Canon looks forward to get a good profit increase in printr sales.

Nikkei Asian Review reports:

TOKYO — Canon’s consolidated operating profit for the year ending in December is expected to jump 40% to 330 billion yen ($2.94 billion) thanks to strong printer sales in emerging countries, successful acquisitions and automation.

The imaging and optical product maker first upgraded its profit outlook in April, but will likely do so again since its current performance is ahead of its 270 billion yen estimate. Sales are also expected to top the company’s 4.02 trillion yen forecast, climbing 20% to nearly 4.1 trillion yen. The Tokyo-based company follows U.S. accounting standards.

Laser printer sales have grown in China and emerging countries in Southeast Asia. New high speed models have been popular. Sales of toner and other highly profitable consumables have also risen with the increase in printer sales.

Read the report at Nikkei Asian Review…

Financial troubles for Canon after the EU threatens the company with a big fine.

Reuters reports:

TOKYO, July 7 (Reuters) – Canon Inc’s stock fell to its lowest levels in more than two months on Friday after EU regulators said they may fine it up to 10 percent of annual revenue for jumping the gun in its acquisition of Toshiba Corp’s medical unit.

The EU Commission said it had reached a preliminary view that Canon breached rules by using a so-called “warehousing” two-step transaction structure involving an interim buyer to buy the company prior to obtaining relevant approvals.
Ten percent of Canon’s annual revenue would be roughly equivalent to $2.9 billion.

Read the full report at Reuters…

Rebel SL2 at a glance:

• 24.2MP APS-C CMOS Sensor
• DIGIC 7 Image Processor
• 3″ 1.04m-Dot Vari-Angle Touchscreen LCD
• Full HD 1080p Video Recording at 60 fps
• 9-Point AF System; Dual Pixel CMOS AF
• Native ISO 25600, Extended to ISO 51200
• Up to 5 fps Continuous Shooting
• Feature Assistant; Microphone Input
• Built-In Wi-Fi with NFC and Bluetooth

The new Canon Rebel SL2, world’s smallest DSLR, is in stock and ready to ship at majr retailers for $549: B&H Photo, Adorama, Amazon USA, Amazon Canada, Canon Canada, Canon USA.

More information about the new facility in Burbank, California is here, the folks at NoFilmSchool had the chance to mak a visit.

Canon press release:

New Professional Service & Support Center in Burbank, Calif., Becomes Dedicated Location for Studios, Post-Production Facilities, Suppliers and Professional Organizations

MELVILLE, N.Y., July 13, 2017 – Continuing its support of professional clients in the filmmaking and still imaging communities, Canon today officially opened its doors to its newest Professional Technology & Support Center in Burbank, Calif. Evolving from what began at Canon’s original Hollywood facility, the new state-of-the-art Canon Burbank facility provides these customers with enhanced technical environments and accessible service and support.

Canon Burbank is poised to support Canon’s clients’ productivity through a dynamic mix of product evaluation and testing, product & workflow training, industry events and expedited repairs. Every aspect of the new facility’s design and operation was made in consideration of improving customers’ experience with Canon products from input to output, and in improving access to the highly trained Canon service and support team. Facility highlights include:

• Enhanced on-site repair capabilities

• Industry standard 4K projection and DI capabilities

• Workflow Lab for software training and NLE workflows

• Image lab for in-depth camera & lens testing, demonstration and troubleshooting

• Fully equipped multipurpose room for training, events, demonstration and shooting

• Immersive product showroom

“Since our 2011 launch of Cinema EOS, Canon has been steadfastly committed to exceeding the high expectations of our professional clients in the production community,” said Eliott Peck, executive vice president and general manager of the Imaging Technologies & Communications Group, Canon U.S.A., Inc. “Our new Burbank location represents the culmination of our commitment to listen to our clients, understand their needs and provide them with what they need to bring their artistic and passion projects to life. As Canon continues on its journey to support the production community and evolve with changes in this industry, our mission is now clearer than ever, to be a resource and a beacon for industry professionals.”

At Canon Burbank, customers may now take advantage of walk-in service Monday through Friday, with plenty of convenient parking. The location will feature a steady calendar of educational offerings from top professionals on the latest equipment and filmmaking techniques, the ability to color correct and screen content, and a lab for testing Canon cameras and lenses. The facility’s multipurpose room is also configurable for industry gatherings and special events.

The new Burbank location is yet another extension of Canon Professional Services’ (CPS) powerful support network for the region’s professional photographers, filmmakers, and videographers. CPS members are invited to visit Canon Burbank for all of their service needs, Canon Live Learning sessions, and professional training tailored to their needs.

For a virtual tour and more information on the Burbank facility – usa.canon.com/canon-burbank