| Canon announces middling Q4 2011 earnings report, president steps down Jan 30th 2012, 09:02  In the wake of a relatively strong Q3, Canon today unveiled a slightly less rosy earnings report for the fourth quarter of 2011. Net sales for the quarter reached ¥964.8 billion (about $12.6 billion), up from the ¥916 billion the company reported last quarter, but down about 9.7 percent from Q4 2010. Quarterly operating profit, meanwhile, rose 14.2 percent on the year, to ¥94.6 billion ($1.2 billion). Profit for the full fiscal year, however, declined by 2.4 percent to ¥378.1 billion (approximately $4.9 billion), compared with the ¥387.6 billion ($5.1 billion) Canon raked in for all of 2010. Net income, on the other hand, rose by nearly 14 percent over Q4 2010 (¥61.4 billion from ¥54 billion), but only 0.8 percent over the full fiscal year (¥248.6 billion in FY 2011, ¥246.6 billion in FY 2010). Looking forward to 2012, the cameramaker expects net income to increase to ¥250 billion, which would mark the second straight year of less than one percent growth. This forecast is lower than what many analysts expected, though Canon based its projections on assumptions that the yen will continue to rise against both the dollar and the euro, making Japanese exports more expensive in Western markets. It was against this backdrop of disappointment that company president and COO Tsuneji Uchida announced his resignation today, effective March 29th. The 70-year-old Uchida will be replaced by 76-year-old chairman Fujio Mitarai, with Uchida slipping into an advisory role. Coming off a year that saw a devastating tsunami in Japan and supply chain disruptions in flood-ravaged Thailand, Canon underscored its cautious outlook for 2012, in a statement: "The future remains increasingly uncertain amid growing concern over a global economic slowdown." Find Canon's full report at the source link, below. Canon announces middling Q4 2011 earnings report, president steps down originally appeared on Engadget on Mon, 30 Jan 2012 05:02:00 EDT. Please see our terms for use of feeds. Permalink |  Canon, Bloomberg | Email this | Comments | | T-Mobile UK launches 'truly unlimited' Full Monty contract, wants to give you everything Jan 30th 2012, 08:27 While beans were vaguely spilled ahead of its official launch, T-Mobile UK today unveiled its latest attempt to differentiate itself from the competitive world of British carriers with a new no-holds-barred tariff. From the network that previously nixed its fair use policy around this time last year, the Full Monty offers up truly -- yes, truly; we checked -- unlimited data alongside unlimited cross network calls and text messages. While the entry-level £36 contract limits calls to 2,000 per month, unlimited calling starts at £41 per month, reaching the dizzying heights of £61 if you're shopping for the latest iPhone. New phones will similarly be absorbed into what is now T0Mob's premier contract. It'll join mobile carrier Three, which was previously the only other major operator to offer unlimited data. Alongside the above package, which includes tethering, T-Mobile phones will also nab access to BT Openzone, the UK's largest WiFi hotspot network. When the Fully Monty launches on February 1st, it'll be accompanied by a new Android app that adds one-click connectivity to those WiFi networks. The deal isn't available SIM-only, although T-Mobile UK's Head of Propositions, Ben Fritsch, told us that the new deal is pitched at users looking to take the smartphone plunge. Its existing collection of tariffs will also see a similar refresh -- but there's no details on those just yet. American readers can gaze with envy at the full release below. Continue reading T-Mobile UK launches 'truly unlimited' Full Monty contract, wants to give you everything T-Mobile UK launches 'truly unlimited' Full Monty contract, wants to give you everything originally appeared on Engadget on Mon, 30 Jan 2012 04:27:00 EDT. Please see our terms for use of feeds. Permalink | T-Mobile UK | Email this | Comments | |
