Shares of Japanese electronic components manufacturer Murata Manufacturing Co. $MRAAY have plummeted by a record 18%, marking the largest decline in the past 25 years. This movement in the stock market has been prompted by the company's announcement regarding a significant expected drop in net profit for the fiscal year ending March 2026. In addition to weak demand, particularly for components used in automobiles and smartphones, Murata has identified other challenges affecting its financial outlook.