Nikon's FY25 profits plunge despite solid digital camera sales

Nikon Corporation (TSE:7731) reported a significant drop in consolidated net profit attributable to owners of parent for fiscal year 2025, falling 81.2% to JPY 6.12 billion, despite solid performance in the digital camera market. While revenues dipped slightly by 0.3% to JPY 715.28 billion, operating profit crashed by 93.9% to JPY 2.42 billion. The results missed previous forecasts. The company attributes the profit decline to the inclusion of RED Digital Cinema, acquired during the year.