2 days Ago
Nikon Corporation ( OTCPK:NINOY ) Q2 2025 Earnings Conference Call November 7, 2024 1:00 AM ET Company Participants Muneaki Tokunari - President Yasuhiro Ohmura - Deputy CFO Conference Call Participants Muneaki Tokunari Good afternoon everyone. I am Muneaki Tokunari, President of Nikon Corporation. Thank you very much for taking time to join us today.
I will explain the progress of our medium term management plan. Please look at Slide 3. The current medium term management plan spans a period of four years, and we now have 1.
5 years to go. As stated at the bottom of the slide, our performance in areas other than the imaging products business, is behind our expectations in terms of earnings. The recovery in demand for semiconductor related business has been slower than expected, and the situation remains difficult.
But we will work on measures to restore profitability, including self-help efforts from the second half of the year onwards. On the other hand, since I took office as President in April, I have also started to strengthen the management base, with the aim of achieving our Vision 2030, and we have already seen some results in our growth strategy. Today, I will report on these among others.
First, I will explain the progress in each of the five business segments using Slide 4. For the figures shown on the left, I will rely on the presentation from Deputy CFO, Ohmura later and I will talk about the main business topics on the right. In imaging products business, we completed in April the acquisition of RED, a specialist manufacturer of cinema cameras, which will form the core of our future video strategy.
In the components business, we have also begun restructuring of the former Industrial Metrology Business. We expect to incur one-time expenses of around Ā„2.5 billion in the second half.
But.
