices and greater processing power
  • Increasing requirements for high performance and reliability to support network connectivity
  • Shift of added value to hardware plus software/solutions as applications with embedded communications functions diversify and data-driven solutions and services emerge

Mobility

Automobile industry entering an age of once-in-a-century revolution

We will redefine the market in a broader sense as “mobility.” In addition to contributing to the evolution of the automobile (in-car) as the global No. 1 component manufacturer, we will a imtocapture bus iness opportunities in the broader sense of mobility (out-car). We will deepen our understanding of diversifying customer requirements in the mobility field and steadily produce results and build reputation.

Recognized business opportunities
  • Shift of added value to hardware plus software/solutions as applications with embedded communications functions diversify and data-driven solutions and services emerge
  • Expansion of services centered on movement itself, as typified by MaaS (Mobility as a Service), and a resultant increase in new opportunities to leverage our knowledge in the communications field to provide new value, such as by offering software and solutions

Challenge fields

Environment

Markets where promises have been made to become a sustainable society

Murata aims to create innovation bringing together our business and solutions to the energy issue and other environmental issues. We will take initiatives to respond to the environment to secure a competitive advantage as well as firmly catch hold of the growing opportunities, starting with the battery and power supply business, and take on the challenge of creating new businesses.

Recognized business opportunities
  • Accelerating initiatives to transition to a decarbonized society
  • Advancing the circular economy, which places value on product repair, reuse, and resource recycling
  • Advancing the development of environmental technology (cleantech) in all industry segments

Wellness

Pursuing new prosperity for an age when people’s expected lifespan reaches 100 years

We will use Murata’s technology and our know-how in the electronics field to help the development of the medical field and seek to provide value in terms of preventing sickness and promoting health. We will also produce innovations to achieve new kinds of prosperity including mental health and good interpersonal relations, thereby realizing a society where people can live a healthy and prosperous life.

Recognized business opportunities
  • Transforming the medical and healthcare domain using digital technology
  • Expanding initiatives in preventive medicine and health promotion in line with the acceleration of the population aging
  • Changing health concepts, including balanced mental and social health in addition to physical health, and the pursuit of people’s own happiness