Nikon Medium Term Management Plan

Transcription

1 株 式 NIKON 会 社 ニコン CORPORATION Corporate Communications 2006 年 月 5 月 15 日 & IR Dept. Nikon Medium Term Management Plan June 18, 2010 NIKON CORPORATION Forward-looking statements for earnings and other performance data contained herein are based on information currently available to the Company, and all potential risks and uncertainties are taken into account. The Company asks that investors understand that changes in conditions may cause actual performance to significantly differ from these projections. 1

2 Agenda Ⅰ. Missions of Nikon Group Ⅱ. Overview of Medium Term Management Plan Ⅲ. Management Plans of each Company Ⅳ. Financial Position and Shareholders Benefit Ⅴ. Summary 2

3 Missions of Nikon Group Nikon's Philosophy Trustworthiness & Creativity Expanding Nikon brand For Nikon group to sustain growth and provide customers with new values Creating new businesses Realizing unified and quickresponding CSR management organizations Strengthening business functions and innovating processes 3

4 Expanding Nikon brand Appeal Nikon brand s strength spirit of innovation added with Fun. Fun Innovation Reliability High quality 4

5 Creating new businesses Create new businesses in existing and new fields. Finding a new direction Generating synergetic effect in peripheral fields Function Acquire from outside Growing fields with high social needs Expertise Technology Existing fields New fields 5

6 Realizing unified and quick-responding organizations Headquarters and companies exercise autonomous management while maintaining a sense of unity and speed in a bid to realizing global cooperation. HQ Precision Equipment Company Imaging Company Instruments Company Glass Business and others Imaging Company Glass Business and others HQ Precision Equipment Company Instruments Company 6

7 Strengthening business functions and innovating processes Both processes/operations and high technological capabilities collaborate at high levels. Advanced Technology All business functions including marketing, manufacturing, and services Advanced Technology Strong corporate structure for sustainable growth All business functions including marketing, manufacturing, and services 7

8 CSR-oriented management CSR-oriented management pursues processes to materialize our company philosophy Trustworthiness & Creativity. Nikon s Philosophy Trustworthiness & Creativity Creating new values Enhancing environmental management Utilizing diverse employees Thorough enforcement of compliance 8

9 Agenda Ⅰ. Missions of Nikon Group Ⅱ. Overview of Medium Term Management Plan Ⅲ. Management Plans of each Company Ⅳ. Financial Position and Shareholders Benefit Ⅴ. Summary 9

10 Business Environment Economic trend: Showing continuous growth although degrees of recovery vary depending on industry and region. Growing presence of newly emerging nations Assumed exchange rates (FY2013/3) : 90 yen per US dollar; 110 yen per Euro Business environment: Precision equipment IC: Rapid expansion and continuation of favorable condition LCD: Needs for large scale and high density panels, expansion of Chinese market seeking steady investments Imaging Maintaining constant growth in spite of fierce competitions. Expansion of other digital businesses than camera. Instruments Both bioscience and industrial equipment showing steady growth. In some fields, 2-digit growth is forecasted. 10

11 Consolidated financial targets Gain the leading position in the existing fields Create new businesses Billions of yen 2010/3 2011/3 13 年 3 月 期 2013/3 Net Sales ,100.0 Operating Income Net Income EXCHANGE RATE 10/3 1US DOLLAR=93 1EURO=131 (YEN) 11/3 1US DOLLAR=90 1EURO=120 13/3 1US DOLLAR=90 1EURO=110 11

12 Consolidated financial target of each Company Billions of Yen 2010/3 2011/3 2013/3 Net Sales ,100.0 Precision Equipment Imaging Instruments Operating Income % vs Net Sales (-%) 52.0 (5.9%) (10.9%) Precision Equipment ( - %) 3.0 (1.4%) 28.0 (10.0%) Imaging 52.1 (9.1%) 52.0 (8.8%) 88.0 (12.2%) Instruments -9.3 ( - %) -5.5 ( - %) 4.0 ( 5.0%) 12

13 Capital Investment and R&D Plan Implementing investments to ensure sustainable growth. Maintaining the R&D expenses at 7% of net sales. Precision equipment Imaging Instruments Capital Investment: 120 billion yen total (10 billion yen up from previous plan) R&D expenses: 200 billion yen total (30 billion yen up from previous plan) (cumulative total from fiscal 2011/3 to 2013/3 13

14 Agenda Ⅰ. Missions of Nikon Group Ⅱ. Overview of Medium Term Management Plan Ⅲ. Management Plans of each Company Ⅳ. Financial Position and Shareholders Benefit Ⅴ. Summary 14

15 Precision Equipment Company Expanding market shares and improving earning power in the cutting-edge equipment field Creating new products and new businesses 15

16 Precision Equipment Company Challenges IC steppers and scanners Strengthen competitiveness of ArF immersion scanners to expand market shares. Promote development of next-generation systems and technologies Strengthen business structure through operation/process reforms LCD steppers and scanners Reflect customer needs, i.e. large scale panels and high density, to the product lineup Penetrate aggressively into the Chinese market 16

17 Precision Equipment Company Key technologies Concentrating resources to advancement of immersion technologies: NSR-S620 platform Projection lens NA 1.35 Overlay accuracy 2 nm Throughput 200 wafers/h Installation 20 days 17

18 Precision Equipment Company Key technologies Nikon s propriety multi-lens projection optical system that accommodates needs for large plates Promoting system development with high performance and high density technologies 18

19 Precision Equipment Company Market and Shares:IC Steppers and Scanners Forecast by Nikon 2010/3 112 units Nikon 32% 2013/3 215 units Nikon 37% Market and Shares: LCD Steppers and Scanners 2010/3 2013/3 74 units Nikon 61% 80 units Nikon 60% 19

20 Precision Equipment Company Market of immersion scanners(volume) Units 140 Forecast by Nikon /3 07/3 08/3 09/3 10/3 11/3 12/3 13/3 20

21 Imaging Company Leading company in digital camera industry Expanding the domain of imaging business 21

22 Imaging Company Challenges Add the innovation, originality, and fun to brand image. Create markets through development of nextgeneration products and new business territories products. Strengthen earning power by constantly improving our business structure. 22

23 Imaging Company Digital Image Communications Digital technology Embedded software Software technology Image sensor Image processing engine Firmware Application software Light sensing Output technology Optical technology Camera technology Precision technology Network technology Projector display Wearable display Lens technology Vibration reducing mechanism High density PCB Internet 23

24 Imaging Company Market and Shares:SLR-DSC Forecast by Nikon 2010/3 Nikon 34% 10,880 thousand units 2013/3 Nikon 35% 19,000 thousand units Market and Shares:C-DSC 2010/3 Nikon 11% 2013/3 Nikon 14% 102,740 thousand units 130,000 thousand units 24

25 Imaging Company Market of SLR-DSC (Volume) Thousands units 20,000 Forecast by Nikon Market of C-DSC (Volume) Thousands units 140,000 18,000 16, ,000 14,000 12,000 10,000 8, ,000 80,000 60,000 6,000 40,000 4,000 2,000 20, /3 07/3 08/3 09/3 10/3 11/3 12/3 13/3 0 06/3 07/3 08/3 09/3 10/3 11/3 12/3 13/3 25

26 Instruments Company Gaining the leading position in existing fields Creating new businesses in the fields of bioscience and measuring instruments 26

27 Instruments Company Challenges Establish the leading position in the field of microscopes by focusing on cutting-edge research instruments. Establish the leading position in non-contact 3D measurement systems in the measuring instruments field. Pursue to create new businesses in the fields of bioscience and measuring instruments 27

28 Instruments Company Key technologies Live Cell Imaging Confocal microscopes Enhance functionality of A1/C1 series Develop and implement super high resolution technologies Observed by Super Resolution Microscope N-SIM Diverse applications of non-contact measurements Develop non-contact metrology instruments that can measure dimensions, roughness, and geometry. Implement on-site measurements and robot measurements camera Provide various measurement technologies including X-ray measurement Measuring a SLR 28

29 Instruments Company Market and Shares:Biological Microscopes Forecast by Nikon 2010/3 Nikon 25% 140 billion yen 2013/3 Nikon 32% 152 billion yen Market and Shares:non-contact 3D measurement 2010/3 Nikon 15% 2013/3 33 billion yen Nikon 30% 14 billion yen 29

30 Agenda Ⅰ. Missions of Nikon Group Ⅱ. Overview of Medium Term Management Plan Ⅲ. Management Plans of each Company Ⅳ. Financial Position and Shareholders Benefit Ⅴ. Summary 30

31 Equity Ratio, Cash & Time Deposit and Interest-bearing Debt Equity ratio Continuing equity ratio of 50% or more % Billions of Yen Interest-bearing debt Cash & Time Deposit /3 2007/3 2008/3 2009/3 2010/3 31

32 Dividend per share and total return ratio Target for a total return ratio: 25% or more Total return ratio % Yen Acquisition of own shares Dividend per share /3 2006/3 2007/3 2008/3 2009/3 2010/3 2011/3 32

33 Agenda Ⅰ. Missions of Nikon Group Ⅱ. Overview of Medium Term Management Plan Ⅲ. Management Plans of each Company Ⅳ. Financial Position and Shareholders Benefit Ⅴ. Summary 33

34 Summary Nikon Group is committed to continue providing new values and growing. Fiscal 2013/3 Net Sales 1,100 billion yen Operating Income 120 billion yen 34