Report
Kazunori Ito
EUR 101.80 For Business Accounts Only

Recovery of Watch and Calculators Will Deliver Relief to the Market; Casio Shares Fairly Valued

Casio Computer’s September quarter results were in line with our expectations. While recovery of digital camera and music instruments is slower than our forecast, robust revenue growth of watches and calculators covered the delay, and a stronger euro and restructuring of the system equipment segment contributed to improving the profitability. Overall, the results do not affect our long-term view for Casio that the company will achieve steady growth on watches and calculators, and Casio’s enterpr...
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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