Nikon’s financial results for the year are out (by RC Jenkins). For Imaging, Revenue was up 28%; and Operating Profit was up 122%. Average revenue from any Nikon product (ILC+lens+compact, Nikon’s FYs, ending in March): 2022 = $615 2023 = $861 (+40%) 2024 = $969 (+13%, forecasted) Remember that these are average revenues, not average prices. My guess is retail prices would be something like 20-30% over these. For the current/upcoming year, Nikon is forecasting: A continued contraction in the entry-level models Continuing toward mirrorless & pro/sumer models The same 700K ILC units as last year, marking the first time I can remember in a long time that their units don’t decrease year to year, except maybe Covid No compact models (for the first time I can recall) “Expect increased sales volumes of mirrorless cameras and interchangeable lenses for mirrorless cameras with the launch of new products, such as the Z 8” Also notable for the current/upcoming year: “Profit to decline on increased expenses, such as higher sales promotion expenses in response to the resolution of parts procurement constraints and market normalization.” Breakdown of inventories (in B yen): Now, the exciting stuff: Record high operating margin The Z9 sold the most first year units of any flagship camera since 2008 Mirrorless is now 80% of Nikon’s sales (note: this would be revenue, not units). Nikon plans to ” introduce advanced Z 9 features across the lineup.” (To me, this means AF & video in a Z6iii/Z7iii before March 2025) An...
Published By: Nikonrumors - Thursday, 11 May, 2023