Sony released their FY2023 consolidated financial results for the fiscal year ended March 31, 2024. Here is the information related to the camera business:

• In FY23, digital cameras and interchangeable lenses generated increased sales and operating income thanks to enhanced product appeals, and televisions and mobile communications reduced costs, enabling the entire segment to achieve a level of operating income that exceeded FY22 results and our projections at the beginning of FY23.
• The market for interchangeable lens mirrorless cameras, which is the main source of sales and profit for this segment, showed strong growth in the previous quarter, primarily in China and Japan, and has continued to remain strong since April.

Nikon’s yearly financial results are out (for the year ended March 2024)

Canon Q1 2024 financial reports: “Decline in Imaging sales leads to lower operating profit”

Tamron releases financial results, plans to release 7 new lenses in 2024

Source: Sony

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Fujifilm released its FY2023 financial results - here are the details for the Imaging Segment:

Imaging Segment

In the Imaging segment, consolidated revenue amounted to ¥469.7 billion (up 14.5% year-over-year). Consolidated operating income amounted to ¥101.9 billion (up 39.9% year-over-year). In the consumer imaging business, steady sales of the INSTAX instant photo systems drove revenue higher. In addition to the existing product lineup, sales of high value-added products, mainly INSTAX mini Evo and INSTAX Pal, a palm-sized camera launched in October 2023, fared well.

In the professional imaging business, revenue increased as sales of digital cameras remained strong. In March 2024, we launched the FUJIFILM X100VI, the latest model in the X100 series of high-end compact digital cameras. It is equipped with a 40.2-megapixel sensor, the latest processor and the first in-body image stabilization feature for even higher image quality and performance.

Consumer Imaging Revenue ¥297.6 billion (up 11.5% YoY)

• Achieving the INSTAX sales target of ¥150.0 billion for FY2024 one year ahead of schedule was a major driving force behind revenue growth in Consumer Imaging
• High value-added products, mainly INSTAX mini Evo, a hybrid instant camera incorporating digital technology, and INSTAX Pal, a “palm-top camera” launched in October 2023, performed well
• INSTAX mini 99, the top-of-the-line analog instant camera, was launched in April 2024

Professional Imaging Revenue ¥172.1 billion (up 20.0% YoY)

• Revenue rose due to strong sales of X-S20 launched in June 2023 and GFX100 II launched in September 2023, in addition to the models released in the previous fiscal year
• In March 2024, we launched X100VI, the latest model in the X100 series of high-end compact digital cameras, equipped with a 40.2-megapixel sensor and the latest processor

Source: Fujifilm, via FujiAddict

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Canon reported a decline in Imaging sales that led to lower operating profit in their latest Q1 financial reports:

"As for the camera market, last year, the aggressive promotions of each company during the selling season fourth quarter expanded unit sales. As a result, we expect the market this year to be down 4% to 5.75 million units.

In the first quarter, unit sales grew, mainly driven by mirrorless cameras like the EOS R50. However, as some of the cameras that we sold in the fourth quarter of last year were still in stock in the market, net sales declined due to reduction in the number of units shipped to optimize market inventory, and sales promotion expenses to promote sell-out of mass retailers.

From the second quarter, in addition to the optimization of market inventory, through the enhancement of our lineup of cameras and lenses, we will further strengthen our EOS R system, stimulating demand for both still and moving images. And by improving our product mix through an increase in our mirrorless camera ratio, we aim to achieve sales growth of 3.7% for the full year."

Source: Canon

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Tamron releases their latest Q1 financial results:

• Net Sales increased significantly by approximately 1.4 times YoY.
• Operating Income increased significantly by approximately 1.7 times YoY : Significant record-high profits for the 1st quarter.

Tamron also reported their plan to release 7 new lenses in 2024:

Two out of the seven lenses are already announced:

• Tamron 28-75mm F/2.8 VXD G2 (Model A063)
• Tamron 11-20mm F/2.8 RXD G2 (Model B060)

Source: Tamron

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