Digital Camera News
Nikon Net Profits Drop, Operating Profits Soar
November 14, 2005 - Nikon’s falling net profit figures are belying the company’s success. Although Nikon posted a sharp drop in quarterly net profit and states that its full year net profit will fall 38 percent, these falls reflect markdowns in inventory and transactions made last year to settle a patient dispute with rival stepper maker ASML and German manufacturer Carl Zeiss. Nikon has actually posted a first half net profit increase of 20 percent, up to 9.37 billion yen ($79.35 million US) from 7.81 billion yen.
Quarterly operating profit soared almost 150 percent from 5.0 billion yen ($42.4 million US) last year to 14.4 billion yen, with sales rising 6.6 percent for the quarter and 9.8 percent for the half. Nikon expects to sell 8 million digital camera units by March, with group net profit for 2005/2005 reaching 15 billion yen.
"High-end SLRs are selling better than we expected," explained Ichiro Terato, Nikon Chief Financial Officer, at a news conference. "As for compact cameras, which are susceptible to price erosion, ours suffered smaller price falls than the overall market."
Latest News
& Reviews
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10-Feb-2012
Nikon S9300 First Impressions Review
It’s not often that “18x optical zoom” and “compact” describe the same camera, but that’s the Nikon S9300 for you. We’ve taken the little devil for a spin here at CP+, read on for our full impressions of Nikon’s latest travel zoom camera. Read More...
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09-Feb-2012
Pentax K-01 First Impressions Review
We’ve gone hands-on with the Marc Newson designed K-01 from Pentax. Read on for our full impressions of this unique mirrorless camera as well as a full gallery of photos of the camera. Read More...
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