Nikon Corp (NINOF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I am Omura Deputy CFO. I would like to thank you for your precious time despite your busy schedule to attend our financial results briefing today. Today, I would like to report on the first quarter results and the forecast for the full year for FY March 2025. First, allow me to explain the first quarter results. Revenue was 163.8 billion yen. Operating profit was 2.9 billion yen. Profit attributable to owners or parents was 2.7 million yen, while revenue grew, but profit was almost the same as last year. First, revenue increased by 5.7 million yen. In the imaging products business, sales of mirrorless cameras, in the precision equipment business, sales of FPD lithography systems, and in the digital manufacturing business, sales of large format metal 3D printers grew respectively. And in addition, thanks to the effect of the weak Japanese yen, revenue increased year-on-year. On the other hand, operating profit side, though the imaging product business enjoyed a growth in profit, all the segments other than the imaging product business got off to a slow start, resulting in a slight decrease year-on-year. The yellow box on slide 4 shows the main consolidated numbers for the first quarter, and to its right, the year-on-year comparisons. As for free cash flow, as shown in the text in the bottom, operating cash flow was 17.5 billion yen, achieving positive cash flow three quarters in a row. But free cash flow became negative due to the expenses caused by acquisitions of red and image in the product business and other factors. It became negative 8 billion yen. Slide 5 shows the performance by segment for the first quarter. In the yellow box, the top row of each segment shows revenue, and the bottom row shows operating profit. On the year-on-year basis, the imaging products ...