¥1.8 trillion from parts you barely see: inside Murata.
Murata generated ¥1.8309tn of revenue and ¥281.8bn of operating income in FY2025. Components generated ¥1.1597tn, or 63.3% of revenue, including ¥936.4bn from capacitors. Devices and Modules generated ¥656.0bn, spanning high-frequency devices and communications modules, batteries and power supplies, and functional devices. Murata began in 1944 with titanium-oxide ceramic capacitors made in a small Kyoto workshop. Those parts went inside radios, while related ceramic and piezoelectric technologies spread into resonators and filters. Murata still describes its core capability as the combination of material development, process development, product design and production technology. The company became a ¥1.8tn business not by building a famous final product, but by putting tiny, largely invisible components inside enormous numbers of electronic products.