Full Year 2023 Nikon Corp Earnings Presentation Transcript

May 11, 2023 / NTS GMT
Presentation
May 11, 2023 / NTS GMT

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Corporate Participants
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* Muneaki Tokunari
Nikon Corporation - Director, Executive VP & CFO
* Toshikazu Umatate
Nikon Corporation - President, CEO & Representative Director

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Muneaki Tokunari - Nikon Corporation - Director, Executive VP & CFO

Good afternoon. I am Tokunari, CFO of the company. Thank you very much for coming to our financial results meeting despite your busy schedules.

I have 3 points: action to improve PBR, which is below 1, in response to the request from the Tokyo Stock Exchange; financial results for the year ended March 31, 2023; and the forecast for the year ending March 31, 2024.

First on the request from the Tokyo Stock Exchange. Nikon sees improvement of PBR, which is below 1, as an important management challenge. In the medium-term management plan, which started last year, we set an ROE target that is conscious of cost of equity.

The ROE over the past 2 years was over 7%. As the

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