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Nikon (7731) · FactAdvancedLatest Earnings presentation (2026-05-08): "Worsened"

Expanding sales of FPD exposure systems for small- and medium-sized panels in China

First written in FY2017-Q1. 11 of 30 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-05-08.

30entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2018-Q3 – FY2019AdvancedFY2025-H12016: 220162017: 420172018: 420182019: 420192020: 420202021: 420212022: 220222023: 320232024: 120242025: 020252026: 2
Same theme, other companies
Demand fluctuations for exposure and display manufacturing equipmentA theme 19 companies write about · 10 as a headwind · 12 as a tailwind

Nikon moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).

The whole theme swung hardest in 2025: 5 of 14 companies on the "Worse" side.

3 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 19 companies compared. The sentences above are computed from all 19.
Full recordFilings, disclosures and news, newest first
  1. FY2025-H1AdvancedAnnual report

    「In the Precision Equipment Business, unit sales of equipment for both small- and medium-sized panels and large panels increased in the FPD exposure equipment sector, resulting in higher revenue and profit.」

    FPD exposure equipment sales volumes increased for both small- and medium-sized-panel and large-panel applications, resulting in higher revenue and profit.
  2. FY2024-Q2RestatedAnnual report

    「In the Precision Equipment Business, unit sales of equipment for both small- and medium-sized panels and large panels declined in the FPD exposure equipment sector.」

    The decline in FPD exposure equipment sales volumes continued for both large-panel and small- and medium-sized-panel applications.
  3. FY2023WorsenedAnnual report

    「In the FPD exposure equipment sector, unit sales of equipment for both small- and medium-sized panels and large panels declined, resulting in lower revenue and profit.」

    Equipment sales volumes declined for both large-panel and small- and medium-sized-panel applications, resulting in lower revenue and profit for the full fiscal year despite the FPD exposure equipment sales expansion theme.
  4. FY2023-Q3RestatedAnnual report

    「In the Precision Equipment Business, unit sales of equipment for both small- and medium-sized panels and large panels declined in the FPD exposure equipment sector, resulting in lower revenue and profit.」

    The decline in equipment sales volumes for both large-panel and small- and medium-sized-panel applications continued, resulting in lower revenue and profit.
  5. FY2023-Q2WorsenedAnnual report

    「In the FPD exposure equipment sector, unit sales of equipment for both small- and medium-sized panels and large panels declined, resulting in lower revenue and profit.」

    Equipment sales volumes declined for both large-panel and small- and medium-sized-panel applications, resulting in deterioration in the FPD exposure equipment sales expansion theme through lower revenue and profit.
  6. FY2022-Q3AdvancedAnnual report

    「In the Precision Equipment Business, installation work in the FPD exposure equipment sector progressed smoothly despite the impact of travel restrictions associated with the spread of COVID-19. Unit sales increased for both large-panel and small- and medium-sized-panel equipment, resulting in higher revenue and profit for the cumulative third-quarter period.」

    Despite the continuing impact of travel restrictions, installation work progressed smoothly, and unit sales increased for both large-panel and small- and medium-sized-panel equipment, resulting in higher revenue and profit.
  7. FY2022-Q2MitigatedAnnual report

    「In the FPD exposure equipment field, installation work progressed smoothly despite the effects of travel restrictions associated with the spread of COVID-19, and revenue and profit increased substantially compared with the same period of the previous year, when only a limited number of units could be installed.」

    Installation work progressed smoothly despite travel restrictions, improving from the sales and installation constraints of the prior-year period to substantially higher revenue and profit.
  8. FY2022-Q1MitigatedAnnual report

    「In the FPD exposure equipment field of the Precision Equipment business, installation work progressed smoothly despite the effects of travel restrictions associated with the spread of COVID-19. As equipment could not be sold in the same period of the previous year, the business recorded substantial increases in revenue and profit.」

    Although sales and installation constraints due to travel restrictions remained for FPD exposure equipment, installation work progressed smoothly, resulting in substantially higher revenue and profit year on year.
  9. FY2021WorsenedAnnual report

    「In the FPD exposure equipment sector, installation work resumed in July 2020, and overall unit sales increased. However, sales volumes of equipment compatible with Gen 10.5 plate sizes declined due to the impact of travel restrictions and other factors associated with the spread of COVID-19, resulting in lower revenue and profit.」

    Although installation work resumed, sales volumes of equipment for large panels declined due to travel restrictions and other factors, resulting in lower revenue and profit in the FPD exposure equipment sector.
  10. FY2021-Q3RestatedAnnual report

    「In the FPD exposure equipment sector, installation work resumed in July, and unit sales increased year on year in the third quarter of the current consolidated fiscal year. However, for the cumulative third-quarter period, unit sales declined due to the impact of travel restrictions and other factors associated with the spread of COVID-19, resulting in lower revenue and profit.」

    Installation work resumed in July, and third-quarter unit sales increased year on year, but on a cumulative basis, the decline in unit sales and lower revenue and profit continued due to the impact of travel restrictions.
  11. FY2021-Q2WorsenedAnnual report

    「In the FPD exposure equipment sector, installation work resumed in July, but the number of units installed was limited due to the impact of travel restrictions and other factors associated with the spread of COVID-19. As a result, equipment sales volumes declined, resulting in lower revenue and profit.」

    Installation work resumed in July, but the number of installations was limited by travel restrictions and other factors, leading to lower FPD exposure equipment sales volumes and lower revenue and profit.
  12. FY2021-Q1WorsenedAnnual report

    「In the FPD exposure equipment field of the Precision Equipment business, the company was unable to sell equipment due to the effects of travel restrictions and other measures associated with the spread of COVID-19.」

    Despite investment activity in equipment for large panels, travel restrictions and other factors prevented the sale of FPD exposure equipment, adding adverse factors to the previous sales expansion theme.
  13. FY2020WorsenedAnnual report

    「In the FPD exposure equipment sector, sales of equipment compatible with Gen 10.5 plate sizes remained solid, but overall unit sales declined. In addition, some equipment sales were deferred to the following period due to the spread of COVID-19, resulting in substantially lower revenue and profit.」

    Sales of equipment for large panels remained solid, but overall FPD exposure equipment sales volumes declined, and deferrals of sales due to the pandemic resulted in substantially lower revenue and profit.
  14. FY2020-Q3RestatedAnnual report

    「In the Precision Equipment Business, sales volumes of equipment compatible with Gen 10.5 plate sizes increased in the FPD exposure equipment sector, but overall unit sales declined, resulting in lower revenue and profit.」

    Although unit sales of Gen 10.5-compatible equipment increased, the decline in overall FPD exposure equipment sales volumes and lower revenue and profit continued.
  15. FY2020-Q2WorsenedAnnual report

    「In the FPD exposure systems field, sales of systems compatible with Generation 10.5 plate sizes increased, but overall unit sales declined, resulting in lower revenue and profit.」

    Sales of Gen 10.5-compatible equipment increased, but overall unit sales of FPD exposure equipment declined, resulting in lower revenue and profit. Overall sales have yet to expand even after demand for small- and medium-sized panels levelled off.
  16. FY2020-Q1WorsenedAnnual report

    「The FPD exposure systems field reported lower revenue and profit due to a decline in unit sales.」

    Although capital investment in large panels remained firm, total FPD exposure system unit sales declined, resulting in lower revenue and profit and a reversal of the previous trend of expanding sales.
  17. FY2019AdvancedAnnual report

    「In the FPD exposure systems field, sales of systems for small- and medium-sized panels declined, but sales of systems for large panels increased, resulting in substantial increases in revenue and profit.」

    Although sales for small- and medium-sized panels declined, expanded sales of systems for large panels resulted in substantial increases in revenue and profit in the FPD exposure systems field.
  18. FY2019-Q3AdvancedAnnual report

    「In the FPD exposure systems field, sales of systems for small- and medium-sized panels declined, but sales of systems for large panels increased, resulting in substantial increases in revenue and profit.」

    Although sales of systems for small- and medium-sized panels declined, sales of systems for large panels increased, resulting in substantial increases in revenue and profit in the FPD exposure systems field.
  19. FY2019-Q2AdvancedAnnual report

    「In the FPD exposure systems field, sales of systems for small- and medium-sized panels declined, while sales of systems for large panels, including the FX-103S compatible with Generation 10.5 plate sizes and the FX-86S2 compatible with Generation 8 plate sizes, increased, resulting in substantial increases in revenue and profit.」

    Although sales of systems for small- and medium-sized panels declined, sales of systems for large panels, including the FX-103S and FX-86S2, increased, resulting in substantial increases in revenue and profit in the FPD exposure systems field.
  20. FY2019-Q1AdvancedAnnual report

    「In the FPD exposure systems field, although sales of systems for small- and medium-sized panels declined, sales of systems for large panels, including those compatible with Generation 10.5 plate sizes, increased, resulting in higher revenue and profit.」

    Although sales of systems for small- and medium-sized panels continued to decline, sales of systems for large panels, including Generation 10.5-compatible systems, increased, resulting in higher revenue and profit in the FPD exposure systems field.
  21. FY2018AdvancedAnnual report

    「In the FPD exposure systems field, revenue and profit declined due to lower sales of systems for small- and medium-sized panels, but the company announced in February 2018 the FX-103S, a system compatible with the Generation 10.5 plate size and suited to the mass production of LCD and OLED panels for 4K televisions and the 8K televisions expected to become more widespread, and sold it as planned.」

    Despite lower sales for small- and medium-sized panels, the FX-103S compatible with Generation 10.5 was announced in February 2018 and sold as planned.
  22. FY2018-Q3AdvancedAnnual report

    「In the Precision Equipment business, the FPD exposure systems field reported lower revenue and profit due to a decline in sales of systems for small- and medium-sized panels, but sold the first system for extra-large panels compatible with the Generation 10.5 plate size as planned.」

    Although sales of systems for small- and medium-sized panels declined, concrete progress was made with the planned sale of the first system for extra-large panels compatible with Generation 10.5.
  23. FY2018-Q2RestatedAnnual report

    「In the FPD exposure systems field, sales of the FX-86S2, which supports the production of high-definition large panels, increased, but revenue declined due to a decrease in sales of systems for small- and medium-sized panels.」

    Although sales of the FX-86S2 for large panels increased, the FPD exposure systems field reported lower revenue as sales of systems for small- and medium-sized panels continued to decline.
  24. FY2018-Q1WorsenedAnnual report

    「The FPD exposure systems field reported lower revenue and profit due to a decline in sales of systems for small- and medium-sized panels.」

    Although sales for small- and medium-sized panels in China had continued to expand through the previous fiscal year, the first quarter saw lower revenue and profit due to a decline in sales of systems for these panels.
  25. FY2017AdvancedAnnual report

    「In the FPD exposure systems field, buoyant capital investment by manufacturers, centered on the Chinese market, led to a substantial increase in sales of the FX-66S2 and FX-67S2, which are suited to producing small- and medium-sized panels for smartphones and tablet devices. The latest system, the FX-68S, launched in March 2016, also secured orders steadily and contributed to sales. As a result, total unit sales, including systems for large panels, doubled year on year.」

    Against a backdrop of demand for small- and medium-sized panels in China, sales and orders for the FX-66S2, FX-67S2 and FX-68S progressed, and total FPD system unit sales doubled year on year.
  26. FY2017-Q3AdvancedAnnual report

    「In the FPD exposure systems field, buoyant capital investment in small- and medium-sized panels, centered on the Chinese market, led to a substantial year-on-year increase in the number of systems sold for these panels.」

    Against a backdrop of demand for small- and medium-sized panels, centered on China, the number of FPD exposure systems sold increased substantially year on year.
  27. FY2017-Q2AdvancedAnnual report

    「Against a backdrop of strong capital investment in small- and medium-sized panels, particularly in the Chinese market, sales of the FX-66S and FX-67S, which are suited to producing high-definition small- and medium-sized panels for smartphones and tablet devices, increased substantially. The latest system, the FX-68S, launched in March this year, also secured orders steadily.」

    Against a backdrop of demand for small- and medium-sized panels in China, sales of the FX-66S and FX-67S increased, and the FX-68S also secured orders.
  28. FY2017-Q1First statedAnnual report

    「In the Precision Equipment business, revenue declined in the semiconductor exposure systems field, but in the FPD exposure systems field, the number of systems sold increased substantially year on year, particularly for small- and medium-sized panels, against a backdrop of increased capital investment in China. As a result, the business as a whole generated substantial increases in revenue and profit year on year.」

    This quarter's business performance shows that the number of FPD exposure systems sold for small- and medium-sized panels increased substantially year on year against a backdrop of increased capital investment in China.
Moved together

"Declining profitability and impairment in the semiconductor equipment business" moved the same way as this thread, in the same document, in 13 of its 30 moves.

131210998★123456
  1. ★This thread
  2. 1Declining profitability and impairment in the semiconductor equipment business13×
  3. 2Upfront investment burden for new medical-related businesses12×
  4. 3Development of next-generation products, including lithography systems and imaging products10×
  5. 4Emphasis on profitability and review of the development and production structure in the semiconductor equipment business9×
  6. 5Increasing the Value Added and Platformization of the Imaging Business9×
  7. 6Shrinking digital camera market and declining profitability in the Imaging Products Business8×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Nikon's next results are scheduled for 2026-11-05. Read the earnings preview It last moved in the Earnings presentation of 2026-05-08: "Worsened".
News
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