The consolidated financial report (International Accounting Standards) for April to June 2024 released by Murata Productions in Japan on July 30 showed a year-on-year increase of 32% in net profit, reaching 66.3 billion yen. The depreciation of the Japanese yen has increased profits, and the demand for electronic components for pure electric vehicles (EVs) and servers has also increased.

The operating revenue from April to June increased by 15% to 421.7 billion yen, and the operating profit increased by 32% to 66.3 billion yen. The average exchange rate during this period was 1 US dollar to approximately 156 Japanese yen, a depreciation of over 18 Japanese yen compared to the same period last year. Due to exchange rate factors, operating revenue was pushed up by about 40 billion yen and operating profit was pushed up by about 20 billion yen.

Due to the increasing demand for electronic components such as multilayer ceramic capacitors (MLCC) for pure electric vehicles and hybrid vehicles (HV), the revenue in the "transportation" sector increased by 15% compared to the same period last year, reaching 115 billion yen, showing strong performance. The demand for upgrading personal computers and the growth of parts for generative AI servers have led to a significant increase of 46% in revenue in the "computer" field, reaching 65.8 billion yen.

The expected performance for the entire fiscal year 2024 (ending in March 2025) remains unchanged. It is expected that the operating revenue will increase by 4% year-on-year, reaching 1.7 trillion yen, and the net profit will increase by 30%, reaching 235 billion yen. The expected exchange rate is 1 US dollar to 145 Japanese yen, which has not changed compared to the initial period. If the exchange rate against the US dollar falls by 1 yen, the annual operating profit will be pushed up by 4.5 billion yen. However, the executive director of the special affairs department, Masanori Minamoto, said, "The exchange rate outlook is difficult to predict, and we hope to see the trend clearly.

The stock price of Murata Productions is currently adjusting, but on July 17th it reached its highest point since considering a stock split for listing (3816 yen). The background is that "edge AI" terminals equipped with generative AI functions on smartphones or computers will drive the expected expansion of MLCC demand. President Nakajima predicted that the demand for components for AI servers is currently expanding, but the full outbreak of demand for personal terminals will not occur until after next fiscal year.

About Us

Guangdong Fulong Electronic Technology Co., Ltd. is a private high-tech enterprise specializing in the research and development, manufacturing, and sales of aluminum electrolytic capacitors, certified by ISO9001, ISO14001, and ISO45001. The company has a building area of 17000 square meters and more than 50 automated production lines; The total investment is 50 million yuan (RMB), with more than 100 employees, including more than 20 engineering and technical, quality management, and production management personnel. The annual production of capacitors (4 * 5.4~16 * 21.5) is about 400 million pieces; Our products are mainly sold to domestic and international markets, and we strive to promote our company's products globally.

Jiangxi Fulong Electronic Technology Co., Ltd. is a wholly-owned subsidiary of Guangdong Fulong Electronic Technology Co., Ltd. established in Hukou County, Jiangxi Province with a total investment of 500 million yuan. It has 50 fully automated production lines and an annual output of approximately 1.2 billion capacitors (4 * 5.4~16 * 21.5).

Fulong Group has an international professional core technology research and development team for aluminum electrolytic capacitors and a global sales network. Rich experience in the design, research and development, and production management of aluminum electrolytic capacitors. The R&D team follows the technical design theory of aluminum electrolytic capacitors, complies with international and domestic legal and regulatory requirements (RoHs), and adheres to the highest international quality standards

Fulong Group has high-quality and stable raw material supply partners, and key raw materials (such as aluminum foil, electrolytic paper, etc.) are selected from well-known Japanese and Korean companies (KJCC KDKNKK, etc.), ensuring reliable and stable advantages in product quality, environmental protection, safety, and energy conservation.

Fulong Group has a group of highly qualified professional technicians and management personnel who can produce various series of sheet aluminum electrolysis products according to customer requirements. The products include high-frequency low impedance, low leakage, wide temperature, extremely low impedance, non-polar, ultra long life, medium high voltage long life, high reliability and other new types of special requirements for surface mount products; At the same time, the company's products can withstand a soldering temperature of 260 ℃, meeting the lead-free reflow soldering technology required for SMT in the whole machine factory. All technical indicators of the products have reached or exceeded the international level of similar products.

While strengthening management and expanding operational scale, Fulong Group is also committed to improving its competitiveness and customer satisfaction, continuously and steadily increasing customer and social trust, continuously meeting market demand, further optimizing environmental management and expanding social contributions, and developing together with the electronics industry.

Guangdong Follon Electronic Technology Co., Ltd.

Jiangxi Follon Electronic Technology Co., Ltd.

Address: Building 3, South District, Haishan Science and Technology Park, Hukou County, Jiujiang City, Jiangxi Province

www.follon.com

Professional manufacturer of high-quality surface mount electrolytic capacitors