QUOTE AND NEWS
New York Times  Jan 29  Comment 
The Canon Pixma Pro-100 sells for around half the price of a top-of-the-line model and still delivers luscious color photos.
Benzinga  Jan 28  Comment 
Canon Inc (NYSE: CAJ) reported a 6% gain in its net profit for the October-December quarter. The company's quarterly net profit surged to Y68.09 billion ($578 million), versus a year-ago profit of Y64.25 billion. Its sales gained 2.4% to...
Wall Street Journal  Jan 28  Comment 
Canon said its net profit rose 6% in the October to December period as a weaker yen enhanced the value of its overseas earnings, outweighing falling demand for digital cameras.
Forbes  Jan 27  Comment 
Wall Street is optimistic about Canon, which is slated to report its fourth quarter results on Wednesday, January 28, 2015. Analysts project a profit of 53 cents a share, a rise from 44 cents per share a year ago.Analysts are expecting earnings of...
New York Times  Jan 22  Comment 
As it begins a 16th season, Lincoln Center’s American Songbook series has its most adventurous offerings yet.
Benzinga  Jan 21  Comment 
Canon Inc. (NYSE: CAJ) surged 1.35% to $33.06. The volume of Canon shares traded 2231% higher than normal. Canon's trailing-twelve-month revenue is $31.50 billion. Netflix, Inc. (NASDAQ: NFLX) shares climbed 17.63% to $410.30. The volume of...
Forbes  Jan 11  Comment 
Recent data from Flickr shows Canon as the number one brand, but Apple's hardware is dominating the Top Ten lists. How long until Cupertino captures the prosumer market?
USAToday.com  Dec 23  Comment 
The Canon 5D Mark III's reign is over. All hail the Nikon D750.




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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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