anthonystoro via flickr
Net profit amounted to 34.52 billion yen ($ 319 million) in April-June against 77.67 billion in the second quarter of last year.
Sales of imaging systems, including cameras, fell by 18.5%, sales of office equipment fell by 7.5%. At the same time, sales of medical equipment (a new line of business) have grown, according to Canon.
Revenue declined in the second quarter by 10% to 905.87 billion yen.
According to a new forecast by Canon, revenue will decrease in 2019 by 5.2%, net profit - by 36.7% (previous forecast - 20.9%).
Canon shares rose on Wednesday by 0.7%. Since the beginning of the year, the company's capitalization has grown by 4% to 3.35 trillion yen.
source: bloomberg.com
Sales of imaging systems, including cameras, fell by 18.5%, sales of office equipment fell by 7.5%. At the same time, sales of medical equipment (a new line of business) have grown, according to Canon.
Revenue declined in the second quarter by 10% to 905.87 billion yen.
According to a new forecast by Canon, revenue will decrease in 2019 by 5.2%, net profit - by 36.7% (previous forecast - 20.9%).
Canon shares rose on Wednesday by 0.7%. Since the beginning of the year, the company's capitalization has grown by 4% to 3.35 trillion yen.
source: bloomberg.com
