Nikon reports an almost 18% drop in Imaging Business revenue

May 10, 2019

John Aldred

John Aldred is a photographer with over 20 years of experience in the portrait and commercial worlds. He is based in Scotland and has been an early adopter – and occasional beta tester – of almost every digital imaging technology in that time. As well as his creative visual work, John uses 3D printing, electronics and programming to create his own photography and filmmaking tools and consults for a number of brands across the industry.

May 10, 2019

John Aldred

John Aldred is a photographer with over 20 years of experience in the portrait and commercial worlds. He is based in Scotland and has been an early adopter – and occasional beta tester – of almost every digital imaging technology in that time. As well as his creative visual work, John uses 3D printing, electronics and programming to create his own photography and filmmaking tools and consults for a number of brands across the industry.

Join the Discussion

Share on:

It looks like Canon’s not the only one hurting this year. Nikon has just published their financial report for this fiscal year, running from April 1, 208 until March 31, 2019. While the company as a whole seems to be on the up, they report a 17.9% reduction in revenue compared to the 2019 fiscal year with a drop in operating profit of 27%.

The drop in profit brings Nikon’s fiscal year 2019 operating profit down to 22 billion yen, a drop of around 8 billion yen. Nikon says that sales of the Nikon D850 have been strong and that it’s the Z6 and Z7 mirrorless cameras that they’ve been trying to boost sales of. They’ve also been focusing on sales of products like the Coolpix P1000 – something they describe as a compact camera, which sounds a little strange given how big it is.

For the digital camera-interchangeable lens type, sales of the D850, a digital SLR camera, were strong, and the Group made efforts to increase sales of the new Z 7 and Z 6 full-frame mirrorless cameras, which have earned favorable reviews.

For the compact digital cameras, the Group focused on sales of high value-added products such as the COOLPIX P1000, which is equipped with a 125x optical zoom lens.

However, unit sales of both digital camera-interchangeable lens type and compact digital cameras fell amidst the shrinking market.

As a result, revenue for the Imaging Products Business decreased by 17.9% year on year to 296,169 million yen, and operating profit decreased by 27.0% year on year to 22,069 million yen.

Nikon predicts that full frame digital will remain solid, but that they expect the market as a whole to continue shrinking. They partly put this down to “fluctuations of the economy of the respective regions” and partly towards the growing competition and rapidly evolving technology.

You can read the full financial report over on the Nikon website.

[via DPReview]

Filed Under:

Tagged With:

Find this interesting? Share it with your friends!

John Aldred

John Aldred

John Aldred is a photographer with over 20 years of experience in the portrait and commercial worlds. He is based in Scotland and has been an early adopter – and occasional beta tester – of almost every digital imaging technology in that time. As well as his creative visual work, John uses 3D printing, electronics and programming to create his own photography and filmmaking tools and consults for a number of brands across the industry.

Join the Discussion

DIYP Comment Policy
Be nice, be on-topic, no personal information or flames.

Leave a Reply

Your email address will not be published. Required fields are marked *

6 responses to “Nikon reports an almost 18% drop in Imaging Business revenue”

  1. Marco Peixoto Avatar
    Marco Peixoto

    Market Saturation, Stupid Increase in Lens and Body prices… the craze of buying amateur DSLRs a decade ago stopped because for FB and Instagram a cellphone is more than enough… I stopped carrying my DSLR and Lens around, cellphone is more than enough for the occasional trip here and there.

    1. César Arias Avatar
      César Arias

      exactly

    2. Marko Avatar
      Marko

      True. I do not carry cameras on vacations anymore, our phones do so well there is no need.

    3. Art Nau Avatar
      Art Nau

      Photo sharing “here and NOW” became more important thn quality shots in ” few” days

  2. Marko Avatar
    Marko

    Nikon sales of speedlights is probably at zero. Excellent and more affordable lenses come from Tamron and Sigma. Of course they will see a drop.

  3. Daniel Fernandez Avatar
    Daniel Fernandez

    Well, the entire camera market is tanking, so…

    That said, I love my D850.