Nikon 2001 Annual Report Download - page 14

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page 12
Total segment sales rose 39.6% to ¥43,610 million. Operating income grew
98.0% to ¥1,729 million.
Year-on-year sales advances in binocular and telescope products were led by
the Sportstar III compact folding binocular series, which garnered a strong
response from the American market. Customized Products Division secured an
order for an optical system to be used in satellite projects, while the new
business division generated increased sales for its line of stampers, which are
used as precise master plate in optical disc production.
The production and sales activities of surveying instruments are now
contained within a separate subsidiary, which is working to raise sales. While
market competition forced unit prices lower during the year, the impact on profits
was nullified by reductions in fixed costs and operating expenses.
In the ophthalmic frames and sunglasses business, market conditions proved
harsh, reflecting sluggish consumer spending and market price erosion.
The Nikon Group has entered the CMP (chemical mechanical polishing) system
market, augmenting expectations of sales growth. Nikon’s binocular and
telescope products’ operations were spun off in May 2001 into a new Japanese
subsidiary Nikon Vision Co., Ltd., which has a mandate to generate profitable
performance while more quickly and flexibly meeting the needs of its customers.
*Pulse Laser Station NPL-350 in overseas markets
Other
Reorganization and restructuring
will put Nikon closer to the
diverse market needs.
Sportstar
III
8X25DCF
Total Station
NST-200N*
Sunglasses
Earthic