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NIKON, Jul-Sep (2Q) Net Income Turns to Loss

Thu Nov 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 November 6th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 5.35 billion yen, an increase 80.8% compared to the same period last year. However, Progress toward the full-year plan of 20.0 billion yen was 26.8%, also falling below the five-year average of 45.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge 4.6 times that of the same period last year, reaching 14.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 4.11 billion yen (compared to a profit of 0.20 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 1.7% in the same period last year to -2.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 331,296 13,629 15,260 9,801 28.3 35.8 Nov 9, 2023 IFRS
Apr - Sep, 2024 332,779 5,817 4,454 2,963 8.6 98.3 Nov 7, 2024 IFRS
Apr - Sep, 2025 312,915 -4,829 -5,265 5,356 16.3 ー Nov 6, 2025 IFRS
YoY -6.0% － － +80.8% +90.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 313,000 -5,000 -5,500 5,000 15.2 25 Oct 31, 2025 IFRS
Apr - Sep, 2025 Results 312,915 -4,829 -5,265 5,356 16.3 25 Nov 6, 2025 IFRS
Revision Rate 0.0% +3.4% +4.3% +7.1% +7.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 382,506 -3,395 79 3,160 9.2 25 May 8, 2025 IFRS
Oct - Mar, 2025 Guidance 367,085 18,829 21,265 14,644 44.5 25 Nov 6, 2025 IFRS
YoY -4.0% － +26,817.7% +363.4% +382.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 717,245 39,776 42,669 32,570 94.0 50 May 9, 2024 IFRS
Mar, 2025 715,285 2,422 4,533 6,123 17.9 50 May 8, 2025 IFRS
Mar, 2026 Guidance 680,000 14,000 16,000 20,000 60.8 50 Oct 31, 2025 IFRS
YoY -4.9% +478.0% +253.0% +226.6% +240.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 202,614 -5,688 -6,315 -139 -0.4 -2.8 May 8, 2025 IFRS
Apr - Jun, 2025 158,121 -1,191 795 9,469 28.8 -0.8 Aug 7, 2025 IFRS
Jul - Sep, 2025 154,794 -3,638 -6,060 -4,113 -12.5 -2.4 Nov 6, 2025 IFRS
YoY -8.3% － -3,072.8% － －

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