NIKON CORPORATION

The company applies optical utilization technology and precision technology as core technologies, developing them into "optical technology," "precision processing technology," "precision measurement technology," "image processing technology," and other areas, commercializing products across multiple fields including imaging, semiconductor lithography, healthcare, industrial measurement, and metal 3D printers. Research and development investment for FY2026 (ending March 2026) reached ¥77,195 million, and a system has been established in which the Technology Strategy Committee (chaired by the CTO) oversees priority investment areas from a medium- to long-term perspective.

The order backlog for the Precision Equipment Business at the end of FY2026 (ending March 2026) stood at ¥112,882 million (up 3.9% year on year), and market expansion has been achieved through the introduction of new products, including the "FX-88SL/SLD," the industry's first FPD Lithography System to adopt a UV-LED light source, and the start of orders for the Digital Lithography System for Semiconductor Back-End Process (DSP-100), "DSP-100." A patent license agreement with ASML and Carl Zeiss (through 2029) also underpins the technological foundation.

The Imaging Products Business posted revenue of ¥290,053 million, the largest among all segments, maintaining stable unit sales and sales value in the mid- to high-end Mirrorless Cameras (Z Series) and Interchangeable Lenses (NIKKOR Lenses) markets. In FY2026 (ending March 2026), the company launched the Digital Cinema Cameras (ZR Series), "ZR," developed through technological integration with RED Digital Cinema, Inc., marking a full-fledged entry into the professional video market. The Imaging Products Business continues to invest resources, with capital expenditure of ¥10,914 million and research and development investment of ¥24,012 million.

Nikon launched and began selling the Digital Cinema Camera "ZR," which combines technologies from Nikon and RED Digital Cinema, Inc. The company aims to develop the professional video market as a new pillar of revenue for the Imaging Products Business, diversifying earnings away from dependence on the mid- to high-end camera market. This is positioned as one of the priority investment areas under the new medium-term management plan (FY2026–FY2030 (ending March 2030)).

Nikon has begun taking orders for the "DSP-100," its first digital lithography system for semiconductor back-end processes. By expanding into back-end process products in addition to ArF immersion lithography systems, the company aims to broaden the market scope of the Precision Equipment Business and strengthen its ability to capture AI-related semiconductor demand. ArF immersion lithography and digital lithography are designated as priority investment areas in the new medium-term management plan.

The company continues to increase unit sales of large-format metal 3D printers through Nikon SLM Solutions AG (revenue up 20.3% year on year in FY2026 (ending March 2026)), capturing expanding demand in the defense and space domains, primarily in the United States. However, a large-scale impairment loss of ¥90,627 million was recorded in FY2026 (ending March 2026), making a fundamental improvement in the earnings structure a prerequisite. This area is positioned as a priority investment area in the new medium-term management plan, with management resources to be allocated while emphasizing the balance sheet and cash flow.

Under the new medium-term management plan covering FY2026 through FY2030 (ending March 2030), the company will concentrate management resources on three priority fields while emphasizing the balance sheet and cash flow. The aim is to enhance corporate value by balancing near-term earnings recovery with investment for long-term growth. For FY2027 (ending March 2027), the company forecasts revenue of ¥740,000 million, operating profit of ¥10,000 million, and an annual dividend of ¥20 (total payout ratio of 60% or more).