TOKYO -- Canon has posted its first quarterly loss as the pandemic saps sales for a range of products, including printers, cameras and display-manufacturing equipment.
The Japanese company announced Tuesday an 8.8 billion yen ($83.8 million) net loss for the April-June period, down from the year-earlier 34.5 billion yen profit. This marked the first loss since Canon started releasing quarterly results in 2001. Sales dropped 26% to 673.3 billion yen.
