TOKYO (AP) _ Canon Inc. (CAJ) on Tuesday reported first-quarter net income of $395.7 million.

On a per-share basis, the Tokyo-based company said it had profit of 38 cents.

The office machine company posted revenue of $7.57 billion in the period.

Canon shares have decreased 4.5% since the beginning of the year. The stock has declined almost 3% in the last 12 months.

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