Despite all the crap thrown at Canon, the giant’s still alive.
Nikkei Asian Review reports:
TOKYO — Canon’s group operating profit is seen topping 250 billion yen ($2.17 billion) for the fiscal year ending December 2017, roughly 10% over the expected figure for 2016, reversing two years of decline on strong earnings from recent acquisitions.
Sales for the Japanese electronics company are seen growing nearly 20% to 4 trillion yen — a height last seen in fiscal 2008. Toshiba Medical Systems, acquired late last year, will likely contribute some 400 billion yen in income. Canon uses American accounting standards.