Nikon market cap is ¥424 b, and annual revenue was ¥451.22 b in FY 2021

Nikon Gross profit (Q1, 2022)60.4 B

Nikon Gross profit margin (Q1, 2022), %45.7%

Nikon Net income (Q1, 2022)15.8 B

Nikon EBIT (Q1, 2022)20 B

Nikon Cash, 30-Jun-2021347.3 B

Nikon EV215.1 B

Nikon revenue was ¥451.22 b in FY, 2021 which is a 23.7% year over year decrease from the previous period.

Nikon revenue breakdown by business segment: 41.0% from Precision Equipment, 33.3% from Imaging Products, 11.8% from Industrial Metrology and Others and 13.9% from Healthcare

Nikon revenue breakdown by geographic segment: 26.8% from China, 25.4% from United States, 16.1% from Japan, 15.8% from Europe and 15.8% from Other

JPY | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|

## Revenue | 708.7b | 591.0b | 451.2b |

| (1%) | (17%) | (24%) |

## Cost of goods sold | 405.3b | 369.0b | 295.3b |

## Gross profit | 303.4b | 222.0b | 155.9b |

| 43% | 38% | 35% |

## Sales and marketing expense | 30.0b | 19.9b | 12.0b |

## R&D expense | 62.4b | 61.1b | 58.8b |

## Operating expense total | 242.7b | 221.7b | 215.5b |

## Depreciation and amortization | 11.6b | 14.2b | 11.8b |

## EBIT | 82.7b | 6.8b | (56.2b) |

| 12% | 1% | (12%) |

## Interest expense | 1.5b | 1.7b | |

## Interest income | 3.0b | 2.3b | |

## Pre tax profit | 87.9b | 11.9b | (45.3b) |

## Income tax expense | 21.3b | 4.0b | (10.8b) |

## Net Income | 66.6b | 7.8b | (34.5b) |

## EPS | 167.3 | 19.9 | (94.0) |

JPY | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|

## Revenue | 143.0b | 148.1b | 153.4b | 64.7b | 110.9b | 150.6b | 132.3b |

## Cost of goods sold | 86.3b | 88.4b | 96.3b | 43.9b | 74.2b | 93.5b | 71.8b |

## Gross profit | 56.7b | 59.7b | 57.1b | 20.8b | 36.7b | 57.1b | 60.4b |

| 40% | 40% | 37% | 32% | 33% | 38% | 46% |

## Operating expense total | 52.2b | 51.9b | 53.8b | 42.2b | 64.0b | 47.7b | 43.7b |

## EBIT | 9.3b | 8.2b | 4.1b | (20.5b) | (26.1b) | 9.9b | 20.0b |

| 7% | 6% | 3% | (32%) | (24%) | 7% | 15% |

## Pre tax profit | 10.7b | 9.4b | 5.8b | (19.3b) | (19.6b) | 11.0b | 21.1b |

## Income tax expense | 2.5b | 1.3b | 1.9b | (5.7b) | (1.7b) | 2.9b | 5.3b |

## Net Income | 8.2b | 8.2b | 3.9b | (13.6b) | (17.9b) | 8.1b | 15.8b |

## EPS | 20.7 | 37.0 | 43.0 |

JPY | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|

## Cash | 411.1b | 324.0b | 351.8b |

## Accounts Receivable | 86.6b | 78.1b | |

## Inventories | 253.3b | 246.5b | 235.8b |

## Current Assets | 798.7b | 677.2b | 675.9b |

## PP&E | 116.1b | 106.4b | 86.2b |

## Goodwill | 24.1b | 20.6b | |

## Total Assets | 1.1t | 1.0t | 989.7b |

## Accounts Payable | 90.9b | 64.6b | |

## Short-term debt | 14.4b | 21.0b | 29.9b |

## Current Liabilities | 383.6b | 330.2b | 318.3b |

## Long-term debt | 112.0b | 102.8b | 104.1b |

## Non-Current Liabilities | 134.7b | 134.0b | 132.7b |

## Total Debt | 126.4b | 123.7b | 134.1b |

## Total Liabilities | 518.3b | 464.1b | 451.0b |

## Common Stock | 65.5b | 65.5b | 65.5b |

## Additional Paid-in Capital | 81.4b | 46.4b | 46.4b |

## Retained Earnings | 502.1b | 485.9b | 457.4b |

## Total Equity | 616.7b | 541.8b | 538.7b |

## Debt to Equity Ratio | 0.2 x | 0.2 x | 0.2 x |

## Debt to Assets Ratio | 0.1 x | 0.1 x | 0.1 x |

## Financial Leverage | 1.8 x | 1.9 x | 1.8 x |

JPY | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|

## Depreciation and Amortization | 27.8b | 34.1b | 28.0b |

## Accounts Receivable | (12.1b) | 25.8b | 17.3b |

## Inventories | (18.2b) | 1.0b | 13.1b |

## Accounts Payable | (18.7b) | (24.5b) | (9.6b) |

## Cash From Operating Activities | 68.9b | 16.4b | 5.0b |

## Purchases of PP&E | (20.8b) | (19.5b) | (17.0b) |

## Cash From Investing Activities | (25.3b) | (21.3b) | 18.0b |

## Short-term Borrowings | (50.0m) | (2.2b) | |

## Long-term Borrowings | (7.2b) | (17.4b) | |

## Dividends Paid | (20.7b) | (23.6b) | (7.4b) |

## Cash From Financing Activities | (21.6b) | (72.7b) | (5.0b) |

## Net Change in Cash | 22.6b | (87.0b) | 27.8b |

## Interest Paid | 1.4b | 1.7b | 1.3b |

## Income Taxes Paid | 19.7b | 15.1b | 5.8b |

JPY | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|

## Depreciation and Amortization | 8.3k | 16.8b | 25.4b | 7.4b | 14.7b | 21.0b | 6.1b |

## Accounts Receivable | 21.8k | 29.3b | 16.6b | 14.7b | 10.0b | 9.3b | 820.0m |

## Inventories | (13.4k) | (21.3b) | (15.9b) | (24.3b) | (16.5b) | 418.0m | 2.8b |

## Accounts Payable | (12.0k) | (15.5b) | (21.0b) | (8.2b) | (14.9b) | (11.8b) | (5.7b) |

## Cash From Operating Activities | 3.4k | 18.9b | 20.1b | (22.7b) | (13.3b) | 11.6b | 949.0m |

## Purchases of PP&E | (5.2k) | (10.2b) | (14.7b) | (2.9b) | (6.6b) | (12.2b) | (3.5b) |

## Cash From Investing Activities | (4.2k) | (15.1b) | (15.4b) | 4.5b | 1.2b | (1.1b) | (3.8b) |

## Short-term Borrowings | (2.2k) | (2.2b) | (2.2b) | 4.4b | |||

## Long-term Borrowings | (1.7k) | (3.5b) | (5.5b) | (1.8b) | (3.7b) | (5.5b) | (2.6b) |

## Dividends Paid | (11.6k) | (11.9b) | (23.3b) | (3.6b) | (3.7b) | (7.3b) | (3.6b) |

## Cash From Financing Activities | (25.6k) | (27.7b) | (55.1b) | (5.4b) | (7.4b) | 7.0b | (1.8b) |

## Net Change in Cash | (30.9k) | (31.8b) | (54.2b) | (22.7b) | (20.2b) | 18.4b | (4.4b) |

## Interest Paid | 100.0 | 900.0m | 992.0m | 73.0m | 717.0m | 781.0m | 423.0m |

## Income Taxes Paid | 7.2k | 8.6b | 14.2b | 1.2b | 67.0m | 1.8b | 1.3b |

JPY | FY, 2019 |
---|---|

## Revenue/Employee | 33.9m |

## Debt/Equity | 0.2 x |

## Debt/Assets | 0.1 x |

## Financial Leverage | 1.8 x |

FY, 2021 | FY, 2020 | FY, 2019 | FY, 2018 | |
---|---|---|---|---|

Precision Equipment | 18.7% | 16.8% | 15% | 14.7% |

Industrial Metrology and Others | 26.6% | 25% | 24% | 24.1% |

Imaging Products | 42.6% | 46.4% | 49.7% | 50.5% |

Healthcare | 9% | 8.3% | 8% | 7.6% |

Other | 3.1% | 3.4% | 3.3% | 3.2% |

- Source: craft.co, uploads1.craft.co

FY, 2020 | FY, 2019 | FY, 2018 | |
---|---|---|---|

Female (Management), percent | 7.4% | 6% | 5.4% |

Male, percent | 30.4% | 29.5% | 24.7% |

Male (Management), percent | 42.6% | 44% | 36.1% |

Female, percent | 19.6% | 20.5% | 16.8% |

- Source: craft.co, uploads1.craft.co