Here are the latest financial reports from Nikon, Ricoh, Fujifilm, and Tamron:

Nikon FY financial results:

• Revenue: ¥290.00 billion (approx.$2 billion). Projection as of 2/8/26: ¥290.00.  -1.79% compared to fiscal ’25 actual.
• Earnings:  ¥16.7 billion (approx. $115.17 million). Projection as of 2/8/26: ¥21.00 billion. -49.15% compared to fiscal ’25 actual.  -20.48% compared to 2/8/26 estimate.
• Unit sales bodies: 910,000.    Projection as of 2/8/26: 900,000.   +5.88% compared to fiscal ’25 actual.    +1.11% compared to 2/8/26 estimate.
• Unit sales lenses: 1.3 million.   Projection as of 2/8/26: 1.3 million.   -0.76% compared to fiscal ’25 actual.

Ricoh FY2025 financial results:

• Cameras performed well and increased earnings, primarily driven by the Ricoh GR series.
• The segment overall reduced its operating loss through cost controls and robust camera sales, despite upfront investments in new businesses and a goodwill impairment in the drug discovery support business.

Ricoh FY2025 financial results (for the year ending May 12, 2026)

Fujifilm FY2025 financial reports:

• Revenue was JPY3,357.0 billion and increased 5.0% year-over-year.
• Operating income was JPY350.2 billion and increased 6.1% year‑over‑year.
• Net income attributable to FUJIFILM Holdings was JPY276.7 billion and increased 6.0% year‑over‑year.
• The annual dividend for FY2025 is expected to be JPY70 per share, marking the 16th consecutive annual increase.

Fujifilm Announces Financial Results for the Fiscal Year Ended March 31, 2026

Tamron’s 1st Quarter FY2025 financial results (Photographic Products)

• Before FY23: Approx. 5 new models per year
• Initial Medium-Term Management Plan: Target of 6-7 launches per year
• FY24: 7 launches achieved; FY25: 6 launches achieved
• New Medium-Term Management Plan: Targeting 10+ new model launches per year by FY26
• Net Sales: ¥11,305 million (-16.7% YoY): Significant decline driven primarily by weak OEM performance; other segments offset some impact at consolidated level.
• Operating Income: ¥2,390 million (-37.2% YoY)
• Operating Margin: 21.1% (-6.9 pts YoY): Profit hit by lower gross profit (sales decline + unfavorable product mix), plus higher material/utility costs, increased R&D, and personnel expenses.

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Here is an updated list of what to expect next from Nikon (see previous reports):

Cameras

• Nikon Z9II: now coming in 2027 with heavy RED integration, which I think is the reason for the delay (see rumored specifications).
• Nikon mirrorless camera without a viewfinder: designed for photography (similar to, or based on the ZR). This could also be a new Nikon compact full-frame fixed lens camera.
• Nikon APS-C camera: most likely a new top-of-the-line/high-end DX model. The Z30 is already up for replacement – it was first announced in June 2022. There were some unconfirmed reports that this could be a mini-Nikon ZR model with some RED tech inside. The RED Komodo, for example, features a Super 35mm sensor, commonly regarded as an APS-C equivalent (it’s slightly larger than a typical APS-C sensor).

Lenses

• New/cheaper 14-24mm, 14mm, or similar wide-angle lens as a companion to the new 24-105mm – to be paired with the Z5II (not a replacement for the Nikkor Z 14-24mm f/2.8 S lens).
• New Nikon 16-35mm lens or a similar lens designed for vloggers.
• Nikon Nikkor Z 120-300 f/2.8 TC VR S lens expected in the second half of 2026 (development announcement).
• Nikkor Z 85mm f/1.4 (to match/complete the 35mm/50mm f/1.4 lenses) expected later (may not arrive in 2026).
• More Nikkor Z cinema lenses – this has been reported for months.

Here is the latest Nikon news:

New photos from the Artemis II mission released, and how NASA is testing cameras for flight

The upcoming Nikon Nikkor Z 120-300mm f/2.8 TC VR S 1.4x lens is rumored to be priced around $8,000+

The Nikon R1C1 wireless close-up Speedlight system is now on sale (up to $300 off)

Nikon USA rebates for May remain unchanged

New Nikon rebates started in Europe: up to € 1,000 off

Nikon Reflex Nikkor 2000mm f/11 lens review by Jo Geier

Nikon Hong Kong is implementing a hefty administration fee for Nikon grey market repairs

New Nikon camera N2527 registered overseas

There is no Nikon Z9 camera shortage; the Z9II will most likely not come in 2026

The next Nikon ZR firmware to include those four upgrades

Via NikonRumors

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