Formulating the next Medium-Term Management Plan (from April 2022) based on the vision of where we want to be in 10 years
As demand recovers digitalization progresses Parts procurement and impact by COVID-19in Southeast Asia are constraints
Operating profits improve thanks to sales recovery and lower breakeven point All segments are becoming profitable Revised upward full-year forecast
Based on the recovery in business performance dividends increased in line with our shareholder return policy of 40 or moreShareholder return
In Imaging Products Business become competitive by Mirror Less camera body (Z 9 Z fc etc) andlens lineup enhancement EUV related component expect to be a pillar of revenueBusiness status
Contributing to a sustainable society with the value provided by Nikons uniqueSustainability
The financial targets for the final year of current Medium-Term Management Plan are to be unable to realizeComplete restructuring centered on the Imaging Products Business by the end of this fiscal year and return to sustainable growth
Focus on Digital Manufacturing Vision SystemsRobotics and Healthcare areasStrategy for long-term growth
4
Sustainability strategy based on corporate philosophy of ldquoTrustworthiness and Creativityrdquo
「12 Materialities (CSR Priority Issues)
Innovate the process of manufacturing Contribute to a more comfortable society with imaging and sensing technologies Contribute to peoplesrsquo health and quality of life
Digital Manufacturing Vision SystemsRobotics Healthcare
Three areas for long-term growth
1 Creating social value through core technologies Contributing to a sustainable society through Nikons unique technology in growth areas in addition to existing businesses
3 Promoting a decarbonized society 4 Promoting resource circulation 5 Preventing pollution and conserving ecosystems Manufacturing with low environmental impact
bull Reduce emission of greenhouse gases from offices by 70 or more (compared to FY 2013)bull Shift to renewable energy for 30 of power used in business activities
Reduction of greenhouse gases2030 numerical targets
Businessactivity
SocietyLaborEnvironment
Governance
1 Creating social value through core technologies2 Ensuring trustworthiness by maintaining
and increasing quality
3 Promoting a decarbonized society
4 Promoting resource circulation
5 Preventing pollution and conserving ecosystems
6 Strengthening supply chain management
7 Respecting human rights
8 Diversity and inclusion
9 Employeesrsquo health and safety
10 Thorough compliance
11 Strengthening corporate governance
12 Strengthening risk management
5
Construction Plan of New Head Office
1 ZEB Ready Net Zero Energy Building Ready A building that realizes a comfortable environment while reducing 50 or more of energy consumption by saving energy compared to the energy required for ordinary buildings
2 VAV Variable Air Volume
Commenced specific consideration of new head office constructing plan in a vacant land on the premises of Oi Plant in Shinagawa-ku Tokyo
- For enhancement of corporate value and human resources
Aiming to strengthen development function by consolidating advanced RampD-related division
Creating a workplace that supports flexible work styles
- Environmentally friendlyExpecting to be certified with ldquoZEB Readyldquo1 by reducing
significant amount of energy with a solar shielding exterior facade system design and VAV2 System that responds to the office utilization rate
Planning to generate renewable energy through a solar power generation system
Considering to utilize debt finance of ldquoGreen loanrdquo for a part of building funds
New head office images
Planned site for new HQ building Constriction Schedule (plan)
bull Summer 2022 Construction Startsbull Spring 2024 Construction Completesbull Summer 2024 Operation Starts
Kogaku St
Tachiai St
6
1 Report on status of management
2 Financial results for the 2nd quarter of the year ending March 31 2022
3 Forecast for the year ending March 31 2022
7
YoY
vs previous forecast(Aug 5)
bull Revenue Up yen974B (Revenue increased in all segments)- Despite partial procurement impact revenue increased substantially in all segments mainly driven by ASP
improvement in Imaging Products Business and increased sales volumes of FPD lithography systems in Precision Equipment Business
bull Operating profit Up yen787B- Operating profit improved significantly by effect of increased in sales and no one-time costs (impairment
losses of non-current assets in Imaging Products Business and disposal and write-down of inventory in Precision Equipment Business) booked in the previous year
bull Revenue Down yen20B- Despite upside in the Imaging products Healthcare and Component businesses revenue decreased due to
postpone in sales of some Semiconductor lithography equipment to 2H of the fiscal yearbull Operating profit Surpassed by yen71B
(Operating profit increased in all segments except for Industrial Metrology and Others)- Operating profit increased substantially mainly thanks to gross profit improvement and tailwinds of foreign
exchange rate in Imaging Products Business and advanced installation of some FPD Lithography system scheduled in 2H and strong service business in Precision Equipment Business
1H Actual
bull Revenue yen2730Bbull Operating profit yen321Bbull Profit attributable to owners of the parent
yen264B
Note Amounts in this statement are rounded down to the hundred millions of yen
Summary for the 1H of the year ending March 31 2022
8
Although revenue was slightly lower than the previous forecast In all profit items increased by approx 30 from previous forecast
1H of the year ending March 31 2022 Financial Highlights
Billions of yen
FY20213 1HActual (A)
Previous Forecast(Aug5) (B)
FY20223 1HActual (C)
Change(C)-(A)
Change(C)-(B)
FY20203 1HActual
(reference)
Revenue 1756 2750 2730 +974 -20 2910
Operating Profit -466 250 321 175
vs Revenue -265 91 118 60Profit before income
taxes -388 270 359 201
vs Revenue -221 98 132 69Profit attributable toowners of the parent
-315 200 264 163
vs Revenue -179 73 97 56
FCF -121 ー 208 +329 ー 38
Exchange RateUS $ +84 +29
+27 +07
yen109
yen121
yen107 yen105 yen110 Impact on revenue
EURO yen121 yen125 yen131 Impact on operating profit
+787 +71
+747 +89
+579 +64
P8
P9
P10
P11
P12
P13
P14
P15
P18
P20
P19
P27
P28
P29
9
Revenue increased significantly in all segments Operating profit increased excluding Industrial Metrology and others
1H of the year ending March 31 2022Financial Highlights by Segment
FY20213 1H FY20223 1H ChangeActual(A) Actual（B） (B)-(A)
Revenue 643 892 +39Operating Profit -278 125 yen403BRevenue 638 1192 +87Operating Profit -74 217 yen291BRevenue 257 330 +28Operating Profit -23 09 yen32BRevenue 104 167 +61Operating Profit -09 34 yen43BRevenue 112 146 +30Operating Profit -05 -16 -yen11BRevenue － － ーOperating Profit -74 -50 yen24BRevenue 1756 2730 +55Operating Profit -466 321 yen787B
Precision EquipmentBusiness
Billions of yenImaging Products
Business
Healthcare Business
ComponentsBusiness
Industrial Metrologyand Others
Corporate PL non-attributable to any
reportable segments
Consolidated
Note In April 2021 some production subsidiaries related to the Imaging Products Business Precision Equipment Business and Components Business were transferred toIndustrial Metrology and Others and retroactively applied to the FY20213
P8
P9
P10
P11
P12
P13
P14
P15
P18
P19
P27
P28
P29
10
Compared to Q2 in FY20203 revenue decreased but the profitability improvement in Imaging Products Business contributed to an increase in operating profits FCF was contributed by the sale of some cross-shareholding stocks
2nd quarter of the year ending March 31 2022Financial Highlights
Billions of yen
FY20213 Q2Actual (A)
FY20223 Q2Actual (B) Change (B)-(A)
FY20203 Q2Actual
(reference)Revenue 1109 1408 +299 1481
Operating Profit -261 122 82 vs Revenue -235 87 55
Profit beforeincome taxes -196 148 94
vs Revenue -177 105 63Profit attributable toowners of the parent -180 106 81
vs Revenue -162 75 55
FCF 61 236 +175 45Impact on Revenue
+36Impact on Operating Profit
+11
yen107
yen119yen124 yen130
Exchange Rate US＄
EURO
+383
+344
+286
yen106 yen110
P8
P9
P10
P11
P12
P13
P14
P15
P18
P20
P19
P27
P28
P29
11
bull YoY Revenue increased by improvement of sales mix with shifting to prohobbyist models contributing by sales of new mirrorless camera of Z fc and Z 6ⅡZ 7Ⅱlaunched last year Operating profit increased significantly by no influence of impairment losses of non-current assets posted in FY20213 and reduction of operating cost
bull Vs previous forecast Revenue exceeded the plan due to a weaker yen and improved ASP Operating profit also exceeded the plan by the effect of increasing revenue and cost reduction
1H of the year ending March 31 2022Imaging Products Business
Note In April 2021 some production subsidiaries related to the Imaging Products Business Precision Equipment Business and Components Business were transferred toIndustrial Metrology and Others and retroactively applied to the FY20213
FY20213 1H Previous Forecast FY20223 1H Change Change
Actual (A) (Aug 5) (B) Actual（C） (C)-(A) (C)-(B)
Revenue 643 850 892 +249 +42
Operating Profit -278 100 125 vs Revenue -432 118 140
Digital Camera-Interchangeable
Lens type(Units sold 1000)
380 ー 390 +10 ー
InterchangeableLens
(Units sold 1000)610 ー 660 +50 ー
Compact DSC(Units sold 1000) 120 ー 130 +10 ー
+25+403
Billions of yen
P8
P9
P10
P11
P12
P13
P14
P15
P18
P20
P19
P27
P28
P29
12
bull YoY FPD Lithography Business installations delayed from previous year progressed well thanks to mitigated impact of COVID-19 in China In Semiconductor Lithography Business operation profit increased due to strong sales of refurbished system and service business furthermorethe reduction of disposal and write-down of inventory
bull Vs previous forecast Operating profit beat despite delays of semiconductor lithography system installations and deliveries into 2H as FPD lithography system installations were pulled forward from 2H and the semiconductor lithography system service business trended strongly
1H of the year ending March 31 2022Precision Equipment Business
FY20213 1H Previous Forecast FY20223 1H Change Change
Actual (A) (Aug 5) (B) Actual（C） (C)-(A) (C)-(B)
Revenue 638 1300 1192 +554 -108
Operating Profit -74 180 217 vs Revenue -116 138 182
FPD Lithography Systems(units) 5 ー 30 +25 ー
Semiconductor Lithography Systems
NewRefurbished(units)
63 － 19 -5+6 －
+37
Billions of yen
+291
Note In April 2021 some production subsidiaries related to the Imaging Products Business Precision Equipment Business and Components Business were transferred toIndustrial Metrology and Others and retroactively applied to the FY20213
P8
P9
P10
P11
P12
P13
P14
P15
P18
P19
P27
P28
P29
13
bull YoY Revenue and operating profit increased on strength in sales in biological microscopes and retinal diagnostic imaging systems as the recovery from COVID-19
bull Vs previous forecast Sales were better than expectation in biological microscopes and retinal diagnostic imaging systems Turned profitable for the first time in 1H Making favorable progress toward profitability for the full year
1H of the year ending March 31 2022Healthcare Business
FY20213 1H Previous Forecast FY20223 1H Change Change
Actual (A) (Aug 5) (B) Actual（C） (C)-(A) (C)-(B)
Revenue 257 300 330 +73 +30
Operating Profit -23 00 09 vs Revenue -89 00 27
+32 +09
Billions of yen
P8
P9
P10
P11
P12
P13
P14
P15
P18
P19
P20
P21-1
P28
P29
P30
P31
14
FY20213 1H Previous Forecast FY20223 1H Change Change
Actual (A) (Aug 5) (B) Actual（C） (C)-(A) (C)-(B)
Revenue 104 150 167 +63 +17
Operating Profit -09 30 34 vs Revenue -87 200 204
+43 +04
Billions of yen
1H of the year ending March 31 2022Components Business
bull YoY Expansion in the EUV related component business this year contributed to growth in revenue and profit Sales were strong in optical parts for semiconductor related products and encoders for industrial equipment
bull Vs previous forecast Revenue and profit beat on increased sales volumes of optical parts and encoders
Note In April 2021 some production subsidiaries related to the Imaging Products Business Precision Equipment Business and Components Business were transferred toIndustrial Metrology and Others and retroactively applied to the FY20213
P8
P9
P10
P11
P12
P13
P14
P15
P18
P19
P27
P28
P29
15
bull YoY In the Industrial Metrology Business sales increased due to increased demand for measuring machines and microscopes mainly for new product CNC video measuring systems Expansion of deficit due to the impact of write-downs of inventory posted in Q1 at domestic production subsidiaries belonging to ldquoOthersrdquo
bull Vs previous forecast The Industrial Metrology Business was progressing almost as plannedOperating profit decreased due to temporary decline in utilization changed production plan at some domestic production subsidiaries belonging to Othersldquo
1H of the year ending March 31 2022Industrial Metrology and Others
Note In April 2021 some production subsidiaries related to the Imaging Products Business Precision Equipment Business and Components Business were transferred toIndustrial Metrology and Others and retroactively applied to the FY20213
FY20213 1H Previous Forecast FY20223 1H Change Change
Actual (A) (Aug 5) (B) Actual（C） (C)-(A) (C)-(B)
Revenue 112 150 146 +34 -04
Operating Profit -05 00 -16 vs Revenue -45 00 -110
-11 -16
Billions of yen
P8
P9
P10
P11
P12
P13
P14
P15
P18
P19
P20
P21-1
P28
P29
P30
P31
16
1 Report on status of Management
2 Financial results for the 2nd quarter ofthe year ending March 31 2022
3 Forecast for the year ending March 31 2022
17
Revenue
Operating profit
bull Company total forecast yen5350B (Revised upward yen150B vs previous forecast)- Imaging Products Business Revised upward yen50B to reflect better-than-expected 1H performance- Precision Equipment Business Revised upward yen70B thanks to increased sales number of
FPD lithography system and strong service business in Precision Equipment Business- Components Business Revised upward yen30B on increased sales volumes in optical parts for
semiconductor related products
Profit attributable to owners of the
parentbull Company total forecast yen290B (Revised upward yen70B vs previous forecast)
Shareholder returns
bull Company total forecast yen340B (Revised upward yen70B vs previous forecast)- Imaging Products Business Revised upward yen30B reflecting increase in ASP in 1H etc- Precision Equipment Business Revised upward yen40B due to the impact of increased sales
in the service business etc- Healthcare Business Revised upward yen10B to reflect better-than-expected 1H performance- Components Business Revised upward yen05B on effects from increased revenues etc- Industrial Metrology and Others Revised downward yen15B reflecting 1H results
Forecast for the year ending March 31 2022
bull Annual dividend yen40 interim yen20 (Up annual yen10 from yen30 of the previous forecast)
18
Note EPS (Basic Earning per Share) = Profit attributable to owner of the parent Average number of shares during the termAbove EPS are calculated by approx 0367B shares both at the end of FY20213 and FY20223
Forecast for the year ending March 31 2022Financial Highlights
Billions of yen
FY20213Actual (A)
Previous Forecast(Aug 5) (B)
New Forecast(Nov 4) (C)
Change(C)-(A)
Change(C)-(B)
Revenue 4512 5200 5350 +838 +150
Operating Profit -562 270 340
vs Revenue -125 52 64Profit before income
taxes -453 300 390
vs Revenue -100 58 73Profit attributable toowners of the parent
-344 220 290
vs Revenue -76 42 54
EPS yen-9396 yen5991 yen7898 +yen17294 +yen1907
Annual Dividends yen20 yen30 yen40 +yen20 +yen10
Exchange RateUS $ +yen77 +yen29
+yen25 +yen07
+902 +70
+843 +90
+634 +70
yen106 yen105 yen107 Impact on revenue
EURO yen124 yen125 yen128 Impact on operating profit
P8
P9
P10
P11
P12
P13
P14
P15
P18
P20
P19
P27
P28
P29
19
Note Figures in parentheses are the operating profit excluding the restructuring relevant expensesIn April 2021 some production subsidiaries related to the Imaging Products Business Precision Equipment Business and Components Business were transferred toIndustrial Metrology and Others and retroactively applied to the FY20213
Forecast for the year ending March 31 2022Financial Highlights by Segment
FY20213 New Forecast Change ChangeActual (A) (Nov4 ) (C) (C)-(A) (C)-(B)
Revenue 1502 1700 1750 +165 +29Operating -363 120 150 +yen513B +yen30BProfit (- 330)Revenue 1847 2100 2170 +175 +33Operating -06 190 230 +yen236B +yen40BProfit (- 06)Revenue 628 700 700 +115 plusmn00Operating -30 10 20 +yen50B +yen10BProfit (- 30)Revenue 257 350 380 +479 plusmn86Operating 01 80 85 +yen84B +yen05BProfit (01)Revenue 276 350 350 +268 plusmn00Operating -12 30 15 +yen27B -yen15BProfit (- 03)Revenue － － － － －Operating -150 -160 -160 -yen10B plusmn0Profit (- 150)Revenue 4512 5200 5350 +186 +29Operating -562 270 340 +yen902B +yen70BProfit (- 519)
Corporate PL non-attributable to any
reportable segments
Consolidated
Previous Forecast(Aug 5) (B)
HealthcareBusiness
ComponentsBusiness
IndustrialMetrology and
Others
PrecisionEquipmentBusiness
Imaging ProductsBusiness
Billions of yen
P8
P9
P10
P11
P12
P13
P14
P15
P18
P19
P20
P27
P28
P29
20
Forecast for the year ending March 31 2022Financial Highlights by Segments (2H)
Billions of yen 1H 2H Full yearRevenue 892 858 1750
125 25 150
Revenue 1192 978 2170217 13 230
Revenue 330 370 70009 11 20
Revenue 167 213 38034 51 85
Revenue 146 204 350-16 31 15
Revenue － － －-50 -110 -160
Revenue 2730 2620 5350321 19 340Consolidated Operating
Profit
ComponentsBusiness Operating
Profit
Industrial Metrologyand Others Operating
Profit Corporate PL non-attributable to any
reportable segmentsOperatingProfit
FY20223
Imaging ProductsBusiness Operating
Profit
Precision EquipmentBusiness Operating
Profit
Healthcare Business OperatingProfit
bull Revenue in 2H yen2620B (yen110B decrease vs 1H)
- Precision Equipment Business Forecast todecrease yen214B Installations of FPD lithography system for large panel size were concentrated in 1H
bull Operating profit in 2H yen19B (yen302B decrease vs 1H)
- Imaging Products Business Forecast to decreaseyen100B due to increased initial costs for new products and RampD expenditure in 2H
- Precision Equipment Business Forecast to decrease yen204B due to products mix change and postponement of RampD expenditure
- Corporate PL non-attributable to any reportable segments Unchanged from yen160B of the previous full year forecast The gain from unused land sales (yen23B) was included in 1H
P8
P9
P10
P11
P12
P13
P14
P15
P18
P19
P20
P21-1
P28
P29
P30
21
Revenue Operating Profit bull Revenue Revised upward yen50B up yen248B YoY- The market size of digital cameras and lenses is expected to remain at the same
level as last year due to parts procurement constraints but demand for midhigh end camera and lens is strong
- Launching the mirrorless flagship model Z 9 following well received new mirrorless camera of Z fc By the end of this fiscal year we plan to expand Z-mount mirrorless lens lineup to approx 30 and improve the tie ratio
- Revised upward yen50B of full year forecast reflecting 1H upside of yen42B
bull Operating Profit Revised upward yen30B up yen513B YoY- Full-year operating profit is expected
to increase by yen30B to yen150B mainly due to reflecting 1H upside of yen25B from the previous forecast
- The problem of parts procurementhas become more apparent and required various measures tofocus on stable parts procurement
1502 1700 1750
-363
120 150
-100
0
100
200
300
FY213Actual
FY223Forecast(Aug5)
FY223Forecast(Nov4)
Digital Camera-Interchangeable Lens type (units1000)Market Scale 5520 5800 5400Nikon 840 750 750
Interchangeable lenses (units1000)Market Scale 9110 9700 9200Nikon 1350 1300 1300
Compact DSC(units1000)Market Scale 3430 3200 2850Nikon 260 250 200
yen300B
Forecast for the year ending March 31 2022Imaging Products Business
Note In April 2021 some production subsidiaries related to the Imaging Products Business Precision Equipment Business and Components Business were transferred toIndustrial Metrology and Others and retroactively applied to the FY20213ldquoUS Pensionrdquo is temporary benefits associated with revisions to the pension system of US subsidiaries Almost the same amount of expenses is expected to be impacted negatively to operating profit for FY20223 Q4 onwardldquoForeign exchange impactrdquo derived from the gap between the assumption of exchange rates (1USD= yen105 1EUR=yen125) and 1H actual rates 2H Operating profit forecast is based on the assumption of the forementioned rates
yen125B
yen25B1H actual Adjusted
1H actual2H
forecast
RampDexpenditure
Initial cost for
new products
USPension
ampForeign
exchangeimpact
22
Revenue Operating Profit
bull Revenue Revised upward yen70B up yen323B YoY- FPD Capex in large and mid-sized panels remains strong Revenue
is expected to increase from the previous forecast due to an increase of 1 system for large panels
- SPE 12 new systems will be planned decreased by 1 unit from the previous forecast which expected to be deferred from 2H to the next fiscal year On the other hand Revenue is expected to increase from the previous forecast because reflecting of the booming semiconductor market sales of refurbished system to increase and the service business such as maintenance remains strong
Operating profit Revised upward yen40B up yen236B YoY- Projecting yen230B in operating profit up yen40B from the previous
forecast due to increased revenue in both FPD and Semiconductor Lithography Businesses
- Constraint on parts procurement impact of logistics disruption on systems delivery and strengthening immigration restrictions in countries in sales by the impact of COVID-19 remains risk
FPD Lithography Systems (units)Market Scale(CY1920) 52 120 120
Nikon 29 45 46Semiconductor Lithography Systems (NewRefurbished units)Market Scale(CY1920) 330 370 370
Nikon 1611 1315 1220
18472100 2170
-06
190 230
-100
0
100
200
300
FY213Actual
FY223Forecast(Aug5)
FY223Forecast(Nov4)
yen300B
Forecast for the year ending March 31 2022Precision Equipment Business
Note In April 2021 some production subsidiaries related to the Imaging Products Business Precision Equipment Business and Components Business were transferred toIndustrial Metrology and Others and retroactively applied to the FY20213
23
Revenue Operating Profit
bull Revenue Unchanged from previous forecast up yen72B YoY- Revenue growth driven by retinal diagnostic imaging systems This
year progressing well toward record high sales- Each pipeline of Contract Cell Development and Manufacturing projects
are progressed steady- Progress steadily toward the achievement of the plan this fiscal year
bull Operating Profit Revised upward yen10B up yen50B YoY- Expected to be revised upward by yen10B from the previous forecast to
yen20B reflecting the upside in 1H of the fiscal yearSteady progress toward full year profitability
628700 700
-30
10 20
-10
0
10
20
30
40
50
60
70
80
FY213Actual
FY223Forecast(Aug5)
FY223Forecast(Nov4)
yen80B
Forecast for the year ending March 31 2022Healthcare Business
24
Revenue Operating profit
257
350380
01
80 85
0
10
20
30
40
50
FY213Actual
FY223Forecast(Aug 5)
FY223Forecast(Nov 4)
yen50B
Note Actual in FY20213 and comments referring previous year are reference as new disclosure In April 2021 some production subsidiaries related to the Imaging Products Business Precision Equipment Business and Components Business were transferred toIndustrial Metrology and Others and retroactively applied to the FY20213
bull Revenue Revised upward yen30B up yen123B YoY- EUV related component business in line with the plan- Optical parts for semiconductor related products trending ahead
from the previous forecast
bull Operating profit Revised upward yen05B up yen84B YoY- Revised upward yen05B from the previous forecast expected to
reach yen85B reflecting better-than-expected 1H performance and the effects of increased sales
Forecast for the year ending March 31 2022Components Business
25
Revenue Operating Profit
bull Revenue Unchanged from previous forecast up yen74B YoY- Industrial Metrology Business progressing in line with plan on strength
in sales of measuring machines and microscopes (mainly video measuring systems) benefiting from demand for semiconductors and electronic components
bull Operating profit Revised downward yen15B up yen27B YoY- Revised downward yen15B reflecting 1H losses at a production
subsidiaries belonging to Othersldquo
276
350 350
-12
30 15
-10
0
10
20
30
40
50
FY213Actual
FY223Forecast(Aug5)
FY223Forecast(Nov4)
yen50B
Forecast for the year ending March 31 2022Industrial Metrology and Others
Note In April 2021 some production subsidiaries related to the Imaging Products Business Precision Equipment Business and Components Business were transferred toIndustrial Metrology and Others and retroactively applied to the FY20213
27
Reference Data
28
Forecast for the year ending March 31 2022Financial Highlights (Half yearFull year)
FY20193 FY20203
Billions of yen Full year Full year 1H 2H Full year 1H 2H Full year
Revenue 7086 5910 1756 2756 4512 2730 2620 5350
Operating Profit 826 67 -466 -96 -562 321 19 340 vs Revenue 117 11 -265 -35 -125 118 07 64
Profit beforeincome taxes 879 118 -388 -65 -453 359 31 390
vs Revenue 124 20 -221 -24 -100 132 12 73Profit attributable toowners of the parent 665 76 -315 -29 -344 264 26 290
vs Revenue 94 13 -179 -11 -76 97 10 54
EPS yen16786 yen1993
Annual Dividends yen60 yen40
ROE 112 13
FCF 435 -48
Exchange RateUS $ yen111 yen109 yen107 yen105 yen106 yen110 yen105 yen107 EURO yen128 yen121 yen121 yen126 yen124 yen131 yen125 yen128
yen20 yen40
-64 53
229 -
FY20213 FY20223
-9396 yen7898
P8
P9
P10
P11
P12
P13
P14
P15
P18
P19
P20
P27
P28
P29
29
Note Figures in parentheses are the operating profit excluding the restructuring relevant expensesIn April 2021 some production subsidiaries related to the Imaging Products Business Precision Equipment Business and Components Business were transferred toIndustrial Metrology and Others and retroactively applied to the FY20213
Forecast for the year ending March 31 2022Financial Highlights by Segments (Half yearFull year)
FY20193 FY20203
Billions of yen Full year Full year 1H 2H Full year 1H 2H Full yearRevenue 2961 2258 643 859 1502 892 858 1750
220 -171 -278 -85 -363 125 25 150(226) (- 144) (- 267) (- 63) (- 330)
Revenue 2745 2450 638 1209 1847 1192 978 2170817 480 -74 68 -06 217 13 230
(817) (480) (- 74) (68) (- 06)Revenue 654 620 257 371 628 330 370 700
-19 -24 -23 -07 -30 09 11 20(- 19) (- 24) (- 23) (- 07) (- 30)
Revenue - - 104 153 257 167 213 380- - -09 10 01 34 51 85- - (- 09) (10) (01)
Revenue 725 580 112 164 276 146 204 35069 18 -05 -07 -12 -16 31 15
(75) (18) (- 04) (01) (- 03)Revenue － － － － － － － －
-261 -236 -74 -76 -150 -50 -110 -160(- 256) (- 219) (- 74) (- 76) (- 150)
Revenue 7086 5910 1756 2756 4512 2730 2620 5350826 67 -466 -96 -562 321 19 340
(844) (112) (- 453) (- 66) (- 519)Consolidated Operating
Profit
Precision EquipmentBusiness Operating
Profit
Healthcare Business OperatingProfit
Industrial Metrologyand Others Operating
Profit
ComponentsBusiness Operating
Profit
Corporate PL non-attributable to any
reportable segments
FY20213 FY20223
Imaging ProductsBusiness Operating
Profit
OperatingProfit
P8
P9
P10
P11
P12
P13
P14
P15
P18
P19
P20
P27
P28
P29
30
Forecast for the year ended March 31 2022by Segments vs previous forecast
Billions of yen 1H 2H Full year 1H 2H Full year 1H 2H Full year
Revenue 850 850 1700 892 858 1750 42 08 50OperatingProfit 100 20 120 125 25 150 25 05 30
Revenue 1300 800 2100 1192 978 2170 -108 178 70OperatingProfit 180 10 190 217 13 230 37 03 40
Revenue 300 400 700 330 370 700 30 -30 00OperatingProfit 00 10 10 09 11 20 09 01 10
Revenue 150 200 350 167 213 380 17 13 30OperatingProfit 30 50 80 34 51 85 04 01 05
Revenue 150 200 350 146 204 350 -04 04 00OperatingProfit 00 30 30 -16 31 15 -16 01 -15
Revenue － － － － － － － － －OperatingProfit -60 -100 -160 -50 -110 -160 10 -10 00
Revenue 2750 2450 5200 2730 2620 5350 -20 170 150OperatingProfit 250 20 270 321 19 340 71 -01 70
ComponentsBusiness
Industrial Metrologyand Others
Corporate PL non-attributable to any
reportable segments
Consolidated
Healthcare Business
Change(B)-(A)
Prevuious forecast(Aug 5) (A)
New Forecast(Nov 4) (B)
Imaging ProductsBusiness
Precision EquipmentBusiness
P8
P9
P10
P11
P12
P13
P14
P15
P18
P19
P20
P21-1
P28
P29
P30
P31
31
2nd quarter of the year ended March 31 2022by Segments
Billions of yen Q1 Q2 Q3 Q4 Q1 Q2Revenue 251 392 524 335 500 392
-83 -195 -08 -77 92 33(- 80) (- 187) (- 02) (- 61)
Revenue 196 442 666 543 518 674-57 -17 114 -46 106 111
(- 57) (- 17) (114) (- 46)Revenue 103 154 171 200 158 172
-24 01 07 -14 04 05(- 24) (01) (07) (- 14)
Revenue 46 58 77 76 77 90-03 -06 12 -02 21 13
(- 03) (- 06) (12) (- 02)Revenue 49 63 69 95 67 79
09 -14 05 -12 -10 -06(09) (- 13) (06) (- 05)
Revenue － － － －-46 -28 -35 -41 -15 -35
(- 46) (- 28) (- 35) (- 41)Revenue 647 1109 1506 1250 1322 1408
-205 -261 99 -195 199 122(- 202) (- 251) (105) (- 171)
FY20223
Consolidated OperatingProfit
Healthcare Business OperatingProfit
ComponentsBusiness Operating
Profit
Industrial Metrologyand Others Operating
Profit
FY20213
Imaging ProductsBusiness Operating
Profit
Corporate PL non-attributable to any
reportable segmentsOperatingProfit
Precision EquipmentBusiness Operating
Profit
Note Figures in parentheses are the operating profit excluding the restructuring relevant expensesIn April 2021 some production subsidiaries related to the Imaging Products Business Precision Equipment Business and Components Business were transferred toIndustrial Metrology and Others and retroactively applied to the FY20213
P8
P9
P10
P11
P12
P13
P14
P15
P18
P19
P27
P28
P29
32
Note Equity ratio is ratio of equity attributable to owners of the parent to total assets Cash and Cash Equivalents excludes time deposits with maturities of three months or more
ASSETS
Cash amp Cash Equivalents
Trade amp other receivables
Inventories
Other current financialcurrent assets
Non-currentassets
3352 3138 3284
151 156 96
2625 2357 2226
778 729 705
3038 3517 3691
9944 9897 10002
0
250
500
750
1000
1250
209 213 219
yen1250B
LIABILITIES EQUITY
Other liabilities
Total equity
Interest-bearing debt
Advance received
5292 5387 5764
1323 1403 1402 1378 1476
1614 1951 1631 1222
9944 9897 10002
0
250
500
750
1000
1250
209 213 219
yen1250B
Equity ratio 531 543 574
1H of the year ending March 31 2022Financial Position Breakdown
33
CAPITAL EXPENDITURESDEPRECIATION INVENTORY BREAKDOWN
Note Capital expenditures in FY20203 include the yen40B of leased assets upon the adoption of IFRS16 For the FY20223 the asset recording of rents in the head office building is includedDepreciation from FY20183 includes the amortization of capitalized RampD costs and form FY20203 includes leased assets same as capital expendituresThe Semiconductor Related Equipment Business which had belonged to Industrial Metrology and Others has been transferred to the Precision Equipment Business Inventory of yen28B in the end of FY20193 and yen26B in the end of FY20203 have been transferred from Industrial Metrology and Others to the Precision Equipment Businessas a result of retroactive application to the end of FY20203 respectively
Imaging Products
Precision Equipment
Healthcare
344
249287 305
370
317278
341
280250
0
10
20
30
40
50
183 193 203 213 223Forecast
Capital Expenditures Depreciation
657 510 436 385 400
15201468 1674
14911280
167178
163
15817784
362
309352
323285
27062465
2625
23572226
0
50
100
150
200
250
300
199 203 209 213 219
yen50B yen300B
Industrial Metrologyand OthersComponents
Capital Expenditures Depreciation and Inventory
34
22333
892
441192
12330
6167
5146 14
392
22322
592
13347
35969
16429
18317
21328487
17306
20349
17294
Note The outside and inside circles show the breakdown of FY20223 revenue of yen2730B and FY20213 revenue of yen1756B respectively
BY SEGMENT BY REGION
Japan
United States
Europe
China
Others
Billions of yenBillions of yenIndustrial Metrology and Others
Healthcare
Precision Equipment
Imaging Products
21337643
36638
15257
6104
6112
Components
1H of the year ending March 31 2022 Revenue Breakdown
35
223Forecast
26160
45280
1060
530
320
1170
Healthcare
ImagingProducts
Note RampD expenditures after FY20183 includes capitalization of some development expenditure
Billions of yen
RampD EXPENDITURES RampD EXPENDITURES BREAKDOWN
Corporate (Undistributed)
Industrial Metrology and Others
Precision Equipment（including RampD investments for growth areas
in the Next Generation Project Div)
607639 622 599 620
85 90
105
133116
50
100
150
200
0
10
20
30
40
50
60
70
183 193 203 213 223Forecast
RampD Expenditures RampD vsRevenue ()
yen70B
Components20328169
43258
1058
530
315
1168
Forecast for the year ending March 31 2022 RampD Expenditures
