This is to announce the recognition of extraordinary loss for the nine months ended December 31, 2016 (from April 1 to December 31, 2016), as below.
Recognition of Restructuring Expenses
As announced in “Notice of Restructuring” released on November 8, 2016, Nikon Group is currently under a fundamental company-wide restructuring to improve its corporate value as shifting from a strategy pursuing revenue growth to one pursuing profit enhancement.
In accordance with this restructuring, the Group recorded extraordinary loss of 29,790 million yen, mainly incurred from inventory write-downs/write-off in Semiconductor Lithography Business, as restructuring expenses for the nine months ended December 31, 2016.
Also, restructuring expenses in Imaging Products Business and the expenses related to “Results of Solicitation for Voluntary Retirement,” which is released today, are expected to incur in the fourth quarter of this fiscal year.
As a result, the total amount of restructuring expenses for the fiscal year ending March 31, 2017 will be approximately 53,000 million yen, which is 5,000 million yen increase from the previous estimate of approximately 48,000 million yen in “Notice of Restructuring” released on November 8, 2016.
Impact on Consolidated Financial Forecast
The impact of the recognition of restructuring expenses has been reflected in the consolidated financial forecast for the fiscal year ending March 31, 2017, as announced today in “Revision of the Financial Forecast for the Fiscal Year Ending March 31, 2017”.
TOKYO – February 13, 2017 – Nikon Corporation announced today that sales of the long-awaited DL series of premium compact camera, the DL18-50 f/1.8-2.8, DL24-85 f/1.8-2.8, and DL24-500 f/2.8-5.6, will be canceled.
A June, 2016 release was originally planned for the DL series. However, with the identification of issues with the integrated circuit for image processing, release of the three cameras was delayed indeterminately.
Since then, everyone involved has worked very hard to develop products with which our customers will be satisfied. However, it has been decided that sales of the DL series will be canceled due to concerns regarding their profitability considering the increase in development costs, and the drop in the number of expected sales due to the slow-down of the market.
We sincerely apologize to all those affected by this decision, especially those customers who waited so long for the cameras to be released, retailers and others whose business will be affected, for the inconvenience this decision may cause.
What sets a professional photographer apart from everyone else is the ability to create the perfect light. Los Angeles-based portrait photographer Sue Bryce has spent decades creating contemporary fashion-inspired portraiture that makes everyday women look like Vanity Fair fashion models. And she built an international reputation using natural light almost exclusively. Recently, though, she has fallen in love with the Profoto B1.
“I started seeing studio lights the way I see, use and master natural light. I bounce and zig-zag it the same way I do with natural light. The B1 is extraordinary, and it has the ability to dial down to low, soft light with big modifiers so I can create the exact same daylight I have been working with for the last 27 years. I can shoot at any time of the day and still control the light”.
As I've mentioned this several times, this is my favorite camera strap and one that I use on a daily basis. I highly recommend it. And if you want to modify your BlackRapid strap for Arca-style plate compatibility, here's what you'll need. [Sean]
North America will experience a wonderful astronomical event on August 21, 2017 - a total eclipse of the sun. This hasn’t happened in the United States in 38 years and is the first one to race across the entire country since 1918! This will be the first total eclipse in North America in the digital photography era, and that means that everyone from novice to professional photographers will be able to photograph it.
We are embracing this rare phenomenon and will publish articles, photos and videos between now and August to give you the necessary photographic skills and background information to capture this eclipse.
Considering the path of totality and partial eclipse phases, almost a half billion people will have the opportunity to view at least a partial eclipse. Millions will undoubtedly travel to the narrow path of totality stretching from Oregon to South Carolina. It’s estimated that about 225 million people live within a day’s drive of the path of totality.
Areas north and south of the totality path will see a partial eclipse. The partial eclipse will be visible as far north as the Arctic, and to the south as far as Ecuador and Brazil.
You don’t need to be a seasoned pro. Anybody will be able to shoot this with the proper precautions but if you really want to do it up right, you’ll need to plan ahead.