Risk of failing to achieve the targeted scale of growth in the materials processing business
First written in FY2022-Q2. 8 of 14 entries say "Worsened", first in FY2024-Q2. Latest entry: 2026-08-06.
Nikon moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2025: 16 of 51 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- 2026-08-06MitigatedEarnings presentation
「デジタルマニュファ チャリング事業 売 上 収 益 50 98 280 63 170 170 340 340 営 業 利 益 -41 -89 -1,062 -21 -25 -25 -40 -40」
デジタルマニュファクチャリング事業の第1四半期営業損失が前年同期の41億円から21億円へ縮小した。通期営業損失予想は40億円で据え置かれた。 - FY2026WorsenedAnnual report
「In the Digital Manufacturing business, as the earnings initially expected became unattainable due to a decline in the future growth rate of the metal 3D printer market and intensifying competition, the carrying amount of fixed assets was reduced to their recoverable amount, and the resulting reduction of ¥90,627 million was recorded as an impairment loss.」
The risk of the materials processing and metal AM business failing to achieve its targeted growth materialized as a ¥90,627 million impairment loss, against a backdrop of lower future growth rates and intensifying competition. - FY2026-H1WorsenedAnnual report
「The Digital Manufacturing business reported lower revenue due to a decline in unit sales of large equipment. In addition, the operating loss widened due to higher expenses, including research and development costs and transportation-related expenses.」
The materials processing and metal AM business saw its operating loss widen from ¥6,444 million in the same period of the previous fiscal year to ¥8,963 million due to lower unit sales of large equipment and higher research and development, transportation and other expenses. - FY2025WorsenedAnnual report
「As a result, revenue from the business was ¥23,356 million, up 11.2% from the previous fiscal year. However, profit declined due to higher production costs resulting from lower production volumes of small- and medium-sized equipment, the development of the US base and increased upfront investments in research and development and other areas.」
The materials processing and Digital Manufacturing business reported higher revenue, while its operating loss widened from ¥14,093 million in the same period of the previous fiscal year to ¥15,225 million due to lower production volumes of small- and medium-sized equipment, development of the US base and upfront investments in research and development and other areas. - FY2025-H1MitigatedAnnual report
「Revenue increased due to strong sales of large systems by Nikon SLM Solutions AG. The operating loss narrowed due to the effect of higher revenue and the absence of one-time expenses incurred in the same period of the previous year.」
Although the risk of the materials processing business failing to achieve its targeted scale of growth remains, revenue increased and the operating loss narrowed due to strong sales of large equipment by SLM. - FY2024WorsenedAnnual report
「The Advanced Manufacturing business reported higher revenue following the consolidation of SLM, but its loss widened due to upfront investments in research and development and other areas, one-time expenses associated with launching the business, and amortization of intangible assets resulting from the consolidation of SLM.」
The materials processing and AM business reported higher revenue following the consolidation of SLM, while its loss widened due to upfront investments, one-time expenses and amortization of intangible assets. - FY2024-Q3WorsenedAnnual report
「As before, PBF (Powder Bed Fusion) equipment remained central to the metal additive manufacturing market. The shift toward larger, more production-efficient equipment drove an upward trend in unit prices despite a decline in unit volumes, while the overall metal additive manufacturing market entered a plateau in its growth.」
In the growth market for the materials processing business, the shift toward larger, more production-efficient equipment drove higher unit prices, while the market as a whole entered a plateau in its growth. - FY2024-Q2WorsenedAnnual report
「The Advanced Manufacturing business reported higher revenue following the consolidation of SLM, but its loss widened due to upfront investments in research and development and other areas, one-time expenses associated with launching the business, and amortization of intangible assets resulting from the consolidation of SLM.」
The materials processing and AM business reported higher revenue following the consolidation of SLM, while its loss widened due to upfront investments, one-time expenses and amortization of intangible assets. - FY2024-Q1MaterialisedAnnual report
「The Advanced Manufacturing Division reported higher revenue following the consolidation of Nikon SLM Solutions AG, which was renamed from SLM Solutions Group AG on 24 July and is referred to below as SLM. However, its operating loss widened due to upfront investments in research and development and other areas, one-time expenses associated with launching the business, and amortization of intangible assets resulting from the consolidation of SLM.」
The materials processing and additive manufacturing business reported higher revenue following the consolidation of SLM, while its loss widened due to upfront investments, one-time expenses and amortization of intangible assets, demonstrating the burden associated with growth in its results. - FY2023MaterialisedAnnual report
「Materials processing and robot vision are positioned as medium-term growth drivers for the strategic Digital Manufacturing business. Depending on the pace of transformation in manufacturing as a whole, they may fail to reach the scale expected by fiscal 2025, the final year of the plan period.」
While the risk of the materials processing business failing to achieve its targeted growth continued to be disclosed, the earnings initially expected from Morf3D became unattainable, and an impairment loss of ¥3,997 million was recognized. - FY2022-Q2First statedAnnual report
「During the period of the medium-term management plan announced in May 2019, covering fiscal 2019 through fiscal 2021, the Group has continued to make active investments in the materials processing business, positioning it as a means of creating a new earnings pillar in pursuit of building a foundation for sustainable corporate value growth. However, the business may fail to reach the scale expected by fiscal 2021, the final year of the plan period.」
The possibility that the materials processing business would fail to reach the scale expected by fiscal 2021 was identified as a risk associated with launching a new business. Responses cited included shifting internal resources, M&A, strategic investments and CVC activities.