Report
Kazunori Ito
EUR 100.00 For Business Accounts Only

While Casio’s New Guidance Looks Optimistic, Solid Cash Flow from Watches and Calculators is Intact

Despite the economic slowdown, Casio Computer’s revenue for the consumer segment in the March quarter was fairly flat from the previous year excluding the exit of digital camera business, which suggests that Casio’s mainstay consumer businesses, such as watches, calculators, and electronic dictionaries are resistant to recessions. We are encouraged with the solid revenue, as Casio’s share is supported by its shareholder return, which is underpinned by the rich cash flow from watches and calculat...
Underlying
Casio Computer Co. Ltd.

Casio Computer is mainly engaged in the development, manufacture and sale of consumer electronics. Along with its affiliates, Co. operates in three business segments. The Consumer segment is engaged in the manufacture and sale of watches, clocks, electronic dictionaries, electronic calculators, label printers, electronic musical instruments and digital cameras. Co.'s watch brands include "G-SHOCK," "BABY-G," "PRO TREK," "EDIFICE," "OCEANUS, " "SHEEN," "PHYS," "wave ceptor" and "LINEAGE." The System equipment segment provides handy terminals, electronic cash registers including POSs, office computers, page printers and data projectors. The Other segment manufactures molds and other products.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Kazunori Ito

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