Nikon reports first-quarter revenue down 3%

GaryPageau
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Nikon Corp. reported first-quarter consolidated revenue of ¥158,121 million, down 3.5% year-on-year. The company posted an operating loss of ¥1,191 million (compared to a profit of ¥2,950 million in the prior-year quarter), while profit attributable to owners of parent surged to ¥9,469 million, mainly due to deferred tax asset recognition from the dissolution of a subsidiary, Nikon Metrology NV.

Imaging Products Business Highlights

•Solid sales volume for digital cameras, especially mirrorless models.
•Key models driving sales: Newly released Z5II and Z50II; strong demand for interchangeable lenses.
•Revenue: ¥80,034 million, down from ¥83,714 million in the previous year’s quarter.
•Segment profit: ¥11,030 million, a notable drop from ¥17,880 million the previous year.

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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.