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Nikon’s financial results for the last fiscal year are out

  • Nikon reported a net loss of Y12.62 billion, compared to a year-earlier profit of Y28.06 billion.
  • Operating loss of Y13.85 billion against a profit of Y48.18 billion a year earlier.
  • Sales fell 11% to Y785.50 billion from Y879.72 billion.
  • Nikon's digital camera business picked up, however, contributing to a 30% increase in operating profit from the company's visual product division.
  • The company expects a sharp recovery in the current fiscal year, projecting a net profit of Y30 billion on sales of Y880 billion.

 Nikon Corp. (7731.TO)
    Tokyo
    Year Ended March 31 

Group                   2010          2009
Revenue              Y785.50 bln   Y879.72 bln
Operating Profit     (13.85) bln     48.18 bln
Pretax Profit        (15.33) bln     47.69 bln
Net Profit           (12.62) bln     28.06 bln
Per share
  Earnings           (31.82)         70.76
  Diluted earnings       N/A         67.91
   Figures in parentheses are losses.
    Nikon Corp. also released the following forecasts:
GROUP              1st Half To   Year Ending
                      Sep 2010      Mar 2011
Revenue            Y395.00 bln   Y880.00 bln
Operating Profit      7.50 bln     52.00 bln
Pretax Profit         7.00 bln     50.00 bln
Net Profit            4.00 bln     30.00 bln
Per share
  Earnings           10.09         75.68 

   Results are based on Japanese accounting standards.

Source: WSJ. Detailed financial information can be found on Nikon Investor Relations.

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  • DISLIKE !!!!!!!!!!!!

    I can read Yahoo Finance if I want to know if they make profit or loss

    where is the like / dislike button

    I vote DISLIKE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • http://www.kevinosmondphotography.com/ Kevin 2

    I personally dont mind the 12mp if im doing wedding and stuff, but i cannot do fashion and such with 12mp.

    I dont have the finacial to shoot with a d3x, so i am very much hoping for a new cam with higher pixel and atleast as good noise as the d700.

    I need an all around camera right now, i shoot many different thing in life even though my goal is for fashion for financial purposes i shoot for club, wedding, portrait, etc…

    And i dont need all the AF point, i am happy with 11 point, but i mostly use just 5 of the point….

    I will biting my nail for 2 more month, i hope a new cam comes out before august!!!

  • Vlad

    I hope morons who suggested to raise prices to these astronomical heights are going to be replaced as a results of these numbers Buhahhaha :)))

  • http://nicolaiecostel.blog.com nicolaie

    The 5D2 might outsell the D700 by 5 to 1, butthe D700 will kick it’s a** any given day.

  • Gordon

    For Nikon to improve their financials, they really need to become more aggressive with product releases and not more conservative. Reducing the price of the D3X would be a good start to encourage more sales. They cannot keep their cameras at 12MP forever, they need to diversify more and give people options and not excuses to look at their competitors products.

    It’s as plain as the nose on your face that Nikon have a gaping hole for a alternative high MP body, why this remains unplugged after so long is bewildering. We get that Nikon like to contain costs and reuse sensors, why is there no other Nikon body yet sporting the D3X sensor? Fear of encroaching on D3X sales?

    Nikon only have to add/upgrade a couple of models to offer a stronger line-up:

    D3Xs / D3s / D700x / D700s / D300s / D9000 / D5000 / D3000

    The Holy quadrilogy could be D3Xs / D3s / D700x / D700s giving the pro line multiple options depending on a persons needs and wants. It may not top the charts for video features but for stills photography it be impressive.

    What is Nikon’s rebuff going to be when they get caught out again with the release of the 1Ds Mk IV? Canon will no doubt raise the bar again and further cementing the committment any pro photographers currently locked into the 1Ds tree are married to. In landscape circles there is practically no talk of photographers dumping their 1Ds’s for a D3X’s, Nikon just seem to be pricing and releasing themselves away from this market.

  • SNRatio

    It didn’t look that good for Nikon 3 years ago either. Seemed to lag hopelessly behind. No FF, not enough pro lenses etc.. Then look back at a what happened. Did the D3 and D300 just happen out of nowhere? Dream on.

    Actually, one of Nikon’s problems may be that they do too much product development rather than too little, making several different prototypes, pursuing several different tracks. But, obviously, it works.

    I think it is very probable that one of the main issues holding Nikon back from releasing new models now, is video implementation – maybe in all upcoming models. Because Canon is so much better at PR, Nikon has to release something clearly better than the competition to get the right attention, and that may take some time.

    Increasing unit sales and profits, decreasing revenue – that can make an awesome competitor. Means you are selling more, much cheaper, and still you make profit. I think quite a few commenters here are neither in picture-taking nor business, judging from their perspectives. Or they may have entered the field yesterday.

  • SNRatio

    Gordon:
    “It’s as plain as the nose on your face that Nikon have a gaping hole for a alternative high MP body, why this remains unplugged after so long is bewildering. We get that Nikon like to contain costs and reuse sensors, why is there no other Nikon body yet sporting the D3X sensor? Fear of encroaching on D3X sales?”

    Maybe that it is not good enough for anything but D3X use? And that it does in fact cost Nikon quite a lot to get that performance out of it?

    “The Holy quadrilogy could be D3Xs / D3s / D700x / D700s giving the pro line multiple options depending on a persons needs and wants. It may not top the charts for video features but for stills photography it be impressive.”

    Except that the pro line is not much of a problem for Nikon at all today. So that gets upgraded at the normal speed. It’s the enthusiast/prosumer segment where Canon beats Nikon out flat today. But perhaps they have been listening to you Gordon, and not been working on that… :-)

    ” In landscape circles there is practically no talk of photographers dumping their 1Ds’s for a D3X’s, Nikon just seem to be pricing and releasing themselves away from this market.”

    Sure. In fact, there are so few 1Ds users that Canon has talked about dropping that type of model entirely. So, exactly, there are few to convert. Looking into the 1D and 5DII camps, however…..

  • Kevin

    I’m a firm believer that the 1Ds Mark IV will be an absolute flop when it comes to sales and if anything we may see Canon fall on some extremely hard financial times from not being able to sell flagship bodies anymore. The fact is rather simple that they rushed the 5D Mark II to market basically out of fear when they were in panic mode that Nikon was taking a huge market share on them.

    I would find it highly unlikely that the Canon 5D Mark II is outselling the D700 at a 5:1 ratio however at the same time it could be plausable since Canon really doesn’t sell any of their other top level cameras. There hasn’t been a huge demand for the 1D Mark IV and the 1Ds Mark III has been 100% stagnant since the release of the 5D Mark II. I’d actually argue we’ll see the 1Ds Mark III price fall to the $3,000-$4,000 range just to get rid of existing inventory.

    What will happen if Nikon makes the same mistake by releasing a D700x? The next think you know the flagship cameras simply won’t sell at all and then it creates a bigger problem for newer bodies, lenses, etc.

    In my honest opinion the only people that really are going to buy the 5D Mark II for the most part are rather uneducated on just how bad that camera actually is. No major changes were made to the camera system from the 5D Mark I with the exception of stuffing a new sensor in it and adding video. The camera in all honesty was out dated prior to it even being released.

    For this reason canon is already talking about releasing a 5D Mark III well ahead of the normal product cycle simply because it will remain the companies only pro grade viable option for the next decade.

    For what it’s worth the D3x,D3s,D700 sales are way beyond what the 5d Mark II, 1D and 1Ds sales are and that is why Nikon simply doesn’t care.

    I will say it for the last time. YOU DO NOT NEED 24MP. I can make near identical prints with both the D3s and D3x. I’m not talking about small prints either I’m talking about shots that are 24″x36″ and larger in size. If you seriously need massive images that are larger than that your cliental should be paying for it.

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