Nikon cuts full-year outlook despite H1 operating profit boost

Nikon Corporation on October 31, 2025, announced a revision to its consolidated financial forecast for the fiscal year ending March 31, 2026. While the first-half (April 1 to September 30, 2025) revenue forecast remained at JPY313,000 million, operating profit was revised upward from JPY(8,000) million to JPY(5,000) million. This improvement was largely attributed to the earlier-than-planned recognition of a gain from the transfer of semiconductor wafer bonding technology R&D business, along with cost reductions and deferrals in other segments, offsetting sales postponements.

However, the full-year consolidated forecast (April 1, 2025, to March 31, 2026) saw downward revisions. Revenue is now projected at JPY680,000 million, down from JPY700,000 million. Operating profit was cut from JPY21,000 million to JPY14,000 million, and profit attributable to owners of parent decreased from JPY27,000 million to JPY20,000 million, with a corresponding drop in basic earnings per share from JPY82.08 to JPY60.78.

These full-year adjustments are primarily due to anticipated shortfalls in sales within the Precision Equipment Business and the Digital Manufacturing Business. The company has also updated its exchange rate assumptions for the third quarter onward, maintaining $1 = JPY145 but revising €1 from JPY155 to JPY170.