Canon's Q3 Results

[ilya]

To anyone interested ~ Canon Corp's Third Quarter 2003 operating results.

Total Canon Revenue of $6.4 billion is up 9% over same quarter last year. (Full year revs proj $27bln)

Operating profit of $1.1 bln is up 35%.

Camera division represents about 20% of total Canon revenue this quarter, up from 16% same time last year.

Camera division revenue of $1.3 billion is up a whopping 34% over same quarter last year. Camer operating profit of $330 million is up 95%, and is 30% of total Canon op profit. (Full year camera revs are $5.5 bln)

Within the Camera division, digital camera revenue is up 82% and projected to be up 140% in Q4.

Other components of Camera division, Camcorders and Film cameras are down 4% each. Film cameras are expected to be down 40% in Q4, while camcorders would be up about 14%.

The simple math is that digital cameras account for all the growth in the camera division, plus make up for declines in other. Digital cameras account for more then 2/3 of total Canon revenue growth this quarter, and for the year.

Digital camera total market (not just Canon, both compact and DSLR) in 2000 was just over 10 million units. In 2003 that number is about 40 million. In 2006 projected to be 80 million.

Americas represents about a third of total Canon revenue

There will be a quiz on this later

Ilya

[sjprg]

Looks like Canon should kiss us while they **** us.

[ilya]

Perhaps. But everything is relative. And you probably wouldn't be unhappy had you invested in Canon as they're up 40% over past two years. How is Canon doing relative to Nikon is interesting, I didn't spend too much time at it, but it looks like Canon's camera division alone is bigger then entire Nikon Corp's (total revenue). Hmm

[pradeep1]

Be happy Canon is making money and is doing well. Imagine what we would be facing if Canon was losing money and stopping development and support.

I for one believe that Canon is rightly earning the money it is making and deserves to do so.

[Canuck]

sjprg wrote:
Looks like Canon should kiss us while they **** us.

How bout some lube?

[CoolToolGuy]

sjprg wrote:
Looks like Canon should kiss us while they **** us.

Since their prices are competitive, I think they are entitled to whatever profit they make. And as mentioned previously, the profit is one of the things that lets the hits (like the Digital Rebel and the I960 printer) keep on coming.

Have Fun
Rick