As per the latest report we have Nikon’s imaging business has shown steady growth, leading to an upward revision of its forecast for the current fiscal year.
Nikon recently released its latest financial report, revealing that its imaging business maintained strong sales momentum from April 1st to September 30th. Overall sales have steadily increased.
Due to the strong performance of its full-frame Nikon Z8, Nikon Zf, and the new Nikon Z6 III, sales of mid-to-high-end cameras and lenses have been robust, resulting in growth in both sales revenue and profit. Imaging business operating revenue increased by 10.2% year-on-year to 151.791 billion yen, while operating profit rose by 14.4% year-on-year to 28.848 billion yen.
This growth was driven by both cameras and lenses. Camera sales reached 410,000 units (a 20,000 unit increase year-on-year), while lens sales reached 650,000 units (a 40,000 unit increase year-on-year).
Based on this recent strong performance, Nikon has revised its forecast for the current fiscal year. It expects to sell 850,000 cameras (a 50,000 unit increase year-on-year) and 1.35 million lenses (a 100,000 unit increase year-on-year) for the entire fiscal year 2025.
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source – Nikon Japan
That’s exciting news! However, Sony seems concerned about their current sales. According to their latest report:
The imaging business, which grew significantly year-on-year in the first quarter ending June 30, 2024, especially in China, was essentially flat year-on-year in the current quarter. Consequently, we have adjusted our forecast, taking a more cautious approach with production and inventory planning for the year-end selling season.
Sony has been known to pull out of markets where they face challenges, as seen with their exit from the smartphone and drone markets. Could the camera division be next?