Nikon released its first quarter financial results for the Year Ending March 2027. Revenue and profit were down for the Imaging Business. Forecasts were revised downward. I am not surprised; so far, Nikon has announced only 2 lenses this year.
Here are the overall financial results:
- Revenue : ¥164.1B (Up ￥6.0B YoY)
- Operating profit :-¥ 0.9B (Up ￥0.2B YoY)
- Profit attributable to owners of parent : ¥ 1.2B (Down ￥8.2B YoY)
- Revenue grew YoY on increased sales in business segments outside Imaging Products and FX tailwinds
- Operating profit was flat YoY as profit tailwinds from increased sales and US tariff refunds (¥4.0B) were offset by lower sales volumes and higher memory prices in Imaging Products and ¥4.1B in inventory write-downs in Precision Equipment
- Profit attributable to owners of parent turned positive due to gains from financial P&L and equity-method investments. However, it was down YoY as the disappearance of tax benefits (¥9.3B) booked in the previous year resulting from the resolution to dissolve and liquidate Nikon Metrology NV
- Forecasts for the first half and full year were revised downward
Nikon Imaging Business:
- Despite FX tailwinds, revenue was down on reduced sales of DCIL cameras and lenses driven by demand
contraction mainly in China - Operating profit was down as reduced sales and higher memory prices outstripped FX tailwinds and US tariff
refunds
Forecasts for Nikon Imaging Business:
- Vs. previous forecast: revenue down ¥13.0B, operating profit down ¥3.0B
- YoY: revenue down ¥0.1B, operating profit down ¥4.2B
Nikon Imaging Products Business Sales Units:
Source: Nikon
