Nikon’s Q2 financial results are out

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In addition to the revised financial forecast, Nikon also published their Q2 financial results for the year ending March 2020 (click for larger view):


Summary:


First half of the year ending March 31, 2020 for the Imaging Products Business:


Forecast for the year ending March 31, 2020:


Forecast for the year ending March 31, 2020 for Imaging Products Business:


Imaging Products Business - challenges and positioning:







Performance by the Imaging Products Business:

For the digital camera-interchangeable lens type, the Group made efforts to increase sales of full-frame mirrorless cameras and their interchangeable lenses, which led to the growth in unit sales of high-class cameras year on year. For the compact digital cameras, the Group focused on sales of high value-added products such as the COOLPIX P1000, which is equipped with a 125x optical zoom lens.

However, overall unit sales of both digital camera-interchangeable lens type and compact digital cameras fell amidst the shrinking market. As a result, revenue for the Imaging Products Business decreased by 21.1% year on year to 119,054 million yen,
and operating profit fell by 84.7% year on year to 2,026 million yen.

Source


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