Nikon is on pace to be its first half profit forecast, according to Nikkei, which credits to results to the company’s ‘sharper focus.’
Nikkei says among the products driving the growth are a strong demand for lenses and the Nikon D7500, launched earlier this year.
Nikkei goes on to say:
Nikon’s operating profit for the April-September half apparently shrank about 30% on the year, but beat projections of a 37% plunge thanks to improved sales of digital cameras and restructuring.
The Japanese manufacturer probably took in around 19 billion yen ($168 million) in group operating profit. This would come after Nikon upgraded its profit guidance by 6 billion yen to 17 billion yen in August. Sales likely dipped 1% to around 340 billion yen, but that would beat the 331 billion yen outlook.
Total shipments of digital cameras by value rose 23% on the year from January through August, according to the Camera & Imaging Products Association, a Tokyo-based industry group. Japanese makers account for the bulk of those deliveries.
Nikon will formally announce the results from the second quarter on 7 November 2017.
Via Nikon Rumors