Sales Expansion Centered on China and South Korea

「Japan 30 South Korea 1,109 China — Hungary — Europe and the United States — Other 788 Total 1,928」

「Fiscal year ending January 2026 (¥ millions) 79 2,671 55 — 133 691 3,630」

「Japan 48 South Korea 1,298 China 35 Hungary — Europe and the United States 65 Other 2 Total 1,450」

「Japan 78 South Korea 5,483 China 2,288 Hungary 20,828 Other Europe and the United States 308 Other 2,058 Total 31,047」

「Japan 10 South Korea 3,655 China 2,313 Hungary 21,054 Europe and the United States 193 Other 1,834 Total 29,062」

「Japan 21 South Korea 1,895 China 1,075 Hungary 10,227 Europe and the United States 184 Other 1,066 Total 14,471」

「Japan 226 South Korea 15,888 China 1,350 Hungary 25,919 Europe and the United States 182 Other 4,476 Total 48,043」

「By customer, demand from South Korean customers for automotive batteries continued to increase, and sales totaled ¥36,001 million, an increase of ¥4,876 million, or 15.6%, year on year.」

「By customer, demand from South Korean customers for automotive batteries continued to increase, and sales totaled ¥23,312 million, an increase of ¥4,177 million, or 21.8%, year on year.」

「By customer, demand from South Korean customers for automotive batteries continued to increase, and sales totaled ¥11,463 million, an increase of ¥2,971 million, or 34.9%, year on year.」

「By customer, demand from South Korean customers for both automotive batteries and consumer products continued to increase, and sales totaled ¥43,695 million, an increase of ¥14,871 million, or 51.6%, year on year.」

「By customer, demand from South Korean customers for both automotive batteries and consumer products continued to increase, and sales totaled ¥31,125 million, an increase of ¥11,601 million, or 59.4%, year on year.」

「Demand from South Korean customers for both automotive batteries and consumer products continued to increase, and sales totaled ¥19,152 million, an increase of ¥7,054 million, or 58.3%, year on year. Sales to U.S. customers for automotive applications also increased to ¥851 million, up 944.1% year on year.」

「By region, demand from South Korean customers for both automotive and consumer batteries remained solid, and sales totaled ¥8,492 million, up 48.1% year on year. Sales to U.S. customers, whose production recovered from the previous year, also increased to ¥271 million, up 602.7% year on year.」

「By customer, demand from South Korean customers for automotive batteries and high-end consumer batteries remained strong throughout the year, and sales to South Korean customers totaled ¥28,823 million, up 70.3% year on year. Sales to Chinese customers continued while prioritizing the collection of receivables, resulting in sales of ¥671 million, down 41.6% year on year.」

「By customer, demand from South Korean customers for both automotive batteries and consumer products continued to increase, and sales totaled ¥19,524 million, an increase of ¥8,791 million, or 81.9%, year on year. In contrast, sales to Chinese customers declined to ¥530 million, down 33.0% year on year, as sales continued to be conducted while prioritizing the collection of receivables.」

「By customer, demand from South Korean customers for both automotive batteries and consumer products continued to increase, and sales totaled ¥12,097 million, an increase of ¥5,977 million, or 97.7%, year on year. Although demand from Chinese customers increased as the market recovered from the COVID-19 pandemic, sales continued to be conducted while prioritizing the collection of receivables, resulting in a decline in sales to ¥412 million, down 21.9% year on year.」

「By customer, demand from South Korean customers for both automotive batteries and consumer products increased, and sales totaled ¥5,734 million, an increase of ¥1,682 million, or 41.5%, year on year. In contrast, sales to Chinese customers declined to ¥283 million, down 5.6% year on year, as sales continued to be conducted while prioritizing the collection of receivables.」

「By customer, sales to South Korean customers, where sales for automotive batteries continued to grow, totaled ¥16,929 million, up 82.7% year on year. In contrast, sales to Chinese customers declined to ¥1,148 million, down 33.9% year on year, as sales continued to be conducted while prioritizing the collection of receivables. Sales to Japanese customers also declined as demand failed to grow, totaling ¥377 million, down 72.5% year on year.」

「By region, sales to South Korean customers increased 88.2% year on year to ¥10,732 million during the third quarter as demand for automotive batteries, which was recovering from the COVID-19 pandemic, grew substantially. Although demand from Chinese customers was recovering, sales fell to ¥792 million, down 38.7% year on year, because sales continued while priority was given to collecting receivables. Sales to Japanese customers fell sharply to ¥302 million, down 75.0% year on year.」

「By region, despite the impact of the COVID-19 outbreak during the second quarter, sales to South Korean customers increased 68.7% year on year to ¥6,119 million as demand for automotive batteries grew substantially. Sales to Chinese customers fell to ¥527 million, down 40.5% year on year, as sales declined while priority continued to be given to collecting receivables. Sales to Japanese customers fell sharply to ¥261 million, down 73.3% year on year, amid weak consumer demand.」

「By region, sales to South Korean customers increased substantially to ¥4,052 million, up ¥2,374 million, or 141.5%, year on year, due to strong growth in sales for automotive batteries. Sales to Chinese customers fell to ¥300 million, down 12.3% year on year, as sales declined while priority continued to be given to collecting receivables. Sales to Japanese customers fell to ¥159 million, down 68.7% year on year, as consumer demand weakened.」

「By region, sales to South Korean customers increased 90% year on year to ¥9,264 million, as growth in automotive projects substantially exceeded the decline in consumer demand. Sales to Chinese customers fell to ¥1,739 million, down 25%, as sales continued while priority was given to collecting receivables. Sales to Japanese customers were broadly in line with the prior year at ¥1,369 million, down 2%.」

「By region, sales to South Korean customers increased 62.4% year on year to ¥5,701 million, as strong growth in EV projects more than offset the delayed recovery in consumer projects. Sales to Chinese customers fell 26.7% year on year to ¥1,292 million because sales activities continued while priority was given to collecting receivables. Sales to Japanese customers continued steadily, increasing 30.2% year on year to ¥1,208 million. Sales to US customers also continued steadily, increasing 723.2% year on year to ¥620 million.」

「By region, sales to South Korea increased 60.4% year on year to ¥3,627 million, driven by strong growth in demand from the Samsung SDI Group, a longstanding major customer. Sales to China fell 30.0% year on year to ¥886 million as sales continued while priority was given to collecting receivables. Sales to Japanese customers increased 40.2% year on year to ¥980 million, supported by steady growth in demand for consumer applications.」

「By region, sales to South Korea increased 60.2% year on year to ¥1,678 million, as sales to the Samsung SDI Group, which began volume production last year, expanded in addition to growing demand from the LG CHEM. Group, a longstanding major customer. Sales to China remained limited to ¥341 million, down 55.8% year on year, as sales continued while priority was given to collecting receivables. Sales to Japanese customers increased 62.0% year on year to ¥509 million, supported by steady growth in demand for consumer applications.」

「Sales to South Korea increased 39.7% year on year to ¥4,872 million, driven by growing demand from the LG Group, a longstanding major customer, and expanded sales to a new major customer that began volume production during the fiscal year. Sales to China fell sharply to ¥2,323 million, down 48.1% year on year, as EV demand recovered slowly and sales continued while priority was given to collecting receivables. Sales to Japanese customers remained at ¥1,400 million, down 7.9% year on year, due to lower demand for batteries for smartphones.」

「Sales to China fell substantially during the cumulative third quarter to ¥1,762 million, down 44.6% year on year, as the recovery in EV demand remained delayed following the second quarter. In South Korea, demand for consumer applications from the LG Group and new customers continued to grow, and sales increased 35.6% year on year to ¥3,510 million. Sales to Japanese customers, primarily companies in the Tohoku Murata Manufacturing group, were ¥928 million, down 17.7% year on year.」

「Sales in China, one of our Group's main sales regions, fell 38.8% year on year to ¥1,266 million during the cumulative second quarter. The EV-related market was at a major turning point, and production by existing customers that had continued to supply large volumes of lithium iron phosphate batteries for applications such as EV buses declined sharply in the short term. In South Korea, demand for high-end consumer products increased, driving higher sales to the LG Group and new customers. Sales rose 42.6% year on year to ¥2,262 million. Sales to Japanese customers fell 12.0% year on year to ¥699 million, as sales to companies in the Tohoku Murata Manufacturing group were sluggish.」

「In China, demand from EVE Energy Co., Ltd., with which we had increased transactions for separators for cylindrical automotive batteries since the year before last, rose sharply. However, battery production by some of our major customers in China was lower than the previous year because inventories of electric vehicles remained high at the end of last year, and sales in China fell 22.2% year on year to ¥774 million. Sales in South Korea increased substantially to ¥1,047 million, up 35.9% year on year, amid expanding demand for cylindrical batteries supplied to the LG Group.」

「China, which accounts for 47.0% of consolidated sales, has a high proportion of sales for new energy vehicles (EVs and HEVs). Sales fell 5.1% year on year as battery manufacturers temporarily reduced production following changes in battery specifications eligible for subsidies. In South Korea, sales are centered on the major Korean battery manufacturer LG Group, but fell 1.1% year on year after the customer temporarily reduced sales in a specific market.」

「Sales in China were ¥3,183 million during the cumulative third quarter, down 10.1% year on year, reflecting the impact of lower sales in the cumulative second quarter. Sales during the third-quarter accounting period, however, exceeded the prior-year level. In South Korea, sales to the LG Group continued to perform well, increasing 1.2% year on year to ¥2,589 million.」

「In China, demand for battery materials was beginning to recover following the announcement in June of the list of EVs and EV buses eligible for subsidies and the publication of local government subsidy criteria, although the market was estimated to become more active from the third quarter onward. During the cumulative second quarter, however, sales in China fell 18.6% year on year to ¥2,069 million. The EV-related market was at a major turning point in Chinese government subsidy policy, coinciding with a period when designs for subsidized lithium-ion batteries were being reviewed, resulting in lower sales volumes. In South Korea, sales fell 1.3% year on year to ¥1,586 million despite increased sales to the LG Group.」

「Sales in China, one of our Group's main sales regions, were ¥994 million during the cumulative first quarter, down 19.8% year on year, as a temporary stagnation in the EV-related market coincided with the Lunar New Year period. Sales in South Korea fell 6.7% year on year to ¥770 million, partly due to the impact of geopolitical risks on some sales to the LG Group.」

「In the South Korean market, active sales efforts targeting the major Korean battery manufacturer LG Group, together with the expansion of applications and models adopted, drove sales up 87.4% year on year. Sales accounted for 39.0% of consolidated sales.」

「Sales in China, one of our Group's main sales regions, were limited to ¥3,539,963 thousand during the cumulative third quarter, up 14.4% year on year, because production capacity constrained sales despite strong demand. Sales in South Korea increased to ¥2,558,830 thousand, up 98.9% year on year, supported by the expansion of models supplied to the LG Group.」

「Sales in China, one of our Group's main sales regions, were ¥2,543,469 thousand during the cumulative second quarter, up 42.1% year on year. Sales in South Korea increased to ¥1,607,066 thousand, up 134.6% year on year, supported by higher sales to the LG Group.」