|Day's Range||608.20 - 608.20|
|52 Week Range||608.20 - 641.51|
|PE Ratio (TTM)||418.58|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Japanese camera and printer maker Canon Inc forecast full-year operating profit to climb 11.4 percent, its first rise in three years, bolstered by earnings from a medical equipment unit it bought from Toshiba Corp last year. The $5.8 billion acquisition of the unit, which makes X-ray scanners and eye examination machines, is part of Canon's strategy to diversify as demand for its cameras, printers and copier machines wanes amid the spread of smartphones and paperless media. The company forecast operating profit to rise to 255 billion yen ($2.3 billion) this year from 228.9 billion in the previous twelve months - in line with an average analyst estimate of 254 billion yen from 19 analysts surveyed by Thomson Reuters I/B/E/S.
Toshiba Corp. is planning to split the sale of a stake in its chip unit among several investors, including Canon Inc. and private equity funds, a person familiar with the matter said.