Canon Inc reports first-ever quarterly net loss, cuts dividend payouts


Japan's Canon Inc said on Tuesday it suffered the first quarterly net loss since it started quarterly disclosures in 2001, as the coronavirus outbreak took a toll on demand for office printers and cameras.

The camera and printer manufacturer also said it would halve dividend payouts for January-June to save cash amid the severe business environment, in what would be the first dividend cut in 33 years. ALSO READ: Canon launches EOS R5 and EOS R6 full-frame mirrorless cameras in India The net loss in April-June came to.....

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