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Nikon’s Q1 FY2022 outcomes: Income, working revenue up with 220K ILC items, 390 lens items offered: Digital Pictures Evaluate

Nikon has shared its monetary outcomes for the primary quarter of its 2022 fiscal yr (Q1 FY2022), which ends March 2022 and spans from April 1, 2021 to June 30, 2021.

1st quarter of the yr ending March 31, 2022: Monetary Highlights by Phase. Click on to enlarge.

Nikon’s Imaging Merchandise Enterprise exhibits income of fifty billion yen ($457 million) and an working revenue of 9.2 billion yen ($84 million). That’s up 24.9 billion yen ($228 million) and 17.5 billion yen ($160 million), respectively, in comparison with the identical quarter final yr (Q1 FY2021). Nikon says the rise in income is ‘due partially to the weaker yen’ and notes its Q1 FY2022 working revenue was ‘considerably’ larger as a consequence of ‘deferred partial bills to Q2 and past,’ suggesting we’d see a future impression as these bills are realized all through the remainder of the yr.

As for items, Nikon offered 220,000 interchangeable lens digicam items, 390,000 interchangeable lenses and 70,000 compact cameras. That’s a rise of 80,000, 170,000 and 20,000, respectively, in comparison with Q1 FY2021.

1st quarter of the yr ending March 31, 2022: Imaging Merchandise Enterprise breakdown. Click on to enlarge.

Nikon attributes its restoration to ‘expanded gross sales of mid- to high-end merchandise to professionals and hobbyists by enhancing the lineup of interchangeable lenses for mirrorless cameras’ in addition to ‘the restoration of the market from the identical interval final yr throughout which the unfold of COVID-19 adversely affected gross sales.’ Nikon says it expects the digital digicam market to proceed recovering and confirms the typical promoting value (ASP) is growing because it continues to ‘shift [focus] to fashions for professional/hobbyists.’

In contrast to Canon, Nikon makes no point out of the worldwide chip scarcity with reference to the way it’s impacting manufacturing, regardless of not transport USB-C cable chargers with its new Z6 II and Z7 II mirrorless cameras as a consequence of issues with sourcing the required parts.

You’ll find Nikon’s monetary outcomes and presentation materials for Q1 FY2022 on Nikon’s Investor Relations web site.

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