Nikon Corp. announced on August 3 the financial results for the first quarter ending on June 30, reporting that the total revenue for the period gained a 0.6% year-on-year to 170.3 billion yen, profit in operation declined 31.1% to 12.4 billion yen and net profit down 39.5% to 8.89 billion yen. In the Imaging Products segment, sales of mid-class cameras such as the D7500, a digital SLR camera released in June this year were firm, with unit sales increasing significantly in the U.S. Accordingly, the performance in revenue and operating profit exceeded the planned targets, but compared to the last year, a decease in revenue and operating profit was recorded due to a product mix change caused by the stagnant demand for the D5 and the D500. The company sold 720,000 units of interchangeable-lens cameras, 1.08 million units of interchangeable lenses and 770,000 compact digital cameras. The company said the unit sales of compact digital cameras declined but the average unit price rose about 30%.
Venus Optics recently unveiled the Laowa Magic Shift Converter (MSC) for Sony Full Frame E-mount cameras. The Laowa Magic Shift Converter is a lens adapter built with a patented optics system, which expands the image circle of the ultra-wide angle lenses. The shift mechanism on the adapter takes advantage of the enlarged image circle and shifts the camera sensor along the axis. The MSC is specially designed for the Laowa 12mm f/2.8 Zero-D lens and it converts the lens into a 17mm f/4 Zero-D lens with +/- 10mm shift capability. It comes with a close-to-zero distortion feature. Additionally, the MSC comes with a 360° rotation structure which allows the user to shoot in both horizontal and portrait orientation. The lens structure includes 5 elements in 4 groups. Its dimensions are 69.6 x 44.1mm and weighs about 360g. The Laowa Magic Shift Converter's Canon variant is currently available on the official website of Venus Optics (http://www. venuslens.net/) and their authorized resellers. The shipment of its Nikon variant is expected in two months.
ISRO's Polar Satellite Launch Vehicle PSLV-C38 recently launched the 712 kg Cartosat-2 Series Satellite along with 30 copassenger satellites from Satish Dhawan Space Centre SHAR, Sriharikota. This event marked thirty ninth consecutively successful mission of PSLV. One of the 30 co-passenger satellites carried by PSLV-C38 was CE-SAT 1, a fifty-kilogram (110 lb) microsatellite built by Canon Electronics, Japan. Canon will use the spacecraft to demonstrate a high-resolution imaging system in orbit, with a ground resolution of up to one meter (3 feet). About 60% of components of the satellite are manufactured by Canon, and the company targets a 100% inhouse production in the near future. The company also plans to sell the satellites, related components and the image data collected by the CE-SAT 1. The small-size satellites are expected to be sold for 1 million yen (approximately).