Nikon posted a notice describing the losses due to the flooding in Thailand as “extraordinary”: ¥10,904 million (around $143 million). Nikon received an insurance payment of ¥500 million (around $6.5 million). Additional insurance payment is pending. As a results of the losses, Nikon changed their forecast of the fiscal year ending March 31, 2012 as follow:
Yesterday Nikon issues a 5th notice on the damage from the flood in Thailand: Partial operation of the factory resumed on January 3, 2012 Part of the production is already moved to Japan and Nikon’s partner factories in Thailand Nikon is expected to resume production of DSLR and lenses to normal levels by the end […]
This is the latest update from Nikon Corporation on the damage from the flood in Thailand: Water was completely pumped out around the Nikon facilities in Thailand on November 26th. Part of the factory operation is expected to resume in January 2012. First shipment of products from the alternative partner factories in Thailand has already started. The flood in Thailand […]
Nikon started substitute DSLR production ahead of schedule (via Bloomberg): Nikon Corp. (7731 JT), a camera maker, gained 2.7 percent to 1,739 yen. The company, which shut its main plant in Thailand due to floods, will start substitute production of digital single-lens reflex cameras in the country at the end of November, nearly a month ahead […]
Nikon doesn’t expect the impact of the floods in Thailand to be excessive because the factories in Thailand are covered by insurance – from the latest Nikon Q&A: At present, facilities are still submerged and we are unable to obtain an accurate damage bill and as a result, extraordinary losses resulting from damage caused by […]
Today Nikon issues a third notice on the situation in Thailand: This is to advise you of the latest situations of submersion at Nikon (Thailand) Co., Ltd., a consolidated manufacturing subsidiary of Nikon Corporation in the Rojana Industrial Park in Ayutthaya Province located in Central Thailand.
I guess some [NR] followers have not read my previous posts or just failed to realize the seriousness of the situation in Thailand which was probably the reason for the Nikon D800 announcement delay. You cannot really blame Nikon or [NR] for that. Here is a quick recap of my posts from the past few weeks: October […]
The Latest Photo Rumors