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Canon Inc. Message Board

  • charles_neff charles_neff Jan 28, 2009 2:46 AM Flag

    Canon fourth quarter net income falls 91%

    Oh My.... Geeessshhh - 91%
    This doesn't look pretty at all.
    9% more and ... Oh well, ya know.

    --------------------------------

    Canon fourth quarter net income falls 91% to $130.4 million
    (1:45 AM ET) HONG KONG (MarketWatch) -- Canon

    CAJ 28.84, +0.85, +3.0%) said Wednesday its net income for the October-to-December period fell 91% from a year earlier and offered a negative outlook for its electronics business for the current year. Canon, a maker of cameras, office equipment and precision electronics, said its net income totaled 11.62 billon yen ($130.4 million), down from 127.85 billion yen a year earlier. For the full year Canon's net income fell 37% to 309.15 billion yen on sales of 4.094 trillion yen, an 8.6% slide from 4.481 trillion yen in 2007. Canon said it sees 2009 net profit falling to 98 billion yen.

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