QUOTE AND NEWS
Japan Today  Feb 21  Comment 
Embattled Japanese electronics maker Toshiba Corp is selling its stake in a medical equipment leasing company to Canon Inc for 3.14 billion yen ($28 million). Toshiba said Tuesday it is selling its entire 65% stake in Toshiba Medical Finance Co...
TechCrunch  Feb 6  Comment 
 If you’re looking for a great camera with interchangeable lenses, I advise you to look at Canon and Sony offerings so you can start building personal expertise. But if you can already shoot and want something unique, then by all means buy...
Japan Today  Jan 31  Comment 
Canon said Tuesday its full-year profits shrank by almost a third in the last year, blaming a slowdown in emerging markets and the impact of a stronger yen. The camera and copy machine maker, however, forecast a rebound in net profit for 2017...
Reuters  Jan 31  Comment 
* Canon says needs to prioritise investment for its own growth
The Economic Times  Jan 20  Comment 
Cannon, which has acquired Sweden's Axis Communications to expand into video surveillance, expects that it would play a big role in this segment along with its Milestone Systems.
TechCrunch  Dec 14  Comment 
 When the Freedom of the Press Foundation published an open letter to Canon, encouraging the company to implement encryption features into its cameras, it missed the point. Yes, encryption per se is a great idea, but when dodging bullets in war...
New York Times  Dec 13  Comment 
Critics got a look at the new “Star Wars” movie this week. Despite a few who called it mediocre, most say it’s a fine entry to the canon.
Forbes  Dec 8  Comment 
The Freemaker Adventures may not be quite Star Wars canon, but its sense of adventure is in the right place.
Motley Fool  Dec 3  Comment 
The PC and print king finishes its fiscal year on a high note, but investors were not impressed.
TechCrunch  Nov 22  Comment 
 Early stage venture firm, Draper Nexus, has closed its second fund at $175 million, according to Managing Director Q Motiwala. Its debut fund closed in 2013, at $50 million. Limited partners in Draper Nexus are global tech conglomerates,...




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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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