Canon Cuts Full-Year Outlook

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BY HIROYUKI KACHI
TOKYO—Canon Inc. cut its earnings outlook for the business year ending Dec. 31, showing the technology heavyweight's pessimistic view of the impact of the strengthening yen and the European debt crisis.

The Tokyo-based company, a bellwether for major Japanese exporters, on Wednesday lowered its net-profit outlook 14%, to ¥250 billion ($3.2 billion) from the previous ¥290 billion, and its operating profit outlook 13%, to ¥390 billion from ¥450 billion.

The revised figures are just 0.6% and 3.2% above last year's, respectively.

Sales are now forecast at ¥3.69 trillion, ...

7/25/1210:40 PM

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