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Nikon 1st-Half Profit May Exceed Target on Digital Camera Sales

Published by: Bloomberg       08-26-2005        Read Complete Article
Article Summary

Nikon Corp., the world's fifth-biggest seller of digital cameras, said its fiscal first-half operating profit may exceed forecast on rising sales of the devices.

"As of July, camera shipments look solid, which may help bring operating profit slightly above our expectation,'' said Nikon spokesman Masayuki Hatori, responding to an earlier Nihon Keizai report that the company's operating profit may almost triple to about 22 billion yen ($200 million) in the six months ending Sept. 30. The company had forecast 19 billion yen. ....Read Complete Article




View Other Recent Articles from Bloomberg
Article Title & Description Updated
Canon Shares Soar on Sales of Digital Cameras
"Shares of Canon Inc., the world's biggest digital camera maker, had their biggest gain in more than two years after a researcher said the company's digital camera shipments gained a third in 2005.

Canon increased global digital camera shipments 29 percent to 16.2 million in 2005, researcher IDC said on April 4. Eastman Kodak Co., the world'......

04/12/06
Nikon Expects Advanced Digital Camera Shipments to Rise 30%
March 20 (Bloomberg) - Nikon Corp., the world's sixth- biggest digital camera maker, expects shipments of models with interchangeable lenses to rise 30 percent next year on lower- priced models.

Shipments of digital single-lens reflex cameras, geared for professionals and hobbyists, will gain to more than 1.8 million units in the year ending......

03/20/06
Nikon Raises Annual Forecast on Digital Camera Sales
"Nikon Corp., the world's fifth-biggest seller of digital cameras, third-quarter net income fell 7 percent and the company raised its annual profit forecast on better than expected sales of digital cameras."......

02/07/06
Fuji Photo to Buy Avecia's Inkjet Unit for $260 Mln
Fuji Photo Film Co. will buy an Avecia Group unit for 150 million pounds ($260 million) to become the world's biggest supplier of dye and inks used in inkjet printers.

Fuji Photo will acquire the inkjet unit of Manchester, U.K.- based Avecia, which expects 14.3 billion yen ($123 million) in sales in the year ending December, Fuji said in a fa......

12/26/05
Kodak Digital Camera Sales Likely Increased on Holiday Demand
Eastman Kodak Co. probably generated increased holiday sales of digital cameras and printers, boosting efforts by the world's largest photography company to shift from its traditional film business.

"This will be a great year for Kodak in digital," said Christopher Chute, senior analyst at market-research firm IDC." They have a pretty simple ......

12/26/05
Japan's Digital Camera Shipments May Miss Forecast
Bloomberg is reporting that Digital camera shipments by Japanese manufacturers will probably rise only 8.4 percent this year, compared with previous estimates of 21 percent, according to the Camera & Imaging Products Association.

"Sales aren't rising as much as the association had expected in part because about half the Japanese households al......

08/11/05
Nikon Camera Unit to Beat Profit Target with SLRs
June 23 (Bloomberg) - Nikon Corp., the world's fifth-biggest seller of digital cameras, expects profit at its imaging unit to exceed the annual target of 20 billion yen ($183 million) as it introduces single-lens reflex models and slashes inventory.

"The number is quite conservative and we want to beat it,'' Makoto Kimura, managing director ......

06/22/05
Olympus to Cut Digital Camera Costs to Recover Profit
Olympus Corp., the world's fourth- largest seller of digital cameras, plans to cut production costs for digital cameras by 30 percent or more as it tries to keep pace with falling prices and cooling demand for the devices.

"The cost cuts will have to stay ahead of the expected 15 to 20 percent decline in digital camera prices this year,"' Oly......

06/08/05
Olympus to Cut Digital Camera Costs
June 6 (Bloomberg) - Olympus Corp., the world's fourth- largest seller of digital cameras, plans to cut production costs for digital cameras by 30 percent or more as it tries to keep pace with falling prices and cooling demand for the devices.

"The cost cuts will have to stay ahead of the expected 15 to 20 percent decline in digital camera pr......

06/06/05
Canon, Sony, Olympus Expect Digital Camera Shipments to Slow
May 17 (Bloomberg) -- Canon Inc., the world's biggest digital camera seller, second-ranked Sony Corp., and rival Japanese makers expect shipments of the devices to slow this year as demand slows at home and in the U.S.

Canon, the maker of PowerShot models, said it predicts shipments to grow 20 percent to 16.8 million units in 2005, compared ......

05/18/05
Olympus Had Net Loss on Slowing Digital Camera Sales
Olympus Corp., the world's fourth- largest seller of digital cameras, had a full-year loss as sales of the devices slowed and competition forced it to drop prices. Net loss totaled 11.8 billion yen ($112 million), or 44.98 yen a share, in the year ended March 31, compared with a profit of 33.6 billion yen, or 126.96 yen, a year earlier, the company......

05/09/05
Kodak Rises to Third in Global Digital-Camera Sales
Eastman Kodak Co., the world's largest photography company, rose to third place in global digital camera sales last year, surpassing Olympus Corp., according to a report by IDC, a market data company.

Worldwide shipments of digital cameras reached 74 million units in 2004, IDC said today in a report. Rochester, New York- based Kodak, which la......

04/15/05
Eastman Kodak to Cut 500 Film-Processing Jobs in U.K.
Nov. 17 (Bloomberg) -- Eastman Kodak Co., the world's biggest photography company, will cut 500 jobs at processing labs in the U.K., as demand for conventional film succumbs to the popularity of digital photography. ......

11/18/04
Nikon Triples Profit on Chip Equipment, Camera Sales
Nikon Corp., a maker of cameras and lithography equipment, said fiscal first-half profit more than tripled on demand for chipmaking equipment and digital cameras. ......

11/12/04






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