“Our transformation initiatives are yielding results, which give us confidence to raise our full-year earnings guidance despite revenue declines.”
Category: Financial News
Canon projects full-year 2019 consolidated net sales of 3,850.0 billion yen, a
year-over-year decline of 2.6 percent.
Kodak also stated that it had entered into an agreement to sell its Flexographic Packaging Division.
In office printing, HP is expanding its contractual A3 business with the introduction of document-finishing capabilities on a range of systems.
CEO Dion Weisler cited increased economic uncertainties and price sensitivity among its customers for weakness in its printing business.
On February 13th, Toshiba Corporation of Tokyo, Japan, reported financial results for the nine months ending December 31, 2018, with...
OKI Electric Industry Company of Japan recently reported financial results for the nine months that ended on December 31, 2018, reporting net sales of 299.3 billion yen, down 0.7 percent year-over-year.
For its complete fiscal year that will end on March 31, 2019, Toshiba Tec is forecast net sales of 490 billion, down 4.5 percent versus the previous fiscal year.
Selling, general and administrative expenses for Ricoh’s Office Printing group “decreased significantly due to the effect of structural reforms.”
Profit amounted to 33.7 billion yen, an 81.2 percent year-over-year increase.
Sales increased for the Electronic Devices Group and the Industrial & Automotive Components Group as well as for the Document Solutions Group, due in part to contributions from aggressive merger and acquisition activities.
Among the factors affecting its financial results, Epson cited ongoing discounting of ink cartridge printers by competitors in advanced economies.
For the three months that ended on December 31, 2018, EFI reported revenue of $256.9 million, down 5 percent compared to $269.2 million for the same period in 2017.
The company stated that despite the U.S.-China trade war and other economic disruptions, it “secured bottom-line profit…with its profit margin outperforming” the same period a year earlier.
Canon Inc of Tokyo, Japan, today reported financial results for its fourth-quarter 2018 and its full 2018 fiscal year.
Net income for the fourth quarter was $137 million, compared to a loss of $190 million for fourth-quarter 2017. Fourth-quarter EPS was 56 cents per share, an increase of $1.34 versus fourth-quarter 2017.