Nikon Q1 2016 FY report reveals improved sales
Nikon has revealed its latest report concerning the sales and earnings of the first quarter of the 2016 financial year. Despite the fact that camera and lens sales decreased, the company reported an increase in sales value and operating income thanks to weaker yen as well a reduction in operating costs.
Canon Q2 2015 financial report: profit down by almost 16%
Roughly one month after the end of a quarter, companies are beginning to reveal their earnings report. Canon is among the first digital imaging company to do it and it is doing worse than expected. The Canon Q2 2015 financial report reveals that the company’s profits have declined by about 16% following poor camera sales.
Canon Q4 2014 earnings and FY 2014 results revealed
Canon has revealed its financial results for the quarter and the financial year, which ended on December 31, 2014. The company has been close to match its 2013 revenue, but the profits have increased by a significant amount. As for the Canon Q4 2014 earnings, they have grown when compared to the same period in 2013.
Canon Q3 2014 financial report reveals 21% camera sales drop
Canon has revealed its latest financial results for the third quarter of the year, which ended on September 20, 2014. The company has revealed a drop in both revenue and profit caused by decreasing digital camera sales. The Canon Q3 2014 financial report states that this drop is the effect of “economic stagnation” in Japan and Europe.
Kodak reports $283 million profit in Q1 2013
After announcing that it will hand over its personalized and document imaging businesses to the UK Pension Plan, Kodak has posted its earnings for the first quarter of 2013. The company continues its emergence out of bankruptcy with a quarterly profit of $283 million, thanks to its patent sales to a number of companies.
Kodak prepares to shed bankruptcy following Pension Plan deal
Kodak has taken another important step towards exiting the bankruptcy status. The company has agreed to sell its personalized and document imaging businesses to the UK Pension Plan, in order to settle a debt of over $2.8 billion. Kodak says that this will allow the digital camera maker to escape Chapter 11 protection soon.
Canon stock plunges following annual forecast decline
Canon has recently reported its financial statement for the first quarter of 2013. Since the company’s net income dropped along with camera sales, the stock price took a huge blow. Canon has not managed to meet the analysts’ estimates, and it seems like things will get worse before they get better, as operating margin is also down.
Olympus to reduce DSLR investments, focus on mirrorless instead
All digital imaging companies have been affected by smartphone sales. The image sensors found in high-end mobile devices are attracting potential compact camera and DSLR customers. Olympus is one of the companies which have taken the biggest blow and, as a result, it has announced that it will reduce DSLR investment.
Nikon cuts net income forecast, blames poor sales in Europe and China
Nikon published its third quarter financial results with not so good numbers. Although the company is still profitable, it reported poor earnings during the third quarter of the 2013 financial year. Blaming price declines and poor sales on European and Chinese markets, Nikon has decided to cut down its annual profit forecast.
Panasonic Q4 2012 earnings reached $667 million
It is not easy for camera makers to increase their revenue or their profits as sales are dropping, while prices are getting lower. Despite these harsh conditions, Panasonic managed to report a positive balance sheet in the fourth quarter of 2012. The company returned to profitable ways by cutting down the costs as sales slipped by 8%.