Nikon 2012 Annual Report Download - page 5

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Key Measures of the Medium Term Management Plan
Nikon achieved increases in net sales and earnings in the fiscal year ended March 2012, despite
the impact from the flooding in Thailand and the strong yen. Net sales fell slightly short of plan,
but operating income and net income both greatly exceeded the consolidated financial targets
announced in May 2011. From the fiscal year ending March 2013, we aim to be the leading company
in all of our principal businesses. In addition, we are targeting the health and medical field as a
new business, and seek to enter the industry within three to five years.
Strengthen business operations and improve the business portfolio
• Expand existing businesses and enhance profitability
• Cultivate new businesses
Cultivate new core businesses, including through alliances with other companies and research institutions
Realize robust corporate characteristics by enhancing business functions
and reforming operational processes
Conduct CSR-oriented global business activities
Capital Investment and R&D Plan
Nikon will make the necessary investments to strengthen capabilities, streamline and promote
laborsaving in existing businesses, as well as support new business development. R&D spending
will be maintained at around 7% of net sales.
Cumulative expenditures for the fiscal years ending March 2013 to 2015
Capital Investment: ¥160 billion (up ¥10 billion from previous plan)
R&D Spending: ¥250 billion (up ¥40 billion from previous plan)
Consolidated Financial Targets
Years ended/ending March 31
(Billions of yen) 2012 (Actual) 2013 2015
Assumed Exchange Rates
2012 U.S.$1 = ¥79 1 euro = ¥109
2013 U.S.$1 = ¥80 1 euro = ¥105
2015 U.S.$1 = ¥80 1 euro = ¥105
(Announced on May 10, 2012)
Net Sales 918.7 1,030.0 1,250.0
Operating Income 80.1 90.0 150.0
Net Income 59.3 65.0 95.0
3
NIKON CORPORATION ANNUAL REPORT 2012