08 31-12 nikon rd-q1_5
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08 31-12 nikon rd-q1_5

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08 31-12 nikon rd-q1_5 08 31-12 nikon rd-q1_5 Presentation Transcript

  • Agenda I. Financial Results for the First Quarter of the Year Ending March 31,2013 II. Estimation for the Year Ending March 31,2013 Ⅲ.Reference Data 10
  • Summary of Estimation for the Year EndingMarch 31, 2013 Change in the assumed exchange rate will downgrade the sales and incomes:but, the overall performance trend, sales/income increase, will not change.Precision Equipment CompanyThe number of IC and LCD steppers/scanners sold is expected to decrease on year due to themarket contraction. But, the newly launched IC stepper/scanner will secure the profitable 2ndhalf. The previous forecast is unchanged: year-on-year sales down 15% and income down41%.Imaging CompanySales volume forecast is unchanged: however, the assumed exchange rate change forcesdowngrading of both sales and operating income amounts. Both sales and income areexpected to improve 23% and 39% on year.Instruments CompanyIn emerging nations such as Asian countries, the bioscience field strives to expand the shareof biological microscopes for general research and clinical use, while the industrialinstruments field attempts to capture new demand from car industry, etc. The previousforecast is unchanged: sales is expected to grow 9% on year with reduced loss. The assumed exchange rate against Euro is changed from 105 yen to 100 yen. Estimated annual dividend per share: 41 yen (interim dividend 19 yen) 11
  • Estimation for the Year Ending March 31, 2013 12/3 1H Previous est. 1H New est. 1H Change Change 1H Actual (A) 2H (B) (May 10) 2H (C) 2H (C)-(A) (C)-(B) 2H Billions of yen 486.3 485.0 485.0 ±0 Net Sales 918.6 432.3 1,030.0 545.0 1,020.0 535.0 +101.4 -10.0 -10.0 Operating 80.0 61.1 90.0 35.0 85.0 34.0 -1.0 Income 18.9 55.0 51.0 +5.0 -5.0 -4.0 % vs Net Sales 8.7% 8.7% 8.3% Ordinary 89.3 65.1 94.0 38.0 90.0 37.0 -1.0 Income 24.2 56.0 53.0 +0.7 -4.0 -3.0 % vs Net Sales 9.7% 9.1% 8.8% 59.3 50.4 65.0 29.0 60.0 27.0 -2.0 Net Income 8.9 36.0 33.0 +0.7 -5.0 -3.0 % vs Net Sales 6.5% 6.3% 5.9% FCF -34.0 30.0 30.0 +64.0 ±0 ― 80yen 80yen Exchange 79yen 78yen 80yen 80yen 80yen Rate US$ 109yen 114 yen 105yen 101yen 101 yen EURO 104yen 100yenAlthough economy slowdown is concerned in various regions, the sales volume forecast of eachCompany is not changed. As the assumed exchange rate against Euro is changed, the yearly salesand income amounts are downgraded.The previous estimation is as of May 10, 2012. 12
  • Estimation for Precision Equipment Company 12/3 1H Previous est. 1H 1H (May 10) New est. Billions of yen Actual 2H 2H 2H 124.8 85.0 85.0 Net Sales 248.1 123.3 210.0 125.0 210.0 125.0 Operating Income 42.7 23.2 25.0 6.0 25.0 6.0 17.2% 19.5 11.9% 19.0 11.9% 19.0 % vs Net Sales IC Steppers & 26/16 12/ 9 12/ 9 Scanners 55/29units 46/20units 46/20units New / Refurbished 29/13 34/11 34/11 LCD 48 28 28 86units 42units 42unitsSteppers & Scanners 38 14 14IC Steppers &ScannersMarket Scale CY11/12 311units Approx. 240units Approx. 240units LCD Steppers & Scanners 109units Approx. 60units Approx. 60unitsMarket Scale CY11/12 In IC stepper/scanner division, sales of new products, ArF immersion scanner S621D and ArF scanner S320F, will be fully materialized in the 2nd half, making a good start for further expansion in the following year. LCD stepper/scanner is to maintain steady sales of Gen. 5/6 machines for high-precision mid/small-sized panel application. 13
  • Estimation for Precision Equipment Company IC Steppers & Scanners LCD Steppers & ScannersUnits Sales by Technology Units Sales by Generation *Including refurbished systems 90 84 90 86 80 80 18 17 70 66 66 70 3 60 ArF 60 20 20 Immersion 50 32 28 50 42 42 40 10 10 ArF 40 2 2 7G~ 30 9 9 KrF 30 20 34 34 5G/6G 20 35 37 27 27 i-line 10 10 4G 0 6 6 1 2 / 3 Ac t u al Pr e vio u s e st . Ne w e st . 0 1 2 / 3 Ac t u al Pr e vio u s e st . Ne w e st . 14
  • Estimation for Imaging Company Billions of yen 12/3 1H Previous est. 1H 1HCameras & Lenses New est.(1,000 of units sold) Actual 2H (May 10) 2H 2H 360.0Net Sales 587.1 324.5 730.0 360.0 720.0 360.0 262.6 370.0Operating Income 53.9 47.4 80.0 38.0 75.0 37.0 % vs Net Sales 9.2% 6.5 11.0% 42.0 10.4% 38.0Digital camera ― 3,400Interchangeable 4,740 2,730 7,000 3,400 7,000 3,600 Lens Type 2,010 3,600Interchangeable 4,900 4,900 Lens 7,130 3,930 10,000 10,000 5,100 3,200 5,100 7,860 8,400 8,400Compact DSC 17,370 9,510 18,000 9,600 18,000 9,600 D-CIL Market Scale 16,330 19,000 19,000 IL Market Scale 26,410 31,000 31,000 C-DSC Market Scale 99,330 95,000 95,000In the yearly forecasts, the sales volume is unchanged while the sales and operating income aredowngraded due to a change in the assumed exchange rate. 15
  • Estimation for Instruments Company 12/3 1H Previous est. 1H 1H (May 10) New est. Billions of yen Actual 2H 2H 2H 24.6 24.0 24.0 Net Sales 56.0 31.4 61.0 37.0 61.0 37.0 Operating Income -3.1 -2.3 -1.0 -2.5 -1.0 -2.5 -0.8 1.5 1.5 % vs Net Sales -% -% -% Non-contact 3D metrology tools and X-ray inspection systems of Nikon Metrology are regarded as potential products for midterm growth. Development and salesBillions of yen promotion are scheduled this year for future income expansion. Sales is expected to 75 rise 9% with reduced loss. 60 Industrial instruments 45 53% 51% 53% 30 15 47% 49% 47% Bioscience 0 12 / 3 Ac tu al Pre vious e st. Ne w e st. 16
  • Estimation for Capital Expenditure, Depreciation and R&DBillions of yen [Capital Expenditure & Depreciation] Billions of yen [R&D]70 Capital Expenditure 80 77.0 10.0% 65.0 R&D Depreciation Ratio of R&D Investment for equipment 70 68.760 replacement and building 55.9 repair due to Thai floods: 61.4 60.2 60.7 9.0% 13B yen for FY12/3 13B yen for FY13/3(est.) 6050 43.4 5040 8.0% 37.5 29.7 4030 42.0 7.7 % 7.5 % 7.5 % 7.0% 30 32.9 35.9 34.0 7.0 % 32.5 6.8 %20 20 6.0%10 10 0 0 5.0% 09/3 10/3 11/3 12/3 13/3 09/3 10/3 11/3 12/3 13/3 Est. Est. * After 09/3 : Include the amount of acquisition of Lease asset by change of Accounting Standard for Lease Transactions 17