Canon had a very good financial year, planning to continue double digit mirrorless sales growth in 2018


Canon had a very good financial year (2017) and they are planning to maintain their double digit mirrorless sales growth in 2018:

"Japan’s Canon Inc said it expects operating profit to surge in 2018 to its highest level in a decade, helped by cost cuts in its copier and printer business as well as growth in new fields such as medical equipment and surveillance cameras." (Reuters)

"An unexpected revival in cameras and multifunction printers provided Canon with its first upturn in full-year net profit in three years, the company said Tuesday, while new segments meant to drive growth have yet to truly contribute to earnings. The Tokyo-based manufacturer of office equipment and digital cameras reported a 61% upswing in group net profit to 241.9 billion yen ($2.22 billion) for the year ended Dec. 31. The figure is expected to grow another 16% in the fiscal year just begun, though businesses such as medical care and industrial printing appear to still be finding their footing. Canon calculates earnings using U.S. accounting rules." (Nikkei)

"While a lot of us enthusiasts continue to proclaim the downfall of Canon, their market share remains around 50% and has grown considerably since 2015. The second interesting thing according to the numbers, is while the entire camera market continues to shrink, Canon’s sales have remain pretty much the same over the last 3 years. We see a few camera companies claiming they’re becoming the new market leaders, Sony being the biggest offender, but the numbers simply do not back up these claims." (CanonRumors)

The full slide presentation can be found here.

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