Nikon anticipating $720M loss after "delayed" transition to mirrorless

(Image credit: Nikon)

Nikon is expected to post a $720 million loss for the fiscal year ending in March 2021 according to two articles published by Toyo Keizai. The Japanese publication examines Nikon's expected operating loss, exploring what the causes are and how Nikon can turn its fortunes around. The articles also include an interview with the company's Managing Executive Officer Hirotaka Ikegami, who runs Nikon's video division.

Nikon's expected $720 million loss strikes a bleak contrast when compared with the $65 million profit the imaging company made in the previous fiscal year. So, what went wrong? 

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