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Japan-Update

At Nikon, full recovery still a long way off

Progress made cutting costs but profit now less than half the record

People walk past a Nikon camera retailer in central Tokyo.   © Reuters

TOKYO -- A year after launching a structural reform drive, Nikon faces an uphill battle. Its core digital camera business is limping along. And its key semiconductor lithography equipment division is also ailing.

To be sure, Nikon's turnaround efforts show signs of improvement, as reflected in the company's financial results for the first half of fiscal 2017.

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