Murata Manufacturing narrowed its decline in afternoon trading and raised its full-year forecasts on the back of data-center demand and the weaker yen. The report is based on information from Minkabu.
The article reports that Murata Manufacturing’s share-price decline narrowed in afternoon trading. Expectations of a recovery in data-center demand and the effects of the weaker yen are said to have supported market sentiment.
The company was also reported to have raised its full-year forecasts. The article does not provide specific figures, citing data-center demand and the weaker yen as factors behind the upward revision.