"In Imaging System, we expect sales and profit of interchangeable lens cameras to decline, due to the continued impact of mainly entry class DSLR market contraction. However, in the area of mirrorless cameras, where we are focusing our energy, the effects of expanding our lineup will continue to lead to sales growth."Canon has been impressing us with its mirrorless system releases, so continued growth in that segment is certainly a reasonable assumption.
Strengthen presence in mirrorless camera marketCanon FY 2018 Financial Documentation
- Expand lineup of products with the EOS R system at its core
- Accelerate development of new products
- Raise proportion of full-frame models
- Expand sales of lenses that have high profitability
- Expand scope of production automation
The U.S. economy, despite showing signs of weakness in investment and other areas, remained on a path of gradual recovery, supported by continued improvement in employment and consumer spending. As for the European economy, although consumer spending and export activity was firm, we could not take an optimistic view as there are concerns over the U.K.’s withdrawal from the EU. In Japan, and in emerging countries like China, no material changes in economic activity were seen. Overall, the global economy was limited to gradual recovery.Additional Resources (Source: Reuters)
Under these conditions, the yen, which at one point in August fell below the 100 yen-to-U.S. dollar mark and remained high throughout the quarter, had a large negative impact on net sales and profits. On top of this, within our businesses, sales of laser printer consumables declined significantly, as they did in the first half of the year, and for cameras, we recorded a 50% decline in compact camera sales. As a result, net sales and profits declined.
|Determined amount||Most recent dividend forecast|
(Announced April 24, 2013)
|Previous period result|
(First half of fiscal year 2012)
|Record date||June 30, 2013||June 30, 2013||June 30, 2012|
|Dividend per share||65 yen||Undetermined||70,270 million yen|
|Total dividend amount||74,932 million yen||60 yen|
|Effective date||August 27, 2013||August 27, 2012|
|Dividend resource||Retained earnings||Retained earnings|
The Company works to provide a stable return and actively return profits to shareholders, mainly in the form of a dividend, taking into consideration medium-term profit forecasts along with planned future investments, cash flow and other factors. The Company plans to distribute an interim dividend of ¥65 per share for the fiscal year ending December 31, 2013 (the 113th Business Term), half the amount of the annual dividend paid out in fiscal year 2012 (includes commemorative dividend), to provide a stable return to shareholders. The year-end dividend, however, has yet to be decided.
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