Nikon(NINOY)
Search documents
Nikon(NINOY) - 2023 Q1 - Earnings Call Transcript
2022-08-06 01:03
Financial Data and Key Metrics Changes - Revenue for Q1 2023 was JPY 145.6 billion, an increase of JPY 13.4 billion year-on-year, while operating profit was JPY 15.3 billion, and profit attributable to owners of the parent was JPY 11.8 billion, showing a decline in profits compared to last year due to the absence of a one-time profit from a land sale [1][2][3] - The corporate profit and loss not attributable to any reportable segments declined by JPY 4.9 billion mainly due to the disappearance of capital gain from last year's land sale [3] Business Segment Performance - Imaging Products Business revenue grew by JPY 11.2 billion year-on-year to JPY 61.2 billion, with operating profits increasing by JPY 4.4 billion to JPY 13.6 billion, driven by a shift to high-end models and a weaker yen [3][4] - Precision Equipment Business revenue was JPY 41.4 billion, a decline of JPY 10.4 billion year-on-year, with operating profit falling by JPY 9.4 billion to JPY 4 billion due to lower unit sales compared to the previous year [3][4] - Healthcare Business saw strong sales in biological microscopes and retinal diagnostic imaging systems, leading to year-on-year growth in both revenue and operating profits [4][14] - Components Business experienced strong sales of optical parts for semiconductor-related products, resulting in increased revenue and operating profit [4][15] - Industrial Metrology Business reported increased sales of CNC video measuring systems, contributing to a year-on-year revenue increase [4][16] Market Data and Key Metrics Changes - The Imaging Products Business faced challenges in China due to lockdowns, but solid sales in other regions compensated for this stagnation [17] - The Precision Equipment Business is expected to see deferred revenue and operating profits due to customer requests for delayed installations [12][13] Company Strategy and Development Direction - The company is focusing on expanding its product lineup, particularly in the mirrorless camera segment, while continuing to support DSLR cameras [10] - The Medium-Term Management Plan aims to strengthen human capital and sustainability strategies, with a focus on achieving revised profit forecasts despite external uncertainties [18][19] Management Comments on Operating Environment and Future Outlook - Management acknowledged risks such as parts procurement constraints, logistics disruptions, and economic slowdowns but emphasized the company's strong earning power and restructuring efforts [17][18] - The full-year forecast was revised upward for Imaging Products, reflecting positive Q1 performance, while other segments remained unchanged due to external uncertainties [7][8] Other Important Information - The annual dividend forecast remains unchanged at JPY 40 [8] - The company plans to continue its DSLR business despite media reports suggesting otherwise, focusing on mirrorless camera development [10] Q&A Session Summary - No specific questions or answers were provided in the document regarding the Q&A session [20]
Nikon(NINOY) - 2023 Q1 - Earnings Call Presentation
2022-08-05 05:45
Financial Performance - Q1 FY2023 - Revenue reached ¥145.6 billion[4], up ¥13.4 billion year-over-year[8], a 10.1% increase[19] - Operating profit was ¥15.3 billion[5], down ¥4.6 billion year-over-year[9] - Profit attributable to owners of the parent was ¥11.8 billion[7], down ¥4.0 billion year-over-year[10] - Excluding one-time profits from land sale and US pension fund, profits were flat year-over-year[11, 12] Segment Performance - Q1 FY2023 - Imaging Products Business revenue increased by ¥11.2 billion and operating profit by ¥4.4 billion due to weaker yen and better product mix[15] - Precision Equipment Business revenue decreased by ¥10.4 billion and operating profit by ¥9.4 billion due to lower sales volumes of FPD lithography systems[15] - Components Business revenue increased by ¥5.2 billion and operating profit by ¥3.3 billion due to increased sales of parts and components[15] Financial Forecast - Full Year FY2023 - Revenue forecast revised upward to ¥625.0 billion, a ¥5.0 billion increase from the previous forecast[59], and a ¥85.4 billion increase year-over-year[66] - Operating profit forecast revised upward to ¥55.0 billion, a ¥5.0 billion increase from the previous forecast[60], and a ¥5.1 billion increase year-over-year[66] - Profit attributable to owners of the parent forecast revised upward to ¥42.0 billion, a ¥4.0 billion increase from the previous forecast[62], but a ¥0.6 billion decrease year-over-year[66] Segment Forecast - Full Year FY2023 - Imaging Products Business revenue forecast revised upward to ¥215.0 billion, a ¥5.0 billion increase from the previous forecast[67], and a ¥36.8 billion increase year-over-year[67] - Imaging Products Business operating profit forecast revised upward to ¥27.0 billion, a ¥5.0 billion increase from the previous forecast[67], and a ¥8.0 billion increase year-over-year[67] - Precision Equipment Business revenue forecast remains unchanged at ¥240.0 billion, a ¥28.8 billion increase year-over-year[67] - Precision Equipment Business operating profit forecast remains unchanged at ¥35.0 billion, a ¥4.4 billion decrease year-over-year[67]
Nikon(NINOY) - 2021 Q4 - Earnings Call Transcript
2021-05-15 00:24
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 ...
Nikon(NINOY) - 2021 Q4 - Earnings Call Presentation
2021-05-13 12:49
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(NINOY) - 2021 Q3 - Earnings Call Transcript
2021-02-08 20:23
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 ...
Nikon(NINOY) - 2021 Q3 - Earnings Call Presentation
2021-02-04 18:15
Financial Results for the 3rd quarter of the year ending March 31, 2021 February 4, 2021 NIKON CORPORATION Summary for the 3rd quarter of the year ending March 31, 2021 • Revenue :¥150.6B • Operating Profit:¥9.9B Actual • Revenue :Down ¥2.8B • Operating Profit : Surpassed by ¥5.9B • Decrease in revenue and increase in operating profit YoY. Surplus in all segments except extraordinary costs. - Imaging Products: Record quarterly sales for mirrorless cameras. Deficit is shrank despite decline in revenue, thank ...