Nikon was unable to right the ship in FY2026 after it posted massive losses over its first three quarters. The company ultimately set a record for its worst annual loss, losing 86 billion yen for its owners, or nearly $550 million. Total operating profit was negative 112.4 billion yen ($717.45 million). However, as horrible as that is, Nikon describes a substantial portion of its record-setting losses as due to one-time costs, including impairment losses of fixed assets in Digital Manufacturing and “product mix changes” in its Imaging Products division. Speaking of the company’s imaging division, which comprises the single largest chunk of Nikon’s business operations and accounted for nearly 43 percent of Nikon’s revenue last year, its revenue performed near projections, but operating profit missed the company’s projections. “The [digital camera interchangeable lens] market has grown steadily,” Nikon says.…