Nikon 2004 Annual Report Download - page 10

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precisionequipment
O P E R A T I N G ฀ I N C O M E ฀ ( L O S S ) ฀ ( M I L L I O N S ฀ O F฀ Y E N )
N E T ฀ S A L E S * ฀ ( M I L L I O N S ฀ O F ฀ Y EN )
15 8 ,054
*Theabove฀figures฀include฀intersegment฀sales.
We฀made฀progress฀in฀the฀year฀ended฀
March฀2004as฀our฀structural฀reforms฀
began฀to฀produce฀results.The฀continued฀
development฀of฀our฀profi฀t-reaping฀sales
strategy฀will฀drive฀strong฀growth฀in฀the
year฀ending฀March฀2005.฀
We฀made฀steady฀progress฀in฀the฀year฀ended฀March฀
2004฀by฀taking฀the฀measures฀that฀I฀outlined฀in฀last฀
year’s฀annual฀report.฀First,฀we฀worked฀to฀entrench฀
the฀position฀of฀Nikon฀in฀steppers฀based฀on฀the฀latest฀
technical฀advances.฀We฀launched฀the฀NSR-S307E฀step-
per฀with฀an฀N.A.฀0.85฀lens.฀In฀ArF฀excimer฀steppers฀
we฀captured฀over฀half฀of฀the฀market฀and฀grabbed฀the฀
top฀global฀share฀in฀terms฀of฀total฀sales฀units,฀thereby฀
reinforcing฀our฀position฀as฀the฀leading฀manufacturer฀
in฀the฀world.฀We฀plan฀to฀follow฀up฀these฀gains฀with฀
the฀launch฀of฀the฀NSR-S308F฀model฀equipped฀with฀an฀
N.A.฀0.92฀lens฀that฀has฀a฀resolution฀of฀less฀than฀65nm฀
and฀that฀improves฀throughput฀performance,฀with฀ship-
ments฀scheduled฀to฀commence฀by฀the฀end฀of฀2004.฀
Growth฀in฀demand฀within฀all฀the฀major฀
consumer฀electronics฀market฀segments,฀
notably฀PCs,฀mobile฀phones,฀digital฀camer-
as฀and฀DVD฀equipment,฀drove฀the฀expan-
sion฀of฀the฀semiconductor฀market฀in฀the฀
year฀ended฀March฀2004.฀Semiconductors฀
started฀to฀show฀denite฀signs฀of฀recovery,฀
having฀been฀stagnant฀throughout฀the฀pre-
vious฀year.฀Despite฀this฀progress,฀semicon-
ductor฀manufacturers฀remained฀cautious
about฀investing฀in฀steppers.฀We฀were฀able
to฀post฀net฀sales฀of฀¥158,054฀million฀(up฀
18.7%฀year-on-year)฀while฀squeezing฀the฀
operating฀loss฀to฀¥20,806฀million,฀com-
pared฀with฀a฀loss฀of฀¥24,595฀million฀in฀the฀
year฀ended฀March฀2003.฀
133,102
198,9 91
20 0 4
20 03
20 02
3,634
(24,595)
(20,806 ) 2004
20 03
20 02
8