Nikon says it's expecting 'Extraordinary Losses,' has updated its FY2020 projections

Nikon Corporation has issued a statement to investors warning the company 'expects to post extraordinary losses' for its 2020 fiscal year (FY2020) that ended on March 31, 2020, and has subsequently made a revision to the financial forecast ahead of the upcoming release of the results on May 28. If Canon's latest financial results were anything to go by, it was inevitable Nikon's were going to look even worse. While we don't have the exact numbers yet, Nikon has preemptively warned investors that...