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Nikon promises up to 8 new Z mount lenses despite $262 million loss

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Well, Nikon’s latest annual report is out and it shows a $262 million write off in losses. The report says that Nikon has been facing challenges from the declining demand for camera gear from professionals and hobbyists, increased competition, the global silicon shortage and the COVID-19 pandemic.

Despite this, Nikon will soon be releasing their new Z9 flagship mirrorless camera and according to Nikon president Toshikazu Umatate, they’ll be increasing their Z mount lens lineup from its current 22 up to “nearly 30”.

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Nikon Q1 FY 2022 financial report finally shows an increase in camera sales and profit

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Well, it’s been a while, but Nikon’s Q1 FY2022 report, the first quarterly financial report for their 2022 fiscal year beginning April 1st, 2021 actually shows a profit – a significant increase on last year. The revenue shows 50 billion yen (~$457 million) and an operating profit of 9.2 billion yen (~$84 million). All may not be as it seems, though.

The report only covers the first quarter, running from April 1st to July 31st, 2021. Nikon says that the increase in revenue is partly due to the weaker yen and that some of their expenses have been deferred “to Q2 and beyond”. So, while the short term increase might be a nice morale boost – and Nikon has had a noticeable increase in sales – it comes with a sting in the tail.

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A sign of things to come? Latest CIPA numbers show camera sales seem to be recovering

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Whether or not you’ve been following the camera news sales over the last 18 months or so, it probably comes as not much of a surprise that camera sales have been way down. Sales weren’t looking great even before the planet was hit with a global pandemic which saw production go down around the world as well as demand.

But the latest figures from CIPA show that while we’re not back up to 2019 levels yet, the data so far for 2021 looks like the industry might be starting to make something of a recovery, with sales significantly higher than the same time last year over a four-month period leading up to July.

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Canon’s end of year financial report drops hints about new EOS R cameras and RF lenses

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Canon has released its 2019 end of year financial results and presentation, in which Canon highlight how they’ve done over the last year, and also talks a little about what we can expect in the future. If you want to see the financial side of things you can click the links above, but what was particularly interesting, is Canon’s quite surprising focus on new specific new EOS R bodies and RF lenses.

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Olympus denies rumors about shutting down its camera business. Again

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Olympus hasn’t been doing quite well in terms of revenue. This started a rumor that the company is soon closing its camera business within less than a year, but it looks like it will remain just a rumor. No, Olympus cameras aren’t going anywhere, and the company itself has now officially confirmed it.

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Kodak reports film business revenue is up, but overall profits are down

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Kodak has reported its financial results for Q3 2019. They have announced that their film business has grown by 21% in the last quarter over the previous year. This looks very promising for Kodak’s future in film, although they report that overall profits are down, noting a $5 million loss on revenues of $315 million.

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Canon’s camera profits plummet 64% in latest financial report

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Canon did everything they could to fight the mirrorless advance before finally capitulating with the launch of the EOS R. It seems, though, that it might be a case of too little, too late. According to Canon’s Q2 2019 financial results, their Imaging System department has plummeted 64% compared to this time last year.

While the decline of camera sales is trending across all brands, this is a time when Canon is probably going to be hurting more than most. Canon did predict a big loss, although they remain outwardly optimistic about their future in the mirrorless market,

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