Tough Competition a Concern for Canon, but Dividend Will Support Shares
Canon cut its operating income guidance again for fiscal 2018 from JPY 378.5 billion to JPY 335.5 billion, as: 1) sales of interchangeable lens cameras, or ILCs, were below its expectation; and 2) some order of lithography equipment is postponed to the next year because of the delay on semiconductor investment. While we had mentioned in our previous note that Canon’s guidance on the imaging system segment is too optimistic, the reduction was larger than we had anticipated. Therefore, we cut our ...
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