Nikon’s third quarter financial results: “Revenue grew on strong sales in the Imaging Business”

• 3 months ago
• Categories: Other Nikon stuff
• Tags: Nikon financial results

Nikon released their latest financial results for the third quarter of the year ending on March 31, 2024:

• Revenue : ¥197.7B (Up ￥30.0B YoY)
• Operating profit : ¥ 20.8B (Down ￥ 5.4B YoY)
• Profit attributable to owners of parent: ¥ 15.1B (Down ￥ 5.5B YoY)
• Revenue grew on strong sales in the Imaging Products Business, increased sales volumes of semiconductor and FPD lithography systems, and consolidation of SLM in the Digital Manufacturing Business.
• Operating profit is down due to one-time costs in the Healthcare Business and increased expenses resulting from the SLM acquisition, etc.

Here are the Q3 details for the Nikon Imaging Business (click for larger view):

• Both revenue and operating profit grew. Sales volumes of mirrorless cameras, mainly the Z 8 and the Z f, and interchangeable lens of mirrorless cameras increased.

Forecast for the year ending March 31, 2024, for the Imaging Business:

• DCIL market expansion driven mainly by China.
• Nikon’s new products (the Z 8 and the Z f) are selling well.
• Nikon has advanced its shift to mirrorless cameras and interchangeable lenses for mirrorless cameras.
• Revenue to rise Yoy on the weaker yen and higher ASP driven by the shift towards mid/high-end cameras.

Nikon Imaging Products Business sales units:

Source: Nikon