Also check out Australian Youtuber Matt Irwin who also analyzed the results:
Nikon is a solid company that will be fine over the next few years. Profits are projected for the FY2022, I think it's a great time to buy Nikon stock right now.
Despite losses Nikon is a financially sound company
November 12, 2020
I made a short video about Nikon's financial situation after the recent quarterly results for the quarter of July, August and September (Q2 for Nikon's current financial year). Bottom line: Just like every company this year, Nikon's sales dropped significantly due to the impact of coronavirus, but there are also many positives. Nikon's cashflow is fine, their credit rating is fine (equity ratio still over 50%), and their P/L increased by 8.2 billion Yen in real terms, however Nikon used these profits to write-off losses incured by the closing of one of their Thailand factories earlier this year. Listen to my commentary of Nikon's quarterly summary:
Subscribe to:
Post Comments (Atom)
Well, I watched a video by Tony & Chelsea, and he thinks Nikon is going to exit the camera business, so there is that.
ReplyDeleteThey exited the rifle scope business. Can the camera business be far behind. They claim rifle scopes were less profitable but how profitably can a camera be when everyone has an I=phone?
ReplyDelete