ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Companies

Canon's first quarter saved by chipmaking tech

Profit up despite falling camera sales, but analysts question outlook

Canon's imaging business has surprised to the upside before, but sales were down in the first quarter.   © Reuters

TOKYO -- Canon clinched a 4% rise in first-quarter profit despite weakness in its mainstay cameras and office machines, thanks to a chipmaking equipment business thriving on Asian demand for semiconductors.

Group net profit rose to 57.1 billion yen ($522 million) for the three months ended in March, with tighter controls on research and development and other costs also contributing to the higher result, the Tokyo-based company reported Wednesday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more