Canon reports on last quarter’s earnings
Net sales up 19.5% to 996.1 billion yen ($6.75 billion)
- Gross profit up 16.3% to 451 billion yen
- Operating profit up 38.7% to 81.4 billion yen
- Net income up 9.7% to 54.1 billion yen
- Printing division net sales up 20.1% to 551.5 billion yen ($3.76 billion)
- Operating profit down 32.7% to 40.6 billion yen
- Office device revenue up 31.6% to 229.5 billion yen
- MFP units up 35%
- MFP revenue of 150,600 million yen ($1 billion)
- Prosumer device revenue up 6.2% to 229 billion yen
- Production print device revenue up 34.4% to 93 billion yen
- Print volume now 80% of Q4 of 2019
- "Due to our global strategy, overseas sales account for approximately 80% of our total revenue and by promoting the return of production to Japan, we are reducing risks and now being positively impacted by the trend of yen deprecation”