Cameras

Nikon’s Full Year Forecast Rises with First Half Profits

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November 7, 2005 - Nikon had a better first fiscal half than it anticipated, with its first half sales of 342 billion yen ($2.9 billion dollars) passing its original forecast of 320 billion yen by 6.9 percent. Sales for the year are now expected to reach 700 billion yen, instead of 680 billion yen, and first half net income was 9.3 billion yen rather than 7 billion.

While many other manufacturers who had rougher first halves than expected are just now switching gears to focus more on DSLRs, Nikon is already reaping the benefits, with strong sales of its single-lens reflex cameras largely responsible for the boost in Nikon’s income. Cost cuts in Nikon’s chipmaking equipment division are also responsible for the solid first half.

Nikon will give a full earnings report on November 14.

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