Mid-term Direction 2024

Mid-term Direction 2024

The first phase to get where Murata wants to be in Vision 2030 is set forth in “Medium-term Direction 2024” (FY2022 to FY2024). In Medium-term Direction 2024, we set social value as our new goal. In addition to economic value targets, by setting targets for our efforts to contribute to solving social issues, we will create a continuous cycle of social and economic value and contribute to the enrichment of society.

Business environment and the four medium-term management issues established in Medium-term Direction 2024

Medium-term Direction 2024 is the first phase toward realizing Vision 2030, which defines what Murata wants to be. In Medium-term Direction 2024, we will complete the ongoing issues from Medium-term Direction 2021 and tackle the four medium-term management issues by backcasting from the changes in the environment from a long-term perspective.

Related information: Murata’s material issues

Group-wide targets

Image of group-wide targets

Capital allocation policy

  • Continue investing in main businesses (components, devices/modules) and steadily generate cash
  • Treat long-term environmental investment, acquisition of technologies, risk countermeasures, IT infrastructure, etc., as strategic investments and actively pursue them
  • Meet stakeholder expectations by maintaining a solid financial footing while using surplus funds to expand shareholder returns, including stock buybacks
Graph of capital allocation policy