Canon Reports Q4 Profit Declines but Strong Full-Year Results and Outlook

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On January 27, Canon reported financial results for the fourth-quarter and fiscal 2010, ended December 31. The firm complained that the strong appreciation of the yen dragged down profits. (Approximately 80 percent of Canon’s revenue comes from outside of Japan.) Canon indicated that the average value of the yen during the year was ¥87.40 against

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