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NIKON CORPORATION, The Current Fiscal Year Net Income Revised Downward by 47%

Thu Oct 31, 2024 3:00 pm JST Revision

7731 NIKON CORPORATION 【IFRS】

Guidance Update Report

NIKON CORPORATION <7731> [TSE-P] announced a performance revision after the market closed on October 31st (15:00). The consolidated net income for the fiscal year ending March 2025 has downwardly by 46.7%, from the previous forecast of 30 billion yen to 16 billion yen (compared to 32.5 billion yen in the previous period), leading to an increase in the profit decline rate from 7.9% to 50.9%.

At the same time, the April to September period (first half) consolidated net income has downwardly by 64.3%, from the previous forecast of 7 billion yen to 2.5 billion yen (compared to 9.8 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 28.6% to 74.5%.

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Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Prev 346,000 7,000 10,000 7,000 20.2 25 Aug 8, 2024 IFRS
Apr - Sep, 2024 New 332,500 5,500 4,000 2,500 7.2 25 Oct 31, 2024 IFRS
Revision Rate -3.9% -21.4% -60.0% -64.3% -64.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 750,000 35,000 40,000 30,000 91.3 55 Aug 8, 2024 IFRS
Mar, 2025 New 725,000 22,000 22,000 16,000 48.7 55 Oct 31, 2024 IFRS
Revision Rate -3.3% -37.1% -45.0% -46.7% -46.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 331,296 13,629 15,260 9,801 28.3 25 Nov 9, 2023 IFRS
Apr - Sep, 2024 Guidance 332,500 5,500 4,000 2,500 7.2 25 Oct 31, 2024 IFRS
YoY +0.4% -59.6% -73.8% -74.5% -74.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 628,105 54,908 57,058 44,944 125.5 45 May 11, 2023 IFRS
Mar, 2024 717,245 39,776 42,669 32,570 94.0 50 May 9, 2024 IFRS
Mar, 2025 Guidance 725,000 22,000 22,000 16,000 48.7 55 Oct 31, 2024 IFRS
YoY +1.1% -44.7% -48.4% -50.9% -48.2%

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