Canon Inc (7751.T)
18 Jan 2019
Thu, Oct 25 2018
TOKYO, Oct 26 Japan's Nikkei edged lower on Friday morning despite a rebound on Wall Street, as worries about earnings of domestic firms kept investors risk averse after Canon disappointed the market by lowering its annual profit forecast.
TOKYO Japan's Canon Inc on Thursday lowered its full-year earnings outlook for the second time this year, citing lower sales of single-lens reflex (SLR) cameras and lean demand for semiconductor-producing equipment.
* Cuts annual profit outlook to 335.5 bln yen from 378.5 bln yen (Adds background, CFO comment)
* Q2 operating profit climbs 4.4 pct to 98 bln yen (Adds comments from executive, background)
TOKYO, July 26 Japan's Canon Inc reported a 4.4 percent rise in second-quarter operating profit on Thursday, but lowered its full-year earnings outlook due to slower demand for its flat panel-making equipment.