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%.
Shari Academy launched LuXoculus 2017, to celebrate their Silver Jubilee, with its graduates of the Mastercraftsman Diploma course. The event was held at their brand new colaba premises. The LuXoculus 2017 was inaugurated by Kenichiro Hibi (Managing Director, Sony India Pvt. Ltd.), Hiroyuki Tokuno (Deputy General Manager, Sony India Pvt. Ltd.), Jayesh Mehta (President of AIPTIA), Chandrakant Shah (Hon. Secretary), Mukul Kashyap (Regional Sales Director Indian Subcontinent, Manfrotto), Kakubhai Kothari, Jai Shankar Sharma, Shari Senior faculty members and senior industry members. To add to the celebrations, Sony India announced 4 scholarships worth INR 7 lakhs to the top award winning students. Along with that companies like Zeiss, Manfrotto, Photoquip, Kingston and AIPTIA sponsored a combined reward for all the award winning students of over 14 lakhs (in cash and kind). On the occasion of its Silver Jubilee, Shari Academy formally announced the launch of a new course - Diploma in Digital Video Production, starting on from 14th September 2017.
Nikon Corp. will be boosting the production of its of display panels for smartphones and televisions in its factories in Japan. The company has decided to thrust the production as its competition in China and other Asian countries are aggressively investing in the development of high resolution LCD panels and OLED panels. The company has established additional production facilities in the premise of its existing . factories located in Tochigi and Miyagi Prefectures. Nikon has already increased the production capacity for its small-size panels (for smartphone) by 1.5x over those of 2015 and the production is being carried out at full swing. For large panels (for televisions), Nikon will increase the production 2x by 2018. Nikon currently enjoys about 65 percent of the world's share in panel manufacturing equipment. Nikon utilises the 10th generation size plates for manufacturing the large-format panels. Panel producers, Chinese companies in particular, are planning to build large-panel production factories, for which they are aggressively approaching the government to grant them subsidiaries.