Canon Reports Steep Declines in Q1 2020 and Refuses to Issue Guidance Due to COVID-19

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When Canon Inc. issued its fiscal-year 2019 financial results in January, we said that Canon was undoubtedly glad to put the disappointing year behind it (see “Canon Ends Dismal 2019, Plans for Growth and More Lawsuits in 2020”). The company issued a sunny forecast for fiscal-year 2020, saying it would achieve sales and profit growth

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