Pursuits
Canon Falls After Cutting Forecast on Camera Demand: Tokyo Mover
This article is for subscribers only.
Canon Inc., the world’s largest camera maker, fell the most in two weeks in Tokyo trading after cutting its annual profit forecast on slowing demand as consumers switch to taking pictures with smartphones.
The stock dropped as much as 2.5 percent to 2,580 yen, heading for its biggest decline since Oct. 10, and changed hands at 2,600 yen as of 10:25 a.m. Japan’s benchmark Nikkei 225 Stock Average slid 0.2 percent.