Nikon Corporation (NINOY)
OTHER OTC:NINOY
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Nikon
(OTC:NINOY)
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Rating:49Neutral
Price Target:
$11.50
▼(-1.37% Downside)
Action:ReiteratedDate:02/08/26
The score is held down primarily by deteriorated TTM profitability and cash burn, despite a relatively manageable leverage profile. Technicals are neutral and valuation is constrained by losses, with the dividend yield offering only modest support.
Positive Factors
Diversified Revenue Streams
Nikon earns from multiple durable sources—consumer and professional imaging, precision equipment (microscopes, lithography) and services. This mix reduces dependence on any single market cycle, smoothing revenue volatility and supporting long-term resilience across industrial and consumer end markets.
Negative Factors
Material Profitability Deterioration
Trailing results moved from modest profits to a sizeable net loss, signaling structural margin stress. Persistent negative profitability reduces retained earnings, constrains reinvestment capacity and weakens return metrics, risking longer-term competitiveness if recovery is delayed.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Revenue Streams
Nikon earns from multiple durable sources—consumer and professional imaging, precision equipment (microscopes, lithography) and services. This mix reduces dependence on any single market cycle, smoothing revenue volatility and supporting long-term resilience across industrial and consumer end markets.
Read all positive factors
Nikon (NINOY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.79B
Dividend Yield2.16%
Average Volume (3M)5.00
Price to Earnings (P/E)―
Beta (1Y)0.56
Revenue Growth-2.80%
EPS Growth-65.04%
CountryUS
Employees19,444
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)-1.79
Shares Outstanding333,585,700
10 Day Avg. Volume0
30 Day Avg. Volume5
Financial Highlights & Ratios
PEG Ratio-1.02
Price to Book (P/B)0.80
Price to Sales (P/S)0.71
P/FCF Ratio-23.75
Enterprise Value/Market Cap195.25
Enterprise Value/Revenue1.38
Enterprise Value/Gross Profit2.61
Enterprise Value/Ebitda-15.34
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.89
Revenue Forecast (FY)$4.35B
Nikon Business Overview & Revenue Model
Company Description
Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through three segments: Imaging Products Business, Precision Equipment Business, and Healthcare Busines...
How the Company Makes Money
Nikon generates revenue through multiple key streams. The majority of its income comes from the sale of digital cameras and lenses, which includes both consumer-grade products and high-end professional equipment. Additionally, Nikon earns revenue ...
Nikon Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook. While there were positive developments in imaging products and expectations for future profitability improvements, significant challenges in semiconductor-related business and operating losses in some segments led to a notable profit shortfall. Despite a positive outlook for the upcoming fiscal year, the overall sentiment is impacted by missed targets and restructuring challenges.Positive Updates
Revenue Increase in Imaging Products
The Imaging Products Business saw revenue increase by ¥15.6 billion to ¥295.3 billion, driven by strong demand for new wireless cameras, particularly in China, and the benefit of a weaker yen.
Negative Updates
Decline in Semiconductor-Related Business
Sales in the Precision Equipment Business declined by ¥17.4 billion due to a decrease in new semiconductor lithography system sales, resulting in a ¥14.1 billion fixed asset impairment loss.
Read all updates
Q4-2025 Updates
Positive
Negative
Revenue Increase in Imaging Products
The Imaging Products Business saw revenue increase by ¥15.6 billion to ¥295.3 billion, driven by strong demand for new wireless cameras, particularly in China, and the benefit of a weaker yen.
Read all positive updates
Company Guidance
During the fiscal year ended March 31, 2025, Nikon reported revenue of ¥715.2 billion, with an operating profit of ¥2.4 billion and a profit attributable to owners of the parent of ¥6.1 billion. Despite growth in imaging products and healthcare sectors, overall revenue slightly declined due to reduced sales in semiconductor-related businesses and precision equipment. The company faced a ¥27.2 billion one-time cost that significantly impacted profits. For FY 2026, Nikon forecasts revenue of ¥710 billion, operating profit of ¥36 billion, and a profit attributable to owners of ¥30 billion, expecting growth in components and digital manufacturing segments. The company aims to improve profitability by eliminating last year's one-time costs and leveraging gains from the sale of idle assets. They have revised dividend projections to ¥50 per share and plan a 54.8% shareholder return ratio for the current fiscal year. Nikon is also focused on long-term growth investments, particularly in professional video cameras, next-generation lithography, and metal additive processing, targeting a revenue of ¥1 trillion and a 10% operating margin by FY 2030.Nikon Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 535.28B | 715.28B | 717.25B | 628.11B | 539.61B | 451.22B |
| Gross Profit | 283.39B | 311.97B | 310.05B | 277.73B | 225.97B | 145.24B |
| EBITDA | -48.23B | 55.72B | 77.73B | 86.83B | 71.01B | -15.08B |
| Net Income | -89.10B | 6.12B | 32.57B | 44.94B | 42.68B | -34.50B |
Balance Sheet | ||||||
| Total Assets | 1.10T | 1.11T | 1.15T | 1.05T | 1.04T | 989.74B |
| Cash, Cash Equivalents and Short-Term Investments | 158.02B | 166.71B | 222.55B | 212.58B | 370.28B | 351.80B |
| Total Debt | 244.24B | 193.57B | 166.71B | 134.02B | 130.06B | 134.07B |
| Total Liabilities | 522.56B | 471.29B | 462.02B | 431.92B | 439.60B | 451.01B |
| Stockholders Equity | 576.62B | 637.98B | 683.79B | 614.97B | 597.68B | 537.59B |
Cash Flow | ||||||
| Free Cash Flow | -46.49B | -21.40B | -24.45B | -33.01B | 7.53B | -18.13B |
| Operating Cash Flow | -7.01B | 48.26B | 30.77B | 15.00M | 31.35B | 4.97B |
| Investing Cash Flow | -33.63B | -69.99B | -41.41B | -112.15B | -385.00M | 18.02B |
| Financing Cash Flow | 31.52B | -19.81B | -8.94B | -56.21B | -26.15B | -4.99B |
Nikon Technical Analysis
Negative
11.66
Price Trends
12.31
Negative
11.90
Positive
11.31
Positive
Market Momentum
-0.06
Positive
45.41
Neutral
31.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NINOY, the sentiment is Negative. The current price of 11.66 is below the 20-day moving average (MA) of 12.33, below the 50-day MA of 12.31, and above the 200-day MA of 11.31, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 45.41 is Neutral, neither overbought nor oversold. The STOCH value of 31.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NINOY.
Nikon Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $2.20B | 29.88 | 13.18% | 0.79% | 7.27% | 45.12% | |
69 Neutral | $488.42M | -33.91 | -5.18% | 3.22% | -0.07% | -31.45% | |
63 Neutral | $5.41B | 25.34 | 23.39% | 1.15% | 4.20% | 24.12% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
49 Neutral | $3.79B | -1.53 | -13.93% | 2.16% | -2.80% | -65.04% | |
47 Neutral | $111.60M | -6.98 | -3.19% | ― | 2.85% | 24.82% |
* Consumer Cyclical Sector Average
NINOY
Nikon
12.29
1.66
15.57%
GOLF
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93.33
26.71
40.10%
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47.22
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92.57%
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OneSpaWorld Holdings
22.96
5.02
27.98%
AOUT
American Outdoor Brands
8.86
-3.75
-29.74%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.