First deficit in Canon three-month financial results New Corona impact July 28 18:12
Due to the spread of new coronavirus infection, Canon's financial results for the three months from April to last month were in the red with a net loss of 8.8 billion yen, the first deficit in the three months. became.
Canon announced its half-year financial results from January to last month and June on the 28th, and sales were 14.5% less than the same period of the previous year at 1,455.6 billion yen, and the final profit was 80.1 % Was 13 billion yen.
The main reason for this was that offices were closed worldwide due to the spread of the new coronavirus, sales of multifunction devices decreased, and sales of digital cameras decreased due to restrictions on going out.
Looking at the financial results for the three months from April to last month, which had a large impact, the final loss was about 8.8 billion yen, and it was the first deficit for the first time in three months. ..
The company has also announced a one-year outlook for what it had previously said to be “undecided,” and is forecasting final profit of ¥43 billion, 65.6% less than the previous year.
The company intends to reduce costs by 15 billion yen, such as by reducing the number of sales staff overseas, mainly in the MFP and camera businesses, in order to strengthen profitability.
Toshizo Tanaka, Vice President of Canon, said in a telephone conference, "Unexpected events such as closures of companies and retail stores, stagnant business negotiations and travel restrictions due to the new coronavirus are occurring all over the world. But it will take some time to recover."