Canon Posts FY 2018 Financial Results

  • Decline in camera and vacuum deposition equipment sales due to change in market conditions
  • Improved gross profit ratio through product mix and cost reduction
  • Strived to improve expense efficiency through concerted group-wide efforts
  • Compared to last year: Achieved growth in both operating profit and net income
  • Compared to previous projection: Exceeded planned profit level through comprehensive expense management and despite lower than expected sales

Canon is forecasting a 5.0% decrease in Net Income for 2019 (across all businesses) due to the impact of exchange rates. Canon's goals for the imaging system (Cameras) segment for 2019 are:

Strengthen presence in mirrorless camera market

  • Expand lineup of products with the EOS R system at its core
  • Accelerate development of new products

Improve Profitability

  • Raise proportion of full-frame models
  • Expand sales of lenses that have high profitability
  • Expand scope of production automation

Canon FY 2018 Financial Documentation

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Posted: 1/30/2019 9:59:10 AM CT   Posted By: Sean
Posted to: Canon News    Category: Canon Financial Results
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