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
 
Related Information
 
Posted: 5/9/2019 7:39:27 AM CT   Posted By: Sean
Posted to: Nikon News
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