Canon released their Q1/2017 financial results (see also the consolidated results sheet):
- Canon lifted its full-year operating profit forecast after reporting strong first-quarter results on the back of earnings from a medical equipment unit it bought from Toshiba Corp last year.
- Canon forecasts profit of 270 billion yen ($2.43 billion), up from 255 billion yen estimated in January.
- For the January-March quarter, Canon said operating profit jumped 88.8 percent to 75.67 billion yen from 40.09 billion yen a year earlie
- Canon also said the two existing businesses that have long dragged its earnings - laser printers and cameras - are also showing signs of bottoming out.
- A recovery in the Chinese and other emerging economies is pushing up demand for laser printers, while continued popularity of so-called mirrorless cameras is driving camera sales.
Via Reuters
