The following appears on reuters.com

* Sees 2017 operating profit up 44 pct at 330 bln yen

* Forecast above 295.8 bln yen consensus estimate

* Printer, camera businesses recovering (Adds risk of hefty EU fines)

By Makiko Yamazaki

TOKYO, July 27 (Reuters) – Japan’s Canon Inc raised its annual operating profit forecast in its second upward revision this year on a recovery in printer sales as well as brisk orders for equipment used to manufacture organic light emitting diode (OLED) screens.

The company, which has also seen a pick-up in sales of high-end cameras, forecast profit to rise 44 percent to 330 billion yen ($3 billion) for the year through December.

That compares with an average analyst estimate of 297 billion yen and its previous estimate of 270 billion yen


Click here to read the rest


Canon U.S.A. Wins BLI PaceSetter Awards in Document Imaging Security and Mobile Print Categories