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Nikon’s stock surged 10%, the most since 2013 (and other Nikon corporate news)

→ Bloomberg – “Nikon soars most in 11 years as London’s Silchester takes stake”: “Silchester International Investors, a London-based firm that has advocated for corporate change in Japan, disclosed it has taken a stake in Nikon Corp., pushing the shares up by the most in more than a decade. Silchester reported it holds 5% of the Tokyo-based company and that it may request dividend increases, share buybacks or other changes to capital policy, according to a filing to Japan’s Finance Ministry. Nikon’s stock surged 10%, the most since 2013.”   → Nikon Corporation has transitioned to a new management structure as of April 1, 2024, with Toshikazu Umatate as Representative Director, Chairman and CEO, and Muneaki Tokunari as Representative Director, President, COO and CFO. → ZakZak Japan (via digicame-info) – “Nikon has focused on integrated production in-house, but will strengthen collaboration with other companies in the future” & “Rather than doing everything ourselves, we want to collaborate with startups and provide unique value”: Nikon’s Vice President and Executive Officer Yosuke Tokunari (64), who was promoted to president in the April 1 personnel appointment, has a background in banking and has strengths in business management and internal control. Utilizing his experience in many overseas projects, he says with enthusiasm, “I want to solidify our management foundation.I will work with all of our 20,000 employees around the world to do our best.” Nikon has been particular about integrated production of cameras and other products in-house, but in the future, they are keen to...

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Published By: Nikonrumors - Friday, 3 May, 2024

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