Nikon Corporation (NYSE: NINOY) is a Japanese multinational company specializing in optics and imaging products. Founded in 1917 as Nippon Kogaku K.K. (Japan Optical Industries Corporation), Nikon has become a world leader in digital imaging, precision optics and photo imaging technology over its 100+ year history.
Nikon's main product lines include Nikkor camera lenses, digital SLR cameras, COOLPIX compact digital cameras, mirrorless cameras, film scanners, binoculars, microscopes, measurement instruments, and semiconductor manufacturing equipment. The company's Imaging Products business, which includes cameras and lenses, accounts for approximately 42% of Nikon's total revenue as of fiscal year 2023. Nikon is also the world's largest manufacturer of lithography systems called "steppers" used in semiconductor fabrication, holding a 44% market share in this segment.
In recent years, Nikon has focused on expanding its digital camera and lens offerings while also growing its precision equipment business for the semiconductor industry. The company has invested in new technologies like mirrorless cameras and has expanded distribution to mass market retailers. Nikon reported revenue of JPY 539.6 billion (approximately USD 4.0 billion) for fiscal year 2022, with the Imaging Products segment seeing 49.4% year-over-year growth. Looking ahead, Nikon aims to strengthen its business fundamentals and plans to invest JPY 100 billion by 2030 to develop production facilities supporting all of its business segments.
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