Urgent!!!! Canon sinking fast.

Tom K. wrote in post #13845017
You might want to read this: http://www.bloomberg.c​om …r-profit-tokyo-mover.html

So, what is your point?

OK, Nikon has increased it's profit more than Canon has, in percentage terms. That doesn't mean Canon is "sinking fast".

According to that article, Nikon's annual operating profit is 72 billion yen and Canon's is around 250 billion (around 3.25 billion US dollars).

How can you possibly be claiming that a company with 3.25 billion dollars a year profit is in the deep trouble you are making out?

My comment had nothing to do with the relative annual profit increase of Nikon and Canon, it was simply about your histrionics and dramatic "the end is nigh" rhetoric, which is completely ridiculous.

Nikon and Canon have, historically, traded places from time to time as one company pushes ahead. This is good for all concerned. When Nikon are ahead it pushes Canon to be better, and vice versa. Neither company is in any trouble, financially. So what if Canon are changing the president? They want a new person in charge to drive the company forward, that happens all the time, it doesn't mean the company is on it's death bed.

sandpiper wrote in post #13845264
My comment had nothing to do with the relative annual profit increase of Nikon and Canon, it was simply about your histrionics and dramatic "the end is nigh" rhetoric, which is completely ridiculous.

I agree with you on that point.

Swapping millionaires running a company is no cause for alarm.

S.Horton wrote in post #13845993
Swapping millionaires running a company is no cause for alarm.

If I am not mistaken - Nikons president has been at the wheel less than 2 years. Dont see any correlation between change in hierarchy and corporate health there either.

Justaddwata wrote in post #13847036
If I am not mistaken - Nikons president has been at the wheel less than 2 years. Dont see any correlation between change in hierarchy and corporate health there either.

Running a major company is a very stressful thing. Considering that this man has been with Canon since '65, and has been president since '06, I'd say it's time for him to step down. I see this as a good move personally. The market is changing and Canon's board may be realizing that new leadership is needed to maintain their position in this new environment. Of course, it could be personal reasons as well, he was from Canon's lens dept, a lot of which is in northern Japan. There's no telling if that effected him or his family directly. It's possible that the company has recovered enough from the earthquake/tsunami that he can now step down without leaving a mess for his successor. He will be succeeded by the current CEO and chairman, so not likely to be a big shake up.
As far as timing, it's not uncommon for these announcements to be made with earnings reports, and this is no different, being announced with the 2011 Q4 earnings report.
BTW, his successor, Fujio Mitarai, was the president before him. The fact that Mitarai is reluctantly stepping back in indicates that this may be to a large degree what they say it is; Uchida leaving for personal reasons. Come on, the guy is 70 for cryin out loud. Right now the board is looking for a younger replacement, but haven't been able to find one.
All in all, I think Canon is sitting pretty, but may realize the need for new leadership and Uchida is making way for this to happen in as smooth a manner as possible. He will still helm the company until March, so it clearly isn't an "emergency".

Those are big places with very entrenched cultures.

I'm not even sure how much impact the leader could have, unless the leader was crazy or stupid.

Well it seems like everyone is pissed at Canon right now **cough** 24-70 MKII with no IS **cough**. A new CEO is good for the company . Besides they are replacing him with the chairman, not some outside whacko. Soo I think things will probably remain the same.

No hare-kiri no care.

Unlike Nikon Canon has other major lines of business apart from photography. I know this is hard to grasp since this is POTN.

delhi wrote in post #13850216
No hare-kiri no care.

Unlike Nikon Canon has other major lines of business apart from photography. I know this is hard to grasp since this is POTN.

Nikon is a major optics manufacturer for more than just cameras. So they too have more than just photography on their minds.

cdifoto wrote in post #13850333
Nikon is a major optics manufacturer for more than just cameras. So they too have more than just photography on their minds.

Fortunately for Nikon, they have other optics on their mind. Canon on the other hand have printers.

Sirrith wrote in post #13850925
Fortunately for Nikon, they have other optics on their mind. Canon on the other hand have printers.

And cheap calculators!

Canon is a great company, Nikon is a great company. Both of them aren't going anywhere...I just don't think Canon is taking Nikon seriously and once they do, It'll be good news for both fans.

With the release of the Nikon D800, it does stand to reason that the amount of Canon users that will jump-ship to Nikon will cause Canon to flip-over and capsize.

So yes, Canon will be sinking fast at that point.

Bagman wrote in post #13857623
With the release of the Nikon D800, it does stand to reason that the amount of Canon users that will jump-ship to Nikon will cause Canon to flip-over and capsize.

So yes, Canon will be sinking fast at that point.

Hahahaha This is getting quite comical

No big deal here...the CEO changing could be a very good thing.

Bryan