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Nikon fiscal Q4 profit falls YOY

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Nikon fiscal Q4 profit falls YOY

Nikon Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥29.14 per share, a decline of 23.0% from ¥37.87 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥11.59 billion, a decline of 23.0% from ¥15.04 billion in the year-earlier period.

The normalized profit margin fell to 4.8% from 6.1% in the year-earlier period.

Total revenue decreased year over year to ¥239.96 billion from ¥248.07 billion, and total operating expenses totaled ¥223.28 billion, compared with ¥224.47 billion in the year-earlier period.

Reported net income decreased 82.5% year over year to ¥1.64 billion, or ¥4.11 per share, from ¥9.32 billion, or ¥23.47 per share.

For the year, the company's normalized net income totaled ¥72.78 per share, a decline of 25.0% from ¥97.09 per share in the prior year.

Normalized net income was ¥28.93 billion, a decrease of 25.0% from ¥38.57 billion in the prior year.

Full-year total revenue fell 12.5% year over year to ¥857.78 billion from ¥980.56 billion, and total operating expenses decreased 11.3% on an annual basis to ¥814.37 billion from ¥917.61 billion.

The company said reported net income fell 60.8% year over year to ¥18.37 billion, or ¥46.21 per share, in the full year, from ¥46.83 billion, or ¥117.88 per share.

As of June 26, US$1 was equivalent to ¥123.96.