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Firmware Update

Nikon Having Extraordinary Financial Loss

Nikon in loss image

Nikon having extraordinary Financial loss

Well they are really honest to accept the current situation they are facing. But this bold step will make a new user to think twice before investing on Camera system.

Today we have already published a bad news related to Nikon DL compact. Now it’s time for a another one.

Nikon formally issued a notice of Extraordinary loss

As announced in “Notice of Restructuring” released on November 8, 2016, Nikon Group is currently under a fundamental company-wide restructuring to improve its corporate value as shifting from a strategy pursuing revenue growth to one pursuing profit enhancement.

In accordance with this restructuring, the Group recorded extraordinary loss of 29,790 million yen, mainly incurred from inventory write-downs/write-off in Semiconductor Lithography Business, as restructuring expenses for the nine months ended December 31, 2016.

As usual Job Cut and all

For approximately 1,000 workers a special retirement benefit will be paid in addition to the normal retirement benefit. Re-employment support services will also be provided on request.

And more…

Revision of the Financial Forecast for the Fiscal Year Ending March 31, 2017

Regarding the consolidated financial forecast for the year ending March 31, 2017, despite the continuous boom in sales of FPD Lithography Systems in the Precision Equipment Business, consolidated operating income as a whole is expected to fall below the previous forecast, impacted by the sluggish and shrinking markets of digital cameras in the Imaging Products Business and industrial metrology equipments in the Instruments Business.

As announced in “Notice of Restructuring” released on November 8, 2016, Nikon Group is currently under a fundamental company-wide restructuring in order to enhance our ability to generate profits and create value. And an extraordinary loss of approximately 53 billion yen in total, including the expenses related to “Result of Solicitation for Voluntary Retirement” and “Notice of Recognition of Extraordinary Loss” released today, is expected to incur as restructuring expenses, which is 5 billion yen increase from the previous estimate of 48 billion yen in “Notice of Restructuring” released on November 8, 2016.

Update (As of Feb 14 2017)

Nikon going down

We have displayed the Nikon Stock status of  Feb 14, the stock prices fall 14.6% today after the announcement of BIG Loss (above).

 

Expert Onion

Take a look what Tony Northup thinking about the entire situtation

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7 comments to Nikon Having Extraordinary Financial Loss

  • Steve

    Nikon and Canon both are in trouble.

    They have to understand that even a smartphone in people’s pocket is able record 4K videos. And people who are buying big and bulky Nikon D3400 and Nikon D5600.. both are limited to Full HD videos only.

    To gain profit they should do the following

    4K video even in entry level DSLRs and Mirrorless (Not less then that)

    A 18-35mm F1.8 OR F2.8 kit lens with new camera (High quality lens will show the real power of APS-C and FF sensors)

    The other main important factor is sharing capability of today’s DSLR.
    CanoNikon and others must have pre-installed apps like
    1. Instagram
    2. Facebook
    3. Twitter
    4. other popular onlineweb apps like 500px and flickr

    DSLR should have direct synchronization with cloud stooge like
    1. Dropbox
    2. Gdrive
    3. one drive
    4. private cloud (FTP upload)

  • Stella

    @Steve

    I am totally agree with you

    Why don’t you apply for a technical adviser Job at Nikon ?

  • Zorayr

    In comparison of canon,Sony, pentax and other brands nikon has a bad build quality, also an understandable price polycy…

  • Katakefalos

    I agree with Steve 100% but even with all these features photographic companies will continue to loose money.
    The problem is at photography general that squeezing the media from professionals to amateurs.
    Yes digital photography became more popular but for amateur people and not for professional photographers that in my opinion are less worldwide trying to earn money and consume Nikon’s,Canon’s whatever brand’s equipment.

  • Cenk

    I need a quality & high bit 444 or at least 422 in-body Full HD video & at least 150 FPS slow-motion PAL… In addition, a fully articulating screen in a professional body like 7D MKII… That’s all I need and waiting for Canon since 2010…

  • Raymond Monk

    Simple, quit trying to get rich on every sale.. lower price point drives sales. $6,000 for a 24mp camera???? Really… add in body stability like the competition is doing, instead of forcing buyers to buy VR lenses at premium prices.
    Yes, 4K should be a standard at full sensor use, not crop.
    Touch screen focus and control on all cameras like the phone.
    Simple business practice is to always give it your all in everything you do, make it more affordable to buy the camera, this way we don’t wait for a new camera, just so we can buy the previous model used at 70% .

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