Nikon Financial Results
Nikon has released its 1Q financial results for the fiscal year ending March 2020.
Nikon 1Q of the Year Ending March 2020 Financial Results
- Financial Results (PDF:209KB)
- Financial and Business Data (PDF:125KB)
- Presentation Material (PDF:1.85MB)
- Financial Results for the First Quarter of the Year Ending March 31, 2020 (PDF:904KB)
- Reference Data (PDF:1.37MB)
From the presentation notes:
FY2020/3 Q1 Actual
- Revenue and Operating profit dropped ¥24.0B and ¥9.7B, respectively, YoY due to sales volume reduction in entry/mid DSLR cameras and FPD lithography systems, etc.
- Q1 OP resulted in ¥9.3B, 51% down YoY, yet proceeding accordingly to the full-year forecast.
- Buy-back of 6,667,200 shares was conducted at approx. ¥10.0B from May 10 to June 20, 2019, which accounts for approx. 1.7% of the outstanding shares.
Q1 YoY Change:
- The unit sales of the high-end full-frame camera increased mainly in Europe and US thanks to a growth in sales of ML camera. However, revenue dropped, impacted largely by the reduced sales of entry/mid DSLR cameras in Asia including China.
- In addition to the sales impact above, the initial development cost for new ML camera lenses suppressed the profit.
The operating profit for Nikon's Imaging Business fell 15% year-over-year.
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)
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)
Nikon has released its 3Q financial results for the fiscal year ending March 2019.
Nikon 3Q of the Year Ending March 2019 Financial Results
- Financial Results (PDF:212KB)
- Financial and Business Data (PDF:179KB)
- Presentation Material (PDF:1.85MB)
- Financial Results for the Third Quarter of the Year Ending March 31, 2019 (PDF:974KB)
- Reference Data (PDF:1.33MB)
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.
Nikon has released its financial results for Q2 2019 for the fiscal year ending March 31, 2019. As for the year-over-year results for the imaging side of its business, Nikon says:
"Imaging Products Business decreased its profit because of the initial cost for new products such as full-frame ML cameras and lenses launched in September."The full details can be found below.
- Financial Results (PDF:284KB)
- Financial and Business Data (PDF:183KB)
- Presentation Material (PDF:1.56MB)
- Financial Results for the 2Q of the Year Ending March 31, 2019 (PDF:964KB)
- Reference Data (PDF:1.06MB)
Nikon has released its financial results for Q1 2019 for the fiscal year ending March 31, 2019. The operating profit in their Imaging division has grown from Q1 last year and Nikon attributes that growth to the following:
- While the DSLR market shrinks significantly due to expansion of ML cameras, the D850 is still highly evaluated even after a year from its launch: exceeding the sales forecast in all regions and the product mix has been improved.
- Decrease in expenses such as marketing purposes, and defer of advertisement expense, resulting in increase of operating profit.
Interestingly enough, while Nikon forecasts an 11.3% reduction in Imaging Products revenue for the fiscal year, it's projecting an increase in operating profit of ¥2.8 billion yen (approx. $25 million USD) year-over-year.
- Financial Results (PDF:280KB)
- Financial and Business Data (PDF:133KB)
- Presentation Material (PDF:1.46MB)
- Financial Results for the First Quarter of the Year Ending March 31, 2019 (PDF:847KB)
- Reference Data (PDF:1.04MB)
- Revision of the Dividend Forecast (PDF:136KB)
Nikon has released its third quarter financial results for the year ending March 31, 2018. As usual, we find the presentation material tobe the best way to digest the information.
3rd Quarter 2018 Financial Results
Nikon has released their financial results for 2Q for the financial year ending March 31, 2018.
- Financial Results (PDF:278KB)
- Financial and Business Data (PDF:85KB)
- Presentation Material (PDF:701KB)
- Financial Results for the Second Quarter of the Year Ending March 31, 2018 (PDF:470KB)
- Reference Data (PDF:386KB)
Related Article
Nikon has posted its first quarter financial results for the year ending March 2018.
The Imaging Products Business revenue and operating profit were both down year over year, with Nikon providing the following footnotes:
Q1 YoY change:
- Product mix change of new DSLRs decreased the profit (exceeding forecast)
- Major Products launched prior fiscal year: D5, D500 ; launched current fiscal year: D7500
- Unit sales of DSLR increased as a result of proactive marketing in the US
Nikon Q1 of the Year Ending March 2018 Financial Results
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Nikon has posted their full year financial results for the financial year ending March 2017. In the "Business Environment" section of its Presentation Material, Nikon notes that its Imaging Products Business suffered from "continued market decline and downward pressure on profitability."
Financial Results (PDF:954KB)
Financial and Business Data (PDF:89KB)
Presentation Material (PDF:526KB)
- Business Update and Future Strategic Direction (PDF:201KB)
- 2017/3 Financial Results, 2018/3 Forecast (PDF:312KB)
- Reference Data (PDF:241KB)
Nikon has posted their second quarter financial results for the financial year ending March 2017. As we've already mentioned, Nikon will be restructuring their semiconductor and digital camera businesses and intends on cutting 1,000 jobs in the process.
Nikon has released its financial results for the first quarter of the year ending March 2017 [August 4, 2016].
From Nikon:
Financial Results (PDF:270KB)
Financial and Business Data (PDF:87KB)
Presentation Material (PDF:992KB)
- Financial Results for the First Quarter of the Year Ending March 31, 2017 (PDF:557KB)
- Estimation for the Year Ending March 31, 2017 (PDF:523KB)
- Reference Data (PDF:150KB)
Want the abridged version? Here's a screenshot from page 7 from the Presentation Material:
Nikon has released its financial results for 3Q of the fiscal year ending in March, 2016.
Third Quarter of the Year ending March 2016 [February 4, 2016]
Nikon has released its financial results for 2Q of the fiscal year ending in March, 2016.
Second Quarter of the Year ending March 2016 [November 6, 2015]
Financial Results (PDF:218KB)
Financial and Business Data (PDF:94KB)
Presentation Material (PDF:1,028KB)
- Financial Results for the First Half of the Year Ending March 31, 2016 (PDF:613KB)
- Estimation for the Year Ending March 31, 2016 (PDF:467KB)
- Reference Data (PDF:214KB)
Related Article
Nikkei rebounds after Wall Street surges; Nikon tumbles (Reuters)
"Japan's Nikkei share average rebounded on Friday morning after Wall Street surged on receding worries about a U.S. interest rate hike, while Nikon Corp tumbled after releasing a weak earnings forecast. Nikon fell 13.5 percent to a three-month low of 1,483 yen after it forecast a 30.9 percent fall in its operating profit to 30 billion yen ($250 million) for the year to March 2016. Its American Depositary share price had dropped 13 percent overnight. Morgan Stanley MUFG Securities cut its rating to 'underweight' from 'equal-weight'."
Nikon has posted their financial results for the year ending March 31, 2015. As usual, the presentation material is our preferred method for obtaining easy-to-understand information.
Note about Imaging Products Business:
"Sales and income declined 15% and 12% respectively, year on year due to delayed market recovery in China and Europe. Operating income ratio posted 9.7%, exceeding the previous year ratio (9.4%) and the revised forecast (9.0%). "
The Year ended March 2015 [May 14, 2015]
Financial Results (PDF:693KB)
Financial and Business Data (PDF:94KB)
Presentation Material (PDF:812KB)
- Financial Results for the Year Ended March 31, 2015 (PDF:571KB)
- Estimation for the Year Ending March 31, 2016 (PDF:286KB)
- Reference Data (PDF:256KB)
Nikon has posted their financial results for Q3 of the Year ending March 2015 [February 5, 2015].
Nikon has posted their Financial Results for Q1 of the Year ending March 31 2015 [August 7, 2015].
Nikon has posted their Q3 for the year ending March 2014 Financial Results [February 6, 2014].
Financial Results (PDF:248KB)
Financial and Business Data (PDF:77KB)
Presentation Material (PDF:1,019KB)
- Financial Results for the Third Quarter of the Year Ending March 31, 2014 (PDF:365KB)
- Estimation for the Year Ending March 31, 2014 (PDF:615KB)
- Reference Data (PDF:297KB)
Related Articles
Nikon slightly lowers camera sales forecast for 2013/14
From Nikon:
Second Quarter of the Year ending March 2014 [November 7, 2013]
- Financial Results (PDF:147KB)
- Financial and Business Data (PDF:88KB)
- Presentation Material (PDF:671KB)
Related Story
Nikon Drops Sales Forecast as High-End Camera Market Stalls (Reuters)
"TOKYO, Nov 7 - Nikon Corp cut its full-year unit sales forecast for high-end cameras for the second quarter in a row on Thursday, as a dramatic fall in demand among photography hobbyists that began last year accelerated faster than expected."
Nikon has published their financial results for the first quarter of the year ending March 31, 2014.
From Nikon:
Financial Results (PDF:317KB)
Financial and Business Data (PDF:83KB)
Presentation Material (PDF:594KB)
- Financial Results for the First Quarter of the Year Ending March 31, 2014 (PDF:279KB)
- Estimation for the Year Ending March 31, 2014 (PDF:299KB)
- Reference Data (PDF:188KB)
Related Article:
Reuters: Nikon cuts full-year profit target as mirrorless cameras lose their shine
Nikon has posted their financial results for the year ending March 31, 2013.
Financial Results (PDF:897KB)
Financial and Business Data (PDF:88KB)
Presentation Material (PDF:633KB)
- Financial Results for the Year Ended March 31, 2013 (PDF:377KB)
- Estimation for the Year Ending March 31, 2014 (PDF:313KB)
- Reference Data (PDF:187KB)
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