It seems that bad luck for Canon is increasing as it has now announced it's middling Q4 2011 earnings with the net sales slightly increasing to $12.6 billion. Quarterly operating profit also increased at 14.2 percent to $1.2 billion. Profit for the full year however decreased 2.4 percent to $4.9 billion. Last but not least net income rose a disappointing 0.8 percent for the whole year. The company does predict better net income for 2012 but that comes as hardly good news when company president and COO Tsuneji Uchida announced his resignation today, effective March 29th. Through all of these news Canon has issued this statement: "The future remains increasingly uncertain amid growing concern over a global economic slowdown."
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