Nikon’s Financial Results Show Better Than Expected Performance
Nikon has released its financial report for the most recent quarter, showing an overall positive growth trend for interchangeable lens digital cameras.
Nikon has released its financial report for the most recent quarter, showing an overall positive growth trend for interchangeable lens digital cameras.
Ordinarily, it is the end-of-year results that are the most interesting as they provide a picture of how the year has gone and what the outlook for the next year is. However, with this report, Canon has confirmed three critically important aspects of the camera market which gives it increased confidence going forward.
Canon has released its financial results and presentation for the 2019 fiscal year, which included some interesting revelations about 2020. Despite believing the camera market will continue to shrink, Canon predicts 'stable demand' for professional cameras, and outright mentions plans to release an 'advanced' EOS R camera.
The digital camera industry has been nosediving as of late, and Nikon is feeling the pain. In its latest financial results, Nikon revealed some grim numbers and an even darker forecast. The company's business of selling cameras and lenses will no longer be its biggest revenue-generating segment.
Canon released their Q2 2019 financial results earlier this week, showing that recent predictions of a steep decline in profit were on the money (so to speak). But despite reporting significant declines in both Net Sales and Unit Sales of their cameras, the company remains optimistic about its prospects in the mirrorless camera market.
Here's the crazy corner Nikon is in: they can claim a modest 7% increase in operating income for the fiscal year that they just finished, but had far lower net sales and, with restructuring costs, had a significant loss. Nikon predicts that they'll recover to profitability next fiscal year, but with lower sales.
Last week, Canon reported its latest quarter's financial results, which included some big double-digit drops in revenue and profit. Now it's Nikon's turn to show the world how it's finances are doing. The company reported its latest quarterly results yesterday, and the numbers are decent.
It seems like Kodak is having a hard time figuring out how to getting its finances back in the black. Kodak has announced its 3rd quarter financial results, and the numbers aren't pretty -- they're downright ugly, actually. Despite raking in $1 billion over the three-month period ending in September (down 19% from the same period last year), the company still posted a net loss of $312 million (up from a loss of $222M during the same period last year).