NIKON, Apr-Dec (Cumulative 3Q) Net Income Decreases by 75%, Oct-Dec Net Income Decreases by 78%

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Thu Feb 6, 2025 3:30 pm JST Earnings

7731 NIKON CORPORATION 【IFRS】

Earnings Report

NIKON CORPORATION <7731> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 6th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 74.9% from the same period last year to 6.26 billion yen. The progress rate toward the full-year plan of 16 billion yen was 39.1%, also falling below the five-year average of 129.7%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to grow 28.2% from the same period last year, reaching 9.73 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income significantly dropped to 3.29 billion yen, a 78.3% decrease compared to the same period last year. The operating profit margin sharply declined from 10.5% in the same period last year to 1.3%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	456,097	50,623	52,314	39,456	109.2	91.7	Feb 9, 2023	IFRS
Apr - Dec, 2023	528,912	34,438	36,206	24,973	72.1	84.9	Feb 8, 2024	IFRS
Apr - Dec, 2024	512,671	8,110	10,848	6,262	18.1	49.3	Feb 6, 2025	IFRS
YoY	-3.1%	-76.5%	-70.0%	-74.9%	-74.9%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	392,221	16,183	17,546	13,037	39.7	30	Nov 7, 2024	IFRS
Oct - Mar, 2024 New	387,221	13,183	17,546	13,037	39.7	30	Feb 6, 2025	IFRS
Revision Rate	-1.3%	-18.5%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	725,000	22,000	22,000	16,000	48.7	55	Oct 31, 2024	IFRS
Mar, 2025 New	720,000	19,000	22,000	16,000	48.7	55	Feb 6, 2025	IFRS
Revision Rate	-0.7%	-13.6%	0.0%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	385,949	26,147	27,409	22,769	65.7	25	May 9, 2024	IFRS
Oct - Mar, 2024 Guidance	387,221	13,183	17,546	13,037	39.7	30	Feb 6, 2025	IFRS
YoY	+0.3%	-49.6%	-36.0%	-42.7%	-39.7%

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	720,000	19,000	22,000	16,000	48.7	55	Feb 6, 2025	IFRS
YoY	+0.4%	-52.2%	-48.4%	-50.9%	-48.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	197,616	20,809	20,946	15,172	43.8	10.5	Feb 8, 2024	IFRS
Jan - Mar, 2024	188,333	5,338	6,463	7,597	21.9	2.8	May 9, 2024	IFRS
Apr - Jun, 2024	163,896	2,950	4,645	2,755	8.0	1.8	Aug 8, 2024	IFRS
Jul - Sep, 2024	168,883	2,867	-191	208	0.6	1.7	Nov 7, 2024	IFRS
Oct - Dec, 2024	179,892	2,293	6,394	3,299	9.5	1.3	Feb 6, 2025	IFRS
YoY	-9.0%	-89.0%	-69.5%	-78.3%	-78.2%