Nikon publsihed their latest financial report and there are only bad news for the Imaging Business (video business + digital camera business):
- The whole company sales and operating income reduced 4% and 16%, respectively, from the year earlier. Against the previous forecasts, sales posted a slight decrease while operating income was 8% higher.
- Nikon sold less cameras and less lenses.
- The sales volume of digital SLR cameras decreased, resulting in 11% sales reduction and 19% operating income reduction from the previous year. Partly because of the negative exchange rate impact, both sales and operating income did not reach the forecasts.
- Yet, the forecast (for the Imaging Business) shows the sales reduction of 15% and operating income reduction of 23%.
The full PDF presentantion can be found here: nikon.com/about/ir/ir_library/result/pdf/2016/16_all_e.pdf.
So far only Sony has shown a positive result in the Imaging Business. So Nikon isn’t the only company having troubles in the Imaging Business.