A length in a first direction of the element body is smaller than a length in a second direction of the element body and smaller than a length in a third direction of the element body, the second direction being perpendicular to the first direction, the third direction being perpendicular to the first and second direction. Each of a first terminal electrode and a second terminal electrode includes a sintered conductor layer formed on the element body, a first plated layer formed on the sintered conductor layer, and a second plated layer formed on the first plated layer. In each of a first electrode portion disposed on a principal face and a third electrode portion disposed on a principal face, a maximum thickness of the sintered conductor layer is larger than a thickness of the first plated layer and not more than a thickness of the second plated layer.