Forecasts

Forecasts (FY2021)

(million of yen)

2020/12
Actual

2021/12
Forecasts

Increase/ Decrease

Increase/ Decrease

Net Sales

48,375

56,100

7,724

16.0%

Operating Income

3,575

5,300

1,724

48.2%

Ordinary Income

3,750

5,300

1,549

41.3%

Net Income

1,958

3,500

1,541

78.7%


The economic outlook for 2021 remains uncertain mainly because of the spread of COVID-19, which has not yet abated, and the reissued state of emergency in Japan at the beginning of the year. We must continue implementing economic activities while taking preventive measures against the infectious disease. However, the economy is expected to recover slowly given an expected reactionary increase in sales from the sharp decline in 2020, and fiscal and monetary policies and economic support amid the COVID pandemic, which have been implemented worldwide.

Regarding the markets in which the Group participates, sales of both interchangeable lens cameras and interchangeable lenses are projected to turn positive in 2021, reflecting robust sales of mirrorless cameras and a reactionary increase in sales in response to a significant decline in 2020. In the surveillance camera market, security demand is projected to continue to grow and the use of surveillance cameras is expected to expand to include remote monitoring and marketing. In the factory automation (FA) market, manufacturing efficiency and automation demand have been increasing. The vehicle-mounted camera market is looking toward the trend of automated driving. These industrial markets are expected to recover toward the conventional growth track.

Under these circumstances, the Group intends to aggressively release its house-brand interchangeable lenses for mirrorless cameras, which are strong in sales. In the Chinese market, which is our focus area, sales began to increase significantly from the second half of 2020. We also intend to increase the sales volume of lenses for surveillance cameras, as well as the sales amount of lenses for industrial markets, such as FA/machine vision lens and automotive lens, in the Chinese market.
*The results forecast is prepared based on information available at the time of relevant announcements and actual results may differ due to a range of factors.