Today Nikon released their end of year financial reports (for the 2022 fiscal year ending on March 31, 2022): Fiscal 2022 (April 1, 2021 – March 31, 2022): Imaging finished the year at ¥178.2 billion revenue and ¥19 billion earnings (10.7% margin), missing revenue by 1% and earnings by 5% against the last projection from Feb 4th. They shipped 700,000 bodies (down 16.67% from previous year), 1.27 million lenses (down 5.93%) and 190,000 compacts (down 26.92%). That gave them an industry unit share of about 13.7% on bodies, 13.5% on lenses and 7% on compacts. (They had projected 13.9%/14.1%/7%). They met their last unit projection on bodies, missed by 2.31% on lenses and missed by 5% on compacts. Fiscal 2023 forecast (April 1, 2022 – March 31, 2023): Imaging is projecting ¥210 billion revenue (+17.85% compared to fiscal 2022) and ¥22 billion earnings (+15.79%) resulting in a 10.5% gross margin (down 0.2%). They’re projecting the same 700,000 bodies, 1.25 million lenses (down 20,000) and 100,000 compacts (down 90,000). Nikon is claiming fiscal 2023 industry scale of 5.1 million bodies, 9.4 million lenses and 2.2 million compacts, giving them a projected market unit share of 13.7% on bodies, 13.3% on lenses and 4.5% on compacts. Here are the details: Revenue: ¥539.6B (YoY: up ¥88.4B, down ¥10.4B vs. previous forecast) Operating profit: ¥49.9B (YoY: up ¥106.1B, up ¥2.9 vs. previous forecast) Results for the Imaging Products Business: Revenue up ¥28.0B YoY, down ¥1.8B vs. previous forecast Operating profit: up ¥55.3B YoY,...
Published By: Nikonrumors - Thursday, 12 May, 2022