Component Signals: Asia investor visits: MLCC interest remains strong, search for broader opportunities

Research evidence excerpt

Component Signals: Asia investor visits: MLCC interest remains strong, search for broader opportunities

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Component Signals

Asia investor visits: MLCC interest remains

strong, search for broader opportunities

Industry Overview

06 July 2026

Strong interest in the electronic components sector Equity

We had more than 40 meetings with investors in Hong Kong and Singapore over the Japan

five-day period from Jun 29 to Jul 3. While the overall view on the electronic components Electronics

sector appeared positive, discussions were concentrated almost entirely on MLCCs and

semiconductor packaging. From the perspective of overall sector share price MasashiResearch AnalystKubota >>

performance, attention is likely to focus on whether investment interest broadens BofAS Japan

+81 3 6225 7138

following the Apr-Jun 2026 quarter earnings season. masashi.kubota@bofa.com

Persistent expectations for MLCC price hikes HazelResearchXueAnalyst>>

BofAS Japan

Within the MLCC industry, expectations for price hikes remain among some investors. hazel.xue@bofa.com

Market speculation regarding price increases originating from Taiwan and other places

in Asia also generated a sensitive reaction. However, domestic MLCC makers remain

cautious about raising prices. Instead, many investors favor a positive view on Murata

Mfg (6981), based on the expectation that the company will benefit from higher ASPs

ASP: Average Selling Pricedriven by an improving product mix. We also believe that many investors shared the view

that the increasing production difficulty of MLCCs for AI servers will widen the BBU: Battery Backup Unit

profitability gap between Murata Mfg and competing makers such as Taiyo Yuden

(6976). MLCC: Multi-layer Ceramic Capacitor