Yesterday Nikon issued a press release announcing that they expect an “extraordinary loss” in the value of their Nikon Metrology business based in Belgium:
As a result of reviewing NMNV’s future cash flow in the aforementioned process, the fair value of the investment in NMNV has declined, and 10,343 million yen of the loss on valuation of the investment in subsidiaries is expected to be recorded as an extraordinary loss based on Japanese GAAP. (NMNV=Nikon Metrology NV)
For those of us without a financial background, Dpreview has a better description of what is going on:
The company said that after a review of the cash flow of the subsidiary as part of the company-wide restructuring plan, it was discovered that the value of the company’s investment in Nikon Metrology NV has ‘declined’—though the statement doesn’t specify by how much. It does say, however, that 10,343 million yen (~$94M USD). of the decline would be recorded as an “extraordinary loss” on the company accounts for the year ending March 2018.
“Extraordinary loss” is an accounting term and Nikon has announced “extraordinary loss” at least twice in the past few years (see this and this post).
