Sales boost at Canon

27 April 2005 – Tokyo (JPN): Canon has reported Q1 net sales of Â¥843.4 billion ($7.882 billion), a year-on-year increase of 5.7 per cent.

Net income came in at ¥93.1 billion, a y-o-y increase of 10.4 per cent.

Senior managing director and group executive for finance and accounting at Canon, Toshizo Tanaka, said: "The increase in net sales was due to strong sales of colour copying machines and colour laser beam printers as demand for office colour has increased, and stable sales of digital cameras.

"Although a difficult environment is expected in the second quarter and for the full year, we expect to exceed our sales and profit results of last year and achieve our sixth consecutive year of sales and profit growth," he added.