Nikon Corporation (TYO: 7731)

Nikon Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	718,728	717,245	628,105	539,612	451,223	591,012
Revenue Growth (YoY)	7.10%	14.19%	16.40%	19.59%	-23.65%	-16.60%
Cost of Revenue	398,685	407,198	338,931	303,541	295,318	368,978
Gross Profit	320,043	310,047	289,174	236,071	155,905	222,034
Selling, General & Admin	197,931	177,717	149,694	118,260	110,723	130,456
Research & Development	71,141	71,141	67,585	59,884	58,789	61,052
Other Operating Expenses	-2,479	-74	174	456	2,119	-773
Operating Expenses	285,791	267,982	231,402	189,921	183,458	204,925
Operating Income	34,252	42,065	57,772	46,150	-27,553	17,109
Interest Expense	-3,641	-3,195	-1,982	-1,054	-1,246	-1,721
Interest & Investment Income	2,880	5,609	4,179	2,163	2,727	3,911
Earnings From Equity Investments	2,648	2,467	2,543	1,213	1,969	1,816
Currency Exchange Gain (Loss)	-4,410	-4,410	-3,851	-2,287	612	82
Other Non Operating Income (Expenses)	475	475	1,258	473	1,396	1,538
EBT Excluding Unusual Items	32,204	43,011	59,919	46,658	-22,095	22,735
Merger & Restructuring Charges	-	-	-	-	-4,343	-4,573
Gain (Loss) on Sale of Investments	2,062	2,062	302	6,493	7,686	-
Gain (Loss) on Sale of Assets	-217	-217	267	3,537	141	4,123
Asset Writedown	-2,187	-2,187	-3,429	408	-26,731	-10,421
Pretax Income	31,862	42,669	57,059	57,096	-45,342	11,864
Income Tax Expense	6,075	10,535	13,775	14,843	-10,832	4,022
Earnings From Continuing Operations	25,787	32,134	43,284	42,253	-34,510	7,842
Minority Interest in Earnings	-55	436	1,660	426	13	-149
Net Income	25,732	32,570	44,944	42,679	-34,497	7,693
Net Income to Common	25,732	32,570	44,944	42,679	-34,497	7,693
Net Income Growth	-28.25%	-27.53%	5.31%	-	-	-88.43%
Shares Outstanding (Basic)	347	346	358	367	367	386
Shares Outstanding (Diluted)	348	348	360	369	367	388
Shares Change (YoY)	-0.84%	-3.32%	-2.45%	0.58%	-5.26%	-2.53%
EPS (Basic)	74.26	94.03	125.46	116.23	-93.96	19.93
EPS (Diluted)	73.88	93.53	124.77	115.58	-93.96	19.85
EPS Growth	-27.64%	-25.04%	7.95%	-	-	-88.14%
Free Cash Flow	26,091	-8,447	-23,124	13,370	-11,999	-3,044
Free Cash Flow Per Share	74.91	-24.26	-64.20	36.21	-32.68	-7.86
Dividend Per Share	50.000	50.000	45.000	40.000	20.000	40.000
Dividend Growth	0%	11.11%	12.50%	100.00%	-50.00%	-33.33%
Gross Margin	44.53%	43.23%	46.04%	43.75%	34.55%	37.57%
Operating Margin	4.77%	5.86%	9.20%	8.55%	-6.11%	2.89%
Profit Margin	3.58%	4.54%	7.16%	7.91%	-7.65%	1.30%
Free Cash Flow Margin	3.63%	-1.18%	-3.68%	2.48%	-2.66%	-0.52%
EBITDA	75,128	77,731	86,828	71,007	474	51,214
EBITDA Margin	10.45%	10.84%	13.82%	13.16%	0.10%	8.67%
D&A For EBITDA	40,876	35,666	29,056	24,857	28,027	34,105
EBIT	34,252	42,065	57,772	46,150	-27,553	17,109
EBIT Margin	4.77%	5.86%	9.20%	8.55%	-6.11%	2.89%
Effective Tax Rate	19.07%	24.69%	24.14%	26.00%	-	33.90%
Advertising Expenses	-	23,267	18,131	13,932	11,965	19,868

Source: S&P Capital IQ. Standard template. Financial Sources.