Feeds

Canon weathers Japanese storms

Profits, turnover up

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Canon showed few signs of being affected by the recession in Japan as it turned in a 10 per cent increase in its gross profits for the first half of its 1998 financial year. The company managed to weather the storm by selling additional printers and peripherals in the US market, although its own domestic market remained weak, it said. The company turned in pre-tax profits of 85.7 billion yen on turnover of 805.7 billion yen, and said that demand for the peripherals it sells rose by 16 per cent, while sales of other IT equipment rose by 12 per cent. It also recorded an increase in camera sales of 13 per cent. According to Canon, the weak state of the yen against the dollar allowed it to make gains of 43 billion yen, and also allowed it to make price reductions on its products. The company predicted that it will make gross profits for the year of 168 billion yen, but that additional tax it will have to pay will reduce its net profits.

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
America's super-secret X-37B plane returns to Earth after nearly TWO YEARS aloft
674 days in space for US Air Force's mystery orbital vehicle
10 Top Tips For PRs Considering Whether To Phone The Register
You'll Read These And LOL Even Though They're Serious
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.