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Nikon’s revenue fell 23.7%, the year was unprofitable

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Nikon this week released its fiscal year 2021, ending March 31 for the Japanese manufacturer.

Revenue for the period was $ 4.1 billion, down 23.7% from the prior fiscal year. During the reporting period, the company incurred operating losses of $ 414 million, and the year ended with a net loss of $ 315 million. A year ago, revenue was $ 5.4 billion, and the company ended the year with $ 70.6 million in net profit.

Areas of activity related to the production of photographic equipment and medical devices turned out to be unprofitable. At the same time, the production of precision equipment (primarily photolithographic systems for semiconductor production), as well as measuring and other devices was profitable.

When it comes to photographic equipment, the authors of the report note increased competition, changing consumer behavior and the effect of the COVID-19 pandemic. All of these factors had a negative impact on sales. During the year, the company managed to sell only 840 thousand cameras with interchangeable lenses and 1.35 million lenses for them. By comparison, 1.62 million interchangeable lens cameras and 2.65 lenses were sold during the previous fiscal year. The dynamics over the past four years is clearly shown in the diagram.

Nikon's revenue fell 23.7%, the year was unprofitable

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