{"id":145560,"date":"2021-02-08T19:05:39","date_gmt":"2021-02-08T19:05:39","guid":{"rendered":"https:\/\/other.kelsey.host\/amateurphotographer\/?p=145560"},"modified":"2021-02-08T19:42:04","modified_gmt":"2021-02-08T19:42:04","slug":"nikon-shutting-two-japanese-factories-releases-latest-figures","status":"publish","type":"post","link":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/nikon-shutting-two-japanese-factories-releases-latest-figures\/","title":{"rendered":"Nikon shutting two Japanese factories, releases latest figures"},"content":{"rendered":"

Nikon has confirmed that two of its factories will be closing. Its Aizu and Nagai facilities in Japan, which both focused on lens production, will close this March. The move follows the company\u2019s plans for transferring all of its camera manufacturing to Thailand, where it is already established, as part of wider cost-cutting and streamlining measures.<\/span><\/p>\n\t\t

\n\t\t\t\"\"\t\t\t

Nikon is keeping some lens production in Japan but shifting camera production to Thailand<\/p>\n\t\t<\/div>\n\t\t\n

The company has also released its latest financial results<\/a>. Revenue for the Imaging Products Business (quarter one to quarter three of the 2021 financial year) was \u00a5116.7 billion\/about \u00a3807 million, down a steep 38% year-on-year. Meanwhile Nikon’s operating profit for the period was \u00a528 billion \/nearly \u00a3193 million, a fall of 24% – see chart below.<\/p>\n\"\"\n

While this might make for worrying reading for Nikon fans, the company puts a sizeable chunk of the losses down to fixed asset impairment and disposal\/write down of inventory and associated expenses as it focusses on moving more of its manufacturing from Japan over to Thailand.<\/p>\n\t\t

\n\t\t\t\"\"\t\t\t

The Z series of mirrorless cameras is helping the bottom line<\/p>\n\t\t<\/div>\n\t\t\n

As we’ve mentioned before, the company is\u00a0 now aggressively prioritising mirrorless cameras, particularly at the higher end of the market – the “shift to mid to high-end models for pro\/hobbyist has been progressing smoothly, and unit sales price has risen,” it reports. “Mirrorless bodies and lenses reached a record high for quarterly sales volume and revenues, on contribution from new products (such as the) Z6 II<\/a> and Z7 II<\/a>.”<\/p>\n

So on a brighter note, for this latest financial reporting period, revenue was down a relatively modest 38.3% year on year, even though sales volume for interchangeable lens cameras and lenses was also down 52.2% – in other words, solid sales of more expensive, higher-end mirrorless cameras and lenses seem to be making a positive difference to Nikon’s books.<\/p>\n

Further reading<\/strong>
\nNikon doubles down on mirrorless<\/a><\/p>\n\n\n\n","protected":false},"excerpt":{"rendered":"

Two big lens plants to close, but latest figures show Z series strategy is helping the bottom line<\/p>\n","protected":false},"author":7,"featured_media":145554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39],"tags":[],"product-category":[],"class_list":["post-145560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-photo-news"],"yoast_head":"\nNikon shutting two Japanese factories, releases latest figures - Amateur Photographer<\/title>\n<meta name=\"description\" content=\"Two big Nikon lens plants to close in Japan, but latest figures show Z series strategy is helping the bottom line\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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