Canon gets a 10% profit prediction for 2017 after 2-year drop, report suggests

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.

Read the report at Nikkei Asian…