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Canon full-year net profit drops by 9.7%, says yen partly to blame

AFP
January 31, 2013, 11:26 am TWN

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TOKYO -- Japanese electronics giant Canon said Wednesday its full-year net profit fell 9.7 percent last year as it was hit by a slowdown in demand from debt-hit Europe and an export-sapping strong yen.

The camera and office equipment maker said earnings slipped to 224.6 billion yen (US$2.5 billion) in 2012, compared to 248.6 billion yen a year earlier.

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