Canon Sees Profit Growth on Weaker Yen

Canon Inc. said its net profit for the fourth quarter fell fractionally from a year earlier but forecast a rise in profit for 2013 as its overseas sales get a boost from the yen’s weakening.

While profit slid by 0.4 percent for the three months through December, the Japanese camera and printer maker said it expects a 14 percent increase in net profit to ¥255 billion ($2.81 billion) in 2013 and a 27 percent growth in operating profit to ¥410 billion.

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