Digital camera maker Canon Inc. (CAJ) reported Wednesday that its first-quarter net income attributable to the company increased 3.7 percent to 57.11 billion yen or $538.80 million from last year's 55.09 billion yen.
Earnings per share increased 5 percent to 52.89 yen or $0.50 from 50.44 yen a year ago.
Net sales dropped 1.2 percent to 960.71 billion yen or $9.06 billion from prior year's 972.76 billion yen.
The company's first-quarter operating profit grew 5.3 percent from last year to 77.08 billion yen.
Looking ahead, for the full year, the company still projects consolidated net sales of 4.3 trillion yen, a year-on-year increase of 5.4%, and attributable net income of 280 billion yen, a year-on-year increase of 15.7%.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.