Nikon Slashes Earnings and Dividend Outlook, Executives Forfeit Performance Pay

An update from Nikon ( (JP:7731) ) is now available.

Nikon has sharply revised its consolidated forecast for the fiscal year ending March 31, 2026, now projecting a substantial operating loss and net loss instead of the modest profit previously expected, driven by weaker sales in its Imaging Products, Healthcare, and Digital Manufacturing businesses, along with impairment losses in Digital Manufacturing and inventory write-downs in its Precision Equipment segment. Reflecting the deterioration in earnings, the company has cut its full-year dividend forecast from ¥50 to ¥40 per share by reducing the expected year-end payout, and senior management, including the chairman/CEO and president/COO, will forgo bonuses and performance-based stock compensation to assume responsibility, signaling a more cautious capital return stance and heightened focus on accountability amid operational and market challenges.

The most recent analyst rating on (JP:7731) stock is a Hold with a Yen1852.00 price target. To see the full list of analyst forecasts on Nikon stock, see the JP:7731 Stock Forecast page.

More about Nikon

Nikon Corporation is a Japanese precision equipment manufacturer best known for its imaging products, including digital cameras and lenses, as well as businesses in healthcare, digital manufacturing, and precision equipment. The company serves both consumer and industrial markets globally, with earnings sensitive to demand in photography, semiconductor and electronics-related manufacturing, and medical and scientific imaging, as well as to foreign exchange movements.

Average Trading Volume: 1,350,713

Technical Sentiment Signal: Buy

Current Market Cap: Yen611.1B

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