QUOTE AND NEWS
Cloud Computing  Jul 31  Comment 
Canon U.S.A., Inc., a leader in digital imaging solutions, today unveiled six new models in its imagePROGRAF lineup: four new five-color, large-format inkjet printers – the 36-inch iPF785 and iPF780 models, and the 24-inch...
Cloud Computing  Jul 28  Comment 
TerraSky Inc., a leading provider of drag and drop solutions for designing pages with clicks, not code on the Salesforce1 Platform, announced today that it has formed a relationship with Canon Information and Imaging...
Wall Street Journal  Jul 24  Comment 
Canon said its net profit jumped 22% in the April to June period thanks to surging sales of multifunction office devices and industrial equipment.
Forbes  Jul 23  Comment 
Canon is expected to report lower second-quarter earnings on Thursday, July 24, 2014. Analysts are expecting a 14% drop in earnings from a year ago. The consensus estimate is 50 cents per share, down from earnings of 58 cents per share a year...
Cloud Computing  Jul 23  Comment 
Twice a year, Buyers Laboratory LLC (BLI) recognizes printing hardware and software that deliver outstanding performance within their respective industry categories. Canon U.S.A., Inc., a leader in digital imaging solutions,...
Cloud Computing  Jul 17  Comment 
Canon U.S.A., a leader in digital imaging solutions, today added a new office document scanner to its imageFORMULA lineup: the DR-C225 Office Document Scanner. With an innovative, upright design and the ability to scan a wide...
DailyFinance  Jul 15  Comment 
Canon U.S.A., Inc., a leader in digital imaging solutions, today unveiled the results of its inaugural Workflow Optimization StudyI, which uncovered trends in how document management workflows impact day-to-day operations of...
Cloud Computing  Jul 8  Comment 
Developed to extend the award-winning Canon imageRUNNER ADVANCE platform to businesses seeking an advanced color workgroup print solution, Canon U.S.A., Inc., a leader in digital imaging solutions, today announced the ...
Cloud Computing  Jul 8  Comment 
Canon U.S.A., Inc., a leader in digital imaging solutions, today announced the addition of two CanoScan LiDE Color Image Scanners – the LiDE 220 and LiDE 120 scanners to the current lineup. These compact, lightweight...




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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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