"Slowdown" in flash/cameras/high tech
Wednesday July 19, 12:44 am Eastern Time
Canon to brief on earnings revision
TOKYO, July 19 (Reuters) - Canon Inc, Japan's biggest camera maker, said on Wednesday it would hold a news conference at 3:00 p.m. (0600 GMT) for a revision in its group earnings forecast for the year to December 2000.
Canon did not disclose any other details.
Wednesday last week, Canon revised upward its forecast for parent current profit to 150 billion yen for 2000, up from a February forecast of 120 billion yen, against an actual 113.51 billion yen a year earlier.
Canon, also a maker of computer peripheral equipment such as colour printers, said last Wednesday that its sales of computer peripherals and cameras had exceeded their sales targets.
In February, Canon had forecast group net profit of 87 billion yen for 2000, up from an actual 70.23 billion yen a year earlier.
By 0433 GMT, Canon's shares recovered to 5,110 yen, unchanged from Tuesday's close, from opening at 5,010 yen.
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