QUOTE AND NEWS
The Hindu Business Line  Nov 20  Comment 
Customer forum Akosha says complaints against e-tailers have increased recently
The Hindu Business Line  Nov 14  Comment 
Pratilipi, an online magazine from Bikaner where Norwegian and Urdu writers stand side by side, confounds the neat categories of the Indian literary world, literary journal, bilingual literary journal, Indian literary world,
newratings.com  Nov 11  Comment 
TOKYO (dpa-AFX) - Canon Inc.'s (CAJ) Canon U.S.A. Monday unveiled Canon EF 100-400mm f/4.5-5.6L II USM lens, a second generation compact super-telephoto zoom lens. This lens features significant advancements in optical quality,...
The Hindu Business Line  Nov 3  Comment 
Canon India’s Executive Vice-President (EVP) Alok Bharadwaj will now head the company’s operations in Singapore, which is the headquarters of its South East and South Asian businesses, a company s...
Market Intelligence Center  Oct 31  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center have selected a covered-call trade on Canon Inc. (CAJ) that includes 4.11% downside protection. Sell one contract of the Mar. '15...
TheStreet.com  Oct 30  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. aTheStreet Ratings quantitative algorithm...
Japan Today  Oct 28  Comment 
Tokyo stocks fell 0.38% on Tuesday ahead of the U.S. Federal Reserve's next policy meeting, while camera and copier giant Canon sank following a weak profit report. The Nikkei 225 index at the Tokyo Stock Exchange eased 58.81 points to...
TheStreet.com  Oct 27  Comment 
NEW YORK (TheStreet) -- Shares of Canon Inc. areacreeping higher by 0.26% to $30.43 today after the world's largest camera maker raised its forecasts for its full year net income, citing a weaker than expected yen, Bloomberg reports. The...
Wall Street Journal  Oct 27  Comment 
Canon raises its profit outlook for the business year through December, despite the continuing fall in sales of digital cameras.
Canada.com  Oct 25  Comment 
Asked whether ISIS could be reasoned with, Canon Andrew White said, ‘No.’ He added, ‘ISIS is driven by that passion that Iraq has gone very, very wrong’




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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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