Nikon (TSE: 7731) traded at approximately ¥1,650 per share in early 2026, equivalent to roughly $11 USD. The stock has recovered from decade lows below ¥700 reached in 2020 but remains well below its 2007 peak above ¥5,000. The mirrorless camera recovery and growing semiconductor equipment orders have supported a gradual rerating since 2022.
Stock Price of Nikon
TSE share price (JPY) — ticker 7731. Data from the 1949 listing through early 2026. The 2007 peak reflects the digital camera boom; the decade-long decline tracks the smartphone disruption of compact imaging.
Nikon Stock Forecast
Analyst views on Nikon are cautiously constructive for 2026. TSE-listed price targets cluster between ¥1,700 and ¥2,200, with the upside case anchored on continued Z-series market share gains, stronger semiconductor lithography orders, and healthcare imaging growth. The primary risk is renewed margin pressure if mirrorless pricing weakens. Nikon trades at a discount to Canon, which analysts generally see as better positioned in the mirrorless transition.
Nikon Valuation
Timeline of Nikon Funding
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1917
Founding Merger / Imperial InvestmentThree optical manufacturers merge under Imperial Japanese government backing to form Nippon Kogaku K.K., with initial capitalization directed toward producing military-grade binoculars, periscopes, and optical glass.
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1949
Tokyo Stock Exchange ListingNippon Kogaku K.K. lists on the reconstituted Tokyo Stock Exchange in the post-war era, raising public equity capital that funds camera development and initial export expansion to the United States.
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1988
Corporate RebrandThe company renames itself Nikon Corporation, consolidating its global brand identity and redirecting capital toward consumer camera growth as the company enters the 35mm SLR market's peak era.
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2016
Restructuring ProgramNikon launches a company-wide restructuring, closing its Wuxi China factory and cutting over 2,500 jobs, funded through internal reserves to reduce fixed costs amid the accelerating compact camera market contraction.
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2022
Share Buyback ProgramNikon announces a ¥30 billion share repurchase program as improving profitability generates surplus cash, signaling management's confidence in the mirrorless recovery and willingness to return capital to shareholders.