# Nikon vs Tamron

> Unit: JPY millions (ratios in %)
> Periods: Nikon = FY ending Mar 2025, consolidated, IFRS / Tamron = FY ending Dec 2025, consolidated, J-GAAP
> Retrieved: 2026-09-30T19:36:16.042Z

| Metric | Nikon | Tamron |
| --- | ---: | ---: |
| Revenue | 715,285 | 85,071 |
| Operating income | 2,422 | 16,638 |
| Net income | 6,123 | 11,761 |
| COGS ratio | 56.4% | 56.0% |
| Operating margin | 0.3% | 19.6% |
| Net margin | 0.9% | 13.8% |
| FCF margin | -3.0% | 12.3% |
| Period | FY ending Mar 2025 | FY ending Dec 2025 |
| Source | S100YKBP | S100XUB4 |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Nikon | Tamron |
| --- | ---: | ---: |
| Revenue growth | 21.4 (7 peers) | 64.3 (7 peers) |
| Profitability | 21.4 (7 peers) | 92.9 (7 peers) |
| Cash conversion | 91.7 (6 peers) | 25 (6 peers) |
| Efficiency | 56.3 (8 peers) | 81.3 (8 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/nikon/md
- https://vizora.meequs.com/en/company/tamron/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).