Today Nikon released their financial results for Q2 of the year ending March 2022. Here are the details for the Imaging Products Business: YoY: Revenue increased by improvement of sales mix with shifting to pro/hobbyist models contributing by sales of new mirrorless camera of Z fc and Z 6Ⅱ/Z 7Ⅱlaunched last year. Operating profit increased significantly by no influence of impairment losses of non-current assets posted in FY2021/3 and reduction of operating cost. Vs. previous forecast: Revenue exceeded the plan due to a weaker yen and improved ASP. Operating profit also exceeded the plan by the effect of increasing revenue and cost reduction. Forecast for the year ending March 31, 2022 for the Imaging Products Business: Additional information by ZoetMB (¥=billion): 1st half Nikon Imaging: Sales: ¥89.2b Earnings: ¥12.5b Margin: 14% Bodies: 390,000 Lenses: 660,000 Compacts: 130,000 New full year projection: Sales: ¥175b (up ¥5b from August estimate) Earnings: ¥15b (up ¥3b) Margin: 8.6% (up 1.5%) Bodies: 750,000 (same as August estimate) Lenses: 1,300,000 (same) Compacts: 200,000 (down 50,000) Nikon full year projection of total market size (Nikon’s unit share) Bodies: 5,400,000 (13.9%) (down 400,000 from August estimate) Lenses: 9,200,000 (14.1%) (down 500,000) Compacts: 2,850,000 (7.0%) (down 350,000) Note that Canon has projected the body market at 6 million, but I believe those projections were for the calendar year, not Nikon’s fiscal year, which starts and ends three months later. Notes: Nikon Imaging’s profit in the fist half was ¥12.5b (14%). That’s quite good for Nikon. But projected profits...
Published By: Nikonrumors - Thursday, 4 November, 2021