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Nikon reports profit in first quarter

Reuters reports on Nikon's first quarter financial results (April-June, 2010):

" Nikon Corp. reported a more than 15-fold rise in quarterly profit on Thursday on healthy camera sales and improved demand for steppers and scanners used to make chips and liquid crystal displays."

"The company raised its annual single-lens reflex camera sales forecast to 4.25 million units from 4.2 million units and its sales forecast for compact digital cameras to 13.5 million units from 12.5 million."

Read also the related commentary from Bloomberg.

All financial updates from August 5th, 2010 can be found on Nikon's website. Here is the Imaging Division detailed info:

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  • http://products.plantae.sk miso

    thanks to canon

    • http://www.flickr.com/photos/friedtoast/ Fried Toast

      Speaking of them, it would be interesting to see their numbers for the same time period.

  • Eric Duminil

    15 fold or 15%?

    I must admit I don’t really understand what those figures are.

    • http://www.flickr.com/photos/friedtoast/ Fried Toast

      15-fold seems like a mistake to me. I don’t see any actuals numbers there that are divisible by 15 to get the projected numbers. But then again, I just woke up, so not sure if I could add 3 + 3 right now.

    • http://nikonrumors.com/ [NR] admin

      it did not make sense to me as well, but it is not 15% either. Here is a quote from Bloomberg:

      “The profit was 8.15 billion yen ($95 million) in the three months ended June 30, compared with a loss of 4 billion yen a year earlier”

      • http://nikonrumors.com/ [NR] admin

        I will change the title, since this is confusing (coming from Reuters).

        • http://nikonrumors.com/ [NR] admin

          I know I make mistakes, but I thought I can trust Reuters :)

          • http://www.flickr.com/photos/friedtoast/ Fried Toast

            Never trust the news sites 😀

            • http://nikonrumors.com/ [NR] admin

              true, I believe only rumor sites :)

            • Anonymous

              its 15 folds
              operating profit increased from 730mil yen of same period last year to 11312mil yen for the three month of this year. this is from nikon’s financial report.
              thats approx from USD8.5 million in the 3 months last year to USd132million

            • Anonymous

              8.15bn yen is net profit. thats operating profit minus non operating income & expenses such as interests payments and restructuring costs nd losses in financial investments. last year was a net loss.

      • http://joelc.com.au Joel C

        It’s a quarterly result, not an aggregate year figure..

      • Eric Duminil

        So that would be a minus-two-fold rise 😀

    • jesusgay

      15 fold not 15%. Simple.

      Reuters: “Nikon Corp. reported a more than 15-fold rise in quarterly profit …”

      The operating profit of the Q1 this year is 15 times higher than the operating profit in the previous quarter (not the corresponding quarter last year).

  • Anonymous

    One word – Cartel

  • Anonymous

    BTW – this clearly explains why lenses and many other Nikon items are on short supply. Ok it is a business however when these types of things can happen it becomes obvious that there is no real competition in this industry segment.

    Think logically, sony, nikon, canon, and panasonic are all japanese companies. Why would they seriously hurt each other when they can split the market?

    • Seppl

      Because any greed driven enterprise will always strive for monopoly.

  • http://joelc.com.au Joel C

    Given the competition in the market, I think they’ve managed the business well.. As a consumer it’s frustrating that they’ve managed it so well! Release D700 replacement already, then I can pick up a cheaper D700.. :)

    • Seppl

      The D700 is really good, the competition from Sony and Canon is only mild and customers are happy to pay the high price, so why would they want to release a replacement?

      • Rafael

        because is a 12 megapixel camera, simple as that.

        • http://www.iamron.com Ron Adair

          I don’t think people understand this: Nikon is perfectly happy with 12mp. For now. They are killing their competition (from a quality standpoint) in a number of areas using the very 12mp sensors people claim Nikon should be unhappy with.

          I’m not saying some people won’t bemoan their choice. But that doesn’t mean Nikon thinks they’re making the wrong one.

  • Merv

    I couldn’t find “15-fold” in the link anywhere, what was said:

    “The profit was 8.15 billion yen ($95 million) in the three months ended June 30, compared with a loss of 4 billion yen a year earlier, the Tokyo-based company said in a statement today.”

    • http://nikonrumors.com/ [NR] admin
      • http://nikonrumors.com/ [NR] admin

        “TOKYO, Aug 5 (Reuters) – Japan’s Nikon Corp (7731.T) reported a more than 15-fold rise in quarterly profit on Thursday on healthy camera sales and improved demand for steppers and scanners used to make chips and liquid crystal displays.”

    • http://www.iamron.com Ron Adair

      “…operating profit of 11.3 billion yen for the April-June … A year earlier, the company eked out a profit of just 730 million yen…”

      Why is this so difficult to understand? You take 11,300,000,000 and divide it by 730,000,000. You get 15.4794521. That means the current quarter’s number is 15+ times (or 1,500%) larger than that from last year.

      I mean, math isn’t my strongest subject either, but this seems pretty elementary.

      • http://nikonrumors.com/ [NR] admin

        Ron, you nailed it!

  • concerned

    Are we overpaying for our cameras?

    • Seppl

      Full frame, pro lenses? Yes, you can bet on this.

      Entry level? perhaps not so much.

      • Rafael

        I agree with you on this.

        • http://www.iamron.com Ron Adair

          Remember that nicer build quality and class-leading tech doesn’t come free. If you want to pay less, you can always buy the plastic-feeling 5dMii. I would have serious buyers remorse if I had bought that and then picked up a D700. : )

    • http://www.iamron.com Ron Adair

      What makes you think that because a company is profiting they are overcharging? Do you have a business? If not, imagine you do. How do you plan to compete or grow without profit?

  • c Benson

    Looks like all those rebates paid off for Nikon for the past 6 months.

  • http://www.flickr.com/photos/rhlpedrosa/ rhlpetrus

    Really surprising to me, no new bodies, recession, etc. 4.2 million dslrs? That’s amazing, probably back to 40% of market, or has it grown above 10 million units/year?

    Anyway, very good news.

    • http://www.flickr.com/photos/friedtoast/ Fried Toast

      Surprising, but is it sustainable?

    • http://www.iamron.com Ron Adair

      I think this is the strongest indictment against all of these whiners on here. They say Nikon is going to die a miserable death unless they release camera A, B, and C, all with features X, Y, and Z, and do it yesterday, or they’re toast.

      Then reality hits, and it turns out Nikon is actually smarter at business then the world’s most gifted anonymous weekend warriors.

      Although this approach isn’t a permanent one, it seems to be one that’s working.

  • JorPet

    It’s good to see they are making a profit and even better that it is coming across all lines. That speaks well for the global economy. The company has to make a profit or it would cease to exist.

  • Jabs

    Fifteen fold = 15 X and not 15 %

  • Ishouldbeshooting

    Scanners, as in film scanners?

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