Canon 2012 results show drops in profit and net sales

Canon Inc 2012 Financial Results

With a background of global economic slowdown due to Europe’s debt crisis and the continued appreciation of the Japanese Yen, Canon’s 2012 results include decreases in net sales and profits for 2012.

Net sales for the full year fell from 3,557.4 billion Yen in 2011 to 3,479.8 billion Yen in 2012, a 2.2% fall. Gross profit fell from 1,736.8 to 1,650.0 billion Yen a 5% drop. Canon remains convinced of return to growth in 2013 with a forecast of 3,810.0 billion Yen sales in 2013 some 9.5% up on 2012.

Canon’s corporate site for investors has all the information.

Interchangeable lens cameras and lenses keeps growing

Taking a mention from fellow photographer Drew Gardner on smartphones eating great chunks out of the compact camera market the growth in interchangeable lens cameras and lens becomes ever more important for Canon’s Imaging System business group. Interchangeable lens cameras and lenses accounted for 76% of the entire Imaging business in 2012. Yet compact cameras have experienced slow-downs even in emerging markets like China.

Going forward key target areas for Canon will be network cameras – a rapidly growing market – CINEMA EOS and the companies Mixed Reality systems MREAL.