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Nikon (NINOY) AI Stock Analysis
Nikon
(Other OTC:NINOY)
The score is held down primarily by deteriorating financial performance: a sharp swing into losses, negative margins, and weak/negative free cash flow despite strong revenue growth and only moderate leverage. Technical indicators are broadly neutral with slightly weak near-term momentum, while valuation is mixed due to a negative P/E (loss-making) partially offset by a modest dividend yield.
Nikon (NINOY) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $3.51B
- Dividend Yield
- 1.27%
- Average Volume (3M)
- 1,396
- Price to Earnings (P/E)
- -5.7
- Beta (1Y)
- 0.41
- Revenue Growth
- -6.62%
- EPS Growth
- -808.36%
- Country
- US
- Employees
- 19,928
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Leisure
Nikon Business Overview & Revenue Model
Company Description
Established in Tokyo, Japan, in 1917, Nikon Corporation is a global leader in the production and distribution of precision optical instruments. Its global presence covers Japan, North America, Europe, China, Thailand, and various other international...
How the Company Makes Money
Nikon makes money primarily by selling imaging and optical products and related services. A major revenue stream comes from its Imaging Products business, which includes sales of interchangeable-lens cameras (e.g., mirrorless and DSLR bodies), NIKKOR...
Nikon Earnings Call Summary
The earnings call presented a mixed outlook. While there were positive developments in imaging products and expectations for future profitability improvements, significant challenges in semiconductor-related business and operating losses in some segments led to a notable profit shortfall. Despite a positive outlook for the upcoming fiscal year, the overall sentiment is impacted by missed targets and restructuring challenges.
Q4-2025 Updates
Positive Updates
Negative Updates
Company Guidance
During the fiscal year ended March 31, 2025, Nikon reported revenue of ¥715.2 billion, with an operating profit of ¥2.4 billion and a profit attributable to owners of the parent of ¥6.1 billion. Despite growth in imaging products and healthcare sectors, overall revenue slightly declined due to reduced sales in semiconductor-related businesses and precision equipment. The company faced a ¥27.2 billion one-time cost that significantly impacted profits. For FY 2026, Nikon forecasts revenue of ¥710 billion, operating profit of ¥36 billion, and a profit attributable to owners of ¥30 billion, expecting growth in components and digital manufacturing segments. The company aims to improve profitability by eliminating last year's one-time costs and leveraging gains from the sale of idle assets. They have revised dividend projections to ¥50 per share and plan a 54.8% shareholder return ratio for the current fiscal year. Nikon is also focused on long-term growth investments, particularly in professional video cameras, next-generation lithography, and metal additive processing, targeting a revenue of ¥1 trillion and a 10% operating margin by FY 2030.
Nikon Financial Statement Overview
Summary
Financial performance is weak overall. Despite strong TTM revenue growth (+31.21%), profitability has turned negative (TTM net margin -13.8% and negative operating margin) with a large net loss in 2026. The balance sheet is comparatively stable with moderate leverage (debt-to-equity ~0.37), but returns are negative (ROE negative), and cash flow quality is pressured with negative TTM free cash flow and negative operating/free cash flow in 2026.
Income Statement
28NegativeBalance Sheet
62PositiveCash Flow
34Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 694.72B | 718.00B | 715.28B | 717.25B | 628.11B | 539.61B |
| Gross Profit | 279.23B | 270.69B | 311.97B | 310.05B | 277.73B | 225.97B |
| EBITDA | -56.02B | 32.97B | 55.72B | 77.73B | 86.83B | 71.01B |
| Net Income | -95.97B | -91.28B | 6.12B | 32.57B | 44.94B | 42.68B |
Balance Sheet | ||||||
| Total Assets | 1.09T | 1.08T | 1.11T | 1.15T | 1.05T | 1.04T |
| Cash, Cash Equivalents and Short-Term Investments | 156.02B | 158.72B | 166.71B | 222.55B | 212.58B | 370.28B |
| Total Debt | 217.97B | 220.91B | 193.57B | 166.71B | 134.02B | 130.06B |
| Total Liabilities | 499.06B | 488.92B | 471.29B | 462.02B | 431.92B | 439.60B |
| Stockholders Equity | 589.44B | 589.33B | 637.98B | 683.79B | 614.97B | 597.68B |
Cash Flow | ||||||
| Free Cash Flow | -24.40B | -43.45B | -21.40B | -24.45B | -33.01B | 7.53B |
| Operating Cash Flow | 12.09B | -4.71B | 48.26B | 30.77B | 15.00M | 31.35B |
| Investing Cash Flow | -13.78B | -13.36B | -69.99B | -41.41B | -112.15B | -385.00M |
| Financing Cash Flow | -19.36B | 909.74M | -19.81B | -8.94B | -56.21B | -26.15B |
Nikon Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NINOY, the sentiment is Negative. The current price of 10.37 is below the 20-day moving average (MA) of 11.36, below the 50-day MA of 11.60, and below the 200-day MA of 12.27, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 31.58 is Neutral, neither overbought nor oversold. The STOCH value of 39.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NINOY.
Nikon Peers Comparison
Overall Rating
CALY67Neutral
AOUT64Neutral
CLAR57Neutral
JOUT56Neutral
GOLF51Neutral- NINOY48Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| CALY | 67Neutral | $2.71B | 30.94 | 3.97% | 8.05% | -37.17% | 84.41% |
| AOUT | 64Neutral | $228.70M | -58.40 | -2.35% | ― | -5.84% | 13.11% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| CLAR | 57Neutral | $169.62M | -5.39 | -15.46% | 2.26% | -0.10% | 61.92% |
| JOUT | 56Neutral | $473.60M | -58.55 | -1.90% | 2.89% | 17.49% | 82.16% |
| GOLF | 51Neutral | $4.98B | 23.17 | 25.98% | 1.17% | 8.77% | -2.02% |
| NINOY | 48Neutral | $3.24B | -5.70 | -15.65% | 1.27% | -6.62% | -808.36% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| NINOY | Nikon Corporation | 10.37 | -1.32 | -11.29% | |
| CLAR | Clarus Corp | 4.43 | 1.19 | 36.64% | |
| CALY | Callaway Golf Company | 15.16 | 6.21 | 69.39% | |
| GOLF | Acushnet Holdings | 85.26 | 9.73 | 12.89% | |
| JOUT | Johnson Outdoors | 45.67 | 6.62 | 16.95% | |
| AOUT | American Outdoor Brands, Inc. | 18.12 | 11.32 | 166.47% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 10, 2026