The latest financial results from Panasonic, Olympus, Nikon, Kodak, Canon and Ricoh

Panasonic announced the recognition of extraordinary losses. Their financial results can be found here but they do not provide any camera specific data/information (Panasonic’s camera business is under the appliances segment). Last year there were rumors about Panasonic dismantling their digital camera business and placing it under the umbrella of other operations. Also last year Panasonic announced “organizational and personnel changes”.

Olympus announced their financial results for the fiscal year ended March 31, 2018. Here is the info for the Imaging Business – there is a revenue drop YOY for every camera category which resulted in an overall operating loss:

Nikon’s 2018 financial results are out: profits are up (76.2% operating profit increase for the imaging business) while the number of sold cameras is down. The 2019 forecast is similar – similar profit is expected for the Nikon Imaging Products Business with a decrease in unit sales across the board due to continuous market shrinkage.

Kodak reported their first-quarter 2018 financial results: reporting a net loss of $25 million on revenues of $357 million. Details on the Kodak film division:

“Consumer and Film Division (CFD) revenues for the first quarter were $48 million, compared with $49 million for Q1 2017. Operational EBITDA declined from negative $4 million in Q1 2017 to negative $6 million in Q1 2018. CFD’s motion picture film business had strong performance for the quarter, with a revenue increase of 20 percent compared with the same quarter in the prior year.”

Canon released their 2018 Q1 financial results:

“The camera and printer maker forecast profit of 270 billion yen ($2.43 billion), up from 255 billion yen estimated in January. It reported profit of 228.9 billion in the previous twelve months. The upbeat outlook suggests Canon’s strategy to diversify has begun to reward the company after the $5.8 billion acquisition of the Toshiba unit and the $2.8 billion takeover of Swedish video-surveillance firm Axis AB. (Reuters)”

Ricoh also released their FY2018/03 financial results – sales are slightly up, profits are down. Not much information is available for the camera segment (part of Smart Vision).

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