Nikon Q2 financial results: better-than-expected revenue with plans to cut expenses and increase focus on higher-end cameras, lenses: Digital Photography Review
Nikon has released financial results for the second quarter (Q2) of its 2021 fiscal year, which starts April 1 (2020) and ends March 31 (2021), revealing a larger operating loss than forecasted despite higher-than-expected revenue.
As tends to be the case with financial results, there are plenty of nuances hidden within the broader numbers, but what is clear is Nikon’s Imaging Products Business is going through changes, not unlike Canon, which is also transitioning its product line and production facilities away from DSLRs and towards mirrorless.
Q2 Financial Highlights by segment. We have highlighted the Imaging Products Business, with the last column being the Q2 FY2021 results.
Starting with the Q2 results for Nikon’s Imaging Products Business, Nikon reports operating…
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