Notice Regarding Revision of Consolidated Earnings Forecast and Dividend Forecast for the Fiscal Year Ending March 2026 and Reduction of Executive Compensation

Details of Revision to Consolidated Earnings Forecast

Nikon Corporation has revised its consolidated earnings forecast for the fiscal year ending March 2026, lowering revenue to 675,000 million yen (previous forecast: 680,000 million yen). Operating income forecast has been drastically revised downward from a positive 14,000 million yen to a loss of 100,000 million yen. Profit before tax and net income attributable to owners of the parent are also expected to turn significantly negative. The main reasons include downward revision of sales outlooks in the Imaging Business, Healthcare Business, and Digital Manufacturing Business, anticipated impairment losses on non-financial assets, and expected inventory valuation losses. Foreign exchange rates for the fourth quarter have also been revised towards a weaker yen against both the US dollar and euro relative to previous assumptions.

Revision of Dividend Forecast and Reduction of Executive Compensation

In response to the decrease in net income attributable to owners of the parent, the year-end dividend forecast has been reduced from 25 yen to 15 yen, resulting in an annual dividend of 40 yen. Additionally, to clarify managerial responsibility, it has been decided that bonuses and performance-linked stock compensation for the Chairman & CEO and President & COO for the fiscal year ending March 2026 will not be paid. These measures are being implemented as management tightening initiatives in light of the deteriorating business performance.