Canon Q1 Profit Drops 33% and Guidance Cut

Canon reported Q1 net profit of 48.3 bn yen, down 33.1% YoY, and operating profit of 71.4 bn yen, down 26.1%.
The firm lowered its outlook, forecasting FY operating profit of 456 bn yen (flat YoY) and net income of 333 bn yen (marginal rise).
Tokyo‑listed shares dropped nearly 7% to ¥4,074 by 01:54 GMT, while Canon reaffirmed its annual dividend of ¥160 per share.
Higher SG&A and R&D expenses squeezed margins, with imaging growth offset by weaker performance in printing, medical and industrial segments.