July 9 (Reuters) – Japan's Canon Inc is likely to post a near three-fold jump in its group operating profit for the January-June period, boosted by better-than-expected sales of digital single-lens reflex cameras and laser printers, the Nikkei business daily reported.
The digital camera and office equipment maker's group operating profit for the first half is expected to be up 180 percent at about 182 billion yen ($2.07 billion), the daily said.
Full-year sales are seen up 15 percent at around 1.7 trillion yen, helped by brisk demand for entry-level digital SLR cameras and strong sales in China, the daily said.
Renewed spending on information technology by clients helped the office equipment division, which struggled a year earlier, it said.
Canon's gross profit margin likely returned to levels from before the financial crisis, the daily said.
For the full year ending in December, sales are forecast to rise 17 percent to about 3.75 trillion yen, with operating profit predicted to surge 66 percent to about 360 billion yen, the daily said.
Canon, which uses U.S. accounting standards, aims to absorb the blow of a weak euro through cost cuts and increased sales of highly profitable products, such as digital cameras, Nikkei said.
There are signs of a recovery in photolithography devices amid strong demand from LCD panel makers in China, the daily said. ($1=87.75 Yen) (Reporting by Shailesh Kuber in Bangalore; Editing by Gopakumar Warrier)
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> BLAH!, the daily said. ($1=87.75 Yen) (Reporting by Shailesh Kuber in Bangalore; Editing by Gopakumar Warrier)
You guys need to work on being less repetitive and boring if you’re ever gonna score a Pulitzer!
This is by far being conspiracy theory, it is just a simple calculation, based on what can be seen in the competition (Nikon is not really selling D3s with loss) and look what is the 5dmk2, FF, camera price.
It all coincides with profit figures, while low end cameras make the numbers in tables, their profit margin is almost non-existent compared to 1-series cameras.
yes, you are a real Nikon fanboy, talking about canon’s profits triple not about market share, More Nikon in the world cup, r u blind? what u mean killer body? 500d/550d/7d/5dII is selling much more than d5000/d300s/d700. even for real pro sport segment 1DMK IV is selling as good as d3s. canon can sell more cameras around the globe and make more profits than Nikon , so a killer body is not needed.
I’m not a canon fanboy?? but I am
if canon accepts an exchange that constitues a fail
Canon – give us a freaking 16 MP, full-frame, 6-8 fps 3D and profits will go through the roof.
Oh and a 35 1.4L II and 14-24 2.8L please :)