Benzinga  3 hrs ago  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, butĀ 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.
New York Times  Dec 17  Comment 
Just weeks after church authorities took the final step to reverse centuries of canon law, it appointed the Rev. Libby Lane, a priest for 20 years, as bishop of Stockport.
Forbes  Dec 14  Comment 
Eight new additions to the canon of the Creative Economy
Forbes  Dec 7  Comment 
One of the most commonly requested remakes in the Final Fantasy canon has always been that of Final Fantasy 7. This also being the first game in the series that used 3D graphics on the original PlayStation back in 1997.
Forbes  Dec 2  Comment 
The Canon EOS Rebel T5 (also known as the EOS 1200D) is one of the best DSLR cameras that you can buy for under $500. It makes a great Christmas gift for someone who wants to jump from a smartphone camera or a point-and-shoot. At an MSRP of $449,...
The Hindu Business Line  Nov 20  Comment 
Customer forum Akosha says complaints against e-tailers have increased recently


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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