Canon Inc. shares fell 7.9% after cutting FY2026 operating profit forecast to ¥456 bn, below consensus ¥475 bn.
Q1 operating profit dropped 26.1% YoY to ¥71.4 bn, missing analysts’ estimate of ¥93.3 bn, due to weaker industrial mix and higher costs.
The revision adds ¥50 bn of semiconductor memory cost increases and excludes potential prime cost rises from Middle East geopolitical risks.