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Japan's Nikon sees record H1 operating profit on SLR camera sales - report.

Europe Intelligence Wire

| September 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From AFX Europe (Focus))

TOKYO (XFN-ASIA) - Nikon Corp is expected to post a record operating profit of nearly 40 bln yen for the first half ending September, 41 pct more than a year before and 10 bln yen more than previously forecast, the Nihon Keizai Shimbun reported.

The newspaper, without disclosing its sources, said this was because of robust sales of single-lens reflex (SLR) cameras and a weaker yen.

First-half revenue is projected to rise 8 pct to about 370 bln yen, more than the previous estimate of 360 bln yen, mainly because of sales of high-end digital SLR cameras with interchangeable lenses in the North American market.

Current profit is forecast to ...

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