Canon and Ricoh profits hitby firmer yen
A firmer yen and slowing US copier sales have hit profitability at Ricoh Co Ltd and Canon Inc, causing Ricoh to miss its latest annual earnings outlook, reported the media.
By Agencies |
Tokyo: A firmer yen and slowing US copier sales have hit profitability at Ricoh Co Ltd and Canon Inc, causing Ricoh to miss its latest annual earnings outlook, reported the media.
Ricoh���s pretax profit has likely come to about 180 billion yen in the year ended March 31, narrowly missing its own forecast of 184 billion yen. Net profit at Canon has likely totalled about 110 billion yen in January-March, down 16% from a year earlier and in line with a consensus estimate of 110.2 billion yen
Ricoh���s pretax profit has likely come to about 180 billion yen in the year ended March 31, narrowly missing its own forecast of 184 billion yen. Net profit at Canon has likely totalled about 110 billion yen in January-March, down 16% from a year earlier and in line with a consensus estimate of 110.2 billion yen
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