Canon Inc. (CAJ) reported fourth quarter net income attributable to Canon of 61.56 billion yen, compared to 11.62 billion yen last year.
Net sales declined to 954.06 billion yen from 994.74 billion yen in the prior year quarter.
Moving ahead, Canon projects fiscal 2010 net sales of 3,450.0 billion yen, or US$37.5 billion, a year-on-year increase of 7.5%. The company also expects full-year net income attributable to Canon Inc. of 200.0 billion yen, or US$2.174 billion, a year-on-year increase of 51.9%.
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