WIRE REPORTS

Gulf Times Exxon's $7.5bn profit tops Wall St forecasts Gulf Times Sony, the world's second-largest camera maker after Canon Inc, reported April-June operating profit of ¥67bn ($766mn) versus the consensus for a ¥13bn loss ... and more » Hundreds of North American High School Students to Compete at Annual Canon ... MarketWatch (press release) Its parent company, Canon Inc. (NYSE:CAJ) , a top patent holder of technology, ranked fourth overall in the US in 2009+, with global revenues of US $35 ... and more » US ITC to Open Section 337 Investigation on Ninestar Trading Markets (press release) The US International Trade Commission (ITC) has decided to accept a patent infringement lawsuit filed by Canon Inc. (NYSE: CAJ | PowerRating) and kick off a ... Sony surprises with Q1 profit, raises outlook Reuters Sony, the world's second-largest camera maker after Canon Inc (7751.T), reported April-to-June operating profit of 67 billion yen ($766 million), ... and more » Sony surprises with Q1 profit lifts outlook Moneycontrol.com Sony, the world's second-largest camera maker after Canon Inc and the No. 3 maker of flatscreen TVs after Samsung Electronics and LG Electronics made more ... and more » Renewed fears over the global economic recovery brought losses to the Asian ... Forex Pros Third was Canon Inc which rose by 2.15% and closed at 3795 yen. The S&P/ASX 200 fell today by 0.13% or 5.80 points closing at 4524.10. ... and more » Fanuc Learns No News Is Not Good News Wall Street Journal (blog) By contrast, other companies with strong earnings and bright expectations ended higher Wednesday, with Canon Inc. rising 5.7% to and Daihatsu Motor Co. ... EETimes.com Memcon: ASML, vendors to blame for shortages EETimes.com ASML has taken the lead in 193-nm immersion, while rivals Canon Inc. and Nikon Corp. ''are far back'' in the arena, he said. The issue is that ''ASML is ... Kodak Misses Zacks Consensus Zacks.com Kodak's direct competitors include Canon Inc. (CAJ), Sony Corp. (SNE) and FUJIFILM Holdings Corp. (FUJIY). Thus, our long-term recommendation on the stock ... and more » Strong Yen to Dent Profits Wall Street Journal On Tuesday, Canon Inc. offered a glimpse of the type of announcements that may emerge from the spate of export-dependent companies like Sony, ...

DAILY REPORTS

Jul 26 Japan electronics giants face yen, Europe challenge Most of Japan's big electronics firms are likely to report a strong quarter on robust consumer demand, though the yen's gains and a slowdown in key European export markets may weigh on quarters ahead. Canon Inc (7751.T) is seen doubling quarterly profits on healthy sales of high-end cameras [ID:nTOE66J04U], while cost-cutting and firm demand for consumer products are expected to help Panasonic Corp (6752.T) and Sharp Corp (6753.T) reverse the losses they suffered in the April-June period last year. (Reuters) Jun 29 Chinese tourists flock to Japan, lift weak economy For years, Japanese auto and electronics companies have been expanding in China as its economy boomed to offset slow growth at home. But now, Japan's languishing economy is getting a lift from hundreds of thousands of Chinese tourists who are eager to flaunt their newfound wealth by purchasing brand name goods, from Canon digital cameras to Shiseido cosmetics. Last year, a record 481,696 Chinese tourists visited Japan, up nearly 20 percent from 2007, according to the Japan National Tourism Organization. While it's difficult to measure the precise impact of Chinese tourist spending, it is warmly welcomed by Japan's struggling retailers. (AP) Apr 21 Defining 'native English' Regarding the April 15 article "Why do English teachers have to be native speakers?": This headline is a bit misleading, I think. Both India and the Philippines are considered native speaker countries by English academics. English is one of the two official languages of the Philippines, and the efforts of writers like Carlos Bulosan have long placed Philippine writers alongside other native English speakers in the canon (broadly) of English literature. Likewise, English is one of the two official languages of India proper. (Japan Times) Apr 17 Corporate Japan is a little lost in communication Whatever happens to Toyota following the forced recall of millions of its autos, its story will remain legendary. Toyota's rise from humble origins as the "offspring" of a family textile machinery company in a remote area of central Japan to become the dominant global automobile maker and a synonym for quality is astonishing. Along with a small number of other Japanese corporate icons - for example, Sony, Honda and Canon - Toyota was the bright star of the Japanese economic miracle and global challenge. It remains to be seen whether Toyota's current problems are temporary or irreversible. Its current humiliation notwithstanding, it retains tremendous advantages - and in any case, the competition is not that much greater. But, to ensure its global position, Toyota - and most other Japanese multinational corporations - needs a cultural transformation. (Taipei Times) Mar 18 Nikkei drops from 2-month high Japan's Nikkei average fell 1 percent on Thursday, off a two-month high hit the previous day, as property stocks like Mitsui Fudosan retreated on a brokerage downgrade and recent gainers like Canon lost ground. A fall in the euro accelerated profit-taking in Japanese stocks, market players said, after a report saying Greece is not hopeful of aid from the March 25 European Union summit and it may seek aid from the International Monetary Fund in April. (Reuters) Feb 12 Japan Economy Probably Grew Most in Almost Two Years Japan's economy probably grew at the fastest pace since the first quarter of 2008 as a global trade revival fueled demand for the nation's exports. Nissan Motor Co. and Canon Inc. are among companies benefiting from stronger global demand as countries poured more than $2 trillion into their economies to spur growth. Those gains have failed to reach consumers at home, where wages are tumbling and household outlays have been propped up by government incentives that are starting to wear off. (BusinessWeek) Jan 25 Nikkei hits 4-wk closing low, earnings in focus Japan's Nikkei average hit a four-week closing low on Monday as exporters such as Toyota Motor Corp (7203.T) slid on a stronger yen and after Google's revenue figures failed to live up to bullish expectations. But earnings-related media reports prompted much of the action in individual stocks, with Canon (7751.T) climbing on a report that its operating profit appears to have topped initial forecasts due to robust camera demand. [ (Reuters) Oct 28 Japanese Stocks Fall on Profit Concerns; Toshiba, Canon Decline Japanese stocks fell for a second day as companies from ship operators to electronics makers reported weaker earnings or cut forecasts. Leopalace21 Corp. plunged 16 percent after the real-estate company predicted a loss from a profit. Kawasaki Kisen Kaisha Ltd. dropped 4.5 percent, leading declines by shipping lines after widening its loss forecast yesterday. (Bloomberg) Oct 27 Canon suffers profit slump Japanese high-tech giant Canon Inc. said Tuesday that its profits more than halved in the three months to September from a year earlier because of poor sales of electronics and a strong yen. The camera and office equipment maker logged a net profit of 36.7 billion yen (400 million dollars) for the third quarter of its business year, down 55.8 percent from a year earlier. (AFP) Oct 14 Nikkei edges down as banks, exporters weigh Japan's Nikkei stock average edged down 0.2 percent, hit by profit-taking after five days of gains and with exporters such as Canon Inc (7751.T) pressured by a stronger yen. Bank shares such as Mizuho Financial Group (8411.T) slid after their U.S. peers fell ahead of earnings reports from several major banks this week, with JP Morgan Chase (JPM.N) reporting on Wednesday and Goldman Sachs (GS.N) on Thursday. (Reuters) Sep 28 Rising yen leads Japan into a tricky balancing act The yen spiked to an eight-month high against the dollar on Monday, weighing on the stock market and casting a spotlight on the tricky economic policy decisions facing the new government in Tokyo. As investors fretted about the pain that a strong currency means for export behemoths like Sony, Canon and Toyota, the benchmark Nikkei 225 stock index dropped 2.5 percent to close just above the 10,000-point mark, a level not seen since July. (New York Times) Sep 9 Dinosaurs storm Japan Japanese company Canon Inc. is introducing a new exhibition on Augmented Reality technology that allows virtual simulation of ancient dinosaurs. Though extinct for millions of years, the dinosaurs come to life in at Makuhari Messe, an international convention complex in Japan. (thefutureofthings.com) Sep 3 Is Japan gunning for Intel? Japanese business magazine Nikkei Business News reports that a mighty pack of household-name technology firms have joined forces to create a groundbreaking new microprocessor standard. The all-star list of contributors includes Toshiba, Panasonic, Hitachi, and Canon -- a list of adversaries that would strike fear into the heart of anybody, including the mighty Intel. (Motley Fool) Jul 30 Warnings from bellwethers of Japan industry Canon and Hitachi, two of Japan's largest electronics companies, yesterday reported weak results and warned that they expected economic recovery to be slow. Hitachi, the electrical conglomerate known as the "GE of Japan", reported a first-quarter net loss of ¥82.7bn ($876m) and said that "extremely low levels of consumption and production meant that the severe conditions continued". (FT.com) [ More... ]