Canon forecasts slower growth for 2012, president resigns

By PR admin | Published: January 30, 2012

Canon forecasts slower growth for 2012 as a results of the 2011 natural disasters in Asia and the high exchange rate of the yen. In 2012 Canon is expected to make 390 billion yen compared to 378.1 billion yen in a 2011. The initial expectation was for the company to make 470 billion this year.

The current president Tuneji Uchida will resign from his position on March 29, 2012.

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