Nikon financial results for the year ended March 2020

Nikon published their financial results for the year ending March 2020 – as you can expect everything is down with some major changes from the previous forecast:

Here are the results for the Imaging Business:

Next is the forecast for the next year ending on March 31, 2021:

Sales in April and May decreased significantly YoY. Although economic activity is recovering in some areas, the business of luxury goods is expected to continue in a severe business environment for the time being, and the deficit for the second consecutive fiscal year is inevitable.

See also Nikon’s new medium-term management plan:

Nikon’s new medium-term management plan

Nikon laid off 700 workers in Thailand and Laos

Via Nikon

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