I've just looked on line into Nikon and found this:
"Nikon has been exceptionally quiet through the first half of 2026 because the company is navigating severe financial headwinds, integrating a massive cinema acquisition, and shifting its engineering roadmap away from rapid, iterative camera releases. While competitors like Sony and Canon have fired off major releases, Nikon has yet to announce a single major camera body this year.
Nikon suffered a devastating 86 billion yen loss for the fiscal year ending March 2026, marking one of the worst financial periods in the company's history. Under new CEO Yasuhiro Ohmura, Nikon is forced to be highly strategic and conservative with its research and development spend. The company is currently reallocating massive amounts of capital to stabilize its core imaging division and focus heavily on profitable deep-ultraviolet (ArF) semiconductor lithography. The sudden 86 billion yen loss reported for the fiscal year ending March 2026 was not caused by a collapse in camera sales, but by massive one-time corporate write-downs and industrial investments outside of photography.
The Backstory: In 2023, Nikon bought a German metal 3D-printing company called SLM Solutions to diversify its business. The 3D-printing market didn't grow as fast as expected. Nikon had to take a massive 90.6 billion yen (approx. $580 million USD) impairment charge on the value of that acquisition. This was an "on-paper" accounting write-down. No fresh cash actually left Nikon's bank accounts, but it completely dragged down their total corporate net profits into the red
A huge portion of Nikon’s internal focus has been absorbed by the heavy workload of integrating RED Digital Cinema, which it acquired to break into the Hollywood video market. Instead of traditional consumer stills cameras, Nikon's recent major engineering triumph was the cinema-focused Nikon ZR, which functions as a hybrid digital cinema camera blending RED's proprietary colour science and compression with Nikon's Z-mount
Despite the corporate loss, Nikon's Imaging Division is still fundamentally stable. Camera revenue for the year held nearly steady at 290 billion yen (down a mere 1.8% year-over-year). People are still buying Nikon gear in massive volumes. However, even though people are buying the cameras, the camera division's individual operating profit still dropped by 59.5%. This happened due to a combination of smaller, compounding factors:
A few years ago, Nikon made all its money selling high-margin, $4,000+ enthusiast bodies. Recently, sales shifted toward excellent, lower-priced entry-level bodies like the Z50 II. They sold more cameras overall, but made less profit per box.
Severe component volatility forced suppliers to re-quote chip prices quarterly, driving up assembly costs.
Nikon spent $85 million in cash to acquire RED Digital Cinema, a necessary but expensive move for their long-term Hollywood roadmap.
Despite the above, industry indicators and component supply chains hint that Nikon's silence is the calm before the storm. Analysts expect Nikon to break its silence in the latter half of 2026 with high-end refreshes, with a heavily rumored Nikon Z9 II or a high-resolution Z7 III to directly counter rival brands."
