ASIAN EARNINGS: CANON INC

ASIAN EARNINGS

Canon Inc – Co. reduced its FY12 profit forecast on a stronger Yen and weaker than expected growth in its traditional markets in the U.S, Europe and China. The co. expects FY12 profits at JPY 390 b (USD 5 b) vs previous forecast of JPY 450 b. Co. posted an 2Q12 operating profit at JPY 92.6 b, showing a 18 percent rise on a y/y basis. It however, fell short of forecasts of JPY 107.4 b. (Reuters)



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