Nikon Swings to Heavy Loss and Cuts Forecasts While Trimming Group Structure

The latest update is out from Nikon ( (JP:7731) ).

Nikon reported a sharp downturn for the nine months to December 31, 2025, with revenue falling 5.6% year-on-year to ¥483.9 billion and swinging to an operating loss of ¥103.6 billion, compared with a profit a year earlier, resulting in a net loss attributable to owners of ¥87.2 billion and negative basic earnings per share of ¥265.03. The company’s equity ratio declined to 52.4% from 57.4% at the previous fiscal year-end, and Nikon revised its full-year forecast to project continued weakness, guiding to a full-year operating loss of ¥100 billion, a net loss of ¥85 billion and a 5.6% revenue decline, while still planning to pay a reduced total annual dividend of ¥40 per share and streamlining its scope of consolidation by excluding Nikon Metrology NV and another subsidiary, signaling pressure on profitability and capital allocation but a continued commitment to shareholder returns.

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 Japan-based manufacturer best known for its imaging and optics technologies, including cameras, precision equipment and related products, and is listed on the Tokyo Stock Exchange under securities code 7731. The company operates globally across imaging, industrial metrology, and related technology markets, serving both consumer and professional industrial customers.

Average Trading Volume: 1,350,713

Technical Sentiment Signal: Buy

Current Market Cap: Yen611.1B

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