Canon releases second quarter 2022 financial results

Canon released its Q2 2022 financial results. Here are the details for the Imaging/Cameras division:

As for the camera market, the launch of new mirrorless cameras and interchangeable lenses by each company is supporting continued strong demand. However, due to the global shortage of parts since last year and Shanghai’s COVID lockdown, the supply of products has been insufficient to meet demand. As a result, we expect the market to be 5.45 million units, which is around the same level as last year.

In the second quarter, while the shortage of product supply caused camera body unit sales to continue to be below those of last year, we expect to turn to increase as production recovers from the second half of the year. Even under a situation of declining unit sales, we raised the ratio of full-frame mirrorless cameras for which we prioritize production and sales, and significantly increased RF lens sales to post a double-digit increase in net sales overall.

As for full-year unit sales, mainly due to the impact of Shanghai’s COVID lockdown, we revised our projection to 2.8 million units.

To further enhance our EOS R System, we will launch the EOS R7 and EOS R10. While these two models incorporate APS-C sensors, they also inherit, among others, the autofocus subject detection technology of our high-end model, the EOS R3, and offer high performance in all aspects of still image and video capture. We expect professionals and advanced amateurs to, for example, use these as sub-cameras, and that it will also encourage people to replace their SLR cameras or step-up from entry-class cameras. With these cameras, the launch of two RF-S lenses, we will work to further increase the number of users who adopt our system. (source: Canon)

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