Canon Inc has reported an increase in sales, income and profits for the third quarter. Consolidated net sales were up 2% from last year to 694.0 billion yen (US$ 5,642 million), net income was up 53.4% to 57.5 billion yen (US$ 467 million), and operating profits rose 21.5% to 92.7 billion yen (US$ 754 million).
Toshizo Tanaka, senior MD and group executive for finance and accounting headquarters, commented: “Profits were raised by higher sales of laser beam printers and digital cameras and through further cost cutting. Our ability to maintain stable selling prices through the introduction of new products also supported profitability.
“Moving forward in the fourth quarter of 2002, sales and profits will be boosted mainly by a further expansion of digital cameras, growth in sales of laser beam printers, and strong sales growth for large screen LCD aligners, an area in which Canon is dominant.”
29-Oct-2002
