Nikon has released its 3Q financial results for the fiscal year ending March 2019.
Nikon 3Q of the Year Ending March 2019 Financial Results
Notes from the Presentation Material:
- Imaging Products Business decreased its revenue (down 3% from the previous quarter) due to declined sales volume of digital cameras.
- Year-over-year revenue in the imaging business was down 22%.
- High-end camera sales was brisk thanks to the new [mirrorless] launch, but fierce competitions in the shrinking entry/mid-range DSLR markets suppressed the volume largely in addition with the initial cost, resulting in revenue/profit reductions.