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Nikon sees 30% profit boost on demand for panel-producing gear

Camera maker's cost-cutting and reforms show signs of working

Nikon will have a monopoly on next-generation equipment capable of making large flat-panel displays.

TOKYO -- Nikon's operating profit is expected to jump 30% to 70 billion yen ($640 million) in the current fiscal year ending March 2019, as its structural reforms bear fruit and capital investment in places like China lifts sales of its large display-making equipment. 

Nikon's sales are likely to grow, thanks to its precision equipment business. In particular, flat-panel display lithography systems, used for producing liquid crystal and organic light-emitting diode displays, are set to boost company sales and profit.

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