Report

PSA Precision: Does Nikon (7731 JT) Have an Out?

Nikon is likely to report an operating loss of ¥bil in FY20 as the firm has failed to keep pace with ASML in IC lithography and at the same time the digital camera market has imploded. Pelham Smithers discusses some promising signals that might improve the firm’s dire fortunes and he calls for some much-needed cost-cutting.
Underlying
Nikon Corp.

Nikon and its affiliates are mainly engaged in the manufacture and sale of precision and imaging products. Co.'s principal products include IC steppers, LCD steppers, digital SLR cameras, compact digital cameras, interchangeable camera lenses, microscopes, measuring instruments and inspection equipment, as well as retinal imaging products. Co. is also engaged in development of observation devices, including an IR1 infrared camera and an ultraviolet imager; the manufacture of solid-state lasers that emit a deep ultraviolet laser light with a 193-nanometer wavelength; the development and production of optical glass materials and ophthalmic lenses.

Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries. 

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012. 

Analysts
Pelham Smithers

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