Canon Financial Results For Q3 2018 Published, Sales Are Down A Bit, Still Looks Good

View Post

Canon posted the financial results for Q3 2018. Things still look good for the company.

The Canon EOS M50 sells very good, and Canon acknowledges it.

Within the Imaging System Business Unit, Canon maintained the top share of the overall interchangeable-lens digital camera market, mainly in major countries in Europe and the Americas and in Japan. Within this, sales of mirrorless cameras increased mainly supported by sales of such new products as the EOS Kiss M [the EOS M50, editor’s note]. However, unit sales decreased overall compared with the same period of the previous year due to a temporary slowdown in demand, mainly for entry-level models. As for digital compact cameras, although unit sales decreased compared with the same period of the previous year amid the shrinking market, sales of high-value-added models such as the PowerShot G-series enjoyed solid demand. For inkjet printers, unit sales increased compared with the same period of the previous year, supported by steady sales of home-use models and refillable ink tank models due to the implementation of revised sales strategies tailored to each region. As a result, sales for the business unit decreased by 15.6% to ¥228.3 billion year on year, while operating profit totaled ¥21.4 billion, a year-on-year decrease of 45.3%. Sales for the combined first nine months of the year totaled ¥710.6 billion, a year-on-year decrease of 10.6%, while operating profit totaled ¥80.9 billion, a year-on-year decrease of 30.8%.

How’s the outlook for the imaging segment?

Upon taking into consideration the revised assumptions for sales for interchangeable-lens digital cameras, and postponement of capital investment in equipment by manufacturers in the Industry and Others sector, Canon projects full-year consolidated net sales of ¥4,000.0 billion, a year-on-year decrease of 2.0%; operating profit of ¥335.5 billion, a year-on-year increase of 4.3%; income before income taxes of ¥365.0 billion, a year-on-year increase of 3.1%; and net income attributable to Canon Inc. of ¥251.0 billion, a year-on-year increase of 3.8%.

canon financial
All Q3 2018 financial documents can be downloaded from here. An overview can be read below.

[pdf-embedder url=”https://www.canonwatch.com/wp-content/uploads/2018/10/conf2018q3e-all.pdf”]

Canon PowerShot G7 X Mark III Set To Be Announced Early 2019, With 4K and DPAF?

Canon PowerShot G7 X Mark Iii
View Post

It’s a while that the Canon PowerShot G7 X Mark III is rumored.

Latest rumor suggests Canon may announced the PowerShot G7 X Mark III in January 2019, just ahead of CES 2019.

The PowerShot G7 X Mark III is rumored to have 4K video with Dual Pixel Auto Focus, a new image sensor, a slightly longer zoom range and new ergonomics.

Take it with a grain of salt. We got no hints about the specifications for the PowerShot G7 X Mark III. As plausible as the suggested specs may be, they also sound a bit to good to be true. On the 0ther hand it’s surely true that the PowerShot G7 X Mark II is due for replacement.

All PowerShot G7 X Mark III rumors are listed here.

Stay tuned.

[via CR]

The “R” In Canon EOS R Stays For “Reimagine”, APS-C Model Not Possible, Canon Exec

Canon Eos R Firmware
View Post

DC Watch interviewed Mr. Tsuyoshi Togura, Executive Officer, Canon Inc. Image Communication Division Headquarters.

Its seems the “R” in “Canon EOS R” doesn’t stay for “Revolution”, as was suggested during the Hawaii announcement. It means “Reimagine” followed by “Optical excellence”. At least this is what Mr. Tsuyoshi Togura said in the interview when asked about the “R”. I don’t think the machine translation can get it that wrong.

Machine translated excerpt from the interview:

[when asked about the meaning of “R” in EOS R]

Mr. Tsuyoshi Togura: The development concept word for this new system is “Reimagine optical excellence.” The letter “R” took the first letter of its first word “Reimagine”. However, in the development stage, various words such as “Revert”, “Reborn”, etc. with “R” flickered with the meaning of “redefining” EOS again “to reactivate”. As a result, we have developed the concept of “Reimagine optical excellence.” And decided to use “R” for both product name and system name. I felt that I could put down the feelings of the development team well.

About the advantages of the new RF mount, Mr. Tsuyoshi Togura says that the RF 28-70 mm F/2L and RF 50mm F/1.2L lenses would have been difficult to make for the EF mount because of the resulting size and weight. The RF 28-70 mm F/2L and especially the RF 50mm F/1.2L are the lenses to showcase the capabilities of the system. Mr Togura compares the latter to the Canon EF 50mm f/1.0, which had a comparable role for the EF mount when it was introduced.

And how do the EOS M and the EOS R relate to each other? From the answer we understand that the EOS M system has its own role on Canon’s agenda, and that the EOS R can not be adapted to APS-C format:

Since EOS R is a full-size system, it can not be downsized to EOS M size. EOS M has a role / existence value as an APS-C system.

Here again we think not much could have been get lost in (machine) translation. EOS M system is Canon’s APS-C mirrorless system, EOS R is the full frame system. No intersection, no EOS R with APS-C sensor, as some rumors suggested.

Read the interview here.

Another interview, a very interesting one, is here.

The Canon EOS R and RF lenses are in stock and ready to ship

Please use the links below to put your order (international shipping available).

Order the Canon EOS R in the USA: B&H Photo | Adorama | Canon USA | Amazon

Order the Canon RF mount lenses in the USA: B&H Photo | Adorama | Canon USA | Amazon

Availability should be given also at major retailers in Europe and around the world (you have to check for your country). Please use the links below.

Canon EOS R world-wide order links:

America: B&H Photo, Adorama, Amazon USA, Amazon Canada, Canon Canada, Canon USA
Europe & UK: Amazon DE, Amazon UK, Amazon IT, Canon IT, WEX Photographic, Canon FR, Canon UK, Canon DE

Canon RF mount lenses world-wide order links:

America: B&H Photo, Adorama, Amazon USA, Amazon Canada, Canon Canada, Canon USA
Europe & UK: Amazon DE, Amazon UK, Amazon IT, Canon IT, WEX Photographic, Canon FR, Canon UK, Canon DE

Canon and China Are Closely Connected, Canon China Exec Says In Interview

View Post

China Daily posted an interview with Mr. Howard Ozawa, Executive vice-president of Canon Inc., president of Canon Asia Marketing Group, and president & CEO of Canon China.

The interview is a bit different from the interviews with industry execs we are used to read. If you take the short time needed to read it you’ll get what I mean. This year marks the 40th anniversary of China’s reform and opening-up. China Daily interviewed top executives of well-known multinational companies for their views on the country’s socioeconomic development. Here is the interview with Canon.

Here are some excerpts:

Question: How has your company benefited from the country’s reform and opening-up policy?

Mr. Howard Ozawa: Canon and China have been closely connected with each other since the country began to implement the reform and opening-up policy. In 1979, Deng Yingchao, the wife of former premier Zhou Enlai, came to the Canon headquarters to meet our boss.

Our business in China includes production, research and development, and sales, which are very important segments in the whole value chain.

[…]

Question: What is the most unforgettable experience you have had in China?

Mr. Howard Ozawa: The 2008 Beijing Olympic Games, the 2010 Shanghai World Expo, and the Canon expos in 2011 and 2016 in Shanghai all left deep impressions on me.

Big sports events attract the media from all over the world. Whether they are photographers or journalists, we can see them in the stadium or in the news center. As most of their equipment is Canon, we set up an on-the-ground Canon professional service center, with professional staff to provide services, such as loaning cameras and lenses, as well as offering repair and maintenance.

Read the interview at China Daily.

Thanks Tom for sharing!

Canon CarePAK Is Back, Includes The EOS R, Recent DSLRs, and 13 Lenses (and it’s free)

Canon Carepak
View Post

Canon USA has reintroduced the CarePAK Plus service. Most recent Canon DSLRs as well as the new EOS R, and 13 lenses are covered. CarePAK offers 13 months free accidental damage protection and up to two Canon Maintenance Services.

Canon CarePAK includes:

  •  Protection against Accidental Damage
  • Coverage  from Normal Wear and Tear
  • Free two-way shipping (NEW)
  • $0 Deductible
  • Camera Maintenance and Sensor Cleanings (NEW)
  • Transferable
  • Priority Service

Canon CarePAK is free with every eligible camera purchased between October 21, 2018 and January 5, 2019. Valid only for purchases from Canon USA. More information on Canon USA’s page.

Canon EOS R and RF Lenses on Display at PhotoPlus Expo 2018

Top 10 Cameras Canon Rumors Full Frame Mirrorless Camera Canon Eos R Pro Eos R Canon Lens Explorers Of Light
View Post

Canon press release:

See The Revolution: Canon EOS R Full-Frame Mirrorless Camera and RF Lenses on Display at PhotoPlus Expo 2018

MELVILLE, N.Y., October 24, 2018 – Canon U.S.A., Inc., a leader in digital imaging solutions, will be showcasing its latest in high-quality digital imaging products, including the Company’s first full-frame mirrorless camera, the EOS R, at PhotoPlus Expo 2018. The brand-new EOS R is the latest revolution in the company’s long history of innovative and award-winning camera systems, featuring the newly designed RF mount, which uses groundbreaking RF lenses and has full compatibility with the existing range of EF lenses. Canon will also have its complete line of digital imaging solutions on display, including EOS DSLRs, EF Lenses, PowerShot Digital Cameras, Digital Camcorders and imagePROGRAF PRO Professional Inkjet Printers. Additionally, Canon will host educational seminars and will have its Canon Professional Services team on-site in the Jacob K. Javits Convention Center in New York City, October 25 – 27, 2018 in booth #121.

Click here to open the rest of the article