Nikon Corp. reported a net profit of ¥42.6 billion for the year ended Mar 31, 2022, against the year-ago loss of ¥34.4 billion a year ago.
For the year ended Mar 31, 2022, revenues rose 19.6% year-over-year to ¥539.6 billion. In the fourth quarter, revenues increased 6.6% to ¥133.3 billion from the year-ago quarter.
The Imaging Products segment (which 31.7% of total revenues) had revenues rise 26% year-over-year to ¥42.2 billion in the reported quarter.
In the year, sales in the Imaging Products segment were up 19% to ¥178.2 billion, driven by favorable foreign-exchange impacts and increased average selling price, driven by the shift to models for pro/hobbyists.
In fourth-quarter 2022, Nikon reported an operating income of ¥3 billion against the year-ago quarter’s operating loss of ¥ 19.5 billion. The Imaging Products segment’s operating income was ¥0.2 billion against an operating loss of ¥7.7 billion in the year-ago quarter.
For the year ending on Mar 31, 2023, revenues are projected to be ¥620 billion, an increase of ¥80 billion from the previous year’s reported figure. Imaging Products’ revenues are expected to rise 17.8% year over year to ¥210 billion.