Nikon has slashed its fiscal 2025 earnings forecasts downward, anticipating a 72% plunge in attributable profit to 4.5 billion yen or 13.13 yen per share, compared with earlier estimates of 16 billion yen or 46.63 yen per share, respectively.

Meanwhile, revenue is expected to be lower at 715 billion yen from 720 billion yen previously, according to its Tokyo bourse filing on Tuesday.

The downward revision was made after the company booked 14.2 billion in one-time costs, including semiconductor equipment impairments and inventory write-downs.

The final dividend outlook for the fiscal year was also cut to 25 yen per share from 20 yen.

Nikon's shares fell 9% recently.

Price (JPY): $1369.50, Change: $-140, Percent Change: -9.27%