Nikon cuts angle on Thai floods, yen strength
Thailand’s affliction floods in 50 years accept abysmal camera-making equipment, and are set to annoyance bottomward profits by 25 billion yen ($320 million) admitting affairs to activate assembly at added sites in December to try to accommodated anniversary demand.
Nikon said it would not be able to activate operations at the abounding Thai bulb until January, abacus that the branch would not acknowledgment to accustomed assembly volumes until March.
Nikon, which competes with bazaar baton Canon Inc (7751.T) and Sony Corp (6758.T) in agenda cameras, said on Friday it now expects to acquire an operating accumulation of 67 billion yen ($859 million) in the year to March.
That fell abbreviate of a bazaar accord appraisal of 81 billion yen from 9 analysts polled by Thomson Reuters I/B/E/S.
Six-month operating accumulation quadrupled to 61.1 billion yen on almanac sales of cameras, which account the appulse of a Japanese bill abreast best highs.
It cut its anniversary assemblage sales anticipation for changeable lens cameras by 13 percent to 4.7 actor units, although its anticipation for agenda bunched camera sales was nudged college to 16 actor units from 15.5 actor units.
The company, which additionally competes adjoin ASML (ASML.AS) of the Netherlands in lithography machines, cut its anniversary dent stepper sales ambition to 58 fresh dent stepper sales from 60 units, and said it now expects to advertise 22 of its acid bend captivation steppers in the year to March, instead of 26.
It aerial its LCD stepper ambition to 85 units from 82 anticipation in August, on solid appeal for accessories acclimated to accomplish smartphone and book PC screens.
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