QUOTE AND NEWS
Times Online  Oct 1  Comment 
Firing the US literary canon Howard Jacobson, who won the Man Booker Prize in 2010 with The Finkler Question, is...
The Hindu Business Line  Sep 29  Comment 
Fifth edition of Canon's photography initiative saw new talent emerge
DailyFinance  Sep 18  Comment 
Canon U.S.A., Inc., a leader in digital imaging solutions, announced today that the 114,000 square-foot expansion of its distribution center in Norcross, Ga., has been awarded LEED® v4 certification in the “Building Design...
DailyFinance  Sep 18  Comment 
Canon U.S.A., Inc., a leader in digital imaging solutions, has expanded its line of network cameras with ten new feature-packed models in a variety of resolutions and designs to serve the needs of a wide range of video...
TechCrunch  Sep 15  Comment 
 Canon has a slew of new gear out launching today, but among those the most noteworthy are its new 1-inch sensor compact camera, which will go head-to-head with Sony’s RX-100 series, and the new 7D Mark II, a worthy successor to Canon’s...
SeekingAlpha  Sep 9  Comment 
By Reid K.: Editor's note: Originally published on 16 Aug 2014 During the past few years, there has been a lot of attention drawn to Myanmar and the country's growing desire to open up to the world both politically and economically....
DailyFinance  Sep 4  Comment 
Canon U.S.A., Inc., a leader in digital imaging, announced today that the company will make available in October 2014 a free firmwarei upgrade for its DP-V3010 4K Reference Display (launched in January 2014) that delivers...
DailyFinance  Sep 3  Comment 
Canon U.S.A., Inc., a leader in digital imaging solutions, today announced the new imagePRESS C800 Digital Color Press Series, which combines new and proven technology to help deliver the level of print quality, productivity...
The Hindu Business Line  Aug 28  Comment 
The digital imaging company Canon India is eyeing a 10 per cent market share in the digital photo album print space in India in the next three years. Alok Bharadwaj, Executive Vice Presid...
TechCrunch  Aug 27  Comment 
 Watchmaker MB&F aka Maximilian Büsser & Friends is well known for its dedication to the sci-fi cause. Many of the watches – some costing over $100,000 – are reminiscent of robots, steampunk engines, and alien heads. Now, however, you and...




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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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