Today Nikon released their financial results for the first quarter of the year ending in March, 2019. The headline from Business Insider is: “Nikon Q1 Profit Climbs, Revenues Down; Lifts FY19 Earnings View” – here is a quick recap:
- Profit climbed 83.8% to 16.34 billion yen from 8.89 billion yen last year.
- Earnings per share were 41.10 yen, up from 22.37 yen a year ago.
- Operating profit surged 53% to 19 billion yen from last year’s 12.42 billion yen.
- Revenue is down 2% to 166.91 billion yen from prior year’s 170.32 billion yen.
- For the 2019 fiscal year, Nikon now expects net profit of 53 billion yen and operating profit of 74 billion yen, higher than the previous estimate of 50 billion yen and 70 billion yen, respectively.
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