Canon Marketing Japan expects 3% drop

Canon Inc.’s domestic marketing arm, Canon Marketing Japan declared its financial performance for the first six months of 2015. A 35% decrease was posted for net profit at 5 billion yen to total revenue of 314 billion yen, down 4.3%. The profit in operation was 8.5 billion yen, a 31.9% decline. The company posted a 5.4% decline for the first quarter of the imaging business. The revenue declined to 78.6 billion yen with a 42% fall of interchangeable lens cameras, which rose to 53% in Q2 focusing on EOS 7D Mark II and entrylevel models. Therefore the the first 6-months sales dropped by 9%. In Q1, the compact models declined by 23% while in Q2, a 12% gain was noted. Therefore, for the first six months, the revenue declined by 12%. Inkjet printer unit sales went down by 30% and ink cartridge sales noted a decrease of 23%. The total sales value decreased by 28%. In Q2, inkjet printer sales rose to 5% thus in the first six months, 14% down. The company has estimated its imaging sales to be 186 billion yen. Interchangeable lens cameras will record a 2% gain whereas lens-mounted compact models will drop by 8% from an estimate of 6%. The company further stated that mid-class digital cameras priced around 100,000 yen and up along with maintenance service for photocopiers will continue to be favourable.