Canon camera sales rise for first time since 5 years, report

Things are turning better for Canon. Nikkei Asian Review reports:

TOKYO — Canon’s earnings have found a solid upward trajectory as the company’s long-struggling office equipment and camera businesses rebound with surprising vigor.

The company on Thursday upgraded its forecasts for group earnings for 2017 following a similar revision in April. Canon is now looking for a sharp rise in both sales and profits.

It could even return to being the powerful profit machine it once was if the four new businesses that CEO Fujio Mitarai has been aggressively bolstering start seriously contributing to the bottom line.

Executive Vice President Toshizo Tanaka on Thursday announced Canon’s results for the first half of 2017. “We will be able to achieve growth in both sales and profits for the first time in four years if we can keep our earnings performance in the second half as strong as it is now,” he said.

Read the report at Nikkei Asian Review…

Canon’s financial results for the second quarter 2017 have been released a few days ago.