The following is a summary of the Nikon Corporation (NINOY) Q4 2024 Earnings Call Transcript:
Financial Performance:
Nikon reached ¥717.2 billion in revenues, with an operating profit of ¥39.7 billion, and profit attributable to owners of the parent company was ¥32.5 billion.
Revenues increased but profits declined from the previous year.
All sectors except the Components business saw a growth in revenue, but profits declined across all sectors except for the Imaging Products business.
Nikon expects a total revenue of ¥745 billion, an operating profit of ¥35 billion, and a profit attributable to owners of the parent at ¥30 billion for the ongoing financial year.
The annual dividend is planned to be increased from ¥50 to ¥55 in the next fiscal year.
Business Progress:
Sales volume increased for both camera bodies and lenses, particularly in the Chinese market.
The Precision Equipment business grew in revenue, HealthCare business demonstrated growth in revenue from Life Science Solutions and contract cell manufacturing areas, and the Digital Manufacturing business reported revenue growth due to the full-year base contributions of SLM Solutions in Germany.
The company completed the acquisition of RED to expand business opportunities in the professional video camera market.
Nikon plans to focus on mid-to-high-end cameras for the Imaging Products business and expand the mirrorless lineup.
The company anticipates business growth in Imaging Products industry, Healthcare, and Digital Manufacturing and targets an operating profit of ¥70 billion for FY 2025.
More details: Nikon (ADR) IR
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