Tokyo-listed electronics component makers Murata Manufacturing and Taiyo Yuden saw notable share gains following media reports that both companies are moving ahead with price increases for passive components.
In Tokyo trading Wednesday, Murata shares rose 4.4% and Taiyo Yuden jumped 10.8% after news circulated that the two suppliers are implementing higher prices on several product families.
According to reports citing a customer notice, Taiyo Yuden plans to raise prices on multilayer ceramic capacitors (MLCCs), inductors, and electrolytic capacitors beginning in May. The notice attributed the planned adjustments to higher costs for raw materials and constituent components, including precious metals. The scope of Taiyo Yuden’s revisions is said to extend to RF devices, FBAR/SAW devices, and aluminum electrolytic capacitors.
Separately, Murata is reported to have implemented price increases for MLCC products used in AI servers and high-end automotive applications, effective April 1. Murata had previously been preparing to raise prices on magnetic beads, power inductors, RF inductors, and common-mode filters, but the company extended those measures to include MLCCs as production capacity reportedly reached full utilization. The reported increase levels were cited as ranging from 15% to 35%.
Market observers took particular note of the timing. Murata had earlier indicated it would consider price hikes from mid-2026 onwards, and the reported action, if accurate, represents an earlier move than that guidance suggested. The apparent acceleration in pricing activity appears to have caught investor attention.
Goldman Sachs analysts commented on the reports, writing: "the reported price hikes for MLCCs in particular, if accurate, would likely have positive implications for Murata Mfg., Taiyo Yuden, and the industry as a whole, largely because we believe most investors have factored in Murata Mfg’s prior comment that it would consider price hikes from mid-2026 onwards, a stance that was unchanged as of March." The analysts’ statement underscores the conditional nature of the market response - positive if the reported increases are confirmed.
Investors and industry participants will likely watch for confirmation of the reported notices and for any further details on timing, product coverage, and contract implementations. The reports link the price revisions directly to higher input costs and capacity dynamics, while the market reaction highlights the sensitivity of electronic component stocks to changes in pricing strategy.