Nikon released Q2 financial results

• No real change or surprises
• 1^st half revenue at ¥151.7 billion, earnings at ¥28.8.
• The full-year forecast remains the same at ¥305 billion, but the earnings forecast raised from ¥45 to ¥47 million.
• The full-year forecast remains the same, with 850,000 bodies and 1.35m lenses.
• Nikon claims the market is still 6.1 million bodies and 9.6 million bodies (same as the claimed in August).

Ricoh released Q2 financial results: “The Camera business performed well thanks to the contribution of new products, resulting in increased sales and profits””

• The Camera business performed well thanks to the contribution of new products, resulting in increased sales and profits

Fujifilm Financial Results For FY2025 Q2 – Strong Digital Camera Sales

• In the Imaging segment, consolidated revenue amounted to ¥257.2 billion (up 17.4% year-over-year).
• Consolidated operating income amounted to ¥66.2 billion (up 33.8% year-over-year).
• In the consumer imaging business, steady sales of the instax instant photo systems drove revenue higher.
• In the professional imaging business, strong sales of digital cameras contributed to higher revenue.

Canon Q3 2024 Financial Results

• In the markets which we compete, weak demand in China and Europe, but solid demand overall
• Sales of cameras, network cameras and laser printers, which recovered in second quarter, continued to grow steadily in third quarter
• Steady growth in commercial printing equipment sales where medium-to long-term market growth is expected
• Third-quarter sales up 5.3% from last year and at record high level, also achieved record high in YTD sales
• Operating profit up nearly 20%, operating profit ratio one point above last year

Sony Q2 FY2024 Consolidated Financial Results

Entertainment, Technology & Service Segment:

• Sales for the quarter were 619.8 billion yen, essentially flat year-onyear.
• Operating income increased 15% year-on-year to 70.2 billion yen, mainly due to the favorable impact of foreign exchange rates and cost reduction effects.
• The FY24 forecast remains unchanged from the previous forecast.
• Major markets such as North America, Europe, China and Japan remained generally stable during the quarter, and solid business operations enabled us to achieve operating income that exceeded the same quarter of the previous fiscal year.
• We continue to pay close attention to inventory control, and, while overall segment sales remained essentially the same as in the same period of the previous fiscal year, we were able to reduce inventory by approximately 10% at the end of the quarter.
• On the other hand, the imaging business, which significantly grew year-on-year in the first quarter ended June 30, 2024, mainly in China, was essentially flat year-on-year in the current quarter. As a result, we have incorporated into our forecast a pro-active change to a more cautious production and inventory plan in preparation for the year-end selling season.

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