Nikon cuts profit forecast, shares slump

http://www.bloomberg.com/news/2013-0...kyo-mover.html
Nikon Tumbles Most Since 1985 After Forecast Cut: Tokyo Mover
By Mariko Yasu - Feb 7, 2013 5:36 PM GMT+1030


Nikon Corp., Japan’s third-biggest camera-maker, plunged the most since 1985 in Tokyo trading after cutting its profit forecast because of slowing demand in Europe and falling prices.

The company dropped 19 percent to 2,139 yen at the close. That was the biggest decline among the 225 members of the Nikkei 225 Stock Average.