Wednesday, May 27, 2015   

Canon sees profit up on weak yen
(04-24 17:36)

Japanese camera and office equipment maker Canon Inc. is reporting a hefty gain in profit for the first fiscal quarter, largely on a favorable exchange rate.
Canon on Thursday reported a January-March net profit of 47.6 billion yen, up 16 percent from the same period the previous year.
Quarterly sales totaled 868.3 billion yen, up 6 percent on year, as healthy laser printer and copier demand offset shrinking camera sales.
Like other Japanese exporters, Canon got a perk from the falling yen, which lifts the value of its overseas earnings. But Canon and others cannot expect the dollar's rise to continue at the same rate this year.
Canon said the dollar cost 97.84 yen last year, and that it will likely cost 100.61 yen this year. --AP   
Other Business breaking news:
European stocks up at open (11 mins ago)
Strong domestic demand propels German consumer outlook to new high (1 hr 19 mins ago)
Nikkei closes on positive note (1 hr 21 mins ago)
Yunnan Water climbs at mid-day break (2 hrs 36 mins ago)
Greenback near eight-year high against yen (05-27 12:47)
Organized crime suspected in US tax data theft (05-27 12:43)
Hang Seng slips at break (05-27 12:12)
China coal output falls in first 4 months of year (05-27 11:55)
Oil prices rebound in Asia (05-27 11:51)
Nikkei lower at break (05-27 11:40)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.