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Nikon drops to five-week low after China consumer show criticism

17
Mar
2014

Shares in Nikon Corp shed 4.2 percent to a five-week low of 1,686 yen on Monday morning after it was criticized by a Chinese consumer show that said the camera maker had sold defective products in China and denied local consumers fair treatment in after-sales service. Nikon, which had sales of 118 billion yen ($1.16 billion) in China in 2013, said on Sunday that it was taking the report very seriously and had moved to improve its after-sales network in China, according to its official microblogging sites.

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