Nikon Q2 net income soars|
(Tuesday, August 9, 2005 - 17:37 EDT)
Financial website Bloomberg.com is reporting that Nikon Corp. has raised net income in the second quarter of this year a whopping fourfold over year-ago levels.
According to the Bloomberg item, Nikon's Q2 net income was ¥7.76 billion, up from ¥1.72 billion in Q2 last year. Sales rose a more modest 14% in the same period, to ¥157.4 billion. The company attributed the improvements to sales of its digital SLR cameras, and a return to profitability at its chipmaking equipment division.
Operating profit at Nikon's imaging unit rose 70% to ¥9 billion on sales of ¥97 billion in the first quarter. Total digital camera unit sales in the same quarter were up from 1.59 to 1.9 million units compared to a year previously, while digital SLR sales soared from 230,000 to 330,000 units. The company's stepper division meanwhile reported a ¥5 billion operating profit, as compared to a ¥900 million loss the year before.