Nikon shares fall 10% as disappointment spreads after the company posts a final deficit for the fiscal year ending March 2014 (Nikkei)
- Nikon’s stock price plummeted on the Tokyo Stock Exchange on the 6th, briefly hitting 1,737 yen, down 200 yen (10%) from the previous day. The morning closing price was 1,801.50 yen, down 135.50 yen (7%). Disappointed selling is spreading after the company announced the previous day that it expects its consolidated net income to fall into the red for the fiscal year ending March 2026. In addition to the large impairment losses, the company’s profitability in areas such as cameras is declining, leading some in the market to predict a prolonged slump in its stock price.
・Financial results summary and financial results briefing materials (official website)
- Imaging Business YoY (cumulative Q3): Sales volume increased mainly for the “ZR,” the first digital cinema camera incorporating RED technology, and the volume-selling “Z5II” and “Z50II.” However, sales and profits decreased due to factors such as a decline in average selling prices caused by increased promotional costs due to changes in the product mix and an intensifying competitive environment, as well as the impact of foreign exchange rates and tariffs.
Nikon’s Q3 financial results show a decline in revenue and profits in its imaging business, and the company as a whole is in the red for the fiscal year ending March 2026, showing poor performance. While sales of cameras appear to be strong, a decline in unit prices due to relatively low-priced products becoming the focus of sales appears to be having an impact. While declining profitability in cameras is seen as a problem, there are rumors of a model change for flagship cameras this year, so hopes are high for a comeback.
via Digicameinfo