QUOTE AND NEWS
The Hindu Business Line  Apr 14  Comment 
Targets 10% market share
The Hindu Business Line  Apr 6  Comment 
Digital camera major Canon has seen fairly consistent growth over the years, despite stiff competition from other big names. But the company has not neglected the potential of the professional...
Reuters  Apr 6  Comment 
Japan's Canon Inc is unlikely to raise its offer for Swedish surveillance camera maker Axis AB for now but won't back out of the deal either, despite pressure from hedge fund...
The Straits Times  Apr 4  Comment 
April 04, 2015 12:28 AM PHOTOGRAPHIC and digital imaging firm Canon has opened an in-house printing facility that will serve the Singapore Sports Hub.
Reuters  Mar 31  Comment 
Hedge fund Elliott Management has raised its stake in surveillance camera maker Axis AB , a disclosure notice showed, possibly putting pressure on Japan's Canon Inc to...
The Hindu Business Line  Mar 30  Comment 
Camera sales drop; Canon, Olympus get ready to change gears to adapt to market reality
Market Intelligence Center  Mar 30  Comment 
MarketIntelligenceCenter.com's option-trade picking algorithms have identified an attractive covered-call trade on Canon Inc. (CAJ). Look at the Sep. '15 $35.00 covered call for a net debit in the $34.05 area. This trade has a duration of 172...
Financial Times  Mar 29  Comment 
Hong Kong-based Oasis helped encourage Nintendo to drop consoles-only strategy
Market Intelligence Center  Mar 27  Comment 
MarketIntelligenceCenter.com's option-trade picking algorithms have identified an attractive covered-call trade on Canon Inc. (CAJ). Look at the Jun. '15 $35.00 covered call for a net debit in the $34.06 area. This trade has a duration of 84...
Reuters  Mar 27  Comment 
Hedge fund Elliott Management disclosed a 7.5 percent stake in Swedish surveillance camera maker Axis AB , potentially raising pressure on Japan's Canon Inc to raise its bid...




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Canon develops, manufactures and sells a wide lineup of copying machines, printers, cameras, optical products, industrial equipment and other products to meet a diverse range of customer needs. The Company has developed its business activities on a global scale. Canon is a registered trademark in over 180 countries and regions around the world. Canon first began implementing its Excellent Global Corporation Plan in 1996, and has since delivered a series of strong performances. In fiscal 2006, the inaugural year of Phase III of the Plan, Canon achieved record earnings and marked its seventh consecutive year of growth in both sales and net income. With the spread of globalization and broadband networks, Canon stands poised to lead a new era in digital imaging and highly effective communication. In addition to strengthening business results for enhanced corporate value, the Company engages in a number of environmental and social contribution activities and focuses on fulfilling its duties to investors and society by stressing good corporate governance.

In the Camera segment, Canon faces Nikon, Olympus, Pentax and Sony (SNE). While with Office Imaging Products, Canon faces Xerox (XRX), HP and others. Finally, the Computer Periphicals segment is the most competitive with many companies offering similar products like printers and scanners.

Trends and Forces

Yen appreciation against Dollar

Canon is embroiled with various foreign exchange forces and due to that fact, it was in early 2008 exposed to an extreme sell-off in the stock due to concerns about a stronger yen affecting profits in 2008. The yen continued appreciating against the dollar through mid-March but the stock has instead appreciated year-to-date as you can see from the chart below. Canon has due to this reason appreciated in value and in the recent weeks increasing almost 30% since early February and 13.48% since the end of 2007.

Image: Canonusdjpychart.jpg

As the graph shows us that the stock has been significantly undervalued over the last year due to a weak yen, however with the yen going up recently, this trend is expected to benefit CAJ.




References

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