Canon forecasts slower growth for 2012, president resigns

By PR admin | Published: January 30, 2012
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canon logo Canon forecasts slower growth for 2012, president resigns

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.

Via The Verge

Related posts:

  1. Olympus chairman and president Tsuyoshi Kikukawa resigns
  2. Canon at the 2012 CP+ show in Yokohama, Japan
  3. Canon promises mirrorless camera system for 2012 (updated)
  4. Canon EOS 5D Mark III on March 2nd
  5. Canon 5D Mark II price will drop $300 on March 4th

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4 Comments

  1. Not Surprised
    Posted January 30, 2012 at 5:55 pm | Permalink

    Is he resigning just over the news of slower growth? Considering the average Japanese president (prime minister) serves for only 2 years before getting pushed out of office, it could be. But Canon seems to be doing pretty good.

  2. Mark
    Posted January 30, 2012 at 9:01 pm | Permalink

    He’s resigning because they just released a $16,000 dollar, $5,000 dollar video camera.

  3. jodjac
    Posted January 30, 2012 at 10:19 pm | Permalink

    That 470 billion Yen profit line was projected before the release of the D4? Maybe the D4 is better than the spec sheet is letting on. I wonder if he has held one in his hand. Can you imagine?

  4. photoartbymark
    Posted January 31, 2012 at 10:27 am | Permalink

    the disaster in japan probably caused the slow rate of growth no need to resign