GenEng News  Sep 9  Comment 
Canon BioMedical, a wholly owned subsidiary of Canon U.S.A. formed in March to serve the life sciences and molecular healthcare markets, today said it launched its first commercial products. Canon BioMedical has brought to market its...
Market Intelligence Center  Aug 27  Comment 
Canon Inc. (CAJ) presents a trading opportunity that offers a 3.56% return in just 113 days. A covered call on Canon at the $30.00 level expiring on Dec. '15 offers an assigned return rate of 3.56% or 11.48% annualized. This trade offers 4.61%...
newratings.com  Aug 18  Comment 
TOKYO (dpa-AFX) - Canon U.S.A., Inc., Tuesday announced enhanced printers for its PIXMA printer line: the PIXMA MG7720, the PIXMA MG6800 series and the MG5700 series of Wireless Inkjet All-in-One printers. According to the company, these are...
newratings.com  Jul 27  Comment 
TOKYO (dpa-AFX) - Japanese camera and printer maker Canon Inc. (CAJ) reported Monday that its second-quarter net income attributable to the company declined 15.7% to 68.20 billion yen or $558.98 million from last year's 80.85 billion...
Market Intelligence Center  Jul 9  Comment 
For a hedged play on Canon Inc. (CAJ) MarketIntelligenceCenter.com’s patented trade-picking algorithms recommend the Dec. '15 $30.00 covered call for a net debit in the $29.14 area. That is also the break-even stock price for the covered call....
Benzinga  Jul 6  Comment 
In a report published Monday, Goldman Sachs analyst Toshiya Hari upgraded the rating on Canon Inc (ADR) (NYSE: CAJ) from Sell to Neutral, while removing the company from the Japan Sell List. The price target has been raised from ¥3,300 to...
newratings.com  Jun 18  Comment 
TOKYO (dpa-AFX) - Canon Inc. (CAJ) Thursday reported an addition to its G-series of premium compact digital cameras - the Canon PowerShot G3 X. According to the company, this camera is ideal for photographers looking for DSLR-style features and...
guardian.co.uk  May 24  Comment 
When anti-capitalist protesters set up camp on the steps of St Paul’s in London, its canon chancellor found himself at the heart of a crisis that shook the church even more than the City. As a new play, Temple, explores the affair, he questions...
newratings.com  May 13  Comment 
TOKYO (dpa-AFX) - Canon U.S.A. Inc. Wednesday reported two new additions to its portfolio of Canon Image Stabilizer binoculars with the 10x30 IS II and 12x36 IS III. While all current Canon binoculars are equipped with an image...


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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