"Imaging Products Business decreased its profit because of the initial cost for new products such as full-frame ML cameras and lenses launched in September."The full details can be found below.
"Japan's Nikkei share average rebounded on Friday morning after Wall Street surged on receding worries about a U.S. interest rate hike, while Nikon Corp tumbled after releasing a weak earnings forecast. Nikon fell 13.5 percent to a three-month low of 1,483 yen after it forecast a 30.9 percent fall in its operating profit to 30 billion yen ($250 million) for the year to March 2016. Its American Depositary share price had dropped 13 percent overnight. Morgan Stanley MUFG Securities cut its rating to 'underweight' from 'equal-weight'."
"Sales and income declined 15% and 12% respectively, year on year due to delayed market recovery in China and Europe. Operating income ratio posted 9.7%, exceeding the previous year ratio (9.4%) and the revised forecast (9.0%). "
Nikon slightly lowers camera sales forecast for 2013/14
Nikon Drops Sales Forecast as High-End Camera Market Stalls (Reuters)
"TOKYO, Nov 7 - Nikon Corp cut its full-year unit sales forecast for high-end cameras for the second quarter in a row on Thursday, as a dramatic fall in demand among photography hobbyists that began last year accelerated faster than expected."
Reuters: Nikon cuts full-year profit target as mirrorless cameras lose their shine
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