Today Nikon released their Q3 financial results for the year ending on March 31, 2019:
“High-end camera sales was brisk thanks to the new ML launch, but fierce competitions in the shrinking entry/mid-range DSLR markets
suppressed the volume largely in addition with the initial cost, resulting in revenue/profit reductions.”
Here is a recap by ZoetMB:
- Nikon originally forecast Imaging Division Revenue of ¥320 billion and the new forecast is ¥305, down 15.44% from 2018.
- They forecast Earnings of ¥29 billion, raised the forecast to ¥33 billion in August and the new forecast is ¥25 , down 17.22% from 2018.
- They forecast 2.3 million DCIL units and the new forecast is 2.1 million, down 19.85% from 2018.
- They forecast 3.4 million lenses and the new forecast is 3.2 million, down 20.2% from 2018
- They forecast 1.8 million compacts and the new forecast is 1.6 million, down 36.25% from 2018.
Details on the latest Nikon financial results:
Nikon’s financial forecast for the year ending March 31, 2019:
Nikon also has new appointments of company’s officers and director
