In the quarterly report Nikon said about the need to immediately reconsider views that define the medium-term planning
Nikon has published its latest financial report that includes data for the second quarter and first half of the fiscal year, which in Japan began on 1 April 2016 and ending 31 March 2017. In short, the financial performance of the Nikon for the quarter and half-year has deteriorated significantly compared to figures for the same periods of the prior fiscal year.
Income for the quarter amounted to 174,4 billion yen, while a year ago it was equal 213,0 billion yen. Operating profit for the year decreased from 9.8 to 8.4 billion yen, net profit from 7.4 to 6.3 billion yen.
Revenue for the first half amounted to 343,7 billion yen, having decreased during the year by 14%. The manufacturer explains the lower reduction in sales of digital cameras and the appreciation of the yen. Operating profit was 23.3 billion yen, having increased by 56%. According to the manufacturer, this contributed to the sharp increase in sales of lithography systems for production of flat screens, improving the range and a significant reduction of expenses division of Imaging Products Business.
Unit of the Imaging Products Business is the main source of income Nikon. Over the years it has reduced sales by 32%, and its operating profit decreased by 9%. The second contribution to the total income division Precision Equipment Business increased sales by 36% and operating profit by 20%.
If you go to the absolute values, it turns out that in six months it sold 1.42 million cameras with interchangeable lenses, 2.05 million lenses for them and 1.43 million compact cameras. For comparison: a year ago these figures were equal to 2.0, of 2.82 and 3.12 million shares, respectively.
Not surprisingly, in the quarterly report Nikon said about the need to immediately reconsider views that define the medium-term planning.
The existing plan is abandoned and to carry into effect the plan of «proactive restructuring».