Nikon fourth-quarter revenues increase

GaryPageau

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.

 

Written by 

Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.