Canon's Weakness of Cameras to Be Compensated by Brisk Demand of NAND Flash Memory and OLED panels
Canon’s operating income for March quarter was JPY 77 billion, which is 5.3% above the previous year’s number, but slightly below our forecast of JPY 80 billion. While robust demand for NAND flash memories and OLED panels drove the revenue growth of Industry and Others segment, sales of copiers and compact digital cameras were below our expectation. The reported numbers were fairly in line with our long-term forecasts, and we thus retain our view that revenue growth of new business domains will ...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.
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