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CANON INC. lowers profit forecast for fiscal year ending December 2026

Thu Apr 23, 2026 4:07 pm JST Catalyst

CANON INC. <7751> announced after the close of trading that it has revised down its consolidated earnings forecast for the fiscal year ending December 2026. Operating profit was lowered to 456.0 billion yen, up 0.1% year-on-year, from 479.0 billion yen, while net profit was reduced to 333.0 billion yen, up 0.3% year-on-year, from 341.0 billion yen. While the company maintained its previous sales forecast of 4,765.0 billion yen, up 3.0% year-on-year, it reflected the impact on sales through May related to the situation in the Middle East and incorporated rising memory costs.

Concurrently announced first-quarter results for the January-March period showed sales of 1,093.6 billion yen, up 3.3% year-on-year, operating profit of 71.37 billion yen, down 26.1% year-on-year, and net profit of 48.30 billion yen, down 33.1% year-on-year. While the printing business was significantly affected by weak market conditions, demand for cameras and network cameras remained solid. Investment appetite for memory-related semiconductor lithography equipment also rose rapidly, contributing to performance. However, profits were pressured by rising memory costs, the impact of additional U.S. tariffs, and an increased proportion of low-margin products and customers.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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