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Nikon Corporation

7731.TConsumer CyclicalTSE

Leisure

PriceMA150MA200
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Financials · Annual
Revenue
$715.28B
-0.3% YoY
Net Income
$6.12B
-81.2% YoY
EBITDA
$55.72B
-35.3% YoY
Free Cash Flow
-$61.77B

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About Nikon Corporation

Headquartered within the consumer cyclical sector, Nikon Corporation focuses on Leisure services and products. Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. With a market capitalization of $607.60B, it sits in mega-cap territory. The company operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Digital Manufacturing Business segments.

Key stats
Market Cap$607.60B
Fwd P/E17.42
EPS$-261.55
Beta0.16
52W Change+31.3%
Dividend Yield1.08%
ROE-14.0%
Analysis

Nikon Corporation carries $219.96B in total debt against $158.04B in cash reserves — debt is modestly above the cash position. Managing this leverage effectively will be important for long-term financial stability. The company is burning cash, with free cash flow at -$61.77B. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -14.0% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $539.61B (2022) to $715.28B (2025), reflecting a 33% increase over the period.

With a beta below 0.7, Nikon Corporation typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Nikon Corporation's trajectory.

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