TOKYO -- Japanese camera maker Canon is expected to book a consolidated net profit of about 250 billion yen ($1.9 billion) for the 2022 fiscal year, roughly a 20% increase on the previous year, due to predictions of strong earnings in semiconductor lithography equipment and security cameras.
The figure exceeds the outlook announced by the company in January by 5 billion yen. Raw materials are rising due to inflation, but the company will work around the problem by finding ways to reduce costs and marking up products.
