TOKYO -- Canon said Tuesday that it now sees group net profit soaring 63% on the year to 245 billion yen ($2.15 billion) in 2017, buoyed by its mainstay digital cameras and manufacturing equipment for OLED smartphone displays.
The target, based on U.S. accounting methods, was revealed when the Japanese electronics giant announced its third-quarter earnings. This marks the third time Cannon raised its 2017 outlook. It previously forecast a 46% net profit jump to 220 billion yen.
