Nikon published their financial results for the year ending on March 31, 2013. You probably remember that for the third quarter the company reported a “rapid deterioration in the market” which led to a cut in the annual profit forecast and some pretty good savings.
Summary for the financial year that ended on March 31, 2013 for Nikon Imaging Company:
Both sales and income posted expected results in the 1st half, but the market condition got abruptly worsened in the 2nd half. Because the inventory was built in the 1st half to counteract Thai floods risks, the profitability was deteriorated compared to the 1st half. Sales ended with 28% hike and operating income 13% up from the previous year. The inventory was reduced to nearly level as planned at fiscal year end.
Summary of estimation for the next financial year (ending March 31, 2014):
Persistent contraction is likely for the compact camera market, but the market for digital camera—interchangeable lens type is expected to keep up the current growth. Both sales and income are forecasted to rise 8% and 55% each.
Note the last statement: “New product launch of mid-class cameras is also expected to help the performance“. This probably means a D3200 and/or D5200 replacement and new mirrorless cameras by March 2014.
