Nikon published their financial results for the year (ended on March 31, 2015). Here are the Imaging business details:
Sales and income declined 15% and 12% respectively, year on year due to delayed market recovery in China and Europe. Operating income ratio posted 9.7%, exceeding the previous year ratio (9.4%) and the revised forecast (9.0%). Digital camera ― interchangeable lens type and interchangeable lens did not reach the forecasted volume and sales fell short of achieving the revised forecast. But, operating income posted better-than-forecasted result.
The new financial estimation for next year are (ending March 31, 2016):
In spite of market shrinkage, expenditure spending necessary for future growth continues in order to develop markets in
emerging nations, strengthen brand and R&D, etc. Although market conditions continue to be sluggish, expenditure spending will continue to ensure sustainable growth in the future. Year-on-year reductions in sales by 10% and income by 33% are estimated.
