2017 Guidance Is in Line With our Forecast; Expecting Little Growth on Existing Businesses
Canon reported JPY 228.9 billion operating profit for fiscal 2016, which is a 35.6%, or JPY 126.3 billion drop from the previous year’s number. Japanese yen depreciation was the largest factor damaging its profitability (negative impact of JPY 101.8 billion), and shipment unit declines for laser printer and compact digital cameras were also negative factors (negative impact of JPY 73.8 billion). By segments, the operating margin of the office segment has down to 9.4% from 13.8% on fiscal 2015, w...Canon and its subsidiaries are engaged in the manufacture and sale of office multifunction devices, plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. Co. sells its products principally under the Canon brand name and through sales subsidiaries. Each of these subsidiaries is responsible for marketing and distribution to retail dealers in an assigned territory. As of Dec. 31, 2017, Co.'s manufacturing is conducted primarily at 30 plants in Japan and 18 plants overseas. Co. operates its business in four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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