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.
Companies
Canon poised for 20% growth in net profit for 2022
Upward revision for year expected on Tuesday with weakening yen as tailwind
Canon's net sales are expected to increase by more than 10% and approach 4 trillion yen this year.
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