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: Bangkokbiznews, Noppatjak
