Nikon Financials: Fiscal Year Results Beat Forecast

Nikon provided a quick snapshot of their expectations for their fiscal year just ended (they'll report on the year fully sometime next month). The bottom line: things turned out a bit better than their last forecast in February. How much better? 2.2% better net sales and 16.7% better net income. Nevertheless, Nikon saw about a 10% drop in overall sales from last year (and a far bigger drop in profit).

The footnote to the tables was interesting: imaging sales produced more revenue and profit than expected, while the precision equipment business is still deteriorating. Nikon is more and more becoming mostly a camera company.

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Nikon Z System mirrorless: zsystemuser.com | Nikon DSLRs: dslrbodies.com | Nikon film SLRs: filmbodies.com
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