Camera and printer maker Canon (TYO:7751) reported solid first-half earnings growth despite a softening global market and lingering impacts from U.S. tariffs, according to its earnings release published Monday.

Net income attributable to owners rose 9.8% to 171.2 billion yen from 155.9 billion yen a year earlier, while earnings per share jumped 17% year over year to 197.36 yen from 169.06 yen.

Operating profit climbed 7.6% to 230.6 billion yen from 214.3 billion yen in the prior year.

Net sales rose 3.5% to a record high of 2.275 trillion yen, up from 2.199 trillion yen in the previous year. The topline was driven by continued sales growth in the compact camera and network camera segments, while recovering memory-related demand bolstered revenue in the semiconductor lithography equipment division.

The company noted that geopolitical tensions in the Middle East triggered higher supply chain and logistics costs, which are expected to add 6 billion yen in expenses by the end of the year. However, this pressure was offset by the depreciation of the yen and a 37.5 billion yen refund related to additional U.S. tariffs.

Looking ahead to the full year, Canon revised its earnings guidance, now expecting net income to grow 2.4% year over year to 340 billion yen, up from its previous 333 billion yuan projection.

Net sales are forecast to climb 3.8% to 4.8 trillion yen, also upgraded from its previous outlook of 4.765 trillion yen.

Canon's shares closed up 5% in Tokyo trading on Monday.