Asia
Murata Shares Drop by Most Since 2000 on Tariff-Hit Grim Outlook
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Shares of iPhone components maker Murata Manufacturing Co. plunged 18% — the most in 25 years — after it said it’s bracing for a profit decline and warned the impact of tariffs was not yet fully priced in.
The Kyoto-based maker of multilayer ceramic capacitors said it expects net income to fall by 24% in the business year to March 2026 on sluggish demand for car and smartphone components and US President Donald Trump’s wide-ranging tariff campaign. A stronger yen also weighed on its forecast.