Creating Social Value Through Core Technologies
Materiality 1
Relevant SDGs
Vision
Strategy
Reason for Priority
Companies are considered public institutions and have a responsibility to contribute to the sustainable development of society through transparent and fair business activities.
Moreover, in recent years, amidst the emergence of social issues of global importance, companies are required to innovate in ways that will transform social systems and lifestyles, and to contribute to solving these issues through their businesses.
Nikon's Approach
Imagine society in 2030, it is likely that not only will people's values, lifestyles, and outlooks on life shift, but so too will social frameworks on topics like climate change and resource scarcity shift. Furthermore, there will likely be an accelerated shift in technologies, such as with the advent of Industry 5.0. In the midst of this mega-shift, we believe that people will focus more on creative, self-fulfilling work and value-driven consumption, and that there will be greater co-creation between humans and machines.
In April 2022, Nikon announced a new Medium-Term Management Plan in which its Vision 2030 (for the year 2030) is to become a key technology solutions company in a global society where humans and machines co-create seamlessly.
Over its 100 years of history, Nikon has cultivated ultra-precise Monodzukuri (manufacturing) capabilities, eminently present in its lithography systems. It has also cultivated a brand that has popularized digital cameras worldwide and greater trust among its stakeholders. Leveraging these strengths, we will provide solutions closely tied to customer experience value and the generation of innovation, and expand possibilities for people in a world where humans and machines co-create more seamlessly. We will also contribute to the realization of a prosperous and sustainable society by providing innovative value that will help address societal and industrial challenges, including those presented in the SDGs.
Nikon’s Social Value Creation
Aiming to achieve our Vision 2030 by becoming a key technology solutions company in a global society where humans and machines co-create seamlessly, we will focus our efforts on building industries that will expand possibilities for people and quality of life (QOL) that will make lives better in the fields of Factory, Energy, Healthcare, and Life & Entertainment. Specifically, in the Factory area, we will become a lead player in flexible manufacturing systems with Robot Vision and Material Processing. We will also contribute to the diversification and sophistication of devices with digital lithography. In the Energy area, we will leverage optical processing machines to promote energy efficiency improvements with fine processing and re-use with additive processing. In the Healthcare area, we will support drug discovery that lightens the burden on doctors and patients, aiming to achieve regenerative medicine for everyone. In the Life & Entertainment area, we will support a society where people are connected in ways that transcend time and space and virtual and reality with image infrastructure production technologies.
In a world where humans and machines co-create more seamlessly, we will use these efforts to contribute to the achievement of the SDGs and the realization of a sustainable society, especially in the areas of safety and work environment, decarbonization, circular systems for resources, health, and enriched spirit.
Indicators and Targets
Indicators and Targets (Target Fiscal Year) | FY2023 Plan | FY2023 Results | FY2024 Plan |
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Growth drivers as a percentage of consolidated operating profit: 40% or more (FY2030) | Annual plan for each business unit and division | 3% | Annual plan for each business unit and division |
Services and components as a and division percentage of consolidated operating profit: 50% or more (FY2030) | 44% |
Research and Development (R&D)
The Technology Strategy Committee at Nikon, chaired by a Senior Executive Vice President, leverages analyses of macro social issue trends to comprehend business environments, conduct market studies and evaluations, and develop new areas of focus for Nikon's efforts.
Open Innovation
Nikon has adopted open innovation, which actively utilizes external resources, as a means of accelerating the development of new products and services and the launch of businesses that will lead to solutions for expanding and intensifying social issues.
Sustainability Report
For more information, refer to Creating Social Value through Core Technologies in the Sustainability Report.
Nikon’s Social Value Creation
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Strategy
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Major Initiatives