Nikon（NKN）株式概要株式会社ニコンは、日本、北米、欧州、中国、タイ、および海外で光学機器を製造・販売しています。 詳細NKN ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長3/6過去の実績0/6財務の健全性3/6配当金1/6報酬収益は年間121.24%増加すると予測されています リスク分析リスクチェックの結果、NKN 、リスクは検出されなかった。すべてのリスクチェックを見るNKN Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€10.3711.7% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-86b840b2016201920222025202620282031Revenue JP¥840.4bEarnings JP¥54.7bAdvancedSet Fair ValueView all narrativesNikon Corporation 競合他社PUMASymbol: XTRA:PUMMarket cap: €4.0bHugo BossSymbol: XTRA:BOSSMarket cap: €2.5bEinhell GermanySymbol: XTRA:EINMarket cap: €817.5mHisense Visual TechnologySymbol: SHSE:600060Market cap: CN¥31.9b価格と性能株価の高値、安値、推移の概要Nikon過去の株価現在の株価JP¥10.3752週高値JP¥12.6952週安値JP¥7.79ベータ0.161ヶ月の変化5.43%3ヶ月変化-1.19%1年変化23.51%3年間の変化2.57%5年間の変化19.72%IPOからの変化-20.11%最新ニュースお知らせ • May 08Nikon Corporation, Annual General Meeting, Jun 26, 2026Nikon Corporation, Annual General Meeting, Jun 26, 2026.お知らせ • Apr 08Nikon Corporation to Report Fiscal Year 2026 Results on May 08, 2026Nikon Corporation announced that they will report fiscal year 2026 results on May 08, 2026お知らせ • Jan 07Nikon Reveals NIKKOR Z 24-105Mm F4-7.1 Zoom Lens - Pre Order and More Info At B&H PhotoNikon has unveiled their latest zoom for the Z system. The Z 24-105mm f/4-7.1 is a flexible, carry-everywhere zoom designed with convenience in mind. At just 12.4oz, this is one of the lightest zooms of its caliber in Nikon's current line-up. The new Nikon Z 24-105mm f-105mm f/4.7.1 is a lightweight, everyday zoom lens for Nikon Z-mount mirrorless cameras that covers a broad, 24-105mm focal range. Designed for photographers and hybrid shooters who value portability without sacrificing versatility, this lens is ideal for travel, street, landscapes, portraits, and general walk-around use. At the wide end (24mm), it captures expansive scenes and environmental shots, while the 105mm telephoto reach brings subjects closer with minimal lens changes -- making it a true all-purpose option. As a variable-aperture zoom, its compact design helps keep overall size and weight down, providing convenient handling for daily shooting. With a stepping motor (STM) type drive that offers smooth focus transitions. Nikon has introduced a new addition to its Z-mount lineup: the Nikkor Z 24-105mm f /4-7.1, a versatile, everyday zoom built for convenience and portability, lens can be preordered at B&H Explora.お知らせ • Dec 16Nikon Corporation to Report Q3, 2026 Results on Feb 05, 2026Nikon Corporation announced that they will report Q3, 2026 results on Feb 05, 2026お知らせ • Oct 01Nikon Corporation Reaffirms the Availability of Its Digital Lithography System, Dsp-100Nikon Corporation is reaffirming the availability of its Digital Lithography System, DSP-100, with orders having commenced in July 2025. This system is specifically developed for advanced packaging applications, supporting large substrates up to 600mm square and delivering high resolution of 1.0mm (L/S2) and will be prominently featured during SEMICON West 2025. 1 micrometer (mm) is one-millionth of a meter (one-thousandth of a millimeter). 2 Abbreviation for Line and Space. Refers to the width of circuit lines and the spacing between adjacent patterns. With the widespread adoption of high-speed communication technologies such as the internet of things (IoT) andative artificial intelligence (AI), the volume of information processing is rapidly increasing, driving demand for high-performance semiconductor devices, especially in data centers. In addition, as advanced packaging technologies such as chiplets--that connect multiple chips side by side--continue to progress, circuit patterns are becoming increasingly fine, and package sizes are growing. In response to these challenges, demand for panel-level packaging (PLP) using resin or glass substrates is expected to see continued growth. Performance Overview: Resolution 1.0mm L/S; Light Source Equivalent to i-line; Overlay Accuracy +-0.3mm; Supported Substrate Size; Square substrate: up to 600x600mm; Throughput 50 panels/hour (with 510x515mm substrate); Compatible with wafers and even larger substrates. Key Benefits: Combining High Resolution and Productivity: The DSP-100 integrates Nikon's high-resolution semiconductor lithography technology with the multi-lens technology; from its flat panel display (FPD) lithography systems. It delivers high resolution (1.0mm L/S), excellent overlay accuracy (+-0.3mm), and high productivity--up to 50 panels per hour using 510x515mm substrates.4 Nikon's proprietary technology exposes multiple projection lenses in an array and precisely controls them to produce the same effect as if a single giant lens were used. This enables patterning over a wider area with a single exposure. Unlike conventional lithography systems that require photomasks with circuit patterns, the DSP-100 uses aatial light modulator (SLM) to directly project circuit patterns onto substrates without the need for a photomask. This approach eliminates the size constraints of photomasks, provides greater flexibility for large, advanced packaging applications, and streamlines the development process--reducing both cost and lead time for customers. The DSP-100 supports exposure on large square substrates up to 600x600mm. For 100mm-square large packages, productivity per substrate is nine times higher than when utilizing 300mm wafers. Additionally, the system offers high-precision correction for substrate warpage and deformation, reducing production costs with maskless technology and minimizing maintenance costs with solid state light sources, supporting greener manufacturing.お知らせ • Sep 11B&H Announces the Release of the Zr Cinema CameraB&H announced the release of the ZR Cinema Camera, a lightweight 6K full-frame camera that marks the first brand new hardware collaboration between Nikon and RED DIGITAL CINEMA. The ZR camera combines Nikon's precision AI-assisted autofocus and versatile Z-mount with RED's much lauded color science and cinema-ready functionality. Capable of recording up to 6K 60p in a new flavor of REDCODE RAW, as well as ProRes RAW, H.265, and a host of other formats, the Nikon ZR camera promises to bring high-level professional video functionality to a wider audience. With deeply integrated LUT support (including custom user LUTs), 7.5-stops of In-Body Image Stabilization (IBIS), and Dual Base ISOs of 640 and 5000 in REDCODE RAW, the ZR manages to pack in much more functionality than its compact 1.38 lb body may suggest. Other exciting video-focused features include shutter angle, vertical recording, Frame.io C2C integration, and the 4" touchscreen DCI-P3 flip-out monitor with 3.07mm dots and 1.07mm dots and 1000 nits of brightness. Also of note is the camera's ability to record audio in 32-bit float, a fan-less heat-dissipation system, three custom buttons on the top of the camera, and a lever control for power zoom lenses. The primary card slot is a CFExpress Type B, but there's also a microSD slot for smaller sized files, as the camera has many of the photo-centric features of the Nikon Z6 III.最新情報をもっと見るRecent updatesお知らせ • May 08Nikon Corporation, Annual General Meeting, Jun 26, 2026Nikon Corporation, Annual General Meeting, Jun 26, 2026.お知らせ • Apr 08Nikon Corporation to Report Fiscal Year 2026 Results on May 08, 2026Nikon Corporation announced that they will report fiscal year 2026 results on May 08, 2026お知らせ • Jan 07Nikon Reveals NIKKOR Z 24-105Mm F4-7.1 Zoom Lens - Pre Order and More Info At B&H PhotoNikon has unveiled their latest zoom for the Z system. The Z 24-105mm f/4-7.1 is a flexible, carry-everywhere zoom designed with convenience in mind. At just 12.4oz, this is one of the lightest zooms of its caliber in Nikon's current line-up. The new Nikon Z 24-105mm f-105mm f/4.7.1 is a lightweight, everyday zoom lens for Nikon Z-mount mirrorless cameras that covers a broad, 24-105mm focal range. Designed for photographers and hybrid shooters who value portability without sacrificing versatility, this lens is ideal for travel, street, landscapes, portraits, and general walk-around use. At the wide end (24mm), it captures expansive scenes and environmental shots, while the 105mm telephoto reach brings subjects closer with minimal lens changes -- making it a true all-purpose option. As a variable-aperture zoom, its compact design helps keep overall size and weight down, providing convenient handling for daily shooting. With a stepping motor (STM) type drive that offers smooth focus transitions. Nikon has introduced a new addition to its Z-mount lineup: the Nikkor Z 24-105mm f /4-7.1, a versatile, everyday zoom built for convenience and portability, lens can be preordered at B&H Explora.お知らせ • Dec 16Nikon Corporation to Report Q3, 2026 Results on Feb 05, 2026Nikon Corporation announced that they will report Q3, 2026 results on Feb 05, 2026お知らせ • Oct 01Nikon Corporation Reaffirms the Availability of Its Digital Lithography System, Dsp-100Nikon Corporation is reaffirming the availability of its Digital Lithography System, DSP-100, with orders having commenced in July 2025. This system is specifically developed for advanced packaging applications, supporting large substrates up to 600mm square and delivering high resolution of 1.0mm (L/S2) and will be prominently featured during SEMICON West 2025. 1 micrometer (mm) is one-millionth of a meter (one-thousandth of a millimeter). 2 Abbreviation for Line and Space. Refers to the width of circuit lines and the spacing between adjacent patterns. With the widespread adoption of high-speed communication technologies such as the internet of things (IoT) andative artificial intelligence (AI), the volume of information processing is rapidly increasing, driving demand for high-performance semiconductor devices, especially in data centers. In addition, as advanced packaging technologies such as chiplets--that connect multiple chips side by side--continue to progress, circuit patterns are becoming increasingly fine, and package sizes are growing. In response to these challenges, demand for panel-level packaging (PLP) using resin or glass substrates is expected to see continued growth. Performance Overview: Resolution 1.0mm L/S; Light Source Equivalent to i-line; Overlay Accuracy +-0.3mm; Supported Substrate Size; Square substrate: up to 600x600mm; Throughput 50 panels/hour (with 510x515mm substrate); Compatible with wafers and even larger substrates. Key Benefits: Combining High Resolution and Productivity: The DSP-100 integrates Nikon's high-resolution semiconductor lithography technology with the multi-lens technology; from its flat panel display (FPD) lithography systems. It delivers high resolution (1.0mm L/S), excellent overlay accuracy (+-0.3mm), and high productivity--up to 50 panels per hour using 510x515mm substrates.4 Nikon's proprietary technology exposes multiple projection lenses in an array and precisely controls them to produce the same effect as if a single giant lens were used. This enables patterning over a wider area with a single exposure. Unlike conventional lithography systems that require photomasks with circuit patterns, the DSP-100 uses aatial light modulator (SLM) to directly project circuit patterns onto substrates without the need for a photomask. This approach eliminates the size constraints of photomasks, provides greater flexibility for large, advanced packaging applications, and streamlines the development process--reducing both cost and lead time for customers. The DSP-100 supports exposure on large square substrates up to 600x600mm. For 100mm-square large packages, productivity per substrate is nine times higher than when utilizing 300mm wafers. Additionally, the system offers high-precision correction for substrate warpage and deformation, reducing production costs with maskless technology and minimizing maintenance costs with solid state light sources, supporting greener manufacturing.お知らせ • Sep 11B&H Announces the Release of the Zr Cinema CameraB&H announced the release of the ZR Cinema Camera, a lightweight 6K full-frame camera that marks the first brand new hardware collaboration between Nikon and RED DIGITAL CINEMA. The ZR camera combines Nikon's precision AI-assisted autofocus and versatile Z-mount with RED's much lauded color science and cinema-ready functionality. Capable of recording up to 6K 60p in a new flavor of REDCODE RAW, as well as ProRes RAW, H.265, and a host of other formats, the Nikon ZR camera promises to bring high-level professional video functionality to a wider audience. With deeply integrated LUT support (including custom user LUTs), 7.5-stops of In-Body Image Stabilization (IBIS), and Dual Base ISOs of 640 and 5000 in REDCODE RAW, the ZR manages to pack in much more functionality than its compact 1.38 lb body may suggest. Other exciting video-focused features include shutter angle, vertical recording, Frame.io C2C integration, and the 4" touchscreen DCI-P3 flip-out monitor with 3.07mm dots and 1.07mm dots and 1000 nits of brightness. Also of note is the camera's ability to record audio in 32-bit float, a fan-less heat-dissipation system, three custom buttons on the top of the camera, and a lever control for power zoom lenses. The primary card slot is a CFExpress Type B, but there's also a microSD slot for smaller sized files, as the camera has many of the photo-centric features of the Nikon Z6 III.お知らせ • Jun 07Nikon Corporation to Report Q1, 2026 Results on Aug 07, 2025Nikon Corporation announced that they will report Q1, 2026 results on Aug 07, 2025お知らせ • May 08Nikon Corporation, Annual General Meeting, Jun 27, 2025Nikon Corporation, Annual General Meeting, Jun 27, 2025.お知らせ • Mar 11Nikon Corporation to Report Fiscal Year 2025 Results on May 08, 2025Nikon Corporation announced that they will report fiscal year 2025 results on May 08, 2025Declared Dividend • Dec 30First half dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 28th March 2025 Payment date: 25th June 2025 Dividend yield will be 303%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (245% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • Dec 30High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Senior EVP, CTO, Deputy CFO, GM of Corporate Strategy & Director Yasuhiro Ohmura was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Dec 10Nikon Corporation to Report Q3, 2025 Results on Feb 06, 2025Nikon Corporation announced that they will report Q3, 2025 results on Feb 06, 2025New Risk • Nov 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 5.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (245% cash payout ratio). Profit margins are more than 30% lower than last year (3.6% net profit margin).お知らせ • Nov 07+ 1 more updateNikon Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 2025Nikon Corporation revised consolidated earnings guidance for the fiscal year ending March 2025. For the year, the company expects revised revenue of JPY 725.0 billion, operating profit of JPY 22.0 billion and profit attributable to owners of parent of JPY 16.0 billion compared to previously expected revenue of JPY 750.0 billion, operating profit of JPY 35.0 billion and profit attributable to owners of parent of JPY 30.0 billion.お知らせ • Nov 01Nikon Corporation (TSE:7731) announces an Equity Buyback for 30,000,000 shares, representing 8.65% for ¥30,000 million.Nikon Corporation (TSE:7731) announces a share repurchase program. Under the program, the company will repurchase up to 30,000,000 shares, representing 8.65% of its outstanding shares for ¥30,000 million. The purpose of the program is to strengthen shareholder returns and improve capital efficiency. The repurchased shares will be cancelled. The repurchase program will expire on March 24, 2025. As of September 30, 2024, the company had 346,649,924 shares outstanding (excluding treasury shares).Valuation Update With 7 Day Price Move • Oct 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €10.79, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Consumer Durables industry in Europe. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.94 per share.Upcoming Dividend • Sep 20Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.6%).お知らせ • Sep 10Nikon Corporation to Report Q2, 2025 Results on Nov 07, 2024Nikon Corporation announced that they will report Q2, 2025 results on Nov 07, 2024Reported Earnings • Aug 09First quarter 2025 earnings released: EPS: JP¥7.95 (vs JP¥7.44 in 1Q 2024)First quarter 2025 results: EPS: JP¥7.95 (up from JP¥7.44 in 1Q 2024). Revenue: JP¥163.9b (up 3.6% from 1Q 2024). Net income: JP¥2.76b (up 6.9% from 1Q 2024). Profit margin: 1.7% (up from 1.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 08+ 1 more updateNikon Corporation Revises Consolidated Earnings Guidance for the First Half of Fiscal Year Ending March 2025Nikon Corporation revised consolidated earnings guidance for the first half of fiscal year ending March 2025. For the first half, the company expects revised revenue of JPY 346.0 billion, operating profit of JPY 7.0 billion and profit attributable to owners of parent of JPY 7.0 billion compared to previously expected revenue of JPY 350.0 billion, operating profit of JPY 11.0 billion and profit attributable to owners of parent of JPY 10.0 billion.Declared Dividend • Jul 11Final dividend of JP¥25.00 announcedShareholders will receive a dividend of JP¥25.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 261%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • Jul 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Senior VP, GM of Office of the President & Director Yasuhiro Ohmura was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Jun 28Full year 2024 earnings released: EPS: JP¥94.03 (vs JP¥125 in FY 2023)Full year 2024 results: EPS: JP¥94.03 (down from JP¥125 in FY 2023). Revenue: JP¥717.2b (up 14% from FY 2023). Net income: JP¥32.6b (down 28% from FY 2023). Profit margin: 4.5% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 13Nikon Corporation to Report Q1, 2025 Results on Aug 08, 2024Nikon Corporation announced that they will report Q1, 2025 results on Aug 08, 2024お知らせ • May 11Nikon Corporation, Annual General Meeting, Jun 24, 2024Nikon Corporation, Annual General Meeting, Jun 24, 2024.Reported Earnings • May 11Full year 2024 earnings released: EPS: JP¥94.03 (vs JP¥125 in FY 2023)Full year 2024 results: EPS: JP¥94.03 (down from JP¥125 in FY 2023). Revenue: JP¥717.2b (up 14% from FY 2023). Net income: JP¥32.6b (down 28% from FY 2023). Profit margin: 4.5% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • May 10+ 2 more updatesNikon Corporation Provides Dividend Guidance for the Year Ended March 31, 2025Nikon Corporation provided dividend guidance for the year ended March 31, 2025. For the year, the company expects to pay a dividend of JPY 30.00 per share.Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €10.58, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 10x in the Consumer Durables industry in Germany. Total returns to shareholders of 53% over the past three years.Upcoming Dividend • Mar 21Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.4%).お知らせ • Mar 07Nikon Corporation to Report Fiscal Year 2024 Results on May 09, 2024Nikon Corporation announced that they will report fiscal year 2024 results on May 09, 2024New Risk • Feb 08New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.3% Last year net profit margin: 7.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.3% net profit margin).Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥43.79 (vs JP¥57.85 in 3Q 2023)Third quarter 2024 results: EPS: JP¥43.79 (down from JP¥57.85 in 3Q 2023). Revenue: JP¥197.6b (up 18% from 3Q 2023). Net income: JP¥15.2b (down 26% from 3Q 2023). Profit margin: 7.7% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 08Nikon Corporation Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2024Nikon Corporation revised consolidated earnings guidance for the full year ending March 31, 2024. For the year, the company revised revenue to JPY 705.0 billion from JPY 690.0 billion previous guidance, operating profit to be JPY 36.0 billion compared to previous guidance of JPY 34.0 billion and profit attributable to owners of parent to be JPY 27.0 billion compared to previous guidance of JPY 27.0 billion.お知らせ • Dec 08Nikon Corporation to Report Q3, 2024 Results on Feb 08, 2024Nikon Corporation announced that they will report Q3, 2024 results on Feb 08, 2024Reported Earnings • Nov 10Second quarter 2024 earnings released: EPS: JP¥20.86 (vs JP¥19.39 in 2Q 2023)Second quarter 2024 results: EPS: JP¥20.86 (up from JP¥19.39 in 2Q 2023). Revenue: JP¥173.2b (up 21% from 2Q 2023). Net income: JP¥7.23b (up 3.0% from 2Q 2023). Profit margin: 4.2% (down from 4.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 09+ 2 more updatesNikon Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31 2024Nikon Corporation provided dividend guidance for the fiscal year ending March 31 2024. For the year, the company expects to pay dividend of JPY 25.00 per share against JPY 25.00 per share paid a year ago.お知らせ • Sep 27Nikon Announces NIKKOR Z 135mm F1.8 S Plena LensB&H announced the Nikon NIKKOR Z 135mm f/1.8 S Plena lens, a short-telephoto prime for its mirrorless Z system. This lens is designed as the quintessential portrait lens; it emphasizes accurate rendering, smooth bokeh, and high sharpness, along with a focal length that flatters subjects and allows for an ideal amount of subject- background separation. Introduced as "a new visual experience," Nikon has just announced the NIKKOR Z 135mm F1.8 S Plena lenses for its Z system. The Nikkor Z 135mm f/1.8 lens is called "Plenaty," which translates to " full." This concept relates to the advanced optics that help to achieve high resolution, consistent and even peripheral illumination, and especially round, well-controlled bokeh void of rings or fringing--all traits that makeup an ideal lens for portraiture. And, as an S-Line lens with Meso Amorphous and ARNEO Coats, the Plena offers Nikon's most controlled point-light reproduction, color rendering, and high anti-reflective qualities. Product Highlights: Full-Frame | f/1.8; Fast, Lightweight Telephoto Prime; Multi-Focus System; Round Bokeh from Edge to Edge; ED, SR, and Aspherical Elements; ARNEO and Meso Amorphous Coatings; Dust and Water-Resistant Design. This is a lens that will feel at home in a photographer's bag, but it's also a lens that has been optimized for video creators with internal focusing that inherently suppresses focus breathing and offers smooth, silent AF performance. Also, the 11-blade diaphragm uses an electro-magnetic mechanism for stable aperture changes. Physically, the lens is an evolution of S-Line lenses: it is dust and drip resistant and features a relatively lightweight, portable form factor, considering the focal length and large maximum aperture--it weighs just about 2.2 lb, has an 82mm filter diameter, and is evenly tapered for balanced handling.Upcoming Dividend • Sep 21Upcoming dividend of JP¥25.00 per share at 3.1% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.1%).お知らせ • Sep 08Nikon Corporation to Report Q2, 2024 Results on Nov 09, 2023Nikon Corporation announced that they will report Q2, 2024 results on Nov 09, 2023Buying Opportunity • Aug 17Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.4%. The fair value is estimated to be €11.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 33% in the next 2 years.Valuation Update With 7 Day Price Move • Aug 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €9.46, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.73 per share.Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥7.44 (vs JP¥32.39 in 1Q 2023)First quarter 2024 results: EPS: JP¥7.44 (down from JP¥32.39 in 1Q 2023). Revenue: JP¥158.1b (up 8.6% from 1Q 2023). Net income: JP¥2.58b (down 78% from 1Q 2023). Profit margin: 1.6% (down from 8.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 09+ 1 more updateNikon Corporation Revises Earnings Guidance for the Full Year Ending March 31, 2024Nikon Corporation revised earnings guidance for the full year ending March 31, 2024. For the period, the company revised revenue to JPY 670.0 billion from JPY 665.0 billion previous guidance, operating profit to be JPY 43.0 billion compared to JPY 43.0 previous guidance and profit attributable to owners of parent to be JPY 35.0 billion compared to JPY 35.00 previous guidance.お知らせ • Jun 23Nikon Announces NIKKOR Z 70-180mm f/1.8 and 180-600mm f/5.6-6.3 VR LensesB&H share Nikon's announcement of two expansive zoom lenses for Z series cameras: the NIKKOR Z 70-180mm f/2.8 and NIKKOR 180-600mm f/5.6-6.3 VR. The 70-180mm f/2.8 lens brings the benefits of a fast, constant aperture to a compact and relatively lightweight form. The Nikon Nikkor 180-600mm f/5.6-6.3 VR lens becomes the farthest-reaching zoom for Z series cameras to date. Together they form a telephoto kit with massive coverage, from portraits to events, wildlife, sports, and more. In addition to a versatile zoom range, the Nikon NIKKOR Z 70-180mm f/2.8 lens offers better low-light performance and subject-background separation than slower zooms. A minimum focusing distance ranging from 0.68 inches (wide) to 2.79 (tele) allow you to get up close and personal to subjects. When even more reach is needed, it can be paired with a 1.4x or 2x teleconverter to provide the equivalent of 252mm and 360mm maximum focal length, respectively. Videographers will appreciate suppressed focus breathing for smooth transitions when recording. Finally, measuring less than 6 inches in length and weighing 1.75 lb, it maintains a manageable form for handheld use and everyday carry. Nikon NIKKOR Z TM 180-600mm f/5.6-6.3 VR Lens: Key Features: Full-Frame | f/5.6 to 6.3; Super-Telephoto Zoom Lens; 5.5-Stop VR Image Stabilization; Programmable Control Ring; Customizable Function Buttons; Compatible with Z Teleconverters. Whether capturing a bear from a safe distance or tracking aircraft through the clouds, the 180-600mm f/5.6-6.3 VR is a powerful telephoto zoom. With only a 70-degree twist of the lens you can transition from location to maximum zoom for quick framing of moving subjects. Built-in vibration reduction offers 5.5 stops of stabilization for capturing fast-moving subject's handheld. Nikon NIKKOR Z 70-180mm f/2.8 Lens: Key Features: Full-Frame | f/2.8; Fast Telephoto Zoom; Compatible with Z Teleconverters; Lightweight and Compact Design. A quick-release tripod foot, strap eyelet, customizable control ring, and function buttons further streamline this lens for working in the field. Like the 70-180mm, it is compatible with 1.4x and 2x teleconverters to achieve the mammoth effect of 840mm and 1200mm focal lengths.お知らせ • Jun 09Nikon Corporation to Report Q1, 2024 Results on Aug 08, 2023Nikon Corporation announced that they will report Q1, 2024 results on Aug 08, 2023Buying Opportunity • May 29Now 20% undervaluedOver the last 90 days, the stock is up 9.2%. The fair value is estimated to be €12.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 89%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 6.0% per annum over the same time period.Reported Earnings • May 14Full year 2023 earnings released: EPS: JP¥125 (vs JP¥116 in FY 2022)Full year 2023 results: EPS: JP¥125 (up from JP¥116 in FY 2022). Revenue: JP¥628.1b (up 16% from FY 2022). Net income: JP¥44.9b (up 5.3% from FY 2022). Profit margin: 7.2% (down from 7.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • May 11+ 3 more updatesNikon Corporation Provides Consolidated Earning Guidance for the Second Quarter Ending September 30, 2023, and for the Fiscal Year Ending March 31 2024Nikon Corporation provided consolidated earning guidance for the second quarter ending September 30, 2023, and for the fiscal year ending March 31 2024. For the second quarter ending September 2023, the company expects operating revenue of ¥335,000 million; operating profit of ¥20,000 million; profit attributable to owners of the parent of ¥17,000 million or ¥49.11 basic per share.For the fiscal year ending March 31 2024, the company expects operating revenue of ¥665,000 million; operating profit of ¥43,000 million; profit attributable to owners of the parent of ¥35,000 million or ¥101.11 basic per share.Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.1%).Reported Earnings • Feb 11Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: JP¥167.8b (up 26% from 3Q 2022). Net income: JP¥20.6b (up 63% from 3Q 2022). Profit margin: 12% (up from 9.5% in 3Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany.お知らせ • Feb 09+ 1 more updateNikon Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Nikon Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company now expects revenue to be JPY 630,000 million, operating profit to be JPY 55,000 million, profit attributable to owners of parent to be JPY 42,000 million and basic earnings per share to be JPY 116.71 against revenue of JPY 645,000 million, operating profit of JPY 55,000 million, profit attributable to owners of parent of JPY 42,000 million and basic earnings per share of JPY 115.63 as previously forecasted.お知らせ • Dec 10Nikon Corporation to Report Q3, 2023 Results on Feb 09, 2023Nikon Corporation announced that they will report Q3, 2023 results on Feb 09, 2023Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥19.39 (vs JP¥28.88 in 2Q 2022)Second quarter 2023 results: EPS: JP¥19.39 (down from JP¥28.88 in 2Q 2022). Revenue: JP¥142.7b (up 1.4% from 2Q 2022). Net income: JP¥7.02b (down 34% from 2Q 2022). Profit margin: 4.9% (down from 7.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Makoto Sumita was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Nov 12Second quarter 2023 earnings released: EPS: JP¥19.39 (vs JP¥28.88 in 2Q 2022)Second quarter 2023 results: EPS: JP¥19.39 (down from JP¥28.88 in 2Q 2022). Revenue: JP¥142.7b (up 1.4% from 2Q 2022). Net income: JP¥7.01b (down 34% from 2Q 2022). Profit margin: 4.9% (down from 7.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.9%).Reported Earnings • Aug 05First quarter 2023 earnings released: EPS: JP¥32.39 (vs JP¥43.19 in 1Q 2022)First quarter 2023 results: EPS: JP¥32.39 (down from JP¥43.19 in 1Q 2022). Revenue: JP¥145.6b (up 10% from 1Q 2022). Net income: JP¥11.9b (down 25% from 1Q 2022). Profit margin: 8.1% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11%, compared to a 3.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • May 14Full year 2022 earnings released: EPS: JP¥116 (vs JP¥93.96 loss in FY 2021)Full year 2022 results: EPS: JP¥116 (up from JP¥93.96 loss in FY 2021). Revenue: JP¥539.6b (up 20% from FY 2021). Net income: JP¥42.7b (up JP¥77.2b from FY 2021). Profit margin: 7.9% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 8.1%, compared to a 7.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • May 13+ 2 more updatesNikon Corporation Announces Cash Dividend for the Year Ended March 31, 2022, Payable on June 30, 2022Nikon Corporation announced cash dividend of JPY 20.00 against JPY 10.00 a year ago. The dividend will be payable on June 30, 2022.お知らせ • May 12Nikon Corporation, Annual General Meeting, Jun 29, 2022Nikon Corporation, Annual General Meeting, Jun 29, 2022.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent External Director Asako Yamagami was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 07Nikon Corporation (TSE:7731) announces an Equity Buyback for 36,000,000 shares, representing 9.79% for ¥30,000 million.Nikon Corporation (TSE:7731) announces a share repurchase program. Under the program, the company will repurchase up to 36,000,000 shares, representing 9.79% of its outstanding shares for ¥30,000 million. The purpose of the program is to enhance shareholder returns, while improving capital efficiency and ensuring a flexible capital policy. The repurchased shares will be cancelled. The repurchase program will expire on March 24, 2023. As of March 31, 2022, the company had 367,850,775 shares outstanding (excluding treasury shares) and 10,485,746 shares in treasury.お知らせ • Apr 06Nikon Releases NIKKOR Z 800mm f6.3 VR S LensNikon released NIKKOR Z 800mm f/6.3 VR S lens. This super-telephoto prime is Nikon’s longest lens for its Z-mount mirrorless system and features a unique design that includes a Phase Fresnel element to dramatically cut the overall weight and size. NIKKOR Z 800mm f/6.3 VR S is a super-telephoto prime for Nikon’s Z mirrorless cameras. The distinct design is made possible by the inclusion of a Phase Fresnel element, which cuts the overall weight by 50% and the length by 16% compared to the former F-mount 800mm f/5.6 lens. With such a long focal length, this lens is ideal for birding, wildlife, and sports subjects—instances where need to get close to the action or isolate subjects from a distance. Compared to the previous Nikon 800mm f/5.6 lens, for F-mount SLR cameras, this updated Z-mount version has a revised optical design that includes a PF element to reduce the overall weight by 50% and the length by 16%, making for a super-tele prime that can feasibly be used handheld. Nikon NIKKOR Z 800mm f/6.3 VR S Lens features include: Z-Mount Lens/FX Format; Aperture Range: f/6.3 to f/32; PF Element, 50% Weight Reduction; SR and ED Elements; Nano Crystal Coat; Multi-Focus Stepping Motor AF System; Vibration Reduction Image Stabilization; Customizable Fn and Memory Set Buttons; Weather-Sealed Design, Fluorine Coating; Rotating Tripod Collar. The PF element also contributes to a marked reduction of various abnormalities and is combined with extra-low dispersion (ED) and short-wave refractive (SR) elements to virtually eliminate chromatic aberrations and color fringing for high clarity and color accuracy. A Nano Crystal Coat further improves on contrast by helping to suppress flare and ghosting for improved color accuracy in bright and backlit conditions. As a lens intended to be used on fast-shooting flagship cameras, like the Nikon Z9, this 800mm incorporates an advanced multi-focus system that uses stepping motors for quick, quiet, and responsive autofocus performance. Also, contributing to the idea of handheld use of the lens, a robust 5 stop-effective Vibration Reduction system helps curb the effects of camera shake and is compatible with Synchro VR, for 5.5 stops of image stabilization, when used on select Z cameras. In terms of build quality, the lens has a weather-sealed design with rubber gaskets to prevent the ingress of dust and moisture. Fluorine coatings are also featured on the exposed elements to repel dust and markings and make the elements easier to clean. The handling is intuitive, akin to the Z 400mm f/2.8, with a variety of dials, Fn buttons, a focus limiter switch, and a memory set button for easily adjusting settings without needing to take eye away from the viewfinder. The lens has a well-balanced design for stable panning when shooting atop a tripod or monopod using the rotating tripod mount and it is also compatible with the optional Z Teleconverters TC-1.4x and 2x to further extend the lens’s reach.Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (2.3%).Reported Earnings • Feb 04Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥34.34 (up from JP¥22.07 in 3Q 2021). Revenue: JP¥133.3b (down 12% from 3Q 2021). Net income: JP¥12.6b (up 56% from 3Q 2021). Profit margin: 9.5% (up from 5.4% in 3Q 2021). Revenue missed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 2.7%, compared to a 7.1% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.お知らせ • Feb 03+ 1 more updateNikon Corporation Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2022Nikon Corporation revised consolidated earnings guidance for the full year ending March 31, 2022. For the full year, the company expects revenue of JPY 550,000 million, operating profit of JPY 47,000 million, profit attributable to owners of parent of JPY 39,000 million. Basic earnings per share to be JPY 106.21.Reported Earnings • Nov 05Second quarter 2022 earnings released: EPS JP¥28.88 (vs JP¥48.87 loss in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥140.8b (up 27% from 2Q 2021). Net income: JP¥10.6b (up JP¥28.5b from 2Q 2021). Profit margin: 7.5% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Sep 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (2.2%).お知らせ • Sep 14Nikon Launches Sleek, Versatile NIKKOR Z 40mm f/2 LensNikon Corporation announced the NIKKOR Z 40mm f/2, a versatile and compact prime lens for the mirrorless Z system. This lens straddles the wide-angle and normal-length fields of view and is characterized by its adaptability for use in a variety of shooting scenarios. Nikon NIKKOR Z 40mm f/2 Lens, Z-Mount Lens/FX Format Aperture Range: f/2 to f/16, Compact, Pancake Design. Equally at home on FX- or DX-format bodies, this sleek lens is wide enough for street shooting and landscapes but selective enough for portraiture and detail shooting, too. The bright f/2 maximum aperture also means it's capable in low-light conditions and can control depth of field for isolating subjects with selective focus. Additionally, a rounded 9-blade diaphragm contributes to a desirable smooth bokeh quality. As such a small and simple lens, there isn't too much to its physical design beyond a single programmable control ring, which can be set to adjust manual focus, aperture, or a variety of other camera settings. And, inside, there's a stepping AF motor that offers fast, smooth, and quiet autofocus performance with minimal focus breathing to suit both photo and video applications.Reported Earnings • Aug 06First quarter 2022 earnings released: EPS JP¥43.19 (vs JP¥37.03 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥132.3b (up 104% from 1Q 2021). Net income: JP¥15.9b (up JP¥29.5b from 1Q 2021). Profit margin: 12% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Reported Earnings • May 14Full year 2021 earnings released: JP¥93.96 loss per share (vs JP¥19.93 profit in FY 2020)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥451.2b (down 24% from FY 2020). Net loss: JP¥34.5b (down JP¥42.2b from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.お知らせ • May 14+ 2 more updatesNikon Corporation Provides Second Quarter End Cash Dividend Guidance of Year Ending March 31, 2022 and Year-End Cash Dividend Guidance of Year Ending March 31, 2022Nikon Corporation provided second quarter end cash dividend guidance of year ending March 31, 2022 and year-end cash dividend guidance of year ending March 31, 2022. For the second quarter end, the company expects to pay cash dividend of JPY 15.00 per share compared to JPY 10.00 per share paid a year ago. For the year ending March 31, 2022, the company expects to pay year-end cash dividend of JPY 15.00 per share compared to JPY 10.00 per share a year ago.お知らせ • Apr 27Nikon Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ended March 31, 2021Nikon Corporation revised consolidated earnings guidance for the fiscal year ended March 31, 2021. For the year, the company expects revised revenue of JPY 451,000 million, operating loss of JPY 57,000 million, loss attributable to owners of the parent of JPY 35,000 million and basic earnings per share attributable to owners of the parent of JPY 95.33 compared to previously expected revenue of JPY 450,000 million, operating loss of JPY 65,000 million, loss attributable to owners of the parent of JPY 42,000 million and basic earnings per share attributable to owners of the parent of JPY 114.40.Upcoming Dividend • Mar 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (2.2%).お知らせ • Mar 17Nikon Corporation to Report Fiscal Year 2021 Results on May 13, 2021Nikon Corporation announced that they will report fiscal year 2021 results on May 13, 2021Is New 90 Day High Low • Feb 19New 90-day high: €7.40The company is up 35% from its price of €5.50 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.06 per share.Analyst Estimate Surprise Post Earnings • Feb 06Revenue beats expectationsRevenue exceeded analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 1.9%, compared to a 7.2% growth forecast for the Consumer Durables industry in Germany.Reported Earnings • Feb 06Third quarter 2021 earnings released: EPS JP¥22.07 (vs JP¥10.05 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥150.6b (down 1.8% from 3Q 2020). Net income: JP¥8.10b (up 109% from 3Q 2020). Profit margin: 5.4% (up from 2.5% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.お知らせ • Jan 29Nikon Corporation Revises Earnings Guidance for the Year Ending March 31, 2021Nikon Corporation revised earnings guidance for the year ending March 31, 2021. For the year, the company expects revenue of JPY 450,000 million, Operating loss of JPY 65,000 million, loss attributable to owners of the Parent of JPY 42,000 million, Basic loss per Share Attributable to Owners of the Parent of JPY 114.40 compared to the previous guidance revenue of JPY 430,000 million, Operating loss of JPY 75,000 million, loss attributable to owners of the Parent of JPY 50,000 million, Basic loss per share attributable to owners of the parent of JPY 136.19.Is New 90 Day High Low • Jan 26New 90-day high: €6.90The company is up 34% from its price of €5.15 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.14 per share.Is New 90 Day High Low • Jan 09New 90-day high: €5.95The company is up 10.0% from its price of €5.40 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.84 per share.株主還元NKNDE Consumer DurablesDE 市場7D-14.2%0.4%0.6%1Y23.5%-16.9%0.2%株主還元を見る業界別リターン: NKN過去 1 年間で-16.9 % の収益を上げたGerman Consumer Durables業界を上回りました。リターン対市場: NKN過去 1 年間で0.2 % の収益を上げたGerman市場を上回りました。価格変動Is NKN's price volatile compared to industry and market?NKN volatilityNKN Average Weekly Movement7.9%Consumer Durables Industry Average Movement5.3%Market Average Movement6.1%10% most volatile stocks in DE Market13.2%10% least volatile stocks in DE Market2.7%安定した株価: NKN 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: NKNの 週次ボラティリティ ( 8% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト191720,069Yasuhiro Ohmurawww.nikon.com株式会社ニコンは、日本、北米、欧州、中国、タイおよび海外で光学機器を製造・販売している。イメージング・プロダクツ事業、精密機器事業、ヘルスケア事業、コンポーネント事業、産業機器事業、その他事業を行っている。イメージングプロダクツ事業では、デジタル一眼レフカメラ、コンパクトデジタルカメラ、カメラ用交換レンズを提供している。精密機器事業」は、FPD露光装置、半導体露光装置を提供しております。ヘルスケア事業」は、生物顕微鏡、細胞培養観察装置、超広視野網膜イメージング装置、細胞開発・製造受託関連製品・サービスを提供しています。コンポーネント事業」は、光学部品、光学部品、エンコーダ、材料加工製品・サービス、EUV関連部品・宇宙関連ソリューション、FPD用フォトマスク基板を提供しています。産業機器その他事業」は、工業用顕微鏡、非接触三次元測定機、計測機器、X線・CT検査装置、測量機器等を提供している。また、中古装置の販売、FPD/半導体露光装置の保守サービス、カメラ・顕微鏡・測定機・X線検査装置の販売・サービス、コンピュータソフトウェアの開発・サポート等も行っている。また、調達・物流・福祉事業、メガネ・レンズの開発・製造・検査事業、カメラユニットの組立事業も行っている。株式会社ニコンは1917年に設立され、日本の品川に本社を置く。もっと見るNikon Corporation 基礎のまとめNikon の収益と売上を時価総額と比較するとどうか。NKN 基礎統計学時価総額€3.51b収益（TTM）-€466.29m売上高(TTM)€3.67b1.0xP/Sレシオ-7.5xPER（株価収益率NKN は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計NKN 損益計算書（TTM）収益JP¥677.16b売上原価JP¥399.90b売上総利益JP¥277.26bその他の費用JP¥363.35b収益-JP¥86.09b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-261.34グロス・マージン40.94%純利益率-12.71%有利子負債／自己資本比率37.4%NKN の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.0%現在の配当利回り-15%配当性向NKN 配当は確実ですか？NKN 配当履歴とベンチマークを見るNKN 、いつまでに購入すれば配当金を受け取れますか？Nikon 配当日配当落ち日Mar 30 2026配当支払日Jun 29 2026配当落ちまでの日数54 days配当支払日までの日数37 daysNKN 配当は確実ですか？NKN 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 22:26終値2026/05/21 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Nikon Corporation 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。26 アナリスト機関Masahiro NakanomyoBarclaysMayako OuchiBofA Global ResearchMasahiro ShibanoCitigroup Inc23 その他のアナリストを表示
お知らせ • May 08Nikon Corporation, Annual General Meeting, Jun 26, 2026Nikon Corporation, Annual General Meeting, Jun 26, 2026.
お知らせ • Apr 08Nikon Corporation to Report Fiscal Year 2026 Results on May 08, 2026Nikon Corporation announced that they will report fiscal year 2026 results on May 08, 2026
お知らせ • Jan 07Nikon Reveals NIKKOR Z 24-105Mm F4-7.1 Zoom Lens - Pre Order and More Info At B&H PhotoNikon has unveiled their latest zoom for the Z system. The Z 24-105mm f/4-7.1 is a flexible, carry-everywhere zoom designed with convenience in mind. At just 12.4oz, this is one of the lightest zooms of its caliber in Nikon's current line-up. The new Nikon Z 24-105mm f-105mm f/4.7.1 is a lightweight, everyday zoom lens for Nikon Z-mount mirrorless cameras that covers a broad, 24-105mm focal range. Designed for photographers and hybrid shooters who value portability without sacrificing versatility, this lens is ideal for travel, street, landscapes, portraits, and general walk-around use. At the wide end (24mm), it captures expansive scenes and environmental shots, while the 105mm telephoto reach brings subjects closer with minimal lens changes -- making it a true all-purpose option. As a variable-aperture zoom, its compact design helps keep overall size and weight down, providing convenient handling for daily shooting. With a stepping motor (STM) type drive that offers smooth focus transitions. Nikon has introduced a new addition to its Z-mount lineup: the Nikkor Z 24-105mm f /4-7.1, a versatile, everyday zoom built for convenience and portability, lens can be preordered at B&H Explora.
お知らせ • Dec 16Nikon Corporation to Report Q3, 2026 Results on Feb 05, 2026Nikon Corporation announced that they will report Q3, 2026 results on Feb 05, 2026
お知らせ • Oct 01Nikon Corporation Reaffirms the Availability of Its Digital Lithography System, Dsp-100Nikon Corporation is reaffirming the availability of its Digital Lithography System, DSP-100, with orders having commenced in July 2025. This system is specifically developed for advanced packaging applications, supporting large substrates up to 600mm square and delivering high resolution of 1.0mm (L/S2) and will be prominently featured during SEMICON West 2025. 1 micrometer (mm) is one-millionth of a meter (one-thousandth of a millimeter). 2 Abbreviation for Line and Space. Refers to the width of circuit lines and the spacing between adjacent patterns. With the widespread adoption of high-speed communication technologies such as the internet of things (IoT) andative artificial intelligence (AI), the volume of information processing is rapidly increasing, driving demand for high-performance semiconductor devices, especially in data centers. In addition, as advanced packaging technologies such as chiplets--that connect multiple chips side by side--continue to progress, circuit patterns are becoming increasingly fine, and package sizes are growing. In response to these challenges, demand for panel-level packaging (PLP) using resin or glass substrates is expected to see continued growth. Performance Overview: Resolution 1.0mm L/S; Light Source Equivalent to i-line; Overlay Accuracy +-0.3mm; Supported Substrate Size; Square substrate: up to 600x600mm; Throughput 50 panels/hour (with 510x515mm substrate); Compatible with wafers and even larger substrates. Key Benefits: Combining High Resolution and Productivity: The DSP-100 integrates Nikon's high-resolution semiconductor lithography technology with the multi-lens technology; from its flat panel display (FPD) lithography systems. It delivers high resolution (1.0mm L/S), excellent overlay accuracy (+-0.3mm), and high productivity--up to 50 panels per hour using 510x515mm substrates.4 Nikon's proprietary technology exposes multiple projection lenses in an array and precisely controls them to produce the same effect as if a single giant lens were used. This enables patterning over a wider area with a single exposure. Unlike conventional lithography systems that require photomasks with circuit patterns, the DSP-100 uses aatial light modulator (SLM) to directly project circuit patterns onto substrates without the need for a photomask. This approach eliminates the size constraints of photomasks, provides greater flexibility for large, advanced packaging applications, and streamlines the development process--reducing both cost and lead time for customers. The DSP-100 supports exposure on large square substrates up to 600x600mm. For 100mm-square large packages, productivity per substrate is nine times higher than when utilizing 300mm wafers. Additionally, the system offers high-precision correction for substrate warpage and deformation, reducing production costs with maskless technology and minimizing maintenance costs with solid state light sources, supporting greener manufacturing.
お知らせ • Sep 11B&H Announces the Release of the Zr Cinema CameraB&H announced the release of the ZR Cinema Camera, a lightweight 6K full-frame camera that marks the first brand new hardware collaboration between Nikon and RED DIGITAL CINEMA. The ZR camera combines Nikon's precision AI-assisted autofocus and versatile Z-mount with RED's much lauded color science and cinema-ready functionality. Capable of recording up to 6K 60p in a new flavor of REDCODE RAW, as well as ProRes RAW, H.265, and a host of other formats, the Nikon ZR camera promises to bring high-level professional video functionality to a wider audience. With deeply integrated LUT support (including custom user LUTs), 7.5-stops of In-Body Image Stabilization (IBIS), and Dual Base ISOs of 640 and 5000 in REDCODE RAW, the ZR manages to pack in much more functionality than its compact 1.38 lb body may suggest. Other exciting video-focused features include shutter angle, vertical recording, Frame.io C2C integration, and the 4" touchscreen DCI-P3 flip-out monitor with 3.07mm dots and 1.07mm dots and 1000 nits of brightness. Also of note is the camera's ability to record audio in 32-bit float, a fan-less heat-dissipation system, three custom buttons on the top of the camera, and a lever control for power zoom lenses. The primary card slot is a CFExpress Type B, but there's also a microSD slot for smaller sized files, as the camera has many of the photo-centric features of the Nikon Z6 III.
お知らせ • May 08Nikon Corporation, Annual General Meeting, Jun 26, 2026Nikon Corporation, Annual General Meeting, Jun 26, 2026.
お知らせ • Apr 08Nikon Corporation to Report Fiscal Year 2026 Results on May 08, 2026Nikon Corporation announced that they will report fiscal year 2026 results on May 08, 2026
お知らせ • Jan 07Nikon Reveals NIKKOR Z 24-105Mm F4-7.1 Zoom Lens - Pre Order and More Info At B&H PhotoNikon has unveiled their latest zoom for the Z system. The Z 24-105mm f/4-7.1 is a flexible, carry-everywhere zoom designed with convenience in mind. At just 12.4oz, this is one of the lightest zooms of its caliber in Nikon's current line-up. The new Nikon Z 24-105mm f-105mm f/4.7.1 is a lightweight, everyday zoom lens for Nikon Z-mount mirrorless cameras that covers a broad, 24-105mm focal range. Designed for photographers and hybrid shooters who value portability without sacrificing versatility, this lens is ideal for travel, street, landscapes, portraits, and general walk-around use. At the wide end (24mm), it captures expansive scenes and environmental shots, while the 105mm telephoto reach brings subjects closer with minimal lens changes -- making it a true all-purpose option. As a variable-aperture zoom, its compact design helps keep overall size and weight down, providing convenient handling for daily shooting. With a stepping motor (STM) type drive that offers smooth focus transitions. Nikon has introduced a new addition to its Z-mount lineup: the Nikkor Z 24-105mm f /4-7.1, a versatile, everyday zoom built for convenience and portability, lens can be preordered at B&H Explora.
お知らせ • Dec 16Nikon Corporation to Report Q3, 2026 Results on Feb 05, 2026Nikon Corporation announced that they will report Q3, 2026 results on Feb 05, 2026
お知らせ • Oct 01Nikon Corporation Reaffirms the Availability of Its Digital Lithography System, Dsp-100Nikon Corporation is reaffirming the availability of its Digital Lithography System, DSP-100, with orders having commenced in July 2025. This system is specifically developed for advanced packaging applications, supporting large substrates up to 600mm square and delivering high resolution of 1.0mm (L/S2) and will be prominently featured during SEMICON West 2025. 1 micrometer (mm) is one-millionth of a meter (one-thousandth of a millimeter). 2 Abbreviation for Line and Space. Refers to the width of circuit lines and the spacing between adjacent patterns. With the widespread adoption of high-speed communication technologies such as the internet of things (IoT) andative artificial intelligence (AI), the volume of information processing is rapidly increasing, driving demand for high-performance semiconductor devices, especially in data centers. In addition, as advanced packaging technologies such as chiplets--that connect multiple chips side by side--continue to progress, circuit patterns are becoming increasingly fine, and package sizes are growing. In response to these challenges, demand for panel-level packaging (PLP) using resin or glass substrates is expected to see continued growth. Performance Overview: Resolution 1.0mm L/S; Light Source Equivalent to i-line; Overlay Accuracy +-0.3mm; Supported Substrate Size; Square substrate: up to 600x600mm; Throughput 50 panels/hour (with 510x515mm substrate); Compatible with wafers and even larger substrates. Key Benefits: Combining High Resolution and Productivity: The DSP-100 integrates Nikon's high-resolution semiconductor lithography technology with the multi-lens technology; from its flat panel display (FPD) lithography systems. It delivers high resolution (1.0mm L/S), excellent overlay accuracy (+-0.3mm), and high productivity--up to 50 panels per hour using 510x515mm substrates.4 Nikon's proprietary technology exposes multiple projection lenses in an array and precisely controls them to produce the same effect as if a single giant lens were used. This enables patterning over a wider area with a single exposure. Unlike conventional lithography systems that require photomasks with circuit patterns, the DSP-100 uses aatial light modulator (SLM) to directly project circuit patterns onto substrates without the need for a photomask. This approach eliminates the size constraints of photomasks, provides greater flexibility for large, advanced packaging applications, and streamlines the development process--reducing both cost and lead time for customers. The DSP-100 supports exposure on large square substrates up to 600x600mm. For 100mm-square large packages, productivity per substrate is nine times higher than when utilizing 300mm wafers. Additionally, the system offers high-precision correction for substrate warpage and deformation, reducing production costs with maskless technology and minimizing maintenance costs with solid state light sources, supporting greener manufacturing.
お知らせ • Sep 11B&H Announces the Release of the Zr Cinema CameraB&H announced the release of the ZR Cinema Camera, a lightweight 6K full-frame camera that marks the first brand new hardware collaboration between Nikon and RED DIGITAL CINEMA. The ZR camera combines Nikon's precision AI-assisted autofocus and versatile Z-mount with RED's much lauded color science and cinema-ready functionality. Capable of recording up to 6K 60p in a new flavor of REDCODE RAW, as well as ProRes RAW, H.265, and a host of other formats, the Nikon ZR camera promises to bring high-level professional video functionality to a wider audience. With deeply integrated LUT support (including custom user LUTs), 7.5-stops of In-Body Image Stabilization (IBIS), and Dual Base ISOs of 640 and 5000 in REDCODE RAW, the ZR manages to pack in much more functionality than its compact 1.38 lb body may suggest. Other exciting video-focused features include shutter angle, vertical recording, Frame.io C2C integration, and the 4" touchscreen DCI-P3 flip-out monitor with 3.07mm dots and 1.07mm dots and 1000 nits of brightness. Also of note is the camera's ability to record audio in 32-bit float, a fan-less heat-dissipation system, three custom buttons on the top of the camera, and a lever control for power zoom lenses. The primary card slot is a CFExpress Type B, but there's also a microSD slot for smaller sized files, as the camera has many of the photo-centric features of the Nikon Z6 III.
お知らせ • Jun 07Nikon Corporation to Report Q1, 2026 Results on Aug 07, 2025Nikon Corporation announced that they will report Q1, 2026 results on Aug 07, 2025
お知らせ • May 08Nikon Corporation, Annual General Meeting, Jun 27, 2025Nikon Corporation, Annual General Meeting, Jun 27, 2025.
お知らせ • Mar 11Nikon Corporation to Report Fiscal Year 2025 Results on May 08, 2025Nikon Corporation announced that they will report fiscal year 2025 results on May 08, 2025
Declared Dividend • Dec 30First half dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 28th March 2025 Payment date: 25th June 2025 Dividend yield will be 303%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (245% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • Dec 30High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Senior EVP, CTO, Deputy CFO, GM of Corporate Strategy & Director Yasuhiro Ohmura was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 10Nikon Corporation to Report Q3, 2025 Results on Feb 06, 2025Nikon Corporation announced that they will report Q3, 2025 results on Feb 06, 2025
New Risk • Nov 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 5.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (245% cash payout ratio). Profit margins are more than 30% lower than last year (3.6% net profit margin).
お知らせ • Nov 07+ 1 more updateNikon Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 2025Nikon Corporation revised consolidated earnings guidance for the fiscal year ending March 2025. For the year, the company expects revised revenue of JPY 725.0 billion, operating profit of JPY 22.0 billion and profit attributable to owners of parent of JPY 16.0 billion compared to previously expected revenue of JPY 750.0 billion, operating profit of JPY 35.0 billion and profit attributable to owners of parent of JPY 30.0 billion.
お知らせ • Nov 01Nikon Corporation (TSE:7731) announces an Equity Buyback for 30,000,000 shares, representing 8.65% for ¥30,000 million.Nikon Corporation (TSE:7731) announces a share repurchase program. Under the program, the company will repurchase up to 30,000,000 shares, representing 8.65% of its outstanding shares for ¥30,000 million. The purpose of the program is to strengthen shareholder returns and improve capital efficiency. The repurchased shares will be cancelled. The repurchase program will expire on March 24, 2025. As of September 30, 2024, the company had 346,649,924 shares outstanding (excluding treasury shares).
Valuation Update With 7 Day Price Move • Oct 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €10.79, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Consumer Durables industry in Europe. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.94 per share.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.6%).
お知らせ • Sep 10Nikon Corporation to Report Q2, 2025 Results on Nov 07, 2024Nikon Corporation announced that they will report Q2, 2025 results on Nov 07, 2024
Reported Earnings • Aug 09First quarter 2025 earnings released: EPS: JP¥7.95 (vs JP¥7.44 in 1Q 2024)First quarter 2025 results: EPS: JP¥7.95 (up from JP¥7.44 in 1Q 2024). Revenue: JP¥163.9b (up 3.6% from 1Q 2024). Net income: JP¥2.76b (up 6.9% from 1Q 2024). Profit margin: 1.7% (up from 1.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 08+ 1 more updateNikon Corporation Revises Consolidated Earnings Guidance for the First Half of Fiscal Year Ending March 2025Nikon Corporation revised consolidated earnings guidance for the first half of fiscal year ending March 2025. For the first half, the company expects revised revenue of JPY 346.0 billion, operating profit of JPY 7.0 billion and profit attributable to owners of parent of JPY 7.0 billion compared to previously expected revenue of JPY 350.0 billion, operating profit of JPY 11.0 billion and profit attributable to owners of parent of JPY 10.0 billion.
Declared Dividend • Jul 11Final dividend of JP¥25.00 announcedShareholders will receive a dividend of JP¥25.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 261%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • Jul 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Senior VP, GM of Office of the President & Director Yasuhiro Ohmura was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jun 28Full year 2024 earnings released: EPS: JP¥94.03 (vs JP¥125 in FY 2023)Full year 2024 results: EPS: JP¥94.03 (down from JP¥125 in FY 2023). Revenue: JP¥717.2b (up 14% from FY 2023). Net income: JP¥32.6b (down 28% from FY 2023). Profit margin: 4.5% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 13Nikon Corporation to Report Q1, 2025 Results on Aug 08, 2024Nikon Corporation announced that they will report Q1, 2025 results on Aug 08, 2024
お知らせ • May 11Nikon Corporation, Annual General Meeting, Jun 24, 2024Nikon Corporation, Annual General Meeting, Jun 24, 2024.
Reported Earnings • May 11Full year 2024 earnings released: EPS: JP¥94.03 (vs JP¥125 in FY 2023)Full year 2024 results: EPS: JP¥94.03 (down from JP¥125 in FY 2023). Revenue: JP¥717.2b (up 14% from FY 2023). Net income: JP¥32.6b (down 28% from FY 2023). Profit margin: 4.5% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • May 10+ 2 more updatesNikon Corporation Provides Dividend Guidance for the Year Ended March 31, 2025Nikon Corporation provided dividend guidance for the year ended March 31, 2025. For the year, the company expects to pay a dividend of JPY 30.00 per share.
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €10.58, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 10x in the Consumer Durables industry in Germany. Total returns to shareholders of 53% over the past three years.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.4%).
お知らせ • Mar 07Nikon Corporation to Report Fiscal Year 2024 Results on May 09, 2024Nikon Corporation announced that they will report fiscal year 2024 results on May 09, 2024
New Risk • Feb 08New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.3% Last year net profit margin: 7.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.3% net profit margin).
Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥43.79 (vs JP¥57.85 in 3Q 2023)Third quarter 2024 results: EPS: JP¥43.79 (down from JP¥57.85 in 3Q 2023). Revenue: JP¥197.6b (up 18% from 3Q 2023). Net income: JP¥15.2b (down 26% from 3Q 2023). Profit margin: 7.7% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 08Nikon Corporation Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2024Nikon Corporation revised consolidated earnings guidance for the full year ending March 31, 2024. For the year, the company revised revenue to JPY 705.0 billion from JPY 690.0 billion previous guidance, operating profit to be JPY 36.0 billion compared to previous guidance of JPY 34.0 billion and profit attributable to owners of parent to be JPY 27.0 billion compared to previous guidance of JPY 27.0 billion.
お知らせ • Dec 08Nikon Corporation to Report Q3, 2024 Results on Feb 08, 2024Nikon Corporation announced that they will report Q3, 2024 results on Feb 08, 2024
Reported Earnings • Nov 10Second quarter 2024 earnings released: EPS: JP¥20.86 (vs JP¥19.39 in 2Q 2023)Second quarter 2024 results: EPS: JP¥20.86 (up from JP¥19.39 in 2Q 2023). Revenue: JP¥173.2b (up 21% from 2Q 2023). Net income: JP¥7.23b (up 3.0% from 2Q 2023). Profit margin: 4.2% (down from 4.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 09+ 2 more updatesNikon Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31 2024Nikon Corporation provided dividend guidance for the fiscal year ending March 31 2024. For the year, the company expects to pay dividend of JPY 25.00 per share against JPY 25.00 per share paid a year ago.
お知らせ • Sep 27Nikon Announces NIKKOR Z 135mm F1.8 S Plena LensB&H announced the Nikon NIKKOR Z 135mm f/1.8 S Plena lens, a short-telephoto prime for its mirrorless Z system. This lens is designed as the quintessential portrait lens; it emphasizes accurate rendering, smooth bokeh, and high sharpness, along with a focal length that flatters subjects and allows for an ideal amount of subject- background separation. Introduced as "a new visual experience," Nikon has just announced the NIKKOR Z 135mm F1.8 S Plena lenses for its Z system. The Nikkor Z 135mm f/1.8 lens is called "Plenaty," which translates to " full." This concept relates to the advanced optics that help to achieve high resolution, consistent and even peripheral illumination, and especially round, well-controlled bokeh void of rings or fringing--all traits that makeup an ideal lens for portraiture. And, as an S-Line lens with Meso Amorphous and ARNEO Coats, the Plena offers Nikon's most controlled point-light reproduction, color rendering, and high anti-reflective qualities. Product Highlights: Full-Frame | f/1.8; Fast, Lightweight Telephoto Prime; Multi-Focus System; Round Bokeh from Edge to Edge; ED, SR, and Aspherical Elements; ARNEO and Meso Amorphous Coatings; Dust and Water-Resistant Design. This is a lens that will feel at home in a photographer's bag, but it's also a lens that has been optimized for video creators with internal focusing that inherently suppresses focus breathing and offers smooth, silent AF performance. Also, the 11-blade diaphragm uses an electro-magnetic mechanism for stable aperture changes. Physically, the lens is an evolution of S-Line lenses: it is dust and drip resistant and features a relatively lightweight, portable form factor, considering the focal length and large maximum aperture--it weighs just about 2.2 lb, has an 82mm filter diameter, and is evenly tapered for balanced handling.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥25.00 per share at 3.1% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.1%).
お知らせ • Sep 08Nikon Corporation to Report Q2, 2024 Results on Nov 09, 2023Nikon Corporation announced that they will report Q2, 2024 results on Nov 09, 2023
Buying Opportunity • Aug 17Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.4%. The fair value is estimated to be €11.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 33% in the next 2 years.
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €9.46, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.73 per share.
Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥7.44 (vs JP¥32.39 in 1Q 2023)First quarter 2024 results: EPS: JP¥7.44 (down from JP¥32.39 in 1Q 2023). Revenue: JP¥158.1b (up 8.6% from 1Q 2023). Net income: JP¥2.58b (down 78% from 1Q 2023). Profit margin: 1.6% (down from 8.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 09+ 1 more updateNikon Corporation Revises Earnings Guidance for the Full Year Ending March 31, 2024Nikon Corporation revised earnings guidance for the full year ending March 31, 2024. For the period, the company revised revenue to JPY 670.0 billion from JPY 665.0 billion previous guidance, operating profit to be JPY 43.0 billion compared to JPY 43.0 previous guidance and profit attributable to owners of parent to be JPY 35.0 billion compared to JPY 35.00 previous guidance.
お知らせ • Jun 23Nikon Announces NIKKOR Z 70-180mm f/1.8 and 180-600mm f/5.6-6.3 VR LensesB&H share Nikon's announcement of two expansive zoom lenses for Z series cameras: the NIKKOR Z 70-180mm f/2.8 and NIKKOR 180-600mm f/5.6-6.3 VR. The 70-180mm f/2.8 lens brings the benefits of a fast, constant aperture to a compact and relatively lightweight form. The Nikon Nikkor 180-600mm f/5.6-6.3 VR lens becomes the farthest-reaching zoom for Z series cameras to date. Together they form a telephoto kit with massive coverage, from portraits to events, wildlife, sports, and more. In addition to a versatile zoom range, the Nikon NIKKOR Z 70-180mm f/2.8 lens offers better low-light performance and subject-background separation than slower zooms. A minimum focusing distance ranging from 0.68 inches (wide) to 2.79 (tele) allow you to get up close and personal to subjects. When even more reach is needed, it can be paired with a 1.4x or 2x teleconverter to provide the equivalent of 252mm and 360mm maximum focal length, respectively. Videographers will appreciate suppressed focus breathing for smooth transitions when recording. Finally, measuring less than 6 inches in length and weighing 1.75 lb, it maintains a manageable form for handheld use and everyday carry. Nikon NIKKOR Z TM 180-600mm f/5.6-6.3 VR Lens: Key Features: Full-Frame | f/5.6 to 6.3; Super-Telephoto Zoom Lens; 5.5-Stop VR Image Stabilization; Programmable Control Ring; Customizable Function Buttons; Compatible with Z Teleconverters. Whether capturing a bear from a safe distance or tracking aircraft through the clouds, the 180-600mm f/5.6-6.3 VR is a powerful telephoto zoom. With only a 70-degree twist of the lens you can transition from location to maximum zoom for quick framing of moving subjects. Built-in vibration reduction offers 5.5 stops of stabilization for capturing fast-moving subject's handheld. Nikon NIKKOR Z 70-180mm f/2.8 Lens: Key Features: Full-Frame | f/2.8; Fast Telephoto Zoom; Compatible with Z Teleconverters; Lightweight and Compact Design. A quick-release tripod foot, strap eyelet, customizable control ring, and function buttons further streamline this lens for working in the field. Like the 70-180mm, it is compatible with 1.4x and 2x teleconverters to achieve the mammoth effect of 840mm and 1200mm focal lengths.
お知らせ • Jun 09Nikon Corporation to Report Q1, 2024 Results on Aug 08, 2023Nikon Corporation announced that they will report Q1, 2024 results on Aug 08, 2023
Buying Opportunity • May 29Now 20% undervaluedOver the last 90 days, the stock is up 9.2%. The fair value is estimated to be €12.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 89%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 6.0% per annum over the same time period.
Reported Earnings • May 14Full year 2023 earnings released: EPS: JP¥125 (vs JP¥116 in FY 2022)Full year 2023 results: EPS: JP¥125 (up from JP¥116 in FY 2022). Revenue: JP¥628.1b (up 16% from FY 2022). Net income: JP¥44.9b (up 5.3% from FY 2022). Profit margin: 7.2% (down from 7.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • May 11+ 3 more updatesNikon Corporation Provides Consolidated Earning Guidance for the Second Quarter Ending September 30, 2023, and for the Fiscal Year Ending March 31 2024Nikon Corporation provided consolidated earning guidance for the second quarter ending September 30, 2023, and for the fiscal year ending March 31 2024. For the second quarter ending September 2023, the company expects operating revenue of ¥335,000 million; operating profit of ¥20,000 million; profit attributable to owners of the parent of ¥17,000 million or ¥49.11 basic per share.For the fiscal year ending March 31 2024, the company expects operating revenue of ¥665,000 million; operating profit of ¥43,000 million; profit attributable to owners of the parent of ¥35,000 million or ¥101.11 basic per share.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.1%).
Reported Earnings • Feb 11Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: JP¥167.8b (up 26% from 3Q 2022). Net income: JP¥20.6b (up 63% from 3Q 2022). Profit margin: 12% (up from 9.5% in 3Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany.
お知らせ • Feb 09+ 1 more updateNikon Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Nikon Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company now expects revenue to be JPY 630,000 million, operating profit to be JPY 55,000 million, profit attributable to owners of parent to be JPY 42,000 million and basic earnings per share to be JPY 116.71 against revenue of JPY 645,000 million, operating profit of JPY 55,000 million, profit attributable to owners of parent of JPY 42,000 million and basic earnings per share of JPY 115.63 as previously forecasted.
お知らせ • Dec 10Nikon Corporation to Report Q3, 2023 Results on Feb 09, 2023Nikon Corporation announced that they will report Q3, 2023 results on Feb 09, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥19.39 (vs JP¥28.88 in 2Q 2022)Second quarter 2023 results: EPS: JP¥19.39 (down from JP¥28.88 in 2Q 2022). Revenue: JP¥142.7b (up 1.4% from 2Q 2022). Net income: JP¥7.02b (down 34% from 2Q 2022). Profit margin: 4.9% (down from 7.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Makoto Sumita was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Nov 12Second quarter 2023 earnings released: EPS: JP¥19.39 (vs JP¥28.88 in 2Q 2022)Second quarter 2023 results: EPS: JP¥19.39 (down from JP¥28.88 in 2Q 2022). Revenue: JP¥142.7b (up 1.4% from 2Q 2022). Net income: JP¥7.01b (down 34% from 2Q 2022). Profit margin: 4.9% (down from 7.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.9%).
Reported Earnings • Aug 05First quarter 2023 earnings released: EPS: JP¥32.39 (vs JP¥43.19 in 1Q 2022)First quarter 2023 results: EPS: JP¥32.39 (down from JP¥43.19 in 1Q 2022). Revenue: JP¥145.6b (up 10% from 1Q 2022). Net income: JP¥11.9b (down 25% from 1Q 2022). Profit margin: 8.1% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11%, compared to a 3.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • May 14Full year 2022 earnings released: EPS: JP¥116 (vs JP¥93.96 loss in FY 2021)Full year 2022 results: EPS: JP¥116 (up from JP¥93.96 loss in FY 2021). Revenue: JP¥539.6b (up 20% from FY 2021). Net income: JP¥42.7b (up JP¥77.2b from FY 2021). Profit margin: 7.9% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 8.1%, compared to a 7.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • May 13+ 2 more updatesNikon Corporation Announces Cash Dividend for the Year Ended March 31, 2022, Payable on June 30, 2022Nikon Corporation announced cash dividend of JPY 20.00 against JPY 10.00 a year ago. The dividend will be payable on June 30, 2022.
お知らせ • May 12Nikon Corporation, Annual General Meeting, Jun 29, 2022Nikon Corporation, Annual General Meeting, Jun 29, 2022.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent External Director Asako Yamagami was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 07Nikon Corporation (TSE:7731) announces an Equity Buyback for 36,000,000 shares, representing 9.79% for ¥30,000 million.Nikon Corporation (TSE:7731) announces a share repurchase program. Under the program, the company will repurchase up to 36,000,000 shares, representing 9.79% of its outstanding shares for ¥30,000 million. The purpose of the program is to enhance shareholder returns, while improving capital efficiency and ensuring a flexible capital policy. The repurchased shares will be cancelled. The repurchase program will expire on March 24, 2023. As of March 31, 2022, the company had 367,850,775 shares outstanding (excluding treasury shares) and 10,485,746 shares in treasury.
お知らせ • Apr 06Nikon Releases NIKKOR Z 800mm f6.3 VR S LensNikon released NIKKOR Z 800mm f/6.3 VR S lens. This super-telephoto prime is Nikon’s longest lens for its Z-mount mirrorless system and features a unique design that includes a Phase Fresnel element to dramatically cut the overall weight and size. NIKKOR Z 800mm f/6.3 VR S is a super-telephoto prime for Nikon’s Z mirrorless cameras. The distinct design is made possible by the inclusion of a Phase Fresnel element, which cuts the overall weight by 50% and the length by 16% compared to the former F-mount 800mm f/5.6 lens. With such a long focal length, this lens is ideal for birding, wildlife, and sports subjects—instances where need to get close to the action or isolate subjects from a distance. Compared to the previous Nikon 800mm f/5.6 lens, for F-mount SLR cameras, this updated Z-mount version has a revised optical design that includes a PF element to reduce the overall weight by 50% and the length by 16%, making for a super-tele prime that can feasibly be used handheld. Nikon NIKKOR Z 800mm f/6.3 VR S Lens features include: Z-Mount Lens/FX Format; Aperture Range: f/6.3 to f/32; PF Element, 50% Weight Reduction; SR and ED Elements; Nano Crystal Coat; Multi-Focus Stepping Motor AF System; Vibration Reduction Image Stabilization; Customizable Fn and Memory Set Buttons; Weather-Sealed Design, Fluorine Coating; Rotating Tripod Collar. The PF element also contributes to a marked reduction of various abnormalities and is combined with extra-low dispersion (ED) and short-wave refractive (SR) elements to virtually eliminate chromatic aberrations and color fringing for high clarity and color accuracy. A Nano Crystal Coat further improves on contrast by helping to suppress flare and ghosting for improved color accuracy in bright and backlit conditions. As a lens intended to be used on fast-shooting flagship cameras, like the Nikon Z9, this 800mm incorporates an advanced multi-focus system that uses stepping motors for quick, quiet, and responsive autofocus performance. Also, contributing to the idea of handheld use of the lens, a robust 5 stop-effective Vibration Reduction system helps curb the effects of camera shake and is compatible with Synchro VR, for 5.5 stops of image stabilization, when used on select Z cameras. In terms of build quality, the lens has a weather-sealed design with rubber gaskets to prevent the ingress of dust and moisture. Fluorine coatings are also featured on the exposed elements to repel dust and markings and make the elements easier to clean. The handling is intuitive, akin to the Z 400mm f/2.8, with a variety of dials, Fn buttons, a focus limiter switch, and a memory set button for easily adjusting settings without needing to take eye away from the viewfinder. The lens has a well-balanced design for stable panning when shooting atop a tripod or monopod using the rotating tripod mount and it is also compatible with the optional Z Teleconverters TC-1.4x and 2x to further extend the lens’s reach.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (2.3%).
Reported Earnings • Feb 04Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥34.34 (up from JP¥22.07 in 3Q 2021). Revenue: JP¥133.3b (down 12% from 3Q 2021). Net income: JP¥12.6b (up 56% from 3Q 2021). Profit margin: 9.5% (up from 5.4% in 3Q 2021). Revenue missed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 2.7%, compared to a 7.1% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 03+ 1 more updateNikon Corporation Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2022Nikon Corporation revised consolidated earnings guidance for the full year ending March 31, 2022. For the full year, the company expects revenue of JPY 550,000 million, operating profit of JPY 47,000 million, profit attributable to owners of parent of JPY 39,000 million. Basic earnings per share to be JPY 106.21.
Reported Earnings • Nov 05Second quarter 2022 earnings released: EPS JP¥28.88 (vs JP¥48.87 loss in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥140.8b (up 27% from 2Q 2021). Net income: JP¥10.6b (up JP¥28.5b from 2Q 2021). Profit margin: 7.5% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (2.2%).
お知らせ • Sep 14Nikon Launches Sleek, Versatile NIKKOR Z 40mm f/2 LensNikon Corporation announced the NIKKOR Z 40mm f/2, a versatile and compact prime lens for the mirrorless Z system. This lens straddles the wide-angle and normal-length fields of view and is characterized by its adaptability for use in a variety of shooting scenarios. Nikon NIKKOR Z 40mm f/2 Lens, Z-Mount Lens/FX Format Aperture Range: f/2 to f/16, Compact, Pancake Design. Equally at home on FX- or DX-format bodies, this sleek lens is wide enough for street shooting and landscapes but selective enough for portraiture and detail shooting, too. The bright f/2 maximum aperture also means it's capable in low-light conditions and can control depth of field for isolating subjects with selective focus. Additionally, a rounded 9-blade diaphragm contributes to a desirable smooth bokeh quality. As such a small and simple lens, there isn't too much to its physical design beyond a single programmable control ring, which can be set to adjust manual focus, aperture, or a variety of other camera settings. And, inside, there's a stepping AF motor that offers fast, smooth, and quiet autofocus performance with minimal focus breathing to suit both photo and video applications.
Reported Earnings • Aug 06First quarter 2022 earnings released: EPS JP¥43.19 (vs JP¥37.03 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥132.3b (up 104% from 1Q 2021). Net income: JP¥15.9b (up JP¥29.5b from 1Q 2021). Profit margin: 12% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 14Full year 2021 earnings released: JP¥93.96 loss per share (vs JP¥19.93 profit in FY 2020)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥451.2b (down 24% from FY 2020). Net loss: JP¥34.5b (down JP¥42.2b from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
お知らせ • May 14+ 2 more updatesNikon Corporation Provides Second Quarter End Cash Dividend Guidance of Year Ending March 31, 2022 and Year-End Cash Dividend Guidance of Year Ending March 31, 2022Nikon Corporation provided second quarter end cash dividend guidance of year ending March 31, 2022 and year-end cash dividend guidance of year ending March 31, 2022. For the second quarter end, the company expects to pay cash dividend of JPY 15.00 per share compared to JPY 10.00 per share paid a year ago. For the year ending March 31, 2022, the company expects to pay year-end cash dividend of JPY 15.00 per share compared to JPY 10.00 per share a year ago.
お知らせ • Apr 27Nikon Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ended March 31, 2021Nikon Corporation revised consolidated earnings guidance for the fiscal year ended March 31, 2021. For the year, the company expects revised revenue of JPY 451,000 million, operating loss of JPY 57,000 million, loss attributable to owners of the parent of JPY 35,000 million and basic earnings per share attributable to owners of the parent of JPY 95.33 compared to previously expected revenue of JPY 450,000 million, operating loss of JPY 65,000 million, loss attributable to owners of the parent of JPY 42,000 million and basic earnings per share attributable to owners of the parent of JPY 114.40.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (2.2%).
お知らせ • Mar 17Nikon Corporation to Report Fiscal Year 2021 Results on May 13, 2021Nikon Corporation announced that they will report fiscal year 2021 results on May 13, 2021
Is New 90 Day High Low • Feb 19New 90-day high: €7.40The company is up 35% from its price of €5.50 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.06 per share.
Analyst Estimate Surprise Post Earnings • Feb 06Revenue beats expectationsRevenue exceeded analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 1.9%, compared to a 7.2% growth forecast for the Consumer Durables industry in Germany.
Reported Earnings • Feb 06Third quarter 2021 earnings released: EPS JP¥22.07 (vs JP¥10.05 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥150.6b (down 1.8% from 3Q 2020). Net income: JP¥8.10b (up 109% from 3Q 2020). Profit margin: 5.4% (up from 2.5% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 29Nikon Corporation Revises Earnings Guidance for the Year Ending March 31, 2021Nikon Corporation revised earnings guidance for the year ending March 31, 2021. For the year, the company expects revenue of JPY 450,000 million, Operating loss of JPY 65,000 million, loss attributable to owners of the Parent of JPY 42,000 million, Basic loss per Share Attributable to Owners of the Parent of JPY 114.40 compared to the previous guidance revenue of JPY 430,000 million, Operating loss of JPY 75,000 million, loss attributable to owners of the Parent of JPY 50,000 million, Basic loss per share attributable to owners of the parent of JPY 136.19.
Is New 90 Day High Low • Jan 26New 90-day high: €6.90The company is up 34% from its price of €5.15 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.14 per share.
Is New 90 Day High Low • Jan 09New 90-day high: €5.95The company is up 10.0% from its price of €5.40 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.84 per share.
