Canon Inc., one of Japan’s largest exporters, said Wednesday that net profit fell by over a third last year as a stronger yen ate into overseas profits and sales dropped for almost all of its products.
The maker of cameras, copiers and printers said it had a dismal fourth quarter and expects the coming business year to be even worse, forecasting a 70 percent plunge in profit.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.