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Canon Inc (7751.T)

7751.T on Tokyo Stock Exchange

18 Jan 2019
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¥22 (+0.73%)
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Thu, Oct 25 2018

Nikkei edges lower as weak sentiment lingers; Canon tumbles

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.

Canon cuts full-year outlook on lean demand for cameras, chip equipment

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.

UPDATE 1-Canon cuts FY outlook on lean demand for cameras, chip equipment

* Cuts annual profit outlook to 335.5 bln yen from 378.5 bln yen (Adds background, CFO comment)

UPDATE 1-Canon cuts full-year outlook on slower demand for OLED panel equipment

* Q2 operating profit climbs 4.4 pct to 98 bln yen (Adds comments from executive, background)

Canon posts Q2 profit rise, but cuts full-year outlook

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.

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