Nikon Rumors

Nikon financial results: profit and income are up, sales are down

By [NR] admin | Published: November 8, 2016

Nikon stock price is up (3 months graph)

Nikon released their financial results for the first half of the year ending on September 30, 2016:

Profits are up 54%
Operating income is up 23.8%
Sales are down
Nikon also “decided to conduct a fundamental company-wide restructuring in order to enhance its ability to generate profit and create value“

Quote:

“Nikon Corp. reported that its net income attributable to owners of the parent for the first half of the year ended September 30, 2016 was 17.74 billion Japanese yen, up 53.5 percent from last year’s 11.56 billion yen. Earnings per share for the half-year period were 44.65 yen, higher than 29.08 yen last year.” (Nasdaq).

Thom Hogan posted a nice graph showing Canon versus Nikon in terms of unit volume for 2016 (the same scale is used in both charts):

Quote:

“Just a reminder: Nikon is still a profitable company, and according to the numbers, healthily so. They’re not going out of business. But as I predicted, they’re getting smaller.”

Here are some unit sales numbers for the first nine months of 2016 collected and calculated by Thom:

Canon: 3.895m
Nikon: 2.2m
Other: 1.97m (Sony, Fuji, Olympus, Panasonic and Pentax)

Some additional slides from Nikon’s presentation (can be found here):

Posted in Other Nikon stuff| Tagged Nikon financial results| 81 Comments

Nikon D500 firmware update version 1.11 released

By [NR] admin | Published: November 8, 2016

Nikon released new firmware update version 1.11 for the D500 DSLR camera with two changes/fixes:

Posted in Nikon D500| Tagged Firmware updates| 42 Comments

Nikon to “re-assign” 1,550 employees in Japan, total headcount will be reduced by 1,000 UPDATED

By [NR] admin | Published: November 8, 2016

An update on the Nikon layoffs fiasco: as part of their financial statements, Nikon released a “Notice of Restructuring” which describes “re-assigning 1000 employees to reduce fixed cost” in the Lithography division. For the Imaging Business Unit, an additional 350 domestic employees that will be “rationalized” and “re-assigned”.

Update: Nikon will actually “re-assign” a total 1,550 employees (including 200 people at their headquarters), but the total headcount will be reduced by 1,000 by March 31, 2017, just what Nikkei reported yesterday.

Posted in Other Nikon stuff| Tagged Nikon layoffs| 45 Comments

Oops… Nikon denies any layoffs

By [NR] admin | Published: November 7, 2016

Update: Nikon to “re-assign” 1,550 employees in Japan, total headcount will be reduced by 1,000

In unprecedented move, Nikon issued a statement that they have not made any decisions on cutting 1,000 jobs in Japan – a story reported by Nikkei just few hours ago. Here is the full text:

Posted in Other Nikon stuff| Tagged Nikon financial results, Nikon layoffs| 92 Comments

Nikon to cut 1,000 jobs in Japan, or 10% of its domestic workforce

By [NR] admin | Published: November 7, 2016

Update #1: Nikon issued a statement denying any layoffs.

Update #2: Nikon to “re-assign” 1,550 employees in Japan, total headcount will be reduced by 1,000

This just in from Nikkei – “Nikon to cut 1,000 jobs in Japan“:

Nikon plans to eliminate about 1,000 jobs in Japan, or 10% of its domestic workforce, as the company shifts resources away from once core businesses to medical devices and other growth areas.
The cuts over the next two to three years will mostly affect Nikon’s money-losing semiconductor equipment operations and its shrinking digital camera business.
Nikon is seen missing its forecast of a 64% jump in net profit to 30 billion yen ($287 million) for the fiscal year ending in March. Its net profit has fallen from a peak of 75.4 billion yen in fiscal 2007 to 18.2 billion yen last year.

From Reuters – “Nikon drops sales forecast as high-end camera market stalls“:

Posted in Other Nikon stuff| Tagged Nikon financial results, Nikon layoffs| 132 Comments