Operating income Canon fell by 42% in the quarter

Canon has released a financial report for the third quarter of this year. The situation for the company benefits not the best way: revenue decreased by 12.8% to 917 million U.S. dollars. However, the drop in income was much more significant - in comparison with the third quarter 2011 operating income decreased 42.2% to $ 122.5 million. Net income Canon Inc. Amounted to 77.8 million dollars, a decrease of 35.6%. As a result of the past three quarters of revenue was $ 2.6 billion, a decrease of 2.5%. The net profit was $ 187 million, a decrease of 12.7%. As reasons for this negative development the company sees the effect of the ongoing economic downturn in Europe and in emerging markets, including China. A reduction in profit was due to the appreciation of the yen. Also, do not meet the expectations of the new release tsifrozerkalnoy Camera Canon EOS 5D Mark III - Sales in this segment increased, and continued to fall. Other divisions of the company also did not show good results: reduced sales of printers and business solutions retained position without growth. Positive and not expected in the fourth quarter, while year-end Canon predicts asset growth of 5.1%, but net profit declined by 5.9%.