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

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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%.

Kabutan News

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	87.4	55	Aug 8, 2024	IFRS
Mar, 2025 New	725,000	22,000	22,000	16,000	46.6	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	46.6	55	Oct 31, 2024	IFRS
YoY	+1.1%	-44.7%	-48.4%	-50.9%	-50.5%