Canon Marketing Japan (TYO:8060) reported a 7.5% decline in attributable profit to 8.81 billion yen for the first quarter ended March 31, from 9.52 billion yen a year ago, due to higher expenses and foreign exchange losses.
The marketing solution company's earnings per share rose to 80.86 yen from 73.42 yen a year earlier.
Net sales grew 6.4% year on year to 167.3 billion yen from 157.2 billion yen.
For the year ending Dec. 31, Canon Marketing expects net profit to increase 0.5% to 39.5 billion yen or 362.69 yen per basic share, with net sales increasing 4% to 680 billion yen.
The company plans to pay a full-year dividend of 150.00 yen per share, but has yet to decide on the interim and final dividend amount.
Canon Marketing's shares shed over 3% recently.
Price (JPY): $4667.00, Change: $-140, Percent Change: -2.99%
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