New York Times  Oct 17  Comment 
For more than 40 years, the Chicago-based artist has made it his mission to paint black figures into the canon.
The Economic Times  Oct 17  Comment 
During the first half of 2016, the camera division contributed about 44 per cent to total revenue for Canon India.
TechCrunch  Oct 14  Comment 
 As a dedicated lover of cyan, magenta, and yellow I welcome Mr. Jones’ addition to the color – or colour – canon. The Colour Venn uses overlapping translucent circles of yellow, red, and blue to display the time. It has an automatic...
Forbes  Oct 11  Comment 
Can comedy transform your pain? Just ask comedians Anna Akana and Groundlings members Jimmy Fowlie and Ariane Price. Akana and Canon partnered with The Groundlings Comedy Troupe to help teen bullying victims get empowered through humor.
TechCrunch  Sep 20  Comment 
 At the Photokina trade show, Sony launched a long-awaited followup to its aging flagship SLR camera. The Sony A99 II sports high-resolution sensors, 5-axis image stabilization, a raft of high-end video features and a hefty price-tag to match....
TechCrunch  Sep 16  Comment 
 Canon’s already got a handful of mirrorless cameras under its belt, but the company hasn’t quite committed itself to the format in the same way we’ve seen from likes of Sony, Olympus and Fujifilm. The company’s latest, unveiled early in...
The Hindu Business Line  Aug 26  Comment 
Eyeing a 50 per cent market share in the DSLR segment, Canon India on Friday strengthened its EOS 5D series, with the launch of EOS 5D Mark IV. Targeted at professional photographers and film makers...
The Economic Times  Aug 26  Comment 
In 2016, camera has a healthy growing of around 8 to 9 per cent, inkjet printer would have growth of 14 per cent while office printer would have 10 per cent growth.


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.


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