Canon Q2 profit down, sales rise, the company updates outlookStaff writer ▼ | July 28, 2015
Japanese camera and printer maker Canon reported that its second-quarter net income attributable to the company declined 15.7% to 68.20 billion yen or $558.98 million from last year's 80.85 billion yen.
Canon Net income declined 15.7%
Income before income taxes for the quarter dropped 11.7% to 103.24 billion yen or $846.19 million.
Net sales were 974.41 billion yen or $7.99 billion, up 5.1% from 926.80 billion yen.
Looking ahead, Canon projects full-year consolidated net sales in 2015 of 3.93 trillion yen, a year-on-year increase of 5.4%, Operating profit of 380.0 billion yen, a year-on-year increase of 4.5%, and net income attributable of 245.0 billion yen, a year-on-year decrease of 3.8%.
The company previously expected consolidated net sales of 3.86 trillion yen and attributable profit of 255 billion yen. ■