Canon trims annual profit outlook as post-Brexit yen rise hits Q3


  • TECH
  • Wednesday, 26 Oct 2016

European revenue: Foreign sales account for four fifths of Canon's revenue, with Europe, its biggest market, making up almost a third of the total. — Reuters

TOKYO: Japan's Canon Inc cut its full-year operating profit forecast on Oct 26 as the yen's strength in the wake of Britain's vote to leave the European Union slashed third-quarter income by almost half.

The world's biggest maker of cameras and printers lowered its operating profit forecast for the year through December to ¥235bil (RM9.39bil) from a ¥265bil (RM10.58bil) estimate in July.

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