Canon Inc. (CAJPY) on Monday reported lower profits for the third quarter, even as sales inched higher from a year earlier.
The Japanese imaging and optical products maker posted profit before tax of 91.830 billion yen, up 2.8% from 89.322 billion yen a year earlier, reflecting an other expense of 11.658 billion in the previous year. The company recorded other income of 2.405 billion yen for the latest quarter.
Operating profit fell 10.3% year-on-year to 88.047 billion yen.
Net income declined to 63.667 billion yen, or 71.46 yen per share, compared with 68.763 billion yen or 71.85 yen per share a year earlier.
Net sales increased 2.3% to 1.104 trillion yen, from 1.080 trillion yen.
Looking ahead to the full year, the company expects sales to increase 2.4% to 4.616 trillion yen. Net income is expected to increase 103.4% to 325.5 billion yen with earnings per basic share of 360.23 yen.
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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.