QUOTE AND NEWS
The Hindu Business Line  Apr 16  Comment 
Is Canon’s latest EOS 1200D the best choice for first-time users?
The Hindu Business Line  Apr 15  Comment 
Plans major investment in 300 speciality outlets
The Hindu Business Line  Apr 14  Comment 
Camera maker Canon India has launched Canon Business Services (CBS) to focus on becoming a provider of digital document management services and print room services. CBS will help companie...
SeekingAlpha  Apr 12  Comment 
By Alcaraz Research: Illuminati or "enlightened" Seeking Alpha investors deserve another donation of good news for 3D Systems (DDD). You don't need to send me PayPal donation to learn that DDD got a strong helping hand from Canon Marketing of...
Benzinga  Apr 11  Comment 
3D Systems (NYSE: DDD) announced today that it is expanding its partnership with Canon Marketing Japan to include 3DS' complete ProJet professional series of 3D printers, desktop prototyping CubeX 3D printer and Geomagic scan-to-CAD software...
Cloud Computing  Apr 8  Comment 
Canon Information and Imaging Solutions, Inc. (CIIS), a wholly owned subsidiary of Canon U.S.A., Inc., and SNP GL Associates today announced that SNP GL Associates is a Solutions Partner for Canon’s Enterprise Imaging...
DailyFinance  Apr 4  Comment 
NEW YORK, NY--(Marketwired - April 04, 2014) -  B&H Photo Video, a qualified Canon Authorized reseller with the most up to date Canon product information, product pricing and individual promotional offers. See all deals...
newratings.com  Apr 1  Comment 
TOKYO (dpa-AFX) - Canon U.S.A. Inc., a unit of Canon Inc. (CAJ), announced that it has appointed Yoruku Adachi as its new Chairman and Chief Executive Officer effective today. Since 2005, Adachi has been serving as President and CEO of Canon...
Cloud Computing  Mar 27  Comment 
A leading technology services and outsourcing partner for global companies, Ventas Consulting today announced its relationship with Canon Information and Imaging Solutions, Inc. (CIIS), a wholly owned subsidiary of Canon...
DailyFinance  Mar 27  Comment 
Canon U.S.A., Inc., a leader in digital imaging solutions, will be showcasing a number of its imageCLASS multifunction printers and imageFORMULA document scanners at Macworld/iWorld 2014 on March 27 – 29, at the Moscone...




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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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