Japanese electronic component makers are looking beyond a fickle smartphone market that once lured them with rocketing growth, tying their fortunes more closely to the most resilient of Japan's big industries: automobiles. Component makers such as Murata Manufacturing Co Ltd and TDK Corp are capitalising on rising demand for electronics like those that make cars safer with automatic braking or less polluting with engine controllers.In contrast, Murata and others are having an up-and-down ride shipping components for Apple Inc's iPhones, while declining smartphone orders were a factor in January when TDK slashed its full-year operating profit forecast.The auto industry offers a stable alternative, especially because of the enduring prominence of compatriot automakers such as global leader Toyota Motor Co. The value of electronic components per car will grow 26 percent over the decade to 2022, according to Fuji Chimera Research Institute.But the payoff may not be as quick and will favour those with a longer history in the business.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business. Shares of TM fell by 0.53% or $-0.67/share to $124.93. In the past year, the shares have traded as low as $83.80 and as high as $134.94. On average, 354262 shares of TM exchange hands on a given day and today's volume is recorded at 225564.
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