Watches and Calculators Remain Healthy, but Further Action Is Necessary for Weaker Businesses
Casio Computer’s operating income for the December quarter amounted to JPY 7.1 billion, below our forecast of JPY 10 billion. While watches and calculators maintained high margins and were in line with our forecasts, other weaker businesses--such as digital cameras, music instruments, and projectors--came in much lower than our expectations. In particular, digital camera revenue declined 30% from the previous year, suggesting that market contraction and tough competition are becoming critical i...
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