Forecasts
Forecasts (FY2025)
（million of yen）
2024/12 |
2025/12 Forecasts |
Increase/ Decrease |
Increase/ Decrease(%) |
|
| Net Sales | 88,475 |
92,000 |
3,524 |
4.0% |
| Operating Income | 19,201 |
20,000 |
798 |
4.2% |
| Ordinary Income | 19,304 |
20,000 |
695 |
3.6% |
| Net Income | 14,526 |
14,800 |
273 |
1.9% |
Regarding economic trends in Japan and overseas in 2025, a gradual recovery is expected overall, however, a high degree of uncertainty is expected to remain due to geopolitical risks such as situation in Ukraine and the Middle East, concerns about the continued slowdown in Chinese economy, and uncertainty surrounding the policies of new U.S. administration.
Looking at the markets in which the Group participates, the entire interchangeable lens camera market is projected to remain on par with the previous fiscal year in volume terms, as the decline in SLR cameras will continue, while mirrorless cameras will continue to be strong. However, in monetary terms, it is projected that there will be an increase due to the strong sales of high value-added products. The interchangeable lens market is also projected to have a similar trend.
In the industrial market, the surveillance camera market is expected to grow steadily due to solid demand for urban surveillance and security in offices and commercial facilities, etc. In addition, the vehicle-mounted camera market is expected to continue to grow at a high rate with the spread of advanced driver assistance systems (ADAS).
Under these circumstances, we will continue to aggressive launch our own-brand interchangeable lenses for mirrorless cameras, which are driving the market, as well as to achieve a full recovery in sales in the surveillance field, expand sales of camera modules, and maintain favorable performance of automotive lenses.
As stated in the “Notice of Upward Revision of the Medium-Term Management Plan and Changes in Shareholder Return Policies (Enhancement of Shareholder Returns)” announced on February 7, 2025, we have revised upward the numerical targets of its medium-term management plan (fiscal year ending December 2024 to fiscal year ending December 2026) announced on February 8, 2024.
In addition to revising our numerical management targets upward, we will implement strategic investments aimed at increasing its efforts to search for and create future business opportunities, and sustainable growth from a medium-to-long-term perspective.
Based on the above, the Group’s consolidated results forecast for the fiscal year ending December 2025 is as follows: net sales of 92,000 million yen (4.0% increase year on year), operating income of 20,000 million yen (4.2% increase year on year), ordinary income of 20,000 million yen (3.6% increase year on year), and profit attributable to owners of parent of 14,800 million yen (1.9% increase year on year).
We have revised our exchange rate assumption for the second quarter onwards and for the full year as follows.
・For the second quarter onwards: 1 USD/JPY=143 JPY (145 JPY before the revision) and 1 EUR/JPY=158 JPY (155 JPY before the revision)
・For the full year : 1 USD/JPY=145 JPY (145 JPY before the revision) and 1 EUR/JPY=158 JPY (155 JPY before the revision).