Japan · Delayed Price · Currency is JPY Nikon Earnings Call Transcripts
Fiscal Year 2025
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FY 2025 saw revenue of JPY 715.2 billion and profit decline due to semiconductor weakness and JPY 27.2 billion in one-time costs. FY 2026 projects flat revenue but a sharp profit rebound, driven by cost controls and the absence of one-time charges.
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Revenue and operating profit declined year-over-year due to weak semiconductor-related sales and one-time costs, but Imaging Products and Digital Manufacturing showed strength. Full-year forecasts were revised down, though profit and dividend guidance were maintained.
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Revenue and profit forecasts were revised downward due to delayed semiconductor and components demand, but strong imaging product sales and positive free cash flow provided some offset. Shareholder returns remain robust with increased dividends and a major share buyback.
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Revenue grew year-over-year in Q1, led by Imaging Products and aided by a weak yen, but operating profit was flat as other segments lagged. Full-year revenue guidance was raised, while profit forecasts remain unchanged, with recovery expected in the second half.