| CPC H01C 7/112 (2013.01) [C04B 35/453 (2013.01); C04B 35/64 (2013.01); H01C 7/18 (2013.01)] | 6 Claims |

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1. A method for manufacturing a multilayer varistor, the method comprising:
a first step of providing a multilayer stack in which a plurality of green sheet layers and a plurality of internal electrode paste layers are alternately stacked one on top of another, each of the plurality of green sheet layers containing a Zn oxide powder as a main component thereof and a Pr oxide powder as a sub-component thereof, each of the plurality of internal electrode paste layers containing a Pd powder; and
a second step of forming a sintered compact, including an internal electrode inside, by baking the multilayer stack,
the second step including
a sub-step of baking the multilayer stack by setting an oxygen concentration in an atmosphere at 100 ppm by volume or more while increasing a temperature before a first sub-step;
the first sub-step of baking the multilayer stack by setting the oxygen concentration in the atmosphere at 1000 ppm by volume or less while increasing the temperature from 500° C. to 800° C.; and
a second sub-step of baking, after having performed the first sub-step, the multilayer stack by setting the oxygen concentration in the atmosphere at 1000 ppm by volume or more while increasing the temperature to a maximum allowable temperature.
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