Nikon’s stock is down, and down bad, according to a report by Reuters. Although the report starts by saying that Nikon is currently up 0.8%, it continues on by revealing that:
Nikon is down 23.6 percent year-to-date and is the worst underperformer in the Nikkei this year, while the benchmark has rallied nearly 49 percent.
This doesn’t come altogether as a surprise, given that Nikon has had to adjust its financial forecast down more than once in recent months. But, surprise or not, it certainly isn’t a headline we relished writing.
The Nikkei, for those who don’t know, is the most widely quoted average of Japanese equities (kind of like the Dow Jones in the US).
(via Nikon Rumors)