We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nikon Corporation (NINOY - Free Report) reported a net profit of ¥20.6 billion for the third quarter (ended Dec 31, 2022) compared with the year-ago profit of ¥12.6 billion.
For the third quarter, revenues rose 25.8% year over year to ¥167.7 billion.
Segment Details
The Imaging Products (41.7% of revenues) segment’s revenues rose 49.4% year over year to ¥69.9 billion in the reported quarter, owing to higher sales of Z 9 full-frame mirrorless camera and yen depreciation.
Precision Equipment’s (29.9% of revenues) revenues increased 14.9% from the year-ago quarter to ¥50.2 billion. The uptick was mainly caused by increased sales of semiconductor lithography systems, partly offset by softness in FPD lithography systems sales.
Healthcare (15.2% of revenues) revenues rose 26.2% year over year to ¥25.5 billion in the reported quarter, owing to robust customer demand in life science solutions and eye care solutions.
Components’ (7.2% of revenues) revenues decreased 13% from the year-ago quarter to ¥12.1 billion.
Industrial Metrology and Others’ (6% of revenues) revenues jumped 14.6% year over year to ¥10.2 billion.
Operating Details
In the third quarter (ending Dec 31, 2022), Nikon reported an operating profit of ¥26.2 billion compared with the year-ago quarter’s operating profit of ¥14.8 billion.
The Imaging Products segment’s operating profit was ¥19 billion compared with the operating profit of ¥6.3 billion in the year-ago quarter.
Precision Equipment’s operating profit was ¥8.4 billion compared with the operating profit of ¥5.9 billion in the year-ago quarter.
The Healthcare business’s operating profit was ¥3.6 billion compared with the operating profit of ¥1.9 billion in the year-ago quarter.
The Components’ operating profit was ¥3.5 billion compared with the operating profit of ¥6.7 billion in the year-ago quarter.
The Industrial Metrology and Others segment’s operating profit was ¥0.9 billion compared with the operating profit of ¥1.7 billion in the year-ago quarter.
Balance Sheet
As of Dec 31, 2022, cash and cash equivalents were ¥ 313.5 billion compared with ¥ 345.4 billion as of Sep 30.
Long-term bonds and borrowings were ¥104.8 billion as of Dec 31, 2022, compared with ¥107.5 billion as of Sep 30.
Guidance
For the year ending on Mar 31, 2023, revenues are projected to be ¥630 billion compared with the earlier guidance of ¥645 billion, suggesting a decline of ¥15 billion from the previous year’s reported figure.
Imaging Products’ revenues are expected to rise 29.1% year over year to ¥230 billion. Precision Equipment’s revenues are anticipated to decrease 0.6% to ¥210 billion. Healthcare revenues are expected to rise 27% to ¥93 billion.
Components’ revenues are expected to jump 29.7% year over year to ¥53 billion. Industrial Metrology and Others’ revenues are expected to increase 22.2% to ¥44 billion.
Operating profit is estimated to be ¥55 billion. Earnings for the fiscal year are projected to be ¥116.71 per share compared with the earlier forecast of ¥115.63 per share.
The Zacks Consensus Estimate for Arista Networks 2022 earnings is pegged at $4.38 per share, rising 0.2 in the past 60 days. The long-term earnings growth rate is anticipated to be 17.5%.
Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 12.7%. Shares of ANET have increased 4.3% in the past year.
The Zacks Consensus Estimate for Jabil’s 2023 earnings is pegged at $8.37 per share, rising 2.3% in the past 60 days. The long-term earnings growth rate is anticipated to be 12%.
Jabil’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 8.8%. Shares of JBL have increased 32.3% in the past year.
The Zacks Consensus Estimate for Bandwidth 2022 earnings is pegged at 37 cents per share, unchanged in the past 60 days. The long-term earnings growth rate is anticipated to be 25%.
BAND's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 301.8%. Shares of the company have declined 57.7% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Nikon's (NINOY) Q3 Earnings Increase Y/Y, Guidance Tweaked
Nikon Corporation (NINOY - Free Report) reported a net profit of ¥20.6 billion for the third quarter (ended Dec 31, 2022) compared with the year-ago profit of ¥12.6 billion.
For the third quarter, revenues rose 25.8% year over year to ¥167.7 billion.
Segment Details
The Imaging Products (41.7% of revenues) segment’s revenues rose 49.4% year over year to ¥69.9 billion in the reported quarter, owing to higher sales of Z 9 full-frame mirrorless camera and yen depreciation.
Precision Equipment’s (29.9% of revenues) revenues increased 14.9% from the year-ago quarter to ¥50.2 billion. The uptick was mainly caused by increased sales of semiconductor lithography systems, partly offset by softness in FPD lithography systems sales.
Healthcare (15.2% of revenues) revenues rose 26.2% year over year to ¥25.5 billion in the reported quarter, owing to robust customer demand in life science solutions and eye care solutions.
Components’ (7.2% of revenues) revenues decreased 13% from the year-ago quarter to ¥12.1 billion.
Industrial Metrology and Others’ (6% of revenues) revenues jumped 14.6% year over year to ¥10.2 billion.
Operating Details
In the third quarter (ending Dec 31, 2022), Nikon reported an operating profit of ¥26.2 billion compared with the year-ago quarter’s operating profit of ¥14.8 billion.
The Imaging Products segment’s operating profit was ¥19 billion compared with the operating profit of ¥6.3 billion in the year-ago quarter.
Precision Equipment’s operating profit was ¥8.4 billion compared with the operating profit of ¥5.9 billion in the year-ago quarter.
The Healthcare business’s operating profit was ¥3.6 billion compared with the operating profit of ¥1.9 billion in the year-ago quarter.
The Components’ operating profit was ¥3.5 billion compared with the operating profit of ¥6.7 billion in the year-ago quarter.
The Industrial Metrology and Others segment’s operating profit was ¥0.9 billion compared with the operating profit of ¥1.7 billion in the year-ago quarter.
Balance Sheet
As of Dec 31, 2022, cash and cash equivalents were ¥ 313.5 billion compared with ¥ 345.4 billion as of Sep 30.
Long-term bonds and borrowings were ¥104.8 billion as of Dec 31, 2022, compared with ¥107.5 billion as of Sep 30.
Guidance
For the year ending on Mar 31, 2023, revenues are projected to be ¥630 billion compared with the earlier guidance of ¥645 billion, suggesting a decline of ¥15 billion from the previous year’s reported figure.
Imaging Products’ revenues are expected to rise 29.1% year over year to ¥230 billion. Precision Equipment’s revenues are anticipated to decrease 0.6% to ¥210 billion. Healthcare revenues are expected to rise 27% to ¥93 billion.
Components’ revenues are expected to jump 29.7% year over year to ¥53 billion. Industrial Metrology and Others’ revenues are expected to increase 22.2% to ¥44 billion.
Operating profit is estimated to be ¥55 billion. Earnings for the fiscal year are projected to be ¥116.71 per share compared with the earlier forecast of ¥115.63 per share.
Zacks Rank & Other Stocks to Consider
Nikon currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader technology space are Arista Networks (ANET - Free Report) , Jabil (JBL - Free Report) and Bandwidth (BAND - Free Report) . Jabil sports a Zacks Rank #1 (Strong Buy), while Arista Networks and Bandwidth carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Arista Networks 2022 earnings is pegged at $4.38 per share, rising 0.2 in the past 60 days. The long-term earnings growth rate is anticipated to be 17.5%.
Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 12.7%. Shares of ANET have increased 4.3% in the past year.
The Zacks Consensus Estimate for Jabil’s 2023 earnings is pegged at $8.37 per share, rising 2.3% in the past 60 days. The long-term earnings growth rate is anticipated to be 12%.
Jabil’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 8.8%. Shares of JBL have increased 32.3% in the past year.
The Zacks Consensus Estimate for Bandwidth 2022 earnings is pegged at 37 cents per share, unchanged in the past 60 days. The long-term earnings growth rate is anticipated to be 25%.
BAND's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 301.8%. Shares of the company have declined 57.7% in the past year.