Nikon Corp (NINOF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

This is Omura, Deputy CFO. Thank you for your precious time despite your busy schedule to attend our financial results conference today. I would like to explain our third quarter financial results and the full end forecast for the fiscal year ending March 31, 2025. The top half of the presentation shows the key points for Q1 to Q3 cumulative results and the bottom half for the third quarter alone. For the cumulative results from Q1 to Q3, the nine months from April to December showed a decrease both in revenue and opening profit compared to the previous year. This was due to the impact of a decrease in sales of semiconductor-related business in the precision equipment business and the components business, as well as the recognition of one-time cost of approximately 5 billion yen due to the relocation of the headquarters. the bottom half of the presentation the third quarter alone october through december results also showed a decrease both in revenue and operating profit compared to previous year just like the cumulative results this was due to the decline in sales in the semiconductor related businesses the impact of the absence of sales of G10.5FBD lithography system recognized in the previous year, and the one-time cost of approximately 2.1 billion yen, including restriction costs for the industrial solutions business and impairment losses on idle assets due to reorganizing basis. Slide 4 shows the cumulative results from Q1 to Q3. As for cash flow, although the operating cash flow for the third quarter was nearly 40 billion yen, There were large expenditures in the investment cash flow related to the acquisition of RED and the relocation of headquarters, resulting in the negative free cash flow. Slide 5 shows the cumulative results from Q1 to Q3 by segment. In th...