Nikon 1st Quarter Results

Nikon announced that their first quarter fiscal 2005 profit jumped 22 percent over last year, to 1.72 billion yen (~US$15.5 million). This reflected mostly better news in the stepper division, as the operating profit in the imaging division actually fell 45 percent to 5.3 billion yen (~US$58.5 million). Price decreases are blamed for the increased pressure on imaging profits. Nikon also announced that D70 production will be upped to 90,000 units a month, though they haven't changed their year forecast for overall digital camera sales, which would indicate weakness elsewhere in their lineup.

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