Nikon 2012 Annual Report Download - page 11

201020092008 2011 2012
100,000
50,000
0
-50,000
-100,000
150,000
201020092008 2011 2012
1,000,000
800,000
600,000
400,000
200,000
0
■ Precision Equipment ■ Imaging Products ■ Instruments ■ Other
Notes:
1. The “Other” segment comprises businesses not included in reportable
segments, such as the glass-related business and customized
products business.
2. Beginning with the fiscal year ended March 2012, we have revised our
method of allocating expenses. For purposes of comparison, operating
income for the fiscal year ended March 2011 has been revised using the
new standard. The year-on-year change for the fiscal year ended March
2012 has been calculated based on the revised figure for the previous
fiscal year. For the three fiscal years between April 1, 2007 and March 31,
2010, operating income (loss) was based on the old method.
(Millions of yen) (Millions of yen)
Sales by Business Segment Operating Income (Loss)
by Business Segment
9
NIKON CORPORATION ANNUAL REPORT 2012
Nikon’s net sales and operating income rose
despite the Thai floods and appreciating yen.
Please provide an overview of operating
results for the fiscal year ended March 2012.
The tremendous efforts of the Precision Equipment
Company greatly contributed to our results. In IC
steppers and scanners, we expanded sales of ArF
immersion scanners, and in LCD steppers and
scanners, sales of equipment for small to medium-
sized high-definition panels performed well, leading
to increases in unit sales. To improve our earnings
structure, we implemented measures such as
reducing production lead times and trimming costs,
thereby enabling the Precision Equipment Company
to record substantial increases in segment sales
and operating income.
In the Imaging Company, although the first half
of the fiscal year saw a robust performance, in the
second half the flooding in Thailand meant production
was halted for many digital SLR cameras and
interchangeable lenses. However, the impact of this
disruption was minimized by strong sales of the new
Nikon 1 interchangeable lens-type advanced digital
camera, and the increased market share achieved by
the COOLPIX series compact digital cameras.
In the Instruments Company, within a severe
environment characterized by shrinking public
expenditure and restrained capital investment
by semiconductor and electronic-component
manufacturers, we worked to develop business in
the emerging markets of Asia and other regions,
and to expand sales of super-resolution microscope
systems and non-contact 3D measurement systems.
What is your outlook for the operating
environment in the fiscal year ending March
2013 and what are the key points to realizing
the Group’s next phase of growth?
The first key point is how far the Imaging Company
can bolster its performance following suspension
of digital SLR camera and interchangeable
lens production owing to the Thai floods in the
previous fiscal year. The second is how resistant
the Precision Equipment Company will be to the
unavoidable impact of a contracting market.
The third key point is whether the Instruments
Company’s results can outperform the pace of
recovery in the market. These are the three points
we will be focusing on.
The Imaging Company’s performance hinges
on how much lost ground it can regain in digital
SLR cameras and interchangeable lenses after
recovering from the Thai floods. In the non-reflex
camera market—which continues to grow—we
anticipate expanded sales of the Nikon 1. We are
also looking to increase our market share amid a
shrinking compact digital camera market. Bringing
our production of digital SLR cameras back
into good shape, we are forecasting substantial
increases in segment sales and operating income
compared with the previous fiscal year.
In the Precision Equipment Company, we
anticipate deterioration in the markets for both IC
and LCD steppers and scanners in the fiscal year
ending March 2013. Within that overall situation,
for IC steppers and scanners, we expect sales of
both the new NSR-S621D ArF immersion scanner
and the NSR-S320F ArF scanner to move into