Canon has reduced net profit in 9 months by 19%

Canon has reduced net profit in 9 months by 19%


The net profit of world’s largest manufacturer of digital cameras Canon since the beginning of the year decreased to 1.26 billion, according to a company report.

MOSCOW, 27 Jan. The net profit of world’s largest manufacturer of digital cameras Canon for the first 9 months of 2015 decreased by 19% compared with the same period of 2014 and amounted to 151,31 billion yen (1.26 billion dollars), according to the statements of the company.

Per ordinary share index amounted to 138,56 yen (about 1.15 to the dollar) against the yen 167,1 (1.39 per dollar) a year earlier.

Sales reached to 2.76 trillion yen (22,9 billion dollars), which is 3.4% higher than a year ago. Operating profit decreased in the reporting period by 6.4% to 248,17 billion yen (2,06 billion).

The company’s net income for the third quarter of 2015 decreased 15.6% to 49,18 billion yen (408,2 million). While sales rose by 6.1% in the reporting period to 925,78 billion yen (7,68 billion dollars).

The company expects year-end net profit at a rate of 225 billion yen (1,86 billion), while revenue in the amount to 3.82 trillion yen (31,7 billion). This forecast is below the company’s previous expectations for earnings at the level of 245 billion yen (us $ 2,03 billion) and revenue — 3,93 trillion yen (USD 32.6 billion).

One of the leaders in digital equipment, the Japanese company Canon Inc. was founded in 1937 and since then has held a strong position in the fields of photo – and video equipment, as well as in the field of information technology. The major share in sales of the company are printers, computer peripheral devices and copiers, photo – and video cameras, and optical devices.