Canon Inc. announced profit gains on 0.4 percent increased net sales of 916.9 billion yen (UD$11.91 billion), despite declined production due to shortage of components, in its third quarter financial results for July-September.
It gained 17.4 percent year-on-year in operational profit to 122.5 billion yen (US$1.592 billion) and net profit hit 77.9 billion yen (US$1.011 billion). Cumulative results for the first nine months posted a 1.8 percent fall in sales to 2,592 billion yen (US$33.67 billion), operational profits down 7.0 percent to 283.46 billion yen (US$3.68 billion), net profit down to 187.18 billion yen (US$2.43 billion), owing to softened economies in Europe and USA and the aftermath of the March earthquake. Consumer Business Unit including imaging products gained 7 percent to 347.44 billion yen (US$4.51 billion) with operational profit of 75.17 billion yen (US$976 million), up 27.9 percent. The company sold 50 percent more D-SLRs over the previous year, with strong sales of interchangeable lenses, and a 5 percent gain in compact D-cams.