Japanese high-tech giant Canon said on Monday first-half net profit fell on the impact of the March disasters as the yen strengthened, but raised its forecasts amid a faster-than-expected recovery.
The maker of PowerShot digital cameras and office equipment said it had made steady progress in restoring production after the earthquake and tsunami and its ability to limit the impact of the tragedy was "better than expected."
January-June net profit slipped 12.2 percent to JPY109.3 billion (USD1.4b) from a year earlier while operating profit slipped 19.7 percent to JPY160.9b. Sales slipped 2.9 percent to JPY1.68 trillion.
(Source: macaubusiness.com )