Industry News: Nikon Expects "Extraordinary Losses"

By David Schonauer   Friday May 22, 2020

Nikon Corporation has issued a statement to investors warning the company “expects to post extraordinary losses” for the 2020 fiscal year that ended on March 31, 2020, and has subsequently made a revision to the financial forecast ahead of the upcoming release of the results on May 28, notes DP Review. The company says the global impact of the Covid-19 pandemic has caused much of its business to slow or stop production in its facilities and dramatically reduced sales, leading to a drop in value of its production line and equipment.

Read the whole story at DP Review.


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