Canon Posts Record Net Profit, Sales in Jan.-June Period
Posted on: Wednesday, 27 July 2005, 12:00 CDT
Jul. 27--TOKYO -- Canon Inc. reported new half-year highs Wednesday in both group net profit and sales for the January-June period due in part to brisk digital camera sales.
In its consolidated earnings report based on U.S. accounting standards, the leading Japanese camera and office equipment maker booked a net profit of 175.27 billion yen, up 9.0 percent from the previous high of 160.78 billion yen a year earlier.
Sales rose 6.5 percent to 1,755.84 billion yen, also breaking the previous half-year record of 1,648.42 billion yen Canon registered the same period in the last business year.
The favorable showing reflects strong sales of what Canon calls color network multifunctional devices and projection aligners for producing liquid crystal displays, in addition to those of digital cameras, the company said.
Operating and pretax profits grew 6.6 percent and 9.1 percent, respectively, to 270.19 billion yen and 283.73 billion yen.
Net profit per share rose to 197.61 yen from 181.84 yen.
Canon said its gross profit margin fell to 48.4 percent from 50.1 percent due to higher crude oil and materials prices and price competition in the consumer product market.
The company has set its dividend for the just-ended six months at 32.5 yen per share, up from 25 yen a year earlier.
For the entire business year, Canon expects to set new highs in both sales and net profit for the sixth straight year. It projects them at 3,680 billion yen and 367 billion yen against their corresponding figures of 3,467.85 billion yen and 343.34 billion yen the previous year.
Pretax profit is forecast to increase to 594 billion yen from 552.12 billion yen.
Canon plans to set its full-year dividend at 65 yen for the current business year.
-----
To see more of Kyodo News International, go to http://www.kyodonews.com
Copyright (c) 2005, Kyodo News International, Tokyo
Distributed by Knight Ridder/Tribune Business News.
For information on republishing this content, contact us at (800) 661-2511 (U.S.), (213) 237-4914 (worldwide), fax (213) 237-6515, or e-mail reprints@krtinfo.com.
CAJ, 7751,
Source: Kyodo News International, Tokyo
Related Articles
- PotashCorp's First-Quarter Earnings 50 Percent Higher Than Previous Record
- The Natural Foods Merchandiser Reports U.S. Natural Products Sales Top $56.7 Billion With 9.7 Percent Growth
- Campbell Reports Third Quarter Earnings Per Share of $.40 and Expects to Exceed Previous Full-Year Guidance; Net Sales Increase 6 Percent; U.S. Soup Sales Rise 15 Percent
- Softbank Returns to Profitability With Record Sales, Profit
- Toray Profit Up 4.6% on Sales of Chemicals, Carbon Fiber Composites
- Schering-Plough Posts Profit on Drug Sales
- Pfizer 4Q Profit Slips As Sales Retreat
- Hitachi to Book 5.7-B.-Yen Special Profit From Share Sales
- China's Booming T-Shirt and Polo-Shirt Industry is Poised for More Than 30 Percent Export Sales Growth in 2005
- Broadwing Leaps 12 Percent on Sale News
 |
 |
User Comments (0)
RSS Feeds