Nikon Corporation has reported its financial results for the first half of its 2020 financial year which ended on 30th September 2019. In its ‘Industrial Metrology and Others’ Business Nikon reported revenue declined due to sluggish market conditions in Asia, primarily China, and the postponement of sales of some systems.
Revenue for the ‘Industrial Metrology and Others’ Business decreased by 20.7% year on year to 26,731 million yen ($244.34 million), and operating profit fell by 10.9% year on year to 2,486 million yen ($22.72 million).
The delay in capital investment plans by customers mainly in Asia has resulted in the review of the sales plan of products and the downward revision of the previous forecast of revenue by 10,000 million yen ($91.4 million).
Nikon join Renishaw, Hexagon and Faro who have all recently confirmed the China slowdown is impacting their 2019 financial performance.
For more information: www.nikon.com