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Nikon's fiscal year ends next week and unless they post solid results, it's seems certain that the stock will break under the psychological 1,600 yen support. If that happens we could be testing 3-year lows in the near future.
On the books Nikon's stock is just above $17.50 or around 1,780 JYN. That is about a 14% discount and would be a very good deal for the right person if the financials line up with expectations.