Nikon released its financial results for fiscal year 2019 as of March 31, 2020, and its forecast for fiscal year 2020 at the end of May 2019. In total, Nikon’s total revenue was 591 billion yen and operating profit was 6.7 billion yen. These figures are consistent with Nikon’s predictions, with a year-on-year decrease of 117.6 billion yen and 75.9 billion yen respectively.
Nikon also tried to quantify the impact of the epidemic, its report According to Nikon, Nikon believes that the epidemic has caused 10 billion yen in operating profit losses. Specifically, Nikon attributed the loss of “approximately 4 billion yen” to its imaging products division, due to the suspension of dealers that mainly sell mid-to-high-end cameras, the postponement of major products, and the stagnant supply chain.
Specific to the imaging product business, Nikon’s revenue is 225.8 billion days The operating loss was 17.1 billion yen. Both figures are lower than Nikon’s February 2020 forecast, a decrease of 70.3 billion yen and 39.1 billion yen respectively. The documents show that Nikon has sold 1.62 million interchangeable lens cameras and 2.65 million lens products, and only 840,000 compact digital cameras have been sold. These data were down 21.4%, 16.4% and 47.5% year-on-year.
Nikon said in its report on revenue from its imaging products business, Revenue growth as of mid-February was mainly in line with previous forecasts, at which time the epidemic had begun to severely hit the supply chain and retail. Nikon once again reiterated that due to the impact of the epidemic, the release of new products had to be postponed, such as high-end SLR cameras and mirrorless lenses, such as the delayed shipment of Nikon D6, and the delay of Z 70-200mm F2.8 VR S. Nikon also pointed out that sales of its Z-series mirrorless cameras and Z-series lenses have increased, and the volume/sales ratio of mid-to-high-end cameras has “steadily increased” year-on-year.
As for the 2020 fiscal year, Nikon did not share much information , Because the impact of the epidemic is uncertain. Nikon pointed out that in April and May of this year, the sales of its imaging products business fell sharply year-on-year, and continued to develop in a severe business environment. A deficit for the second consecutive fiscal year is inevitable.
Editor’s point of view:
Under the influence of the epidemic, various industries have suffered a lot of shocks. This is what everyone expected. It can be seen from Nikon’s annual report that although it is still profitable, the profit margin has been very at least, and it has dropped significantly. But there are also some optimistic news, such as the increase in sales of Nikon Z series products, etc. I also hope that Nikon will continue to carry forward its glory in the future mirrorless era!
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