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Nikon finally cancelled the development of three DL-series cameras

We have shocking and heart-breaking information for the Nikon DL cameras lovers who were waiting  for DL-series cameras for long time, that Nikon finally cancelled the development of all the three DL cameras such as Nikon DL18-50 f/1.8-2.8, DL24-85 f/1.8-2.8, and DL24-500 f/2.8-5.6. Since, all the three DL cameras were announced in February, 2016. All these DL series cameras were introduced with high-speed Autofocus (AF) and 20 frames-per-second (60 fps with fixed AF) continuous shooting, as well as 4K UHD video recording.

The reasons which forced Nikon to take such drastic step is due to issues related to low profit comparative to increase in cameras development costs and worst market sale .Also there is no expectation for the users to see the arrival of all the three DL cameras in near future, as it didn’t say a single word on its development.

Since, it has released the official statement on this matter:-

Cancellation of release of the DL series of premium compact cameras

February 13, 2017 TOKYO – Nikon Corporation announced today that sales of the long-awaited DL series of premium compact camera, the DL18-50 f/1.8-2.8, DL24-85 f/1.8-2.8, and DL24-500 f/2.8-5.6, will be canceled.

A June, 2016 release was originally planned for the DL series. However, with the identification of issues with the integrated circuit for image processing, release of the three cameras was delayed indeterminately.

Since then, everyone involved has worked very hard to develop products with which our customers will be satisfied. However, it has been decided that sales of the DL series will be canceled due to concerns regarding their profitability considering the increase in development costs, and the drop in the number of expected sales due to the slow-down of the market.

We sincerely apologize to all those affected by this decision, especially those customers who waited so long for the cameras to be released, retailers and others whose business will be affected, for the inconvenience this decision may cause.

 

Along with the Cancellation announcement Nikon also

Notice of Recognition of Extraordinary Loss

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.

Result of Solicitation for Voluntary Retirement

For approximately 1,000 workers a special retirement benefit will be paid in addition to the normal retirement benefit. Re-employment support services will also be provided on request.

Revision of the Financial Forecast for the Fiscal Year Ending March 31, 2017

Regarding the consolidated financial forecast for the year ending March 31, 2017, despite the continuous boom in sales of FPD Lithography Systems in the Precision Equipment Business, consolidated operating income as a whole is expected to fall below the previous forecast, impacted by the sluggish and shrinking markets of digital cameras in the Imaging Products Business and industrial metrology equipments in the Instruments Business.

    As announced in “Notice of Restructuring” released on November 8, 2016, Nikon Group is currently under a fundamental company-wide restructuring in order to enhance our ability to generate profits and create value. And an extraordinary loss of approximately 53 billion yen in total, including the expenses related to “Result of Solicitation for Voluntary Retirement” and “Notice of Recognition of Extraordinary Loss” released today, is expected to incur as restructuring expenses, which is 5 billion yen increase from the previous estimate of 48 billion yen in “Notice of Restructuring” released on November 8, 2016.

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