Canon announced that its group net profit for the first quarter (Jan-March) of the current fiscal year rose 11% to 61.5 billion yen (US768.8 M) on slightly declined sales of 829.2 billion yen (UD$10.36 B).
Operating profit gained a 0.2% to 82.6 billion yen (US$1.03 B). In addition, a fall in the selling price of compact D-cams resulted in losing profit of 12.3 billion yen. However, highly profitable D-SLR camera sales rose 30% in the world’s market.
Sales of the Consumer Business Unit rose 4.8% to 303.47 billion yen (US$3.89 B) and operational profit gained 17.1% to 46.73 billion yen (US$584.17 M). The company said D-SLR sales were very strong, gaining some 30% year-on-year from entry level to those for high-amateurs.
Canon expects to see its operating profit for this fiscal year ending December 31st to grow 20% year-on-year to almost 460 billion yen (US$5.68 B) on the weaker yen and strong global sales of D-SLR cameras.