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Nikon reports “extraordinary loss”, “fundamental company-wide restructuring”
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Nikon reports “extraordinary loss”, “fundamental company-wide restructuring”# PhotoGear - 摄影器材
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Nikon reports “extraordinary loss”, “fundamental company-wide
restructuring”
"Notice of Recognition of Extraordinary Loss
As announced in “Notice of Restructuring” released on November 8, 2016,
Nikon Group is currently under a fundamental company-wide restructuring to
improve its corporate value as shifting from a strategy pursuing revenue
growth to one pursuing profit enhancement.
In accordance with this restructuring, the Group recorded extraordinary loss
of 29,790 million yen, mainly incurred from inventory write-downs/write-off
in Semiconductor Lithography Business, as restructuring expenses for the
nine months ended December 31, 2016.
Result of Solicitation for Voluntary Retirement
For approximately 1,000 workers a special retirement benefit will be paid in
addition to the normal retirement benefit. Re-employment support services
will also be provided on request.
Revision of the Financial Forecast for the Fiscal Year Ending March 31, 2017
Regarding the consolidated financial forecast for the year ending March 31,
2017, despite the continuous boom in sales of FPD Lithography Systems in the
Precision Equipment Business, consolidated operating income as a whole is
expected to fall below the previous forecast, impacted by the sluggish and
shrinking markets of digital cameras in the Imaging Products Business and
industrial metrology equipments in the Instruments Business.
As announced in “Notice of Restructuring” released on November 8, 2016,
Nikon Group is currently under a fundamental company-wide restructuring in
order to enhance our ability to generate profits and create value. And an
extraordinary loss of approximately 53 billion yen in total, including the
expenses related to “Result of Solicitation for Voluntary Retirement” and
“Notice of Recognition of Extraordinary Loss” released today, is expected
to incur as restructuring expenses, which is 5 billion yen increase from the
previous estimate of 48 billion yen in “Notice of Restructuring” released
on November 8, 2016."
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