Business Description

Nikon Corp. is involved in the manufacturing and sale of optical instruments. It operates in the following segments: Precision Equipment and Imaging Products, Healthcare, Industrial Metrology, and Others. The Precision Equipment segment includes products and services that are related to integrated circuits and liquid crystal display steppers. Imaging Products manufactures and sells imaging products, and peripherals, such as compact digital cameras, digital single-lens reflex cameras, interchangeable lens cameras, and compact digital cameras.

The Healthcare segment sells microscopes, measuring, and inspection equipment. The Industrial Metrology and Others segment cover glass, ophthalmic lenses, multi-turn absolute encoders, customized products, and other materials. Koyata Iwasaki founded the company on July 25, 1917. It is headquartered in Tokyo.

Key Financials

Revenue (US$ Mn)

• US$ 3,920 Mn was the annual revenue generated by Nikon Corporation in 2021
• Nikon Corporation’s annual revenue for 2020 was US$ 5,134 Mn, a -5.25% decrease from 2019
• From 2018’s annual revenues, Nikon Corporation registered a -17.26% decrease in 2019, amounting to US$ 5,419 Mn
• Total revenue of US$ 6,550 Mn was generated in 2018 by Nikon Corporation.

Operating Income(US$ Mn)

• Nikon Corporation’s operating income for 2021 was US$ 483 Mn, a 368.93% increase from 2020
• The operating income generated by Nikon Corporation in 2020 was US$ 103 Mn
• At a -91.9% decrease, Nikon Corporation’s operating income of US$ 62 Mn was indexed in 2019
• Nikon Corporation generated an operating income of US$ 764 Mn in 2018

Net Income(US$ Mn)

• Nikon Corporation’s net income for 2021 was US$ 300 Mn, a 348.5% increase from 2020
• The net income generated by Nikon Corporation in 2020 was US$ 67 Mn
• At a -88.53% decrease, Nikon Corporation’s net income of US$ 71 Mn was indexed in 2019
• Nikon Corporation generated a net income of US$ 615 Mn in 2018

Operating Margin %

• 12% was the operating margin generated by Nikon Corporation in 2021
• Nikon Corporation’s operating margin for 2020 was 2%, an 81.82% increase from 2019
• From 2018’s operating margins, Nikon Corporation registered a -90.6% decrease in 2019, amounting to 1%
• An operating margin of 12% was generated in 2018 by Nikon Corporation.

Gross Margin %

• Nikon Corporation’s gross margin for 2021 was 8%, a 484.62% increase from 2020
• The gross margin generated by Nikon Corporation in 2020 was 1%
• At a -86.02% decrease, Nikon Corporation’s gross margin of 1% was indexed in 2019
• Nikon Corporation generated a gross margin of 9% in 2018

SWOT Analysis

Strengths

Strong R&D Capabilities

Nikon’s strong in-house research & development (R&D), facilities are well supported. Research and development (R&D), which focuses on optical and precision measurement and manufacturing as well as image processing, material, and software technologies, is strong support for Nikon. Nikon established an R&D division. The R&D division of Nikon focuses on developing technologies for multiple business units. It also works on future technologies.

While the Production Technology division is focused on product engineering and production strategies, it has its own Production Technology division. The company’s R&D division is also specialized in the Imaging Business Unit. Nikon’s R&D Unit coordinates between its R&D facilities and another business unit to share technology in the company’s Technology Hub. In FY2019, the company spent JPY62.424 million on R&D initiatives, compared to JPY58.655 million for FY2018.

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