Operating profit also surged 74.1 percent from JPY 59.9 billion ($742.9 million) to JPY 104.4 billion ($1.2 billion).
Sales in the office segment grew 25.6 percent, from JPY 403.6 million to JPY 506.9 million ($60.3 billion). Operating profit increased 30.3 percent to JPY 76.3 billion ($908 million).
Canon said that demand for digital multifunction devices (MFDs) recovered, mainly for colour models. And laser printers have “rebounded steadily compared with the previous year”.
In its financial report, Canon said: “While sales volume of colour network digital MFDs increased by 38 percent boosted by the recovery in demand for office equipment along with the introduction of new imageRUNNER ADVANCE-series products, sales volume for monochrome models increased by 24 percent, reflecting the recovering market conditions.
“Laser printers, which suffered sluggish sales in the corresponding quarter of the previous year largely due to an adjustment of inventory levels, recorded an increase in sales volume of 61 percent.”
Canon added: “Looking back at the global economy in the third quarter of 2010, economic conditions continued to improve broadly throughout the world.
“In Japan, consumer spending showed signs of recovery thanks to the effects of such efforts as domestic economic stimulus measures, while in the United States, consumer spending grew steadily despite the unemployment rate remaining at a relatively high level and other concerns.
“While Europe recorded growth in exports, the pace of economic recovery remained modest as financial concerns within the region were not fully eased.
“The Asian economies, such as China and India, along with other emerging countries, recorded stable expansion.”