As part of its structural reforms, the camera giant will transfer such production from a plant in Miyagi Prefecture, its sole domestic camera manufacturing site, to a major factory in Thailand.
Nikon has been leading the camera industry with Canon Inc. since launching its first camera in 1948. But the company has been facing intensified competition in recent years, logging its largest group net loss of 34.4 billion yen in the last fiscal year ended March.
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