Nikon Q1 financial results are out

Nikon published their first quarter financial results of the year ending on March 2018:

  • Operating profit of Q1 was ¥12.4 billion exceeding our forecast.
  • Revenue decreased ¥5.6 billion YoY due to FPD lithography sales volume decline and a change in product mix of new DSLRs.

Nikon also revised their financial forecast for the fiscal year ending March 31, 2018 – the company now expect higher revenue and profit:

  • Imaging Products Business: upgraded Revenue and Operating Profit by ¥5.0 billion and ¥3.0 billion respectively partly due to increase of sales volume in Q1

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