Financial Data and Key Metrics Changes - Revenue for Q1 2025 was JPY163.8 billion, with an operating profit of JPY2.9 billion and profit attributable to owners of parent at JPY2.7 billion, indicating revenue growth but stable profit compared to last year [1][2] - Free cash flow turned negative at JPY8 billion due to acquisition-related expenses, despite operating cash flow being positive at JPY17.5 billion for three consecutive quarters [3] Business Segment Performance - Imaging Products Business: Revenue increased to JPY83.7 billion, up JPY9.3 billion year-on-year, with operating profit rising to JPY17.8 billion, up JPY2.5 billion, driven by strong sales of mirrorless cameras and the weak yen [4][5] - Precision Equipment Business: Revenue decreased to JPY33.1 billion, down JPY4.2 billion year-on-year, with an operating loss of JPY2.1 billion due to delayed installations of semiconductor lithography systems [5][6] - Healthcare Business: Revenue was up JPY1 billion year-on-year, but operating profit declined by JPY2.4 billion, resulting in a deficit of JPY600 million due to sluggish sales in the U.S. and Europe [7] - Components Business: Revenue and operating profit decreased year-on-year due to semiconductor market conditions and delayed recovery in factory automation [9] - Digital Manufacturing Business: Revenue grew due to strong sales of large format metal 3D printers, with a reduction in losses as planned [8] Market Data and Key Metrics Changes - The weak Japanese yen positively impacted revenue growth across several segments, particularly in imaging products [2][4] - The healthcare business faced challenges due to high interest rates affecting customer investments, particularly in the U.S. and Europe [7][15] Company Strategy and Development Direction - The acquisition of RED aims to enhance product development in the professional digital cinema market, despite short-term increases in expenses [5] - The company revised its revenue forecast downward for the first half of the year but maintained its full-year profit forecasts, indicating a cautious approach to market conditions [9][10] Management Comments on Operating Environment and Future Outlook - Management acknowledged a sluggish start for operating profit and profit attributable to owners of parent, similar to the previous year, but expressed optimism for the imaging products business [18] - The company aims to achieve operating profit of JPY35 billion and profit attributable to owners of parent of JPY30 billion while managing risks carefully [18] Other Important Information - The company revised its forecasts for various segments, reflecting changes in market conditions and sales timing, particularly in precision equipment and healthcare [10][12] - The digital manufacturing business is expected to remain stable, with no changes to revenue and profit forecasts [17] Q&A Session Summary - No specific questions or answers were documented in the provided content, indicating the end of the Q&A session without notable inquiries or discussions [18]

Financial Data and Key Metrics Changes - Revenue for the previous fiscal year was ¥717.2 billion, with an operating profit of ¥39.7 billion and profit attributable to owners of the parent at ¥32.5 billion, indicating revenue growth but profit decline year-on-year [50] - Free cash flow deficit improved by more than ¥100 billion since last year [2] - Operating profit margin was 16.6%, maintaining a high level compared to the previous year [3] - For the current fiscal year, revenue is forecasted at ¥745 billion, with operating profit expected to be ¥35 billion and profit attributable to owners of the parent at ¥30 billion, indicating revenue growth but profit decline [7] Business Segment Data and Key Metrics Changes - Imaging Products business saw strong sales growth, particularly in China, with new mirrorless products contributing to increased sales volume [49] - Precision Equipment business revenue grew due to higher sales volumes in ArF lithography systems, despite a decline in FPD lithography system sales [52] - Healthcare business revenue grew, driven by Life Science Solutions and contract cell manufacturing [11] - Digital Manufacturing business revenue increased due to the full-year contribution from SLM Solutions, although operating loss expanded due to amortization costs and increased operational expenses [6][66] - Components business faced declines in EUV-related components and optical parts due to postponed capital expenditures [53] Market Data and Key Metrics Changes - The market for digital camera interchangeable lens types is expected to be at 6.1 million units, with a focus on mid to high-end cameras [58] - The Imaging Products business is expected to maintain strong performance, with a forecast of 850,000 camera bodies and 1.35 million lenses sold [59] - The Precision Equipment business anticipates growth in FPD lithography systems, with expectations of 39 units sold, up from 16 units in the previous year [62] Company Strategy and Development Direction - The company is focusing on organic growth while constraining M&A investments, aiming to strengthen management fundamentals [25] - The medium-term management plan targets an operating profit of ¥70 billion for the next fiscal year [21] - The company plans to implement additional share buybacks of ¥30 billion or more [27] - The Imaging Products and Healthcare businesses are expected to drive revenue growth, while the Digital Manufacturing business aims to reduce losses and achieve profitability by FY 2026 [30][67] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of one-time costs and market slowdowns on profit, despite revenue growth [20] - The company expects to achieve a firm performance in Imaging Products, Healthcare, and Digital Manufacturing, with revenue growth anticipated [18] - Management emphasized the importance of improving governance capabilities and enhancing shareholder returns [45][19] Other Important Information - The company completed the acquisition of RED, a major cinema camera manufacturer, to expand its business opportunities in the professional video camera market [60] - The company is targeting an annual dividend of ¥60 for the fiscal year ending March 2026, with an increase in the dividend per share expected [16][8] Q&A Session Summary Question: What are the expectations for the Imaging Products business? - The Imaging Products business is expected to maintain strong performance, with a focus on high-end cameras and an increase in sales volume [49][61] Question: How does the company plan to address the losses in the Digital Manufacturing business? - The company aims to reduce losses in the Digital Manufacturing business by expanding sales of large-format metal 3D printers and targeting defense and aerospace markets [44][66] Question: What are the future plans for the Precision Equipment business? - The Precision Equipment business is expected to grow due to increased investments in new IT panels and a strong demand for high-resolution panels [62]

Company Participants Muneaki Tokunari Over the past six quarters, we continued a negative free cash flow due to the M&A we had in order to expand our business operations as well as the increased inventory. We intend to conduct our business operations while keeping an eye on the free cash flow. For the entire Precision Equipment business, the ARF lithography systems grew in sales, but it was not good enough to overcome the profit decline in the profitable service business and FPD business. For your informati ...

Nikon Corporation (OTCPK:NINOY) Q2 2023 Earnings Conference Call November 10, 2022 2:30 AM ET Company Participants Toshikazu Umatate - President and Chief Executive Officer Muneaki Tokunari - Executive Vice President and Chief Financial Officer Conference Call Participants Toshikazu Umatate My name is Toshikazu Umatate, President and CEO of Nikon Corporation. Thank you very much for taking time out of your busy schedule to attend our financial results briefing today. I will explain our current business situ ...

Financial results for the 2nd quarter of the year ending March 31, 2023 November 10, 2022 NIKON CORPORATION 1. Topics on progress of the Medium-term Management Plan 2. Financial results for the 2nd quarter of the year ending March 31, 2023 3. Forecast for the year ending March 31, 2023 2 The Medium-Term Management Plan is off to a successful start with concrete progress in Strategic Businesses Overview of the Medium-Term Management Plan Source: Medium-Term Management Plan slide deck Where we will be in 2025 ...

Nikon Corporation (OTCPK:NINOY) Q1 2023 Earnings Conference Call August 4, 2022 2:00 AM ET Company Participants Muneaki Tokunari - Chief Financial Officer Conference Call Participants Muneaki Tokunari Good afternoon. My name is Tokunari, CFO of the company. Ladies and gentlemen, thank you very much for coming to Nikon's financial results meeting today despite your busy schedules. Today, I will explain the financial results of Q1 of this year, and the forecast for the full-year. Let me start with the results ...

Financial Results for the 1st quarter of the year ending March 31, 2023 August 4, 2022 NIKON CORPORATION 1. Financial Results for the 1st quarter of the year ending March 31, 2023 2. Forecast for the year ending March 31, 2023 2 Summary for the 1st quarter of the year ending March 31, 2023 • Revenue : ¥145.6B • Operating profit : ¥ 15.3B (Positive in all segments) Actual • Profit attributable to owners of the parent : ¥ 11.8B • Revenue : Up ¥13.4B • Operating profit : Down ¥ 4.6B • Profit attributable to ow ...

Nikon Corporation (OTCPK:NINOF) Q4 2021 Earnings Conference Call May 13, 2021 2:00 AM ET Company Participants Muneaki Tokunari - Chief Financial Officer Conference Call Participants Muneaki Tokunari This is Tokunari. Thank you indeed for your kind attendance. Please turn to Slide 3. First, I'd like to go through the summary for FY 2021 March for the Full Year Results. Revenue was JPY451.2 billion. A big decline on year-on-year basis. Of the JPY139 billion, imaging in products account for about JPY75 billion ...

Financial Results for the year ended March 31, 2021 Progress of Medium-Term Management Plan (FY2019 to FY2021) May 13, 2021 NIKON CORPORATION 1. Financial Results of the year ended March 31, 2021 2. Forecast for the year ending March 31, 2022 3. Progress of Medium-Term Management Plan 2 Summary for the year ended March 31, 2021 • YoY：Down ¥139.8B Revenue ¥451.2B Operating Profit -¥56.2B Profit attributable to owners of the parent -¥34.4B • YoY：Down ¥42.0B - Imaging Products : Although the revenue of mirrorl ...

Nikon Corporation (OTCPK:NINOF) Q3 2021 Results Conference Call February 4, 2021 1:00 AM ET Company Participants Muneaki Tokunari - CFO Muneaki Tokunari This is Tokunari, CFO. I highly appreciate your precious time despite your busy schedule to attend our financial briefing. On January 29, we had a timely disclosure, including the revised forecast for the current fiscal year. Today, I am pleased to have this opportunity to share its details. Allow me first to explain the highlights for the third quarter fro ...