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Murata Manufacturing's Profit Jumps 64% in Fiscal Q1

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Murata Manufacturing (TYO:6981) posted a 64% year-over-year jump in attributable profit for the fiscal first quarter to 81.4 billion yen from 49.7 billion yen.

Basic EPS was 44.71 yen, compared with 26.83 yen a year earlier, according to a Tokyo bourse filing on Friday.

Revenue rose 21% to 502.3 billion yen from 416.2 billion yen for the three months ended June 30.

In a separate filing, the electronic components manufacturer raised its full-year attributable profit forecast to 338.0 billon yen from 293.0 billion yen, EPS to 185.68 yen from 160.96 yen and revenue to 2.110 trillion yen from 1.960 trillion yen.

The revision stems from a continued increased in data center-related demand and the depreciation of the yen.

The company plans to pay interim and year-end dividends of 35 yen per share each for the current year, which is higher from the year-ago period.

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