1/23/2023
Murata Manufacturing Co., Ltd.
President: Norio Nakajima
Saitama Murata Manufacturing Co., Ltd. (formerly: TOKO, INC.) will be closing its overseas subsidiary Huacheng TOKO Electronics Co., Ltd. (hereinafter “Huacheng TOKO Electronics”) on January 31, 2023, and its domestic subsidiary COILTEC Co., Ltd. (hereinafter “COILTEC”) on April 30, 2023.
The Saitama Murata Manufacturing Group has contributed primarily to the growth of the telecommunications market through the development and production of coil products, but due to diversifying market needs in major markets such as the smartphone market, an accelerating development cycle, and intensifying competition with overseas manufacturers, it is facing a difficult business environment. As the factory operations center, Huacheng TOKO Electronics oversaw business management, and COILTEC was responsible for the design, manufacture, and sales of manufacturing equipment for coil products and other components, as well as development support and testing, but unfortunately, the decision has been made to close them.
Going forward, Saitama Murata Manufacturing will take over the work that was undertaken at COILTEC and strive to build a stronger management structure for the whole group.
The impact on the company’s performance this fiscal year due to the closures will be negligible.
Saitama Murata Manufacturing
Company name
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Saitama Murata Manufacturing Co., Ltd.
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Address
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18, Gomigaya, Tsurugashima, Saitama Prefecture
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Established
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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 |
Murata Manufacturing Co., Ltd. (100%)
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Huacheng TOKO Electronics Co., Ltd.
Address
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20F., No. 99, Xinpu 6th St., Taoyuan Dist., Taoyuan City 330007, Taiwan (R.O.C.)
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Established
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May 7, 1969
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Capital
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100 million new Taiwan dollars
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Major shareholder
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Saitama Murata Manufacturing (100%)
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COILTEC CO., LTD.
Address
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53, Tobana, Nisatai, Ninohe, Iwate Prefecture
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Established
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July 1, 1970
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Capital
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30 million yen
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Major shareholder
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Saitama Murata Manufacturing (100%)
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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