TOKYO, July 27 (Reuters) - Japan's Canon Inc raised its annual operating profit forecast in its second upward revision this year on a recovery in printer sales as well as brisk orders for equipment used to manufacture organic light emitting diode (OLED) screens. The company, which has also seen a pick-up in sales of high-end cameras, forecast profit to rise 44 percent to 330 billion yen ($3 billion) for the year through December. That compares with an average analyst estimate of 297 billion yen and its previous estimate of 270 billion yen.
The upbeat outlook came despite the risk of hefty fines after EU antitrust regulators accused the Japanese firm of jumping the gun in its $6 billion acquisition of Toshiba Corp's medical equipment unit.
It has threatened to impose a fine of up to 10 percent of annual revenue. Canon forecast 4 trillion yen ($36 billion) in revenue for the current year.
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