Nikon just released its 2020 financial statements and it can all be summarized in one word: Bad!

Tram Ho

Nikon recently released its 2020 financial report, and it can all be summed up in one word: bad. Accordingly, Nikon achieved $ 5.48 billion in revenue, up to 16.6% lower than last year. Its profit is estimated at $ 62 million, which is down 92%.

Nikon vừa công bố báo cáo tài chính năm 2020 và tất cả có thể tóm tắt bằng 1 từ: Tệ! - Ảnh 1.

The company’s image segment alone earned $ 2.09 billion, not only without profit, but also cost the company $ 158.6 million. For comparison, the same period last year it profit of 210 million USD. We can see the long slide of Nikon through the following comparison table:

Nikon vừa công bố báo cáo tài chính năm 2020 và tất cả có thể tóm tắt bằng 1 từ: Tệ! - Ảnh 2.
Nikon vừa công bố báo cáo tài chính năm 2020 và tất cả có thể tóm tắt bằng 1 từ: Tệ! - Ảnh 3.

If there is a hopeful point when looking at Nikon’s report, it is the sales of mirrorless cameras (MRLs) that have been showing signs of increase, focusing on the mid-range and high-end markets. In order for this number to continue to increase, Nikon will have to invest more in the development of Z-mount cameras and lenses in the near future.

Back to the sad news for Nikon fans: due to its unprofitable business, the company is reducing its workforce in Southeast Asia. According to a report from Nikkei Asia , Nikon has to lay off 10% of its workers in Thailand and Laos (about 700 people). In a recent meeting, CFO of the company, Mr. Muneaki Tokunari also said that the situation could still go down in the coming time, when the predictions for 2021 are still not ‘better’.

Nikon vừa công bố báo cáo tài chính năm 2020 và tất cả có thể tóm tắt bằng 1 từ: Tệ! - Ảnh 4.

Nikon’s decline was also partly due to the general economic slowdown as countries struggled with the COVID-19 epidemic. Hopefully Nikon will make changes to recover soon after the difficulties in the present time.

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Source : Genk