Nikon is doing better than expected, but business is still in “depressed market condition”

Nikon today announced a revision of their financial results for the year ended March 31, 2009:

Earnings estimates (in millions of yen):

                            revised forecast           previous forecast

 Net Sales            879,000                      860,000    

 Net  Income        28,000                        24,000

“Due to stagnation of consumer spending and demand for investment originating from abrupt deterioration of consumer environment caused by global economic slowdown triggered by the global financial crisis as well as appreciation of Japanese Yen and decline of stock market, our businesses are still in depressed market condition.  Under this environment, we carried out the group wide production adjustment and enhanced our sales promotion activities. As a result of these measures, our Imaging business is expected to achieve higher revenue and profit than our prospects, and our consolidated results are expected to exceed our last forecast.”

Source

This entry was posted in Other Nikon stuff. Bookmark the permalink. Trackbacks are closed, but you can post a comment.
  • FCC disclosure statement: this post may contain affiliate links or promotions that do not cost readers anything but help keep this website alive. As an Amazon Associate, I earn from qualifying purchases. When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. Thanks for your support!

  • Back to top