Nikon Releases FY 2019 Financial Results, Shows Revenue Declined 17.9% in Imaging Business

Nikon has released its 2019 financial results for the fiscal year ending today, May 9, 2019. The presentation material shows that Nikon's Imaging Business revenue suffered a 17.9% decline year-over-year.

Other notes from the Imaging Business section of the presentation material:

Revenue: ¥64.6B down YoY

• ASP was buoyed by new product launch including full-frame ML cameras
• The sales volume and revenue of fullframe cameras grew two years in a row
• The sales of interchangeable lens type cameras and interchangeable lenses did not reach the plan in the continuing severe condition in Q4: ¥8.9B short of the forecast

Operating Profit: ¥8.2B down YoY

• OP for FY18/3 and FY19/3 was ¥36.0B and ¥22.6B, respectively, if excluding restructuring relevant expenses
• Revenue/profit reduction and the initial development cost increase pushed down the OP by ¥3.0B from the forecast

Financial Results and Presentation Material

• Financial Results (PDF:370KB)
• Financial and Business Data (PDF:290KB)
• Presentation Material (PDF:1.32MB)
• Financial Results for the Year Ended March 31, 2019 (PDF:724KB)
• Reference Data (PDF:1.03MB)

Related Information

• Notice of Revision the Shareholder Returns Policy and Repurchase of Shares Common Stock [May 9, 2019] (PDF:234KB)
• Notice regarding Interim Dividend and Revision of the Year-end Dividend Forecast for the Fiscal Year Ending March 31, 2019 [Nov. 8, 2018] (PDF:202KB)
• Revision of the Dividend Forecast [Aug. 7, 2018] (PDF:136KB)