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07-21-2019, 09:41 AM   #1
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Canon's profit likely to slide 40% on European slowdown

Canon's profit likely to slide 40% on European slowdown - Nikkei Asian Review

I wonder how much this will impact the camera division.





07-21-2019, 10:02 AM   #2
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Ricoh will present their financial report of the first years quarter (april-june) on july 31th. They are present in a lot of the same markets.
07-21-2019, 11:07 AM   #3
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Market share figures are rather steady, hence the decline of Sony expected as well.
07-21-2019, 11:55 AM   #4
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QuoteOriginally posted by RonHendriks1966 Quote
Ricoh will present their financial report of the first years quarter (april-june) on july 31th. They are present in a lot of the same markets.
I thought this thread was about Canon, Ron?

07-21-2019, 12:08 PM   #5
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QuoteOriginally posted by biz-engineer Quote
Market share figures are rather steady, hence the decline of Sony expected as well.
If you would read the article you would see that its mostly talking about Canon's office equipment business, and that's not a market that Sony in invested in. Maybe I'm wrong. Is Sony a major player in the European office equipment market?
07-21-2019, 12:11 PM - 1 Like   #6
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That must be right that Canon struggle a bit. Five years ago, they wouldn't even dare giving me a Canon camera for trying it, they would say "What do you want to buy? Sorry we don't have time".
This year, I passed by the Canon shop , and they unrolled the red carpet and opened up all boxes for giving me an EOS R and lenses to try. Then I pulled out my K1 from the camera bag to show him and I said "That is a real camera with a good optical viewfinder", I though the Canon rep was going into a depression
07-21-2019, 12:14 PM   #7
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QuoteOriginally posted by BigMackCam Quote
I thought this thread was about Canon, Ron?
It is. If Ricoh doesn't suffer some same struggles (non camera related) then it is simply a Canon problem.

This thread isn't about camera's I think, so maybe move it to another more appropriate place.
07-21-2019, 12:24 PM   #8
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QuoteOriginally posted by RonHendriks1966 Quote
This thread isn't about camera's I think, so maybe move it to another more appropriate place.
The linked article includes references to falling sales in Canon's photographic business, so on balance I think the thread is OK where it is...

07-21-2019, 12:40 PM   #9
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Looking at this chart.

https://s23527.pcdn.co/wp-content/uploads/2019/04/canon-81-percent-drop.jpg.optimal.jpg

The camera business was just over 22 % of their business, but brought in 1/3th of the profit. So that is hurting more then other business branches they are active in.
07-21-2019, 02:28 PM - 1 Like   #10
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From Canon's financial reporting:

FY2018 (January - December)
  • Consolidated sales: 3,951.9bn
  • Imaging System sales: 1,008.2bn = 25.5% of consolidated sales
  • Imaging System \ Cameras sales: 599.9bn = 15.2% of consolidated sales
  • Consolidated operating profit: 343bn (8.7% of consolidated sales)
  • Imaging System operating profit: 117bn (11.6% of Imaging System sales) = 34.1% of consolidated operating profit

1Q FY2019 (January - March)
  • Consolidated sales: 864.5bn
  • Imaging System sales: 176.3bn = 20.4% of consolidated sales
  • Imaging System \ Cameras sales: 97.9bn = 11.3% of consolidated sales
  • Consolidated operating profit: 40.4bn (4.7% of consolidated sales)
  • Imaging System operating profit: 4.7bn (2.7% of Imaging System sales) = 11.6% of consolidated operating profit

The financial report on 2Q FY2019 will be published on the 24th of July at 3pm JST.
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