Nikon released Q2 financial results

Nikon releases their financial results for the second quarter of the year ending March 31, 2025:

Nikon Imaging only:

No real change or surprises
1^st half revenue at ¥151.7 billion, earnings at ¥28.8.
The full-year forecast remains the same at ¥305 billion, but the earnings forecast raised from ¥45 to ¥47 million.
The full-year forecast remains the same, with 850,000 bodies and 1.35m lenses.
Nikon claims the market is still 6.1 million bodies and 9.6 million bodies (same as the claimed in August).

1^st half units:

Nikon’s unit share:

Bodies: Claims 13.95%, but compared to CIPA units for the same period, is 14.5%.
Lenses: Claims 14.1%, but compared to CIPA units for the same period, is 14.6%.

Revenue share:

Comparing Nikon’s 1^st half revenue to CIPA’s shipped value for the same period, Nikon has a 25.4% share. (thanks ZoetMB)

From the official filings:

During the six months ended September 30, 2024 (from April 1, 2024 to September 30, 2024), in the Imaging Products

Business, both unit sales and sales amount, remained solid in the digital camera market as a whole due to strong sales of

mid-to-high-end products.
In the Imaging Products Business, the Group focused on expanding sales of mid-to-high-end products and interchangeable

lenses targeted at professionals and hobbyists, especially Z8, Zf, newly released Z6III, and other Z series full-frame

mirrorless cameras, resulting in strong sales. Accordingly, the business segment recorded year-on-year increases in both

revenue and profit because of higher average unit selling prices backed by the improved product mix. As a result, the

business segment recorded revenue of 151,791 million yen (up 10.2% year on year) and operating profit of 28,848 million

yen (up 14.4% year on year).
Regarding the business environment for the year ending March 31, 2025, in the Imaging Products Business, the digital

camera market is projected to remain solid, and we expect market growth, especially for mid- to high-end products.

Nikon Imaging Products Business:

Forecast for the Nikon Imaging Products Business:

Nikon Business segments and major products:

Nikon Imaging Products Business Sales Units:

Source: Nikon