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Nikon issues third notice on Thai flooding; estimates business cost  
Friday, November 4, 2011 | by Eamon Hickey
Nikon has issued a third notice on the flooding in Thailand, which has submerged the first floor of the company's factory in Ayutthaya province. This factory makes all APS-C format Nikon DSLR cameras and many Nikkor lenses. 

The factory's first floor remains submerged. Nikon anticipates restarting partial production in the factory in January, 2012 and returning to full production in March, 2012. Meanwhile, the company says it will switch as much production as possible to other factories beginning in December, 2011.

Nikon also issued revised earnings estimates for the current fiscal year, which ends March 31, 2012. The company is currently estimating that the impact of Thai flooding will reduce its net sales for the year by 65 billion/US$830 million and reduce operating profits by 25 billion/US$320 million (at current exchange rates). This can be taken as certain evidence that APS-C format DSLR cameras and many lenses will be in short supply for the next several months. 

Earlier stories on the impact of the flooding in Thailand on photography industry companies:
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