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Digital Camera World
Digital Camera World
Adam Waring

Nikon's profits tumble thanks (in part) to Trump's tariffs

Nikon Z50 II with shattered graphic overlay.

Nikon has announced its Q1 financial results for the summer 2025 period, in which both revenue and profits have fallen, largely due to the impact of unfavorable exchange rates and the imposition of tariffs by the US government under Donald Trump.

The financial results for the first quarter of the fiscal year (April-June 2025) showed that while sales remained strong, the impact of foreign exchange rates and tariffs led to lower revenue and profits compared to the same period last year. Nikon's full-year forecast also reflects the impact of tariffs, predicting lower revenue and profits.

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