Global Sources
EE Times-Asia
Stay in touch with EE Times Asia
EE Times-Asia > Manufacturing/Packaging

Nikon fab tool unit reports losses

Posted: 09 Nov 2010 ?? ?Print Version ?Bookmark and Share

Keywords:semiconductor equipment? quarterly result? camera? immersion tools?

Nikon Corp.'s semiconductor equipment unit continues to lose its focus-and share-in lithography, and to lose money, according to a report from MF Global.

The unit announced revenue of about $993 million in the quarter, up 21.8 percent over last year. Operating loss was reported at about $57.8 million for the quarter, compared to an operating loss of $541.4 million a year ago.

"Nikon reported disappointing Q2 earnings yesterday and revised down its full year target for sales and operating profit (OP). In Q2, OP of 3.9 billion yen ($48 million) was 42 percent below the consensus and 44 percent below our forecasts, owing to 2 LCD stepper unit delays and lower camera profit margins," said David Rubenstein, an analyst with MF Global, in the report.

"In the 1H, SLR lenses and compact camera sales volume growth was healthy, but SLR body unit sales were slightly below guidance," he said.

"IC stepper unit sales in Q2 decreased to 14 units from 16 units last quarter and 15 units last year. Market share gains were limited against ASML, which shipped 23 ArF immersion tools versus Nikon's 6 tools during the quarter. Nikon lowered its full year unit forecast by 1 ArF dry tool," he said.

"IC/LCD stepper's OP loss increased in the quarter to minus 4.1 billion yen ($50.5 million) from minus 600 million yen ($7.4 million) in Q1 as 2 LCD stepper shipments were pushed out to the 2H. We estimate that margins declined in both IC steppers and LCD stepper in Q2," he added.

- Mark LaPedus
EE Times

Find related content:
??-?company/industry news
??-?new products

Article Comments - Nikon fab tool unit reports losses
*? You can enter [0] more charecters.
*Verify code:


Visit Asia Webinars to learn about the latest in technology and get practical design tips.

Back to Top