Nikon 2011 Annual Report Download - page 27

25Annual Report 2011Nikon Corporation
shortening manufacturing periods and adopting common
platforms. As a result, net sales in the Precision Equipment
Business segment amounted to ¥208,614 million (up 39.0%
year on year), with operating income of ¥2,712 million
(compared to an operating loss of ¥58,557 million the
previous fiscal year).
In the Imaging Products Business segment, sales of digital
SLR cameras were positive, with steady sales of the entry
model D3100 were steady, and remained strong for the
mid-range D7000 model as well. For the COOLPIX series
of compact digital cameras, sales increased for the S3000,
P100, L110 and other models, and in the North American
market Nikon attained the top market share during the
second half with sales of the S8100 and other models. In
interchangeable lenses, lens kits for digital SLR cameras
sold well, and sales were steady for high-priced lenses as
well. In March 2011, cumulative production of NIKKOR lenses
for SLR cameras reached 60 million units. Nikon also focused
on ideas for ways to enjoy images, and in February 2011
launched “my Picturetown 3D,” an Internet site where users
can convert digital images to 3D, and then playback and enjoy
them on a special digital photo frame. In terms of production,
we took steps to expand procurement in foreign currencies.
As a result, net sales in the Imaging Products Business
segment amounted to ¥596,376 million (up 4.7% year on
year), with operating income of ¥52,332 million (up 0.4%).
In the Instruments Business segment, for the bioscience
market Nikon expanded sales of high-end system products
such as the N-SIM and N-STORM super resolution microscope
systems. In the industrial instruments market, responding
to the recovery in demand Nikon introduced feature-rich new
products such as the ShuttlePix P-400R digital microscope,
and the HN-6060 non-contact, multi-sensor, 3D metrology
system. As a result, net sales in the Instruments Business
segment amounted to ¥57,451 million (up 27.5% year on
year), with the operating loss narrowing to ¥5,248 million
(compared to a loss of ¥9,331 million the previous fiscal
year). In the fourth quarter the business achieved profitability
for the first time in 12 quarters.
In the Other Business segment, Nikon took steps to expand
sales of space-related products, optical components and
solid-state lasers in the customized products business; LCD
photomask substrates in the glass-related business; and
laser rangefinders and binoculars in the sport optics products
business. As a result, net sales in the Other Business
segment amounted to ¥25,072 million (up 20.1% year on year),
with operating income of ¥4,259 million (up 152.7%).
For the component ratio of sales by business segment,
the ratio rose for all segments expect Imaging Products.
The Precision Equipment Business accounted for 23.5%
(compared to 19.1% the previous fiscal year); the Imaging
Products Business 67.2% (72.5%); the Instruments
Business 6.5% (5.7%); and the Other Business 2.8% (2.7%).
Capital Expenditures and R&D Spending
Capital expenditures for the fiscal year ended March 31,
2011 amounted to ¥29,776 million (down 20.7% year on
year), mainly for renewal and repair of machine tools and
other production equipment. By segment, spending in the
Precision Equipment Business segment totaled ¥7,597
million, the Imaging Products Business segment ¥17,951
million, the Instruments Business segment ¥1,600 million
and the Other Business segment ¥2,628 million.
R&D spending amounted to ¥60,767 million (up 0.8% year
Net Sales by Industry Segment
Years ended March 31, 2010 and 2011 Thousands of
U.S. DollarsMillions of Yen, %
2010 2011 2011
Precision Equipment ¥150,101 ¥208,614 $2,508,883
Share of net sales 19.1% 23.5%
Imaging Products 569,465 596,376 7,172,290
Share of net sales 72.5 67.2
Instruments 45,051 57,451 690,939
Share of net sales 5.7 6.5
Other 20,882 25,072 301,526
Share of net sales 2.7 2.8
Total ¥785,499 ¥887,513 $10,673,638
Financial Section