Canon's Q3 2024 net income climbs 10.7% helped by US sales
Q3 FY 2024 Review by Canon ◼ In the markets which we compete, weak demand in China and Europe, but solid demand overall ◼ Sales of cameras, network cameras and laser printers, which recovered in second quarter, continued to grow steadily in third quarter ◼ Steady growth in commercial printing equipment sales where medium-to long-term market growth is expected ◼ Third-quarter sales up 5.3% from last year and at record high level, also achieved record high in YTD sales ◼ Operating profit up nearly 20%, operating profit ratio one point above last year As for the global economy, although the European economy remains weak and the Chinese economy continues to slow down due to the real estate crisis, overall growth was stable, driven by the solid U.S. economy. In our markets, we saw the same weak demand in Europe and China, but overall demand remained solid. Our sales of cameras, network cameras, and laser printers, which recovered in the second quarter following the completion of inventory a...