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Nikon sags nearly 10 percent to nine-month low after cutting earnings guidance

Nikon Corp's new camera Nikon 1 V1 (L) and J1 are displayed at its unveiling ceremony in Tokyo September 21, 2011. REUTERS/Kim Kyung-Hoon
Nikon Corp's new camera Nikon 1 V1 (L) and J1 are displayed at its unveiling ceremony in Tokyo September 21, 2011. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) - Shares in Nikon Corp sank nearly 10 percent to a nine-month low of 1,815 yen in early trade on Friday after the camera maker cut its full-year earnings and dividend forecasts due to disappointing demand for mirrorless cameras.

Nikon shares have fallen 27 percent so far this year, underperforming a 32 percent rise in the benchmark Nikkei average.

(Reporting by Dominic Lau; Editing by Edmund Klamann)

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