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In addition to canceling the DL line of premium compact cameras, Nikon also issued several statements describing “extraordinary loss“, “fundamental company-wide restructuring” and a revision of their last financial forecast:
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 […]
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 […]
This just in from Barron’s: According to Citi Research‘s Masahiro Shibano and Yuta Nishiyama, Nikon now has 3 new sources of growth, in FPD (flat-panel displays) lithography equipment, SPE lithography equipment, and imaging. The analysts wrote: Our Buy thesis rests on 1) improving visibility (for now) in FPD lithography and the likelihood that Nikon can avoid […]
Reuters: “Nikon Q1 profit soars; sees higher profit in FY” Net income 176.2 percent higher than last year Earnings per share are 28.92 yen, higher than 10.46 yen last year. Net sales declined 8.9 percent Nikon released their financial results for the Imaging Products Business for the first quarter of the year ending March 31, 2017:
Nikon released their financial results for the 2016 FY (ending in March 2016). I could not see any positive signs except the fact that the company had a 20% higher overall net income compared to the previous year. For the Imaging Business net sales and operating income were both down and are expected to get even worse […]