Mobile phone lenses more and more, mapping applications are more and more versatile, the demand for digital cameras consumer groups gradually shrink. The top three factories of digital cameras – Canon, Nikon and Sony – are all receiving shocks from mobile phones. The first to be affected was Nikon, which is reported to be ahead of Sony’s global sales in 2019 and expects the image division to lose 10 billion yen in fiscal 2019 (as of March 2020). This is Nikon’s first loss since fiscal 1998.
Nikon’s old rival, Canon, is facing the same crisis. In April, Canon forecast consolidated operating profit of more than 270 billion yen for 2019, down 20% from fiscal 2018. That was about 50 billion yen lower than previously expected.
From this year’s overall sales, the three major camera manufacturers have seen their sales decline, with Sony’s revenue slower than the other two factories, which has overtaken Nikon as the second-largest camera factory after Canon. Canon and Nikon are looking for new revenue sources recently, and news that Nikon has begun to explore machine tool businesses such as metalworking equipment to cover the impact of the decline in revenue in its imaging division. On November 7, Nikon announced its partnership with DMG Sen.
Canon bought the latter’s medical device division from Toshiba for $5.9 billion in 2016 and last year officially renamed Toshiba Medical Systems Co., Ltd. Canon Medical Systems Co., Ltd. The business is expected to turn into a profit increase in the next fiscal year.