Nikon(NINOY) - 2024 Q3 - Earnings Call Transcript

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 ...