Nikon Corp (NINOF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Dear participants, this is a tokenary present. I would like to thank you for your precious time out of your busy schedule to attend Nikon's financial results briefing. I am pleased to cover the financial results for the previous fiscal year as well as the forecast for the current fiscal year. In the previous fiscal year, revenue was 717.2 billion yen, operating profit was 39.7 billion yen, and profit attributable to owners or parent was 32.5 billion yen. Revenue grew, but profit declined year on year. By segment, except for the components business, we grew in all the businesses in revenue, but the profit went down in all the businesses except for the strong emerging products business. Annual dividend is 50 yen as we had forecasted. The top of the slide shows the revenue and the profit items which I have just explained. As for the free cash flow in the center of the table, the deficit has been improved more than 100 billion yen since last year. Behind this were, first, the improved operating cash flow as well as the sale of the cross-share holdings. Slide 5 shows the actual performance by segment. Far right end. Change from the previous forecast we made in February. Except for the healthcare business and the digital manufacturing business where we had one-time costs, we were able to go above the plan. From now on, I would like to mainly explain year-on-year changes. First, the imaging products business. The market here expanded particularly in China. New mirrorless product Z8 and ZF remained firm in sales. Both camera bodies and lenses grew in sales volume. ASP on average selling price also rose. With the help of exchange rates, both revenue and profit grew substantially. Orbit in profit being 16.6% landed at a high level following the previous year. Slide 7 shows the...