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Canon Inc (7751.T)

7751.T on Tokyo Stock Exchange

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Thu, Jul 26 2018

UPDATE 1-Canon cuts full-year outlook on slower demand for OLED panel equipment

* Q2 operating profit climbs 4.4 pct to 98 bln yen (Adds comments from executive, background)

Canon posts Q2 profit rise, but cuts full-year outlook

TOKYO, July 26 Japan's Canon Inc reported a 4.4 percent rise in second-quarter operating profit on Thursday, but lowered its full-year earnings outlook due to slower demand for its flat panel-making equipment.

UPDATE 1-Japan's Canon Q1 profit rises 5.3 pct on chip-making equipment demand

* Analysts cautious about OLED panel-making equipment sales (Adds CFO comment, background)

Japan's Canon Q1 profit rises 5.3 pct, misses estimates

TOKYO, April 25 Japan's Canon Inc reported a 5.3 percent rise in first-quarter operating profit on Wednesday due to strong demand of semiconductor-making equipment. The firm, which also makes of cameras and printers, posted operating profit of 77.1 billion yen ($707.14 million) for the three months through March, from a year-before profit of 73.2 billion yen.

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