QUOTE AND NEWS
newratings.com  May 11  Comment 
TOKYO (dpa-AFX) - Digital imaging solutions provider Canon U.S.A. announced the new lightweight and compact Canon EF 50mm f/1.8 STM standard lens. Featuring a large maximum aperture of f/1.8, this single focal length lens is ideal for creating...
newratings.com  May 5  Comment 
TOKYO (dpa-AFX) - Canon U.S.A., Inc. announced that it has appointed Akiko Tanaka as president and CEO of Canon U.S. Life Sciences Inc. or CLS, a wholly owned subsidiary of Canon U.S.A., Inc. Tanaka, previously the vice president and COO of CLS,...
Japan Today  Apr 27  Comment 
Japanese camera and office equipment maker Canon said Monday its profits fell nearly 29% in the three months to March, due to reduced demand for cameras. The company said net profit dropped to 33.9 billion yen for the January-March period,...
Benzinga  Apr 27  Comment 
Canon Inc (ADR) (NYSE: CAJ) reported a 28.7 percent decline in its net profit for the first quarter and lowered its earnings guidance for the fiscal year. For the fiscal year, the company now expects a net profit of Y255 billion on revenue of...
Forbes  Apr 24  Comment 
Analysts are looking for decreased profit for Canon when the company reports its results for the first quarter on Monday, April 27, 2015. Canon reported profit of 41 cents a year ago, but the consensus estimate calls for earnings per share of 40...
Reuters  Apr 24  Comment 
Canon Inc said on Friday it owned 84 percent of the shares in Swedish video-surveillance firm Axis AB , and said it was extending the period for other shareholders to accept but...
TechCrunch  Apr 23  Comment 
 London-based startup Lifecake, which offers a photo-sharing app aimed at parents with young children, has been acquired by Canon Europe. Read More
Wall Street Journal  Apr 21  Comment 
Canon aims to spend another $3 billion to buy a company in a growth sector.
The Hindu Business Line  Apr 19  Comment 
With more products in the B2C (business to consumer) and B2B (business to business) segments up its sleeve, Canon India is targeting 15 per cent top line growth in 2015. It posted ₹2...
The Hindu Business Line  Apr 14  Comment 
Targets 10% market share




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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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