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Coronavirus hobbles Canon's main domains: travel and workplace

With people staying home, demand for cameras and office equipment dries up

The coronavirus is estimated to have cost Canon 210 billion yen in sales and 70 billion yen in operating profit. (Photo by Satoshi Morotomi)

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.

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