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Canon's Profit Falls 33% in Fiscal Q1

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Canon's (TYO:7751) profit attributable to owners of the parent fell 33% to 48.3 billion yen in the fiscal first quarter from 72.2 billion yen a year earlier.

The photographic and digital imaging company's earnings per share declined to 55.16 yen from 77.22 yen a year ago, according to a Tokyo bourse filing on Thursday.

Net sales rose 3.3% to 1.0934 trillion yen for the three months ended March 31 from 1.0584 trillion yen in the prior year.

For the full year ending Dec. 31, the company expects attributable profit of 333 billion yen, EPS of 388.10 yen, and net sales of 4.765 trillion yen.

Canon plans to pay interim and year-end dividends of 80 yen per share, each, for the current fiscal year, which is the same amount paid in the year-ago period.

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