Canon Inc. (7751), the world’s biggest camera maker, increased its full-year profit forecast by 16 percent to the highest in four years after the yen weakened.
Net income in the year ending Dec. 31 may be 290 billion yen ($3.6 billion), compared with the 250 billion-yen forecast in January, the company said in a statement today. That was less than the 296 billion-yen average of 22 analyst estimates compiled by Bloomberg. Tokyo-based Canon also raised its operating profit and sales forecast for the year.
The maker of Ixus and PowerShot digital cameras is raising its forecast….