This advertorial appeared in August 1, 2017 issue of Fortune magazine’s Worldwide edition. Read more…
Our four new core businesses accounted for 26% of total revenues last year… Health care addresses a fundamental human need. Demand is never going to go away.
Canon released earnings and a revised forecast on July 27, 2017, indicating a sharp rise in both sales and profit.
Due to increased demand for laser printers and color copiers, and firm demand for the company’s medical equipment, acquired through its acquisition of Toshiba Medical, Canon expects to book a strong profit in the 12 months ending December 31, 2017. This achievement represents a more than 40 percent increase from the prior year and a greater than 20 percent increase over the prior forecast.
For the first time since the acquisition, Toshiba Medical’s results were included in Canon’s results and forecast as a new business unit. According to the Asia Nikkei, Canon’s medical systems unit, which includes Toshiba Medical, is forecast to generate an operating profit of 20.5 billion yen on sales of 440 billion yen in 2017. Its profitability is likely to grow if Canon can parlay its competitive optical and imaging technology into the development of new hit products.