CNN are reporting that Canon have just announced a 9.3% drop in profits for the last quarter - yes, that’s right, a drop as opposed to the usual rise.

“Canon attributed the fall in profit—its first in seven quarters—to the absence of a big pension gain booked in the same period last year. “If it hadn’t been for this, we would have maintained our profit growth momentum. Our business hasn’t worsened,” Toshizo Tanaka, Canon Senior Managing Director, told a press conference.”

Canon digital cameras continue to sell well (tell us something we didn’t already know!)...

Website: CNN - Canon ‘shutters’ at 9% profit drop