Nikon had another bad financial quarter

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Nikon announced their financial results for the 3rd quarter of the year ending March 31, 2015 and also published a revision of the consolidated financial forecast for the fiscal year ending March 31, 2015:

  • Nikon reported $0.14 earnings per share vs. the estimate of $0.22
  • Nikon's 9 months profit is down
  • Net sales are down
  • Nikon cut their yearly forecast

Additional details:

Nikon Imaging business financial results for the 3rd quarter of the year ending March 31, 2015

  • Sales and income decreased for Q3 and 3 quarters total year on year.
  • D-SLR and compact DSC almost achieved the sales volume forecast.
  • Q3 sales dropped 8% quarter on quarter, but operating income maintained the previous years ratio of approximately 11% by improving product mix and promoting cost reduction activities.

Nikon-Financial-Results-3rd-Quarter-2015-

Nikon Imaging business estimation for the year ending March 31, 2015

  • Sales volume forecast for Q4 is reduced for digital camera-interchangeable lens type and interchangeable lens. Sales forecast remains unchanged, but operating income forecast is downwardly revised.

Nikon-financial-estimation-for-2015-

Revised consolidated financial forecast for the year ending March 31, 2015 (from April 1, 2014 to March 31, 2015)

Nikon-consolidated-financial-forecast-revision-for-2015

Background of revision: The consolidated financial forecast for the fiscal year ending March 31, 2015, announced on November 6, 2014, is revised as above since sales unit of Semiconductor Lithography Systems of the Precision Equipment Business is expected to fail to meet the previous forecast, and sales unit of the Imaging Products Business is also expected to fall short of our assumption as the market for the Digital camera/Interchangeable Lens Type has shrunk in Europe and China.

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