Nikon reported net sales of approximately ¥827 billion ($5.5 billion USD) for fiscal year 2024, up modestly year over year. The Imaging Products division — driven by Z-series mirrorless cameras and NIKKOR lenses — remains the largest revenue segment, though Precision Equipment (semiconductor lithography systems) and Healthcare divisions have grown as strategic counterweights to declining compact camera volume.
Nikon Revenue
Annual revenue in USD equivalent from the post-war consumer era through FY2024. JPY/USD at approximate annual average rates. The 2008–2013 peak reflects the DSLR boom before smartphone cameras accelerated compact camera market collapse.
Nikon Annual Revenue
| Fiscal Year | Revenue (USD equiv.) | YoY Change |
|---|---|---|
| FY2015 | $9.8B | — |
| FY2016 | $7.4B | −24.5% |
| FY2017 | $6.6B | −10.8% |
| FY2018 | $6.8B | +3.0% |
| FY2019 | $6.5B | −4.4% |
| FY2020 | $5.2B | −20.0% |
| FY2021 | $4.8B | −7.7% |
| FY2022 | $5.0B | +4.2% |
| FY2023 | $5.2B | +4.0% |
| FY2024 | $5.5B | +5.8% |
Note: Nikon's fiscal year ends in March. Revenue figures are converted from JPY at approximate annual average exchange rates. The sharp FY2016–FY2017 declines reflect the collapse of the compact camera market as smartphone cameras made entry-level digital cameras obsolete.