QUOTE AND NEWS
The Hindu Business Line  Mar 4  Comment 
Camera-maker Canon India is aiming for a 16 per cent growth in its topline this year, its President and CEO, Kazutada Kobayashi, said here.The company reported a turnover of ₹2,026 c...
Reuters  Mar 3  Comment 
Canon Inc Chief Executive Fujio Mitarai said his company had the funds and willingness for more acquisitions this year after a planned 23.6 billion Swedish crown ($2.8 billion)...
Forbes  Feb 27  Comment 
As the megapixel race between Canon and Nikon enters its next phase, it's time to ask just how much is too much.
Forbes  Feb 22  Comment 
As someone with a degree in English, nothing delights me more than people who can effortlessly apply literary canon to technology.
Forbes  Feb 16  Comment 
In a recent Japanese poll, readers were asked to choose which manga they most wanted an anime adaptation of. The classic Crossbone Gundam came out top. To understand why this is more than a fandom footnote, there are two important points you need...
Wall Street Journal  Feb 10  Comment 
Canon said it plans to acquire Axis AB, a Swedish network video solutions provider, in a tender offer valued at $2.8 billion.
Forbes  Feb 6  Comment 
Canon expands its 5D lineup with two 50-megapixel cameras. Here's what you need to know about the highest-resolution DSLRs you can buy.
TheStreet.com  Feb 5  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.  TheStreet Ratings quantitative algorithm...
Benzinga  Feb 3  Comment 
T2 Biosystems, Inc. (Nasdaq: TTOO) a company developing innovative diagnostic products to improve patient health today announced that the company has entered into a multi-year, strategic agreement with Canon U.S. Life Sciences, Inc. to jointly...




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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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