Canon's Weakness of Cameras to Be Compensated by Brisk Demand of NAND Flash Memory and OLED panels
Canon’s operating income for March quarter was JPY 77 billion, which is 5.3% above the previous year’s number, but slightly below our forecast of JPY 80 billion. While robust demand for NAND flash memories and OLED panels drove the revenue growth of Industry and Others segment, sales of copiers and compact digital cameras were below our expectation. The reported numbers were fairly in line with our long-term forecasts, and we thus retain our view that revenue growth of new business domains will ...
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