Within the wake of the relatively strong Q3, Canon today revealed a rather less rosy earnings report for that 4th quarter of 2011. Internet sales for that quarter arrived at ¥964.8 billion (about $12.6 billion), up in the ¥916 billion the organization reported last quarter, but lower about 9.7 percent from Q4 2010. Quarterly operating profit, meanwhile, rose 14.2 percent around the year, to ¥94.6 billion ($1.2 billion). Profit for that full fiscal year, however, rejected by 2.4 % to ¥378.1 billion (roughly $4.9 billion), in comparison using the ¥387.6 billion ($5.1 billion) Canon raked in its 2010. Net gain, however, rose by nearly 14 % over Q4 2010 (¥61.4 billion from ¥54 billion), only .8 percent within the full fiscal year (¥248.6 billion in FY 2011, ¥246.6 billion in FY 2010).
Searching toward 2012, the cameramaker needs net gain to improve to ¥250 billion, which may mark the 2nd straight year of under 1 % growth. This forecast is gloomier than many experts expected, though Canon based its forecasts on presumptions the yen continues to increase against both dollar and also the euro, making Japanese exports more costly in Western marketplaces. It had been from this backdrop of disappointment that company leader and COO Tsuneji Uchida introduced his resignation today, effective March 29th. The 70-year-old Uchida is going to be changed by 76-year-old chairman Fujio Mitarai, with Uchida sliding into an advisory role. Coming off annually that saw a devastating tsunami in Japan and offer chain interruptions in ton-ravaged Thailand, Canon underscored its careful outlook for 2012, inside a statement: "The near future remains progressively uncertain among growing concern on the global economic downturn." Find Canon's full report in the source link, below.
Searching toward 2012, the cameramaker needs net gain to improve to ¥250 billion, which may mark the 2nd straight year of under 1 % growth. This forecast is gloomier than many experts expected, though Canon based its forecasts on presumptions the yen continues to increase against both dollar and also the euro, making Japanese exports more costly in Western marketplaces. It had been from this backdrop of disappointment that company leader and COO Tsuneji Uchida introduced his resignation today, effective March 29th. The 70-year-old Uchida is going to be changed by 76-year-old chairman Fujio Mitarai, with Uchida sliding into an advisory role. Coming off annually that saw a devastating tsunami in Japan and offer chain interruptions in ton-ravaged Thailand, Canon underscored its careful outlook for 2012, inside a statement: "The near future remains progressively uncertain among growing concern on the global economic downturn." Find Canon's full report in the source link, below.
Canon announces middling Q4 2011 earnings report, leader steps lower initially made an appearance on Engadget on Mon, 30 Jan 2012 05:02:00 EDT. Please visit our terms to be used of feeds.
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