TOKYO (dpa-AFX) - Image and video equipment manufacturer Nikon Corp. (NINOF.PK, NINOY.PK) Friday announced 20.8 percent increase in full year 2016 net profit attributable to the Owners of Parent to 22.192 billion yen from 18.364 billion yen last year.
Net sales for the full year declined 4.1 percent to 822.92 billion from 857.78 billion in the prior year.
Looking ahead to the full year 2017, the company expects 7.9 percent increase in net income attributable to the owners of parent to 30 billion yen on net sales increase of 17.1 percent to 840 billion yen. The company expects a decline in net sales of Imaging products Business for full year 2017 to 440 billion yen from 520.4 billion yen last year. Net sales for instruments business is expected to increase to 90 billion yen from 77.2 billion yen in 2016. Medical business revenue is expected to increase to 22 billion yen to 18.3 billion yen in the previous year.
For the first quarter of 2017, the company expects net profit attributable of 14 billion yen on net sales of 363 billion yen.
Copyright RTT News/dpa-AFX