KYOTO, Japan, Feb 20 (Reuters) - Murata Manufacturing of Japan is contemplating deals exceeding 100 billion yen ($665 million) to fuel its growth, as stated by the company's CEO on Thursday.
Murata is exploring opportunities in segments like inductors and sensors, with potential interest in overseas ventures to heighten market presence and venture into new markets, Norio Nakajima revealed in an interview with Reuters at the company's headquarters in Kyoto.
"We aim to significantly expand over the next three years," Nakajima said.
For its business strategy through March 2028, Murata has set a target of strategic investments totaling 220 billion yen, which includes mergers and acquisitions.
Although the company has not fully met its strategic investment objective in the current medium-term plan, it plans to invest 680 billion yen in capital expenditure over the next three years to bolster production capacity at facilities in Japan and Thailand.
In addition, Murata announced this week its intention to lease a factory in India in preparation for future manufacturing operations.
($1 = 150.2600 yen)