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Revision of earnings forecasts7731NIKON CORPORATIONElectrical Equipment and Precision Instruments

Summary of Financial Results for the Fiscal Year Ending March 2026 [IFRS] (Consolidated)

For the fiscal year ended March 2026, revenue decreased, operating profit changed from a profit to an operating loss of ¥112,448 million, and profit for the year attributable to owners of the parent changed from a profit to a loss of ¥86,088 million. This was mainly due to the recognition of substantial impairment losses in the digital manufacturing business and other operations. At the same time, for the fiscal year ending March 2027, the Company forecasts revenue of ¥740,000 million, operating profit of ¥10,000 million and profit for the year attributable to owners of the parent of ¥10,000 million.

Worth reading
79Important
Scored from 4 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-114870
¥ million
Wording
Conditional
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Interim period/full year
Net Sales—→—million
—
Operating profit—→—million
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Profit attributable to owners of the parent—→—million
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Net income per share—→—yen and sen
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The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

In the current fiscal year, results fell substantially below the initial forecast, mainly because the Company recognized impairment losses in the digital manufacturing business due to lower expected future growth in the metal 3D printer market and intensifying competition. In the next fiscal year, the Company expects demand for and a recovery in markets for AI-related semiconductors, FPDs, large metal 3D printers, and defense and space-related products.

Details and amount of extraordinary loss

Impairment losses on non-financial assets of ¥99,141 million, including ¥90,627 million related to the digital manufacturing business, ¥61,268 million in goodwill and ¥27,124 million in intangible assets. The Company also recognized a provision of ¥2,624 million for customer compensation costs, penalties and other expenses related to Optos Plc.

Previous-period resultsFiscal Period Covered Fiscal year ending March 2026 / Revenue 677,163 / Operating loss -112,448 / Loss before tax -106,511 / Loss for the year attributable to owners of the parent -86,088 / Basic loss per share ¥261.57 loss
Dividend forecast revisionFor the fiscal year ending March 2027, the annual dividend is expected to be ¥20, comprising an interim dividend of ¥10 and a year-end dividend of ¥10. It is not specified whether this constitutes a revision.
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net SalesNot disclosed → Interim period 343,000 / Full year 740,000(Interim period 9.6% / Full year 9.3%)
Operating profitNot disclosed → Interim period -7,000 / Full year 10,000
Profit attributable to owners of the parentNot disclosed → Interim period -3,000 / Full year 10,000
Net income per shareNot disclosed → Interim period △9.11 / Full year 30.36
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredInterim period/full year
Previous-period resultsFiscal Period Covered Fiscal year ending March 2026 / Revenue 677,163 / Operating loss -112,448 / Loss before tax -106,511 / Loss for the year attributable to owners of the parent -86,088 / Basic loss per share ¥261.57 loss
Reason for the revisionIn the current fiscal year, results fell substantially below the initial forecast, mainly because the Company recognized impairment losses in the digital manufacturing business due to lower expected future growth in the metal 3D printer market and intensifying competition. In the next fiscal year, the Company expects demand for and a recovery in markets for AI-related semiconductors, FPDs, large metal 3D printers, and defense and space-related products.
Details and amount of extraordinary lossImpairment losses on non-financial assets of ¥99,141 million, including ¥90,627 million related to the digital manufacturing business, ¥61,268 million in goodwill and ¥27,124 million in intangible assets. The Company also recognized a provision of ¥2,624 million for customer compensation costs, penalties and other expenses related to Optos Plc.
Dividend forecast revisionFor the fiscal year ending March 2027, the annual dividend is expected to be ¥20, comprising an interim dividend of ¥10 and a year-end dividend of ¥10. It is not specified whether this constitutes a revision.
Consolidated / non-consolidatedConsolidated
Items this document does not state (2)
Ordinary incomePublication date of previous forecast

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

In the digital manufacturing business, the Company recognized an impairment loss of ¥90,627 million because the earnings initially anticipated were no longer expected to be generated, against a backdrop of lower expected future growth in the metal 3D printer market and intensifying competition. Other factors cited include the downturn in the semiconductor lithography equipment business, stagnation in the US market, the impact of tariffs, changes in the product mix, higher promotional expenses and an increase in provisions for certain transactions.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Summary of Financial Results for the Fiscal Year Ending March 2026 [IFRS] (Consolidated) | NIKON CORPORATION (7731) timely disclosure | Komori