13th November 2004, 09:14 AM
Nikon and Canon financial profits
Both Nikon and Canon have done well, particularly Nikon which tripled its profits. Both articles are extracted from Bloomberg:
Nikon Profit Triples on Chip Equipment, Camera Sales
Nov. 12 (Bloomberg) -- 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.
Net income probably totaled 7.8 billion yen ($74 million) in the six months ended Sept. 30, up from 2.05 billion yen a year earlier and better than the Tokyo-based company's 3 billion yen forecast, Nikon said today in a preliminary earnings release.
Demand for liquid-crystal displays, especially in Asia, is fueling higher sales of equipment to make the chips that drive the devices. Digital cameras such as the company's D70, which features detachable lenses, also helped boost profit, the company said.
First-half sales rose 30 percent to 312 billion yen from 240.9 billion yen a year earlier but fell short of the company's 320 billion yen forecast, Nikon said in the statement.
Nikon shares, which have fallen 37 percent since the beginning of the year, rose 1.7 percent to 1,020 yen, snapping four days of losses. The preliminary earnings report was released after the close of equity markets in Tokyo.
Nikon is scheduled to report final results for the first half on Nov. 15.
Canon Inc. Reports Results for Third Quarter 2004
LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--Oct. 28, 2004 Canon U.S.A., Inc., a subsidiary of Canon Inc. (NYSE:CAJ) and a leader in imaging technologies, today announced Canon Inc. third quarter 2004 consolidated net sales of 838.3 billion yen (US$ 7,552 million), which represents an increase of 9.2% over the third quarter of fiscal year 2003.
Canon reported third quarter net income of 101.8 billion yen (US$ 917 million), a significant increase of 39.4 % over the same period last year and an earning per share of 114.79 yen (US$ 1.03).
"In terms of net sales, Canon recorded year-on-year growth of 9.2% for the third quarter. This was mainly due to the fact that we exceeded our projections for both monochrome and color laser beam printers. In addition to this, we continued to achieve significant net sales growth in semiconductor production equipment, digital cameras and color copying machines," said Toshizo Tanaka, Senior Managing Director and Group Executive for Finance and Accounting Headquarters, Canon Inc.
For more detailed information and tables, please refer to our Announcement of Third Quarter 2004 financial results at http://www.canon.com/ir/index.html .
Extracted from http://www.canon.com/ir/results/2004/rslt2004q3e.pdf :
Within the camera segment, amid the continued strong demand for digital models worldwide, sales of compact
digital cameras showed significant growth, boosted by the launch of eight new PowerShot-series models in the
first half. Among the new lineup, the PowerShot S500 Digital ELPH and PowerShot A75 in particular have
achieved strong sales while new models released in September have also been well received by the market.
Canonís digital SLR cameras also continued to enjoy robust growth, bolstered by the EOS Digital Rebel,
launched in September of last year, and the successor to the EOS 10D, the EOS 20D, which was introduced in
September, 2004. As a result, unit sales of digital cameras grew by nearly 50% compared with the year-ago
period. In the field of digital video camcorders, new models such as the Optura 500/400, Elura 70/65/60 and
Optura 40/30 models achieved favorable sales during the third quarter. Consequently, camera sales overall
continued to enjoy growth of 5.9%, achieving total sales of •165.0 billion (U.S.$1,486 million). Operating
profit for the camera segment decreased 23.1% to •29.8 billion (U.S.$268 million), as the gross profit ratio
decreased slightly due to the effects of the stronger yen and price competition, along with increased advertising
and sales-promotion spending. As a result, the operating profit ratio for the period decreased by 6.8%
Last edited by mpenza; 13th November 2004 at 09:18 AM.
13th November 2004, 09:21 AM
btw, the post is just for info, not to spark off another war I own cameras from Nikon and Canon.