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Canon raised its full-year net profit forecast above analyst estimates.
Canon has raised its consolidated net profit forecast for the fiscal year ending December 2026 to 340 billion yen, up from 333 billion yen. The new forecast exceeds the average estimate of 315.1 billion yen from 12 analysts compiled by IBES. The company had lowered its forecast in April due to rising memory costs and the Middle East situation, but has now revised it upward again.
Canon raised its full-year net profit forecast above analyst estimates.