TYO:8060

Jefferies Adjusts Canon Marketing Japan's Price Target to 4,500 Yen From 4,200 Yen, Keeps at Buy

Canon Marketing Japan's Net Income Surges 45% in Q1

Canon Marketing Japan's (TYO:8060) attributable net income surged 45% to 12.8 billion yen for the first quarter from 8.81 billion yen a year earlier.The IT solutions and products company's earnings per share increased to 60.07 yen from 40.43 yen a year ago, according to a Tokyo bourse filing on Wednesday.Net sales rose 2.6% to 171.7 billion yen for the three months ended March 31 from 167.3 billion yen in the prior-year period.For the full year ending Dec. 31, the company expects attributable net income of 42 billion yen, basic EPS of 199.14 yen and net sales of 685 billion yen.The company said that while the interim and final dividends for the year remain undecided, it estimates the full-year dividend at 90 yen per share.