Canon Inc.

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Canon, Inc. engages in the development, manufacture and sale of office multifunction devices, copying machines, printers, cameras and lithography equipment. It operates through the following business segments: Printing Business, Imaging Business, Medical Business, Industrial Business and Others. The Printing business segment offers MFDs, printers, copying machines for personal and office use and production print products for print professionals. The Imaging business segment manufactures and markets digital cameras and digital video camcorders, as well as lenses and various related accessories. The Medical business segment covers the diagnostic imaging equipment, from CT and MRI systems to ophthalmic and digital radiography equipment. The Industrial business segment develops and manufactures Semiconductor and flat panel display lithography equipment, digital radiography systems, ophthalmic equipment, vacuum thin-film deposition equipment, organic light-emitting diode panel manufacturing equipment, micro motors, computers, handy terminals and document scanners. The Others segment offers handy terminals and document scanners. The company was founded on August 10, 1937 and is headquartered in Tokyo, Japan.

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MRX, CAJPY, NFG, LYTS and MPLX have been added to the Zacks Rank #1 (Strong Buy) List on August 29, 2024.

New Strong Buy Stocks for August 29th

MELVILLE, N.Y., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Canon U.S.A., Inc., a leader in digital imaging solutions, will showcase a demomstration of a customer solution that integrates Canon technology. OSARO Inc. – a San Francisco-based Canon U.S.A. customer that provides sophisticated AI-based robotic perception and picking solutions – will display the OSARO® Robotic Bagging System that uses Canon's optical-encoder-based, durable, and low-cost force-torque sensor at the International Manufacturing Technology Show (IMTS) in Chicago from September 9-14. The solution will be on display at booth No. 134040 in the East Hall at IMTS. Attendees will see Canon place its industrial measurement technology on display, featuring the durable force-torque sensor. The sensor can measure the magnitude and direction of load along three axes and rotational forces. When attached to a robotic arm, a force sensor helps the arm sense the strength needed to handle objects. Canon's force sensors, featuring a simple structure due to advanced optical encoders, are durable, thin, lightweight, and highly precise, with the added benefit of being fully digital to proffer a low-noise effect. It can be installed on robotic arms for various tasks, aiding with automation for areas still reliant on manual work, while being less prone to damage compared to older analog methods due to it being a non-contact structure.

Canon U.S.A., Inc. and Osaro to Showcase a Robotic Bagging Solution That Uses Canon's Force-Torque Sensors at the International Manufacturing Technology Show

U.S. tradeshow debut of varioPRINT iX1700 among the many highlights of the booth in September at the Las Vegas Convention Center U.S. tradeshow debut of varioPRINT iX1700 among the many highlights of the booth in September at the Las Vegas Convention Center

Canon U.S.A., Inc. to Showcase Printing Innovations and Diverse Solutions at PRINTING United Expo 2024

Show marks North American preview of upcoming LabelStream LS2000 inkjet digital label press Show marks North American preview of upcoming LabelStream LS2000 inkjet digital label press

Canon to Display Diverse Lineup at Labelexpo Americas

Melville, NY, July 17, 2024 (GLOBE NEWSWIRE) -- Canon U.S.A., Inc., a leader in digital imaging solutions, today launched two new professional full-frame mirrorless cameras, the EOS R1 and EOS R5 Mark II. The EOS R1 camera is designed for both professional still photographers and video creators in a wide range of fields including sports, news reporting and high-end video production. The EOS R5 Mark II camera features improved video focused features for the advanced creators and real-time multi recognition tracking system for those who focus on still photography.

CANON OFFICIALLY LAUNCHES THE NEW EOS R1 AND EOS R5 MARK II FULL-FRAME MIRRORLESS CAMERAS

Melville, NY, July 08, 2024 (GLOBE NEWSWIRE) -- Canon U.S.A., Inc., a leader in digital imaging solutions, is pleased to announce executive vice president and general manager Seymour Liebman's inclusion on the Long Island Press PowerList for the 12th consecutive year.

Canon U.S.A. Executive Vice President and General Manager Seymour Liebman Named to Long Island Press PowerList for 12th Straight Year

Designed with proven, productive printing platforms; increased functionality; and a new workflow solutions suite, these T-series large-format printers are ideal investments for the Years Ahead. Designed with proven, productive printing platforms; increased functionality; and a new workflow solutions suite, these T-series large-format printers are ideal investments for the Years Ahead.

Canon U.S.A., Inc. Launches the colorWAVE T-Series and plotWAVE T-Series, the Next Generation of Large-Format Printers

New EOS C400 Camera Features a 6K Full-Frame, Back-Illuminated CMOS Sensor, With Triple-Base ISO; New CINE-SERVO Lens Compatible with RF Mount Cinema Cameras New EOS C400 Camera Features a 6K Full-Frame, Back-Illuminated CMOS Sensor, With Triple-Base ISO; New CINE-SERVO Lens Compatible with RF Mount Cinema Cameras

Canon Announces New EOS C400 6K Full-Frame RF Mount Cinema Camera and RF-Mount CINE-SERVO Lens

Melville, NY, June 05, 2024 (GLOBE NEWSWIRE) -- Canon U.S.A., Inc., a leader in digital imaging solutions, announced today a variety of firmware updates for key models in its Cinema EOS and professional camcorder line of cameras, including the EOS C500 Mark II, EOS C300 Mark III, EOS C70, EOS R5 C cameras and the XA75/70, XA65/60 and VIXIA HF G70 camcorders. All updates are a direct result of customer feedback and will be available through a free download at the end of June 2024.

Canon Announces Firmware Updates Delivering Enhanced Features for Cinema EOS Cameras and Pro Camcorders

Canon (CAJPY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Canon (CAJPY) Upgraded to Strong Buy: Here's What You Should Know

Here is how Canon (CAJPY) and IBM (IBM) have performed compared to their sector so far this year.

Are Computer and Technology Stocks Lagging Canon (CAJPY) This Year?

Canon targets to achieve a ROE of 10% or higher in FY 2025 through initiatives such as improving the Medical segment's profitability and optimizing operating expenses. Canon's new share repurchase program and dividend policy contribute to an expected shareholder yield of 5.8%, making it an attractive investment. I retain a Buy rating for Canon, after assessing its 2025 ROE target and its new share buyback plan.

Canon: Focus On ROE Target And Buyback Plan

Here is how Canon (CAJPY) and Applied Materials (AMAT) have performed compared to their sector so far this year.

Is Canon (CAJPY) Stock Outpacing Its Computer and Technology Peers This Year?

SAN MATEO, Calif.--(BUSINESS WIRE)--BarkerBlue, a leader in innovative commercial printing solutions, is proud to announce the latest expansion of its printing capabilities with the acquisition of the state-of-the-art Canon Colorado M Series printer. This addition marks a significant step forward in the company's sustainable printing practices and digital technology. Unlike traditional printers that utilize UV curable and latex (heat curable) inks, the Canon Colorado M Series sets a new standar.

BarkerBlue Extends Commercial Printing Capability with the Introduction of the New Canon Colorado M Series Printer

Japan's Canon said on Tuesday that early interest in its new lithography chipmaking machines is exceeding expectations as it makes a major push to close the gap with Dutch company ASML.

Japan's Canon says interest in new chipmaking tools exceed expectations

Canon's status as the top 5 patent awardees in the US positions it well for growth in the Americas region. CAJPY's investments in R&D have paid off, as seen with the high number of patents that were awarded to the company in the US last year. Canon aims to achieve a net profit margin of over 8% in FY 2025 and increase the Printing division's revenue contribution from the Americas market going forward.

Canon: Positive Read-Throughs From Latest Patent Ranking

Canon has developed a new approach to lithography that reduces costs and energy consumption compared to ASML's EUV systems. Canon's new nanoimprint lithography machine imprints circuit patterns "like a stamp" instead of etching them with lasers. Prior to the emergence of ASML in 2010, two Japanese companies—Canon and Nikon—were the dominant players in the lithography business.

Canon Could Be The Next Big Thing In Tech

Canon has operational advantages in its printing segment and has a strong global presence in various markets. However, the company's financial metrics, including revenue and net margin, are lacking compared to its peers. Based on my valuation measures, Canon is currently fairly valued, but my discounted cash flow analysis does not support an investment at its current price.

Canon Isn't Picture-Perfect

Canon launched its Nanoimprint Lithography semiconductor manufacturing equipment, which has the potential to compete with ASML's EUV technology currently in production at 4nm. Canon's first planned semiconductor application is 3D NAND, followed by DRAM, and then logic chips. Canon won't face direct competition from ASML's EUV in 3D NAND production, but with DRAMs and Logic.

Canon's Nanoimprint Lithography: Finally An ASML Competitor At The 5nm Node

Canon is a Japanese tech company with a credit rating of A and a yield of over 4%. The company's 3Q23 results showed sales and profit increase, but not as much as expected due to softened demand in China and increased competition. Despite challenges, Canon expects a 400B+ Yen operating profit level and offers a potential 15%+ annualized upside on a 15x P/E with strong growth estimates.

Canon: A Lot To Like At A Good Valuation And Growth

The Japanese tech giant has challenged ASML in the lithography market. Canon claims its new NIL systems can match ASML's EUV systems.

Could Canon Become the Next ASML?

Japanese stocks have done well this year as local and foreign investors – including Warren Buffett – moved to the stock market. The Nikkei 225 and Topix indices jumped to multi-decade highs this year.

Canon: This Nikkei 225 company aims to become the next ASML

Canon, the Japanese firm best known for its cameras, launched a critical tool on Friday it says can help manufacture the most advanced semiconductors.

Canon, known for its cameras, launches ASML challenge with machine to make the most advanced chips

Canon Inc.'s current P/B multiple is below its long-term historical mean. The company can potentially improve its ROE by introducing new products, optimizing its business mix, and return more excess capital to shareholders. l have a Buy rating for Canon, as I think that the stock can be valued by the market at a higher P/B ratio when it achieves a better ROE.

Canon: Key Valuation Re-Rating Driver Is ROE Improvement

Canon varioPRINT iX3200 utilized to print latest Anthology volumes for Drexel University-sponsored series Canon varioPRINT iX3200 utilized to print latest Anthology volumes for Drexel University-sponsored series

News for Canon Inc. Stock (CAJPY)