Nikon’s financial results may be impacted by the flooding in Thailand

Nikon factory in Thailand before the flooding

after the flooding

Nikon stock price dropped 3.5% as a result of the flooding in Thailand. Nikon may experience some serious financial losses if their Thailand plant stays closed for over a month:

"Nikon’s inventory of SLR cameras will probably last for about a month and the effect on earnings would be negligible should the company resume the plant’s operation within a month, Hisashi Moriyama, a JPMorgan analyst in Tokyo, said in a report dated yesterday. Suspensions lasting two months could cut Nikon’s revenue by 30 billion yen and operating profit by 5 billion yen to 10 billion yen, he said."

Via Businessweek, Image credits: BangkokbiznewsNoppatjak

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