First Quarter Deficit, Canon Turns A Loss RM 355 million In The Second quarter

( Tokyo, 28th July 2020 ) Affected by the coronavirus epidemic, the demand for office equipment has dropped sharply. Canon recorded a loss of 8.8 billion yen (about 355 million ringgit) in the second quarter of this year, and a profit of 34.5 billion in the same period last year. Japanese Yen.

This is the company's first quarterly loss since it released performance data in 2000.

From April to June, Canon’s sales fell 26% year-on-year to 673.3 billion yen. Canon predicts that this year's consolidated net profit will decrease 66% year-on-year to 43 billion yen.

**Info & Image are taken online