The strong Yen has resulted in fifth consecutive quarter of falling sales income for Canon's camera division, compared to the same period in previous years. Despite this, the company's operating profit and profit margin increased, prompting the company to improve its forecast for the next quarter. Total sales for the division fell 8.3% to ¥229 bn ($2,545m) once currency effects have been taken into account, though they actually grew 6.2% in the currencies they were sold in.
Canon camera profits rise despite falling sales
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The strong Yen has resulted in fifth consecutive quarter of falling sales income for Canon's camera division, compared to the same period in previous years. Despite this, the company's operating profit and profit margin increased, prompting the company to improve its forecast for the next quarter. Total sales for the division fell 8.3% to ¥229 bn ($2,545m) once currency effects have been taken into account, though they actually grew 6.2% in the currencies they were sold in.
