DIY Photography

Your one stop shop for everything photo-video

  • News
  • Inspiration
  • Reviews
  • Tutorials
  • DIY
  • Gear
Search

Submit A Story

financial report

Things are looking up for Nikon Imaging as they report a 48% increase in profit over last year

Aug 9, 2022 by John Aldred Add Comment
  • Share
  • Tweet
  • Flipboard
  • WhatsApp

Nikon released their financial results for the first quarter of its 2023 fiscal year (FY2023) recently and it shows an increase in revenue in just about every segment of the company, including its Imaging Products Business – ie, cameras and lenses. In fact, when it comes to profit, Nikon reported a 47.8% increase over the previous Q1 period in FY2022 and overall revenue appears to almost be back to pre-pandemic levels.

In Q1 FY2020 (reported at the beginning of August 2019), its Imaging Products Business reported a revenue of 67.3 billion yen (~$500 million) and an operating profit of 3.5 billion yen (~$26 million). Last year’s report for the same period showed Nikon at 50 billion yen (~$370 million) revenue and 9.2 billion yen (~$70 million) profit. This latest report shows revenue of 61.2 billion yen (~$452 million) and profits of 13.6 billion yen (~$100 million).

FIND THIS INTERESTING? SHARE IT WITH YOUR FRIENDS!

  • Share
  • Tweet
  • Flipboard
  • WhatsApp

Photography’s decline coming to an end? Canon believes the camera market has “bottomed out”

Aug 4, 2022 by John Aldred Add Comment
  • Share
  • Tweet
  • Flipboard
  • WhatsApp

Canon recently released its second quarter 2022 financial results and in an attached question and answer document about the camera market and its future, the company was surprisingly open and upfront with regard to questions about the state of the camera industry. Canon says that the camera market “has largely bottomed out at its current size” and that they expect that from here on out, the only way is up.

Of course, it was never going to happen that the camera market would disappear entirely and Canon’s always known this. But they believe that numbers have gotten as low as they’ll get and that interest in photography is on the uptake again. They also say they’ll be producing both mirrorless cameras as well as DSLRs – for now, anyway.

FIND THIS INTERESTING? SHARE IT WITH YOUR FRIENDS!

  • Share
  • Tweet
  • Flipboard
  • WhatsApp

Canon wants to release 32 new RF mount lenses over the next four years

Mar 8, 2022 by John Aldred 1 Comment
  • Share
  • Tweet
  • Flipboard
  • WhatsApp

Canon recently published its annual financial results and presentation for 2022. In it, Canon Chairman & CEO, Fujio Mitarai talks about the effect of the pandemic on sales and how they’ve been dealing with them. Despite the pandemic still putting pressure on sales, as a result of shutting down production facilities, parts shortages and logistical constraints, they managed to “significantly exceed” Canon’s pre-pandemic profit level in 2019.

He also talks about last year’s reorganisation that aided in this profit boost as well as where things go from here, including the potential release of 32 new lenses by 2016. This is extrapolated out based on the fact that Canon wants to “expand lens lineup at same pace” as previous years. In 2020, there were 18 RF lenses and in 2021 there were 26. 8 lenses per year for four years, is 32 lenses.

FIND THIS INTERESTING? SHARE IT WITH YOUR FRIENDS!

  • Share
  • Tweet
  • Flipboard
  • WhatsApp

GoPro to live up to its name and take on “Pro” camera market with two new product types in 2022

Feb 7, 2022 by John Aldred 11 Comments
  • Share
  • Tweet
  • Flipboard
  • WhatsApp

GoPro recently announced their Q4 2021 report and along with it, GoPro founder and CEO Nick Woodman announced that they want to produce more specialised cameras aimed towards the professional market. Now, this isn’t going to be as simple as splitting up the Hero into “White”, “Silver” and “Black” models like they used to. Instead, it seems like they might want to want to take on the likes of Sony’s RX0 II.

Despite facing another challenging year, Woodman said that GoPro generated a “record year-end cash balance of $539 million” and that 2021 revenue was $1.16 billion – a 30% increase over 2020, bringing the company back up to pre-pandemic levels. But they’re not stopping there, with a target of having four distinct product types by the end of 2022.

FIND THIS INTERESTING? SHARE IT WITH YOUR FRIENDS!

  • Share
  • Tweet
  • Flipboard
  • WhatsApp

Trending Quizzes

quiz film camera from the back

more quizzes

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

Oct 18, 2021 by John Aldred 4 Comments
  • Share
  • Tweet
  • Flipboard
  • WhatsApp

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”.

FIND THIS INTERESTING? SHARE IT WITH YOUR FRIENDS!

  • Share
  • Tweet
  • Flipboard
  • WhatsApp

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

Aug 6, 2021 by John Aldred 1 Comment
  • Share
  • Tweet
  • Flipboard
  • WhatsApp

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.

FIND THIS INTERESTING? SHARE IT WITH YOUR FRIENDS!

  • Share
  • Tweet
  • Flipboard
  • WhatsApp

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

Aug 5, 2021 by John Aldred Add Comment
  • Share
  • Tweet
  • Flipboard
  • WhatsApp

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.

FIND THIS INTERESTING? SHARE IT WITH YOUR FRIENDS!

  • Share
  • Tweet
  • Flipboard
  • WhatsApp

Nikon expects “extraordinary losses” as a result of coronavirus pandemic

May 13, 2020 by Dunja Djudjic Add Comment
  • Share
  • Tweet
  • Flipboard
  • WhatsApp

As we all know, the coronavirus pandemic has been affecting many businesses, big and small, and camera companies are not an exception. In a recent notice, Nikon warned investors of “extraordinary losses” expected due to the current pandemic.

FIND THIS INTERESTING? SHARE IT WITH YOUR FRIENDS!

  • Share
  • Tweet
  • Flipboard
  • WhatsApp

Learn Photography

Learn more

Canon’s latest financial report shows a massive 25% drop in sales

Apr 24, 2020 by Dunja Djudjic 6 Comments
  • Share
  • Tweet
  • Flipboard
  • WhatsApp

Canon has published the financial results of the first quarter of 2020, and as it was probably expected – they’re not good. The results show that the sales have dropped by 25% in the Q1 of 2020. Of course, there’s an obvious cause of such poor results: the coronavirus.

FIND THIS INTERESTING? SHARE IT WITH YOUR FRIENDS!

  • Share
  • Tweet
  • Flipboard
  • WhatsApp

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

Feb 1, 2020 by John Aldred 3 Comments
  • Share
  • Tweet
  • Flipboard
  • WhatsApp

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.

FIND THIS INTERESTING? SHARE IT WITH YOUR FRIENDS!

  • Share
  • Tweet
  • Flipboard
  • WhatsApp
  • 1
  • 2
  • Next Page »

Submit A Story

Get our FREE Lighting Book

DIYP lighting book cover

* download requires newsletter signup

Recent Comments

Free Resources

Advanced lighting book

Learn photography

Recent Posts

  • Your public Instagram and Facebook posts trained Meta’s AI assistant
  • Which lens is better for location portraits: Wide angle or telephoto?
  • Follow these five exceptional tips to boost your photographic creativity
  • OpenAI lets artists opt out of AI training data – but there’s a catch
  • AI-version of Tom Hanks used in dental ad without permission

Udi Tirosh: from diyphotography.netUdi Tirosh is an entrepreneur, photography inventor, journalist, educator, and writer based in Israel. With over 25 years of experience in the photo-video industry, Udi has built and sold several photography-related brands. Udi has a double degree in mass media communications and computer science.

Alex Baker: from diyphotography.netAlex Baker is a portrait and lifestyle driven photographer based in Valencia, Spain. She works on a range of projects from commercial to fine art and has had work featured in publications such as The Daily Mail, Conde Nast Traveller and El Mundo, and has exhibited work across Europe

David Williams: from diyphotography.netDave Williams is an accomplished travel photographer, writer, and best-selling author from the UK. He is also a photography educator and published Aurora expert. Dave has traveled extensively in recent years, capturing stunning images from around the world in a modified van. His work has been featured in various publications and he has worked with notable brands such as Skoda, EE, Boeing, Huawei, Microsoft, BMW, Conde Nast, Electronic Arts, Discovery, BBC, The Guardian, ESPN, NBC, and many others.

John Aldred: from diyphotography.netJohn 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.

Dunja Djudjic: from diyphotography.netDunja Djudjic is a multi-talented artist based in Novi Sad, Serbia. With 15 years of experience as a photographer, she specializes in capturing the beauty of nature, travel, and fine art. In addition to her photography, Dunja also expresses her creativity through writing, embroidery, and jewelry making.

Copyright © DIYPhotography 2006 - 2023 | About | Contact | Advertise | Write for DIYP | Full Disclosure | Privacy Policy