Nikkei: Japan’s precision instrument makers forecast profit growth

From Nikkei – Japan’s precision instrument makers forecast profit growth:

“Canon, Nikon and other imaging-heavy precision instrument makers are poised to capture higher operating profit in fiscal 2017 as camera demand rebounds. But companies focused on office equipment sales are seen struggling as that market continues to slump.

Operating profit for Nikon’s camera business is forecast to increase 46% to 25 billion yen ($219 million) for the year ending in March on strong U.S. sales of new single-lens reflex cameras. The segment looks to account for 34% of Nikon’s total operating profit, which is expected to soar 58-fold to 45 billion yen.”

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