Shrinking digital camera market and declining profitability in the Imaging Products Business
First written in FY2016. 12 of 38 entries say "Restated". Latest entry: 2026-10-30.
Nikon moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 6 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- 2026-10-30Worsenedgoogle.com
「カメラなど映像事業の下期の販売計画を見直し、売上高の予想を従来の7320億円から7220億円に引き下げた。」
映像事業の下期販売計画と通期売上高予想が下方修正された。 - FY2026-H1RestatedAnnual report
「In the Imaging Products Business, the digital camera market remained firm in both unit sales and value.」
It reaffirmed that both unit sales and value remained firm in the digital camera market. - FY2025-H1RestatedAnnual report
「In the Imaging Products Business, the digital camera market remained firm overall in both unit sales and value, driven by strong sales of mid- to high-end models.」
While recognizing the risks of contraction and competition in the digital camera market, it was stated that the overall market remained firm due to strong sales of mid- to high-end models. - FY2024MitigatedAnnual report
「Regarding market and customer trends during the current consolidated fiscal year, the digital camera market in the Imaging Products Business remained firm in both unit sales and value overall, driven by strong sales of mid- to high-end models.」
It was stated that the overall digital camera market remained firm due to strong sales of mid- to high-end models, despite continued contraction and intensifying competition. - FY2024-Q3MitigatedAnnual report
「In the Imaging Products Business, the digital camera market remained firm on strong sales of mid- to high-end models.」
It was stated that the digital camera market remained firm due to strong sales of mid- to high-end models, despite continued contraction and intensifying competition. - FY2024-Q2MitigatedAnnual report
「During the six-month period of the second quarter of the current consolidated fiscal year (1 April 2023 to 30 September 2023), shipment volumes in the digital camera market increased on strong sales of mid- to high-end models in the Imaging Products Business.」
It was stated that shipment volumes increased in the digital camera market, where risks from contraction and intensifying competition continued, due to strong sales of mid- to high-end models. - FY2024-Q1MitigatedAnnual report
「In the Imaging Products Business, shipment volumes in the digital camera market increased on strong sales of mid- to high-end models.」
It was stated that shipment volumes increased in the shrinking and increasingly competitive digital camera market due to strong sales of mid- to high-end models. - FY2023MitigatedAnnual report
「Component procurement issues caused by the semiconductor shortage and other factors improved in the digital camera market, and shipment volumes recovered.」
For the Imaging Products Business, where market contraction and supply constraints continued, it noted improvements in component procurement issues and a recovery in shipment volumes. - FY2023-Q3MitigatedAnnual report
「In the Imaging Products Business, component procurement issues caused by the semiconductor shortage and other factors improved in the digital camera market, and shipment volumes showed signs of recovery.」
It was stated that component procurement issues had improved and shipment volumes showed signs of recovery. - FY2023-Q2MitigatedAnnual report
「The digital camera market, the main product market of the Imaging Products Business, has been affected by intensifying competition in mirrorless cameras, regulations in various countries related to COVID-19, and delays in component procurement. In response, we continue to strengthen the business's earnings structure by optimizing production and sales sites, pursuing thorough cost reductions, improving development efficiency, and reforming the supply chain and logistics.」
Although the effects of intensifying competition, COVID-19, and delays in component procurement continued, reforms in production and sales sites, costs, development, the supply chain, and logistics were continued to strengthen the earnings structure. - FY2023-Q1MitigatedAnnual report
「In the Imaging Products Business, although restrictions on component procurement due to the semiconductor shortage and other factors continued in the digital camera market, shipment volumes showed signs of a slight recovery.」
Although contraction and supply constraints continued in the digital camera market, shipment volumes showed signs of a slight recovery. The Imaging Products Business recorded higher revenue and operating profit, driven by sales of the Z 9, mid- to high-end models, and interchangeable lenses, the effect of higher average selling prices, and the weaker yen. - FY2022MitigatedAnnual report
「Through structural reforms and a focus strategy targeting professional and enthusiast customers and mid- to high-end cameras, the Imaging business has developed a structure capable of consistently securing profitability.」
It was stated that, despite the continued contraction and intensifying competition in the digital camera market, structural reforms and a focus on mid- to high-end models had enabled the Imaging Products Business to establish a stable profit-making structure. - FY2022-Q3MaterialisedAnnual report
「During the nine-month period of the third quarter of the current consolidated fiscal year (1 April 2021 to 31 December 2021), supply issues caused by the semiconductor shortage and other factors became apparent in the Imaging Products Business, leaving the digital camera market unable to secure sufficient supply.」
While a recovery trend in demand in the digital camera market was noted, supply issues caused by the semiconductor shortage and other factors became apparent, and the market actually experienced a situation in which sufficient supply could not be secured. - FY2022-Q2MitigatedAnnual report
「In the Imaging Products Business, demand showed signs of recovery as the impact of COVID-19 diminished, but supply issues caused by the semiconductor shortage and other factors began to emerge.」
While demand in the Imaging Products Business showed signs of recovery as the impact of COVID-19 diminished, supply issues caused by the semiconductor shortage and other factors newly emerged. - FY2022-Q1MitigatedAnnual report
「During the three-month period of the first quarter of the current consolidated fiscal year (1 April 2021 to 30 June 2021), the Imaging Products Business continued to recover from the deterioration in market conditions caused by the spread of COVID-19.」
It was stated that the Imaging Products Business, which had deteriorated due to the shrinking digital camera market and the impact of COVID-19, continued to recover from deteriorating market conditions. - FY2021WorsenedAnnual report
「However, in addition to the market contraction, demand remained weak owing to the impact of the spread of COVID-19, resulting in lower unit sales. As a result, revenue from the business was ¥150.218 billion, down 33.5% year on year, while an operating loss of ¥35.779 billion was recorded, partly due to impairment losses on property, plant and equipment and restructuring-related expenses.」
The continued contraction of the digital camera market and weak demand caused by COVID-19 were reflected in lower Imaging Products Business unit sales, a 33.5% decline in revenue, and an operating loss of ¥35.779 billion. - FY2021-Q3RestatedAnnual report
「The digital camera market, the main product market of the Imaging Products Business, continued to contract overall amid intensifying competition. In addition, the global spread of COVID-19 and tighter restrictions in various countries constrained and reduced customers' purchasing activity through stay-at-home orders, retail store closures, and event cancellations, and also caused delays in component procurement.」
In addition to the contraction and intensifying competition in the digital camera market, restrictions on purchasing activity and delays in component procurement resulting from COVID-19 and regulations in various countries continued. - FY2021-Q2WorsenedAnnual report
「During the six-month period of the second quarter of the current consolidated fiscal year, we reviewed the future plans for the Imaging Products Business in light of the accelerated contraction of the digital camera market associated with the spread of COVID-19. Based on estimates of recoverable amounts by cash-generating unit, the recoverable amounts of certain production subsidiaries, mainly in Thailand and Japan, fell below the carrying amounts of property, plant and equipment. As a result, impairment losses of ¥15.498 billion and ¥2.603 billion were recognized in the Imaging Products Business and Industrial Equipment and Other, respectively.」
The accelerated contraction of the camera market was reflected in a review of future plans and ¥15.498 billion in impairment losses in the Imaging Products Business and related businesses. - FY2021-Q1WorsenedAnnual report
「During the three-month period of the first quarter of the current consolidated fiscal year, the Imaging Products Business remained in a sluggish market as the interchangeable-lens digital camera market and compact digital camera market continued to contract, compounded by the impact of the spread of COVID-19.」
The contraction of the camera market was compounded by the impact of the spread of COVID-19, and sluggish market conditions in the Imaging Products Business continued in the quarter. - FY2020MaterialisedAnnual report
「However, in addition to the market contraction, unit sales declined due to weaker demand resulting from the spread of COVID-19 and the postponement of new product launches.」
In addition to the shrinking digital camera market, weaker demand caused by COVID-19 and other factors resulted in Imaging Products Business revenue of ¥225.894 billion and an operating loss of ¥17.153 billion. - FY2020-Q3RestatedAnnual report
「During the nine-month period of the third quarter of the current consolidated fiscal year (1 April 2019 to 31 December 2019), the interchangeable-lens digital camera market and compact digital camera market continued to contract in the Imaging Products Business.」
The contraction trend in the interchangeable-lens and compact digital camera markets continued during the nine-month period of the third quarter of the current consolidated fiscal year. - FY2020-Q2WorsenedAnnual report
「However, amid the market contraction, total unit sales declined for both interchangeable-lens and compact digital cameras. As a result, revenue from the business was ¥119.054 billion, down 21.1% year on year, while operating profit was ¥2.026 billion, down 84.7%.」
The camera market continued to contract, unit sales declined in both the interchangeable-lens and compact segments, and this was reflected in substantial declines in Imaging Products Business revenue and operating profit. - FY2020-Q1WorsenedAnnual report
「In the Imaging Products Business, sales of full-frame mirrorless cameras and their interchangeable lenses remained firm. However, amid the market contraction, unit sales declined for both interchangeable-lens and compact digital cameras. In addition, the initial costs of new interchangeable lenses for mirrorless cameras resulted in lower revenue and operating profit.」
Amid the continued contraction of the camera market, unit sales declined in both the interchangeable-lens and compact segments, while initial costs for new products also weighed on the Imaging Products Business, resulting in lower revenue and operating profit. - FY2019WorsenedAnnual report
「However, amid the market contraction, unit sales declined for both interchangeable-lens and compact digital cameras. As a result, revenue from the business was ¥296.169 billion, down 17.9% year on year, while operating profit was ¥22.069 billion, down 27.0%.」
The camera market continued to contract, unit sales declined in both the interchangeable-lens and compact segments, and this was reflected in lower Imaging Products Business revenue and operating profit. - FY2019-Q3RestatedAnnual report
「In the Imaging Products Business, the interchangeable-lens digital camera market and compact digital camera market continued to contract.」
It was stated that the contraction trend in the interchangeable-lens and compact digital camera markets continued. - FY2019-Q2RestatedAnnual report
「By business segment, the interchangeable-lens digital camera market and compact digital camera market continued to contract in the Imaging Products Business.」
It was stated that the contraction trend in the interchangeable-lens and compact digital camera markets continued. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, the interchangeable-lens digital camera market and compact digital camera market continued to contract in the Imaging Products Business.」
The contraction trend in the interchangeable-lens and compact digital camera markets continued in the first quarter. - FY2018RestatedAnnual report
「In the Imaging Products Business, although the mirrorless camera market is expected to expand, the digital SLR camera market is expected to continue contracting, and the digital camera market as a whole is also expected to shrink.」
While acknowledging the expansion of the mirrorless camera market, it continued to state that the digital SLR and overall digital camera markets were expected to contract. - FY2018-Q3RestatedAnnual report
「In the Imaging Products Business, the interchangeable-lens digital camera market continued to contract, while the compact digital camera market remained sluggish.」
It was stated that contraction and sluggish conditions continued in both the interchangeable-lens and compact digital camera markets. - FY2018-Q2WorsenedAnnual report
「The compact digital camera market is contracting rapidly with the rise of smartphones, causing a significant decline in NIC's operating rate and making it extremely difficult to continue operations.」
The rapid contraction of the compact digital camera market led to lower NIC utilization and ultimately made it difficult to continue operations. - FY2018-Q1RestatedAnnual report
「In the Imaging Products Business, the interchangeable-lens digital camera market and compact digital camera market were expected to continue contracting over the medium to long term, but conditions improved year on year as component supply shortages caused by last year's Kumamoto Earthquake were resolved.」
It was stated that the medium- to long-term outlook for contraction in the digital camera market remained unchanged, while business conditions improved year on year as component supply shortages were resolved. - FY2017WorsenedAnnual report
「In the Imaging Products Business, the interchangeable-lens digital camera market and the compact digital camera market continued to contract. As a result, revenue from the business was ¥383.024 billion, down 26.4% year on year, while operating profit was ¥17.150 billion, down 63.4%.」
The digital camera market continued to contract over the full fiscal year, resulting in substantial declines in Imaging Products Business revenue and operating profit. - FY2017-Q3RestatedAnnual report
「In the Imaging Products Business, we focused on sales of interchangeable-lens digital cameras such as the D5 and D500 and worked to control expenses. However, owing to the shrinking digital camera market and the impact of suppliers being affected by the 2016 Kumamoto Earthquake, the business as a whole recorded lower revenue and operating profit year on year.」
The market continued to contract, and despite focusing on the D5 and D500 and controlling expenses, the Imaging Products Business recorded lower revenue and operating profit. - FY2017-Q2WorsenedAnnual report
「In the Imaging Products Business, the market contracted more rapidly than anticipated, and foreign exchange effects also weighed on progress toward improving the profitability of existing businesses as initially planned.」
It was stated that the digital camera market contracted more rapidly than anticipated and that progress in improving the profitability of existing businesses was below plan. - FY2017-Q1RestatedAnnual report
「In the Imaging Products Business, revenue and operating profit declined due to the shrinking digital camera market, foreign exchange effects, and damage to suppliers from the 2016 Kumamoto Earthquake.」
The shrinking digital camera market was cited again this quarter as a factor behind the Imaging Products Business's revenue and profit declines. - FY2016MaterialisedAnnual report
「In the Imaging Products Business, our business remained sluggish as the overall market contracted.」
Revenue in the Imaging Products Business decreased 11.2% year on year, while operating profit fell 19.3%, indicating that the market contraction was reflected in results.