Canon Inc (7751.T)
15 Feb 2019
TOKYO Japan's Canon Inc expects its annual operating profit to drop for the first time in three years, as a Chinese economic slowdown and a stronger yen hit sales of cameras and panel-making equipment.
* Forecasts a 5.2 percent y/y drop in annual operating profit
TOKYO, Jan 30 Japan's Canon Inc said on Wednesday it expected operating profit to drop 5.2 percent in 2019 as a Chinese economic slowdown hit demand for cameras and panel-making equipment.
* Nikkei, Topix post biggest weekly drop since early February
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)