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    Vitaliy_Kiselev
    Cameras sales: Nikon and Extraordinaty losses
    • Nikon management just got report from reality:

      image

      This is to announce the recognition of extraordinary loss for the nine months ended December 31, 2016 (from April 1 to December 31, 2016), as below.

      Recognition of Restructuring Expenses

      As announced in “Notice of Restructuring” released on November 8, 2016, Nikon Group is currently under a fundamental company-wide restructuring to improve its corporate value as shifting from a strategy pursuing revenue growth to one pursuing profit enhancement.

      In accordance with this restructuring, the Group recorded extraordinary loss of 29,790 million yen, mainly incurred from inventory write-downs/write-off in Semiconductor Lithography Business, as restructuring expenses for the nine months ended December 31, 2016.

      Also, restructuring expenses in Imaging Products Business and the expenses related to “Results of Solicitation for Voluntary Retirement,” which is released today, are expected to incur in the fourth quarter of this fiscal year. As a result, the total amount of restructuring expenses for the fiscal year ending March 31, 2017 will be approximately 53,000 million yen, which is 5,000 million yen increase from the previous estimate of approximately 48,000 million yen in “Notice of Restructuring” released on November 8, 2016.

      Impact on Consolidated Financial Forecast

      The impact of the recognition of restructuring expenses has been reflected in the consolidated financial forecast for the fiscal year ending March 31, 2017, as announced today in “Revision of the Financial Forecast for the Fiscal Year Ending March 31, 2017”.

      Revision of the Consolidated Financial Forecast

      image

      Nikon plans to shrink by forcing 1,143 persons to leave into early retirement.

    3 comments 4 comments Vitaliy_KiselevFebruary 13Last reply - February 14 by Vitaliy_Kiselev Subscribe to this blog
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    Vitaliy_Kiselev
    Good quote: On views and opinions
    • Those who are really convinced that they have made progress in science would not demand freedom for the new views to continue side by side with the old, but the substitution of the new views for the old.

      Lenin.

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    Vitaliy_Kiselev
    Capitalism: A Bridge Apart
    • Documentary shows few hard and interesting things, but narration and explanations are utterly poor.

      Things you see are normal consequences of capitalism, things you see show you other side of US capitalists and their greed.

    11 comments 12 comments Vitaliy_KiselevFebruary 10Last reply - February 13 by Vitaliy_Kiselev Subscribe to this blog
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    Vitaliy_Kiselev
    Why Vizio TVs had been cheap
    • Vizio has been collecting some fairly personal data. The company’s TVs are able to track what you watch on a second-by-second basis, whether you’re watching cable, playing a Blu-ray, or streaming a movie, according to the FTC.

      That data is then paired with demographic details on you. That includes “sex, age, income, marital status, household size, education, home ownership, and household value.” The information is then sold to analytics and ad companies and used to target advertisements to you. This is something Vizio has been excited about: the data service, branded Inscape, was a key piece of the company’s IPO pitch to investors.

      And, of course, accidently it become known only after it was sold to Chinese company.

    3 comments 4 comments Vitaliy_KiselevFebruary 7Last reply - February 8 by Vitaliy_Kiselev Subscribe to this blog
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