Double Increase in Revenue: Canon Released Second Quarter Earnings Report for 2018
The Canon Group released its second quarter earnings report for the second quarter of last week. According to the financial report, in the second quarter of 2018, Canon Group’s turnover increased by 1.4% year-on-year to 1,065.387 billion yen (about 61.9 billion yuan), and net profit increased by 12.3%. It is expected that the turnover and net profit will continue to grow in the whole year of 2018.
In the field of office products, the sales performance of the A3 color digital composite machine imageRUNNER ADVANCE C3500 series and the strategic model imageRUNNER C3020 series for emerging economies have been leaping forward, which has greatly increased the overall sales of digital copiers. In terms of laser printers, sales of new products that are energy-saving, compact, and high-performance have been strong, and they have also driven sales of consumables. As a result, this quarter’s turnover reached 477.7 billion yen (about 29.4 billion yuan), an increase of 1.5%.
In the image system business field, the market share of major countries such as Europe, America and Asia still maintains an overwhelming dominant position, among which the sales of micro-single digital camera EOS M series products continue to grow. In terms of compact digital cameras, the new products of the PowerShot G series, which are known for their high image quality, have continued to be strong due to their high added value. For inkjet printers, sales of refilled high-capacity printers and inkjet large format printers have grown. However, affected by the market, the turnover of this sector in the quarter was 260.5 billion yen (about 16 billion yuan), down 7.8% year-on-year.
In the medical system business area, the CT equipment sold by Canon Medical Systems Co., Ltd. continued to grow, and its market share in Japan remained the highest. In the ultrasonic diagnostic system, the new Aplioi series products with unique high-definition technology continue to grow in the global market. As a result, the turnover in this area reached 94.7 billion yen (about 5.8 billion yuan), a year-on-year increase of 6.9%. .
In the industrial equipment and other product business areas, as the demand for memory continues to grow, the number of semiconductor exposure equipment sales continues to grow. The sales growth of OLED flat panel display manufacturing equipment is still strong. In the field of network cameras, the market continues to expand, and Axis sales have also risen sharply. The turnover in this area increased by 16.1% year-on-year, reaching 2002 billion yen (about 12.3 billion yuan).
It is expected that in the third quarter of 2018, among the world’s major economies, the United States will benefit from the tax reform and the economic recovery will be strong. In the European economy, although the employment rate has increased and personal consumption has been firm, the economy has recovered slowly due to various unclear factors in the UK’s “Brexit” negotiations. China’s private enterprise equipment investment and strong personal consumption have maintained the overall economic upward trend. Emerging countries in India and Southeast Asia are also gradually recovering. The improvement of the employment environment and personal consumption in Japan has contributed to the slow recovery of the economy. Although the global friction caused by trade protectionism has continued, the overall situation is on the rise.
According to the analysis, due to the impact of the macroeconomic environment, the market demand for color digital composite machines is still high in the field of office products. The demand for laser printers in emerging economies is gradually picking up. Although the overall market demand for interchangeable lens digital cameras is not optimistic, the demand for micro-cameras will continue to be strong. The inkjet printer market will return to last year’s level as a whole, due to the recovery in demand from emerging countries. In terms of medical equipment, with the upgrading of advanced national equipment and the new demand of emerging countries, the overall global demand is growing. In the field of semiconductor exposure equipment, the demand for diversified semiconductor components and equipment has increased, so the market is growing. The investment in flat panel display exposure equipment and liquid crystal display manufacturing equipment is improving, so the market scale will continue to expand. In terms of network cameras, the demand for high image quality and image analysis technology is increasing, so the market is expected to continue to grow.
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