Nikon 2013 Annual Report Download - page 9

INTERVIEW WITH THE PRESIDENT
7
NIKON CORPORATION A N N U A L R E P O R T 2 0 13
201120102009 2012 2013
80,000
40,000
0
-40,000
-80,000
201120102009 2012 2013
0
200,000
400,000
600,000
800,000
1,000,000
■ Precision Equipment ■ Imaging Products ■ Instruments ■ Other
■ Corporate Expenses
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 corporate 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 two fiscal years between April 1, 2009 and March 31,
2010, operating income (loss) was based on the old method.
120,0001,200,000
(Millions of yen) (Millions of yen)
Operating Income (Loss)
by Business Segment
Years ended March 31
Sales by Business Segment
Years ended March 31
20102009 2011 2012
0
200,000
400,000
600,000
800,000
1,000,000
2013
■ Japan ■ Europe ■ United States ■ North America
■ China ■ Asia–Oceania ■ Other
Notes:
1. The classifications for North America and Asia were changed in
the fiscal year ended March 31, 2011.
2. For the two fiscal years between April 1, 2009 and March 31, 2010,
Australia was added to the “Asia” classification, which was changed
to “Asia–Oceania.”
(Millions of yen)
1,200,000
Sales by Region
Years ended March 31
Despite increased net sales in the fiscal year
ended March 2013, there was a large drop in
operating income. What is your assessment of
the operating performance for the period?
Our results for last fiscal year show that we still
have some important challenges to overcome. This
is particularly highlighted by the contrast between
growing net sales and falling operating income.
However, I believe it is significant that we recorded
more than ¥1 trillion in net sales—a timely reminder
of the many customers who choose to purchase
Nikon products. In my view, the large decrease
in operating income is a manifestation of the
challenges we face in our responsiveness to market
changes as well as in our business operations.
We already have initiated a range of measures to
resolve these issues.
In the fiscal year ending March 2014,
you project net sales growth of 9.8% year
on year and a 66.7% year-on-year jump in
operating income. What do you perceive as
necessary to realize these targets?
I believe that each business has its own specific
focus points. In the Precision Equipment Company,
a recovery in the willingness of semiconductor
manufacturers to invest in equipment is vital.
While in the fiscal year ending March 2014, we
expect capital investment to pick up in the second
half, it is the extent of any such increase that is
crucial. In the area of LCD steppers and scanners,
we are just beginning to see signs of a recovery in
generally stagnant large-screen television-related
equipment demand, and will pay close attention to
how this latent recovery develops. In the Imaging
Company, I believe it is essential that we grasp the
marketplace changes, such as how far the compact
digital camera market is likely to shrink and the
interchangeable lens-type digital camera market
to grow. In the Instruments Company, our key