Nikon Corp. reported a net profit of 27.3 billion yen (US$341.2 million) for its FY10/11 that ended on March 31st.
This is in comparison to the net loss of 12.6 billion yen (US$157.5 million) reported in the previous fiscal year, owing to the shrink in the global demand for microchips and display panel production equipment. The operating profit was 54 billion yen (US$675 million), compared with an operating loss of 13.9 billion yen (US$173.7 million) in FY09/10.
The Imaging Product Company’s operating profit slightly grew by 0.4 percent to 52.3 billion yen (US$653.7 million), on total sales of 596.3 billion yen (US$7.45 billion), up 4.7 percent. Sales of DSLR cameras grew 16.9 percent, 4.29 million units from 3.67 million units a year ago while compact camera sales rose 23.9 percent to 14.26 million units (11.51 million units last year). Interchangeable lenses increased 16.7 percent to 6.36 million units (5.45 million in 2009).
It expects the group net profit to rise 54 percent to 42 billion yen (US$525 million), on continued growth of its precision equipment business. The business anticipates an operating profit of 31 billion yen (US$387.5 million), compared to the net operating profit of 2.71 billion yen (US$33.9 million) for the FY10/11.