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.