Forecast – Approx 30% Low Operating profit of Nikon

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The operating profit of Nikon will decline in near future which was forecasted by some of the experts. The Bloomberg has mentioned reports below:
Nikon plunged 11 percent, the most since August 2013 and the biggest drop on the Nikkei 225. The camera maker forecast 30 billion yen in operating profit for the year ending March, missing the 49.8 billion yen estimate of analysts. The company also slashed its 2017 operating-profit target to 38 billion yen, down from 110 billion yen in June.
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