The latest financial results from Nikon, Fujifilm, and Tamron

Here are the latest financial results from Nikon, Fujifilm, and Tamron:

Nikon released its financial results for Q3 of the year ending March 2023 and reported a significant increase in revenue and operating profit YoY:

  • “Nikon Corporation NINOY reported a net profit of ¥20.6 billion for the third quarter (ended Dec 31, 2022) compared with the year-ago profit of ¥12.6 billion. For the third quarter, revenues rose 25.8% year over year to ¥167.7 billion.
  • The Imaging Products (41.7% of revenues) segment’s revenues rose 49.4% year over year to ¥69.9 billion in the reported quarter, owing to higher sales of Z 9 full-frame mirrorless camera and yen depreciation.
  • The Imaging Products segment’s operating profit was ¥19 billion compared with the operating profit of ¥6.3 billion in the year-ago quarter.
  • Imaging Products’ revenues are expected to rise 29.1% year over year to ¥230 billion.”

Fujifilm reported its financial results for Q3 FY2022:

  • Brisk sales of instant photo systems and digital cameras boosted overall revenue by 24.4% year-over-year to ¥323.7 billion, and operating income by 80.8% year-over-year to ¥62.7 billion.
  • In the Consumer Imaging, revenues increased due to strong sales of instant photo systems, color photographic paper and dry minilabs / materials. In November 2022, we launched the smartphone printer INSTAX SQUARE Link. It is rated highly in the market for its new functions: AR Print which allows users to apply an augmented reality (AR) effect to INSTAX prints, and INSTAX Connect which allows users to send INSTAX images with chat messages.
  • In the Professional Imaging, revenue increased due to steady sales of new models from the X Series, which celebrated its 10th anniversary. These are X-H2S released in July 2022, X-H2 released in September 2022, and X-T5 released in November 2022 that adheres to the X Series’ original concept of “compact, lightweight, and superior image quality,” while prioritizing photography in its design.

Tamron also released its FY2022 financial results:

  • Mirrorless continues to grow substantially while DSLR sales fade away
  • Tamron is promising to release around 5 lenses a year.

I already mentioned the latest Ricoh’s Q3 financial (the camera business has been profitable for 3 consecutive quarters):

Ricoh’s Q3 financial results are out: the camera business has been profitable for 3 consecutive quarters


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