Canon published the financial results for Q3 2015.

* Q3 operating profit falls 21% to 71.8 bln yen

* Steep fall had been flagged by Nikkei business daily

* Investments in new businesses also weighed on profit

* Full-year earnings forecast lifted on weaker yen

By Sophie Knight

TOKYO, Oct 27 (Reuters) – Japan’s Canon Inc said quarterly operating profit fell by a fifth as demand for digital cameras slumped and it spent more on developing new businesses, but it nudged up its full-year earnings estimates on a sharply weaker yen.

The consumer shift to smartphones for casual photo taking has pummelled demand for compact cameras, while the growing popularity of lighter mirrorless cameras has taken away market share from higher margin single-lens reflex cameras.

More at Reuters…

 

Canon is investing heavily in new markets. Video surveillance is one of these markets. Canon press release:

Canon develops video content analysis plug-in for network cameras

Realizes coordination with Milestone Systems’video management software

TOKYO, October 9, 2015—Canon Inc. announced today the development of a plug-in that facilitates greater video-analysis efficiency in systems employing multiple network cameras through the combination of Canon’s video content analysis (VCA), which includes multi-person tracking technology currently under development, and Milestone Systems’¹ XProtect^® video management software² (VMS). The plug-in was realized through Canon’s ongoing development of VCA, which makes possible the analyzing and application of data from video captured by network cameras to realize benefits in such fields as marketing and service.

Canon U.S.A. And Ron Howard Release Short Film, “The Rusted”, Starring Josh Hutcherson And Jena Malone For  Project Imagination: The Trailer

“THE RUSTED” is a Psychological Thriller Inspired by a College Student’s Trailer Submission for the Project Imagination Contest

MELVILLE, N.Y., October 23, 2015 – Canon U.S.A., Inc., a leader in digital imaging solutions, debuts a new Hollywood short film, “The Rusted,” as part of Canon’s Project Imagination: The Trailer, a consumer contest helmed by Ron Howard who has championed Canon’s Project Imagination creative experiment since 2011. Ron Howard and Josh Hutcherson (“The Hunger Games”) chose one winning trailer created by Mark Mukherjee, a college student in Florida, as the inspirational foundation for “The Rusted,” a psychological thriller written and directed by Kat Candler (“Hellion”) starring Josh Hutcherson and Jena Malone (“The Hunger Games”).

“The Rusted” is a film about a brother and sister’s attempt to renovate their childhood home into a recording studio, but strange happenings force them to deal with memories from their past. The global premiere of the film took place via a livestream with AOL BUILD, giving consumers everywhere a chance to experience the film, and will now be available at imagination.usa.canon.com.