Nikon’s half-year revenue dips, but profit jumps 80% amid restructuring

Nikon Corporation announced its consolidated financial results for the first six months of fiscal year 2026. For the period ended September 30, 2025, revenue was JPY 312,915 million, a 6.0% decrease year-on-year. Despite an operating loss of JPY 4,829 million and a loss before tax of JPY 5,265 million, profit attributable to owners of the parent significantly increased by 80.7% to JPY 5,356 million, primarily due to the recognition of deferred tax assets. Basic earnings per share rose to JPY 16.28 from JPY 8.55 in the prior-year period.

The company's total assets increased by JPY 43,694 million to JPY 1,154,208 million as of September 30, 2025, driven by higher inventories and property, plant, and equipment. However, cash and cash equivalents decreased by JPY 2,957 million to JPY 160,633 million. Nikon declared an interim dividend of JPY 25.00 per share, with a planned year-end dividend of JPY 25.00 for a total annual dividend of JPY 50.00.

Looking ahead to the fiscal year ending March 31, 2026, Nikon forecasts a full-year revenue of JPY 680,000 million (down 4.9% year-on-year) and profit attributable to owners of JPY 20,000 million (up 226.6% year-on-year). This reflects ongoing challenges in certain segments but anticipates recovery in semiconductor-related and factory automation markets. The company continues to optimize service centers and reorganize foreign subsidiaries, incurring restructuring costs of JPY 2,022 million.