Canon and Nikon released new financial results for the recent quarter, that both exceed expectations and give hope for the foreseeable future and pandemic recovery. Half a year into 2021 it’s quite interesting to see sales from different manufacturers, especially considering last year’s struggle a lot of businesses suffered from the COVID-19 pandemic. Both Canon and Nikon released new financial results of the previous quarter, with quite good indicators of recovery. To avoid any confusion up front: Nikon’s fiscal year begins on April 1st, so they released financial results for their 2022 Q1 quarter. Canon on the other hand released Q2 2021 results. This may seem a bit confusing, but the matter of fact is, that both results refer to the last few months. Financial results of Nikon’s imaging branch. Credit: Nikon Nikon’s financial results To start with Nikon, their image products branch made 50.0B Yen (~$453M) in the last quarter, almost a 100% increase to last year’s (Q1 2021) 25.1B Yen(~$227M). Last year they had an 8.3B Yen loss (~$75.3M), this year they recovered and made a 9.2B Yen (~$83.5M) profit. Nikon sold 220,000 interchangeable lens cameras, 390,000 lenses, and 70,000 compact cameras. Nikon continues to turn away from entry-level cameras as these are more and more replaced by improving smartphone cameras. For Nikon, image products isn’t the biggest business branch though, it only covers around 37.8% of their revenue. They also produce devices for semiconductor and flat panel display production, which made more revenue this quarter (39.1% of...
Published By: CineD - Monday, 9 August, 2021