According to Weibo news, Japanese camera maker Canon (Canon) is expected to record a consolidated net profit of about 250 billion yen (1.9 billion US dollars, about 12.55 billion yuan) in fiscal 2022, higher than the outlook announced in January this year. 5 billion yen, an increase of about 20% from the previous year, due to strong earnings expectations for semiconductor lithography machines and security cameras.
According to Nikkei Asia, Canon will report its first-quarter financial results for the January-March period on Tuesday, which will be revised upwards. Net sales are expected to increase by more than 10% from the previous forecast, to about 100 billion yen, or nearly 4 trillion yen.
The report pointed out that as semiconductor manufacturers increase capital investment, the overall sales of semiconductor lithography equipment will increase.
At the same time, for inflation, raw material prices rise, Canon will solve this problem by reducing costs and increasing product prices. In addition, Canon’s operating income will increase by 4 billion yen for every 1 yen decline in the exchange rate of the yen against the US dollar.
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