Nikon’s Imaging Products Business is a significant part of its overall operations, comprising about 44 percent of Nikon’s overall revenue in the first quarter. The operating profit dipped from 11.1 billion yen in FY2026 Q1 to 8.1 billion yen in the first quarter of this fiscal year. As for decreased revenue, Nikon specifically cites “reduced sales of digital camera-interchangeable lens type” cameras, or ILCs, which it says is mostly driven by “demand contraction” in China. The company is not contracting lens sales projections for the overall market, but is cutting its own unit sales from 1,300,000 to 1,250,000 out of a total of 10,000,000 total lens sales. On the plus side, the company thinks its overall profit will be slightly higher than expected for the entire fiscal year, up a billion yen versus its last projection.