Cameras & Optics industry map
Who earns the money in Cameras & Optics, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 13 companies · ¥7.15T
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥7.15T
- Companies
- 13
- Avg. salary（parent only）
- ¥7.1M
- Industry weather
- Rainy
YoY -0.9%
Avg. age 44.6
Operating income -14.5%
Canon[7751]
- Revenue
- ¥4.62T▲2.5%
- Operating income
- —
Avg. salary ¥8.8M · 44.3（parent only）
Canon Marketing Japan[8060]
Consumers
- Revenue
- ¥144.8B▲0.1%
- Operating income
- ¥13B▼5.4%
Margin 9.0%
Whole company: Revenue ¥679.8B · Net income ¥41.5B
Avg. salary ¥8.5M · 48.4（parent only）
- Canon owns 52.0%
Sony Group[6758]
Entertainment, Technology and Services
- Revenue
- ¥2.18T▼7.5%
- Operating income
- ¥158.6B▼16.9%
Margin 7.3%
Whole company: Revenue ¥12.5T · Net income -¥326.9B
Avg. salary ¥11.6M · 42.7（parent only）
Tamron[7740]
Photographic Products + 2 more
- Revenue
- ¥85.1B▼3.8%
- Operating income
- ¥20B▼9.7%
Margin 23.5%
Whole company: Revenue ¥85.1B · Net income ¥11.8B
Avg. salary ¥8.3M · 43.3（parent only）
- Sony Group owns 15.3%
Techno Horizon[6629]
Imaging and IT
- Revenue
- ¥37.8B▲5.4%
- Operating income
- ¥1.87B▲93.2%
Margin 4.9%
Whole company: Revenue ¥51.4B · Net income ¥2.46B
Avg. salary ¥5.2M · 45.8（parent only）
Maxell[6810]
Optics and Systems
- Revenue
- ¥36.4B▲1.3%
- Operating income
- ¥3.54B▼19.9%
Margin 9.7%
Whole company: Revenue ¥129.4B · Net income ¥8.26B
Avg. salary ¥7.7M · 44.6（parent only）
Ai Holdings[3076]
Security Equipment
- Revenue
- ¥15.2B▲6.9%
- Operating income
- ¥6.15B▲4.3%
Margin 40.5%
Whole company: Revenue ¥66.2B · Net income ¥21.2B
Avg. salary ¥5.7M · 48.9（parent only）
Sigmakoki[7713]
Laser Components Business + 1 more
- Revenue
- ¥11.6B▲3.3%
- Operating income
- ¥1.71B▼1.4%
Margin 14.8%
Whole company: Revenue ¥11.6B · Net income ¥986M
Avg. salary ¥5M · 40.2（parent only）
Nireco[6863]
Optics operations
- Revenue
- ¥2.85B▼1.6%
- Operating income
- ¥1.02B▼4.1%
Margin 35.9%
Whole company: Revenue ¥11B · Net income ¥1.44B
Avg. salary ¥7.1M · 48.6（parent only）
Okamoto Glass[7746]
Optics
- Revenue
- ¥2.06B▲1.8%
- Operating income
- ¥211.9M▼44.8%
Margin 10.3%
Whole company: Revenue ¥4.73B · Net income -¥149.3M
Avg. salary ¥5.8M · 48.6（parent only）
Yamaichi Electronics[6941]
Optics-related business
- Revenue
- ¥1.53B▲23.9%
- Operating income
- ¥206.1MBack to profit
Margin 13.5%
Whole company: Revenue ¥52.7B · Net income ¥9.07B
Avg. salary ¥7.9M · 43.9（parent only）
Shikino High-Tech[6614]
Product Development business
- Revenue
- ¥1.3B▼8.7%
- Operating income
- -¥127.8M
Margin -9.8%
Whole company: Revenue ¥6.49B · Net income -¥109.7M
Avg. salary ¥5M · 42.8（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
Other companies: Jtec
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | Canon | ¥4.62T | 64.7% | — | +7.1% | — |
| 2 | Sony GroupEntertainment, Technology and Services | ¥2.18T | 30.6% | 7.3% | -1.3% | ¥1.49T |
| 3▲1 | Canon Marketing JapanConsumers | ¥144.8B | 2.0% | 9.0% | +2.8% | ¥28.2B |
| 4▲1 | TamronPhotographic Products + 2 more | ¥85.1B | 1.2% | 23.5% | +10.3% | ¥10.4B |
| 5▲2 | Techno HorizonImaging and IT | ¥37.8B | 0.5% | 5.0% | +8.4% | ¥4.14B |
| 6 | MaxellOptics and Systems | ¥36.4B | 0.5% | 9.7% | -2.0% | ¥52M |
| 7▲1 | Ai HoldingsSecurity Equipment | ¥15.2B | 0.2% | 40.5% | +4.5% | ¥3.94B |
| 8▲1 | SigmakokiLaser Components Business + 1 more | ¥11.6B | 0.2% | 14.8% | +7.2% | -¥73.8M |
| 9▲1 | NirecoOptics operations | ¥2.85B | 0.0% | 35.9% | +17.7% | ¥1.64B |
| 10▲1 | Okamoto GlassOptics | ¥2.06B | 0.0% | 10.3% | -2.7% | ¥122.5M |
| 11▲3 | Yamaichi ElectronicsOptics-related business | ¥1.53B | 0.0% | 13.5% | -3.8% | ¥7.47B |
| 12 | Shikino High-TechProduct Development business | ¥1.3B | 0.0% | -9.8% | -0.5% | -¥1.02B |
| 13 | JtecOptical Business | ¥1.23B | 0.0% | 42.7% | — | ¥182.8M |
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- SG&A
- Other
- Operating profit
- Yamaichi Electronics591922
- Tamron562420
- Nireco602515
- Ai Holdings543214
- Sony Group691812
- Sigmakoki632710
- Canon Marketing Japan68239
- Maxell7519
- Jtec3955
- Techno Horizon7718
- Okamoto Glass6933loss ¥2
- Shikino High-Tech8518loss ¥3
Ownership links
From the major-shareholder section of annual securities reports.
- CanonIn industry
- SubsidiaryCanon Marketing Japan52.0%
- Sony GroupIn industry
- StakeTamron15.3%
- 浜松ホトニクス株式会社Outside
- StakeSigmakoki14.1%
- 極東貿易株式会社Outside
- StakeNireco6.6%
- 日本ゼオン株式会社Outside
- StakeMaxell3.6%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted.
Compare the leaders side by side
All companies in Cameras & Optics (by revenue)
All 14 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- Canon¥4.62T
- Sony Group¥2.18T · 7.3%
- Nikon¥486B · 11.4%
- Canon Marketing Japan¥144.8B · 9.0%
- Tamron¥85.1B · 23.5%
- Techno Horizon¥37.8B · 5.0%
- Maxell¥36.4B · 9.7%
- Ai Holdings¥15.9B · 38.9%
- Sigmakoki¥11.4B · 15.3%
- Nireco¥2.85B · 35.9%
- Okamoto Glass¥2.06B · 10.3%
- Yamaichi Electronics¥1.53B · 13.5%
- Shikino High-Tech¥1.3B · -9.8%
- Jtec¥1.23B · 42.7%
Revenue · Op. margin
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