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 user 2003-12-15 at 9:50:00 am Views: 95
  • #4241
    Canon focuses on record figures

    PHOTOGRAPHIC and office equipment maker Canon says it is on track for a record annual profit of 263 billion yen (£1.49 billion).

    It has been busy, launching 11 new colour copiers, printers and digital cameras, sparking growing demand at home and abroad, and investors are set to reap the benefits with a dividend forecast of 30 yen, up 5 yen on last year.

    Canon also overcame its October warning that the strong yen could weigh on its profit once US dollar earnings were repatriated.

    The results would put Canon near the top of the Japan’s corporate tree, behind only Toyota, NTT, NTT DoCoMo, Nissan and Honda but way in front of other technology firms such as Sony, which estimates a 50 billion yen net profit.