Canon Group Releases 2020 Second Quarter Financial Report: Looking To The Future
The new crown pneumonia epidemic continued to spread across the world this quarter, causing substantial economic turbulence and continued decline in the economic situation of countries around the world. But under this circumstance, with the gradual recovery of China’s market economic activities, domestic demand and exports have gradually improved, and China’s economy has turned from a decline to growth this quarter. On July 28, 2020, Canon Group released its 2020 second quarter financial report. According to the financial report, the Canon Group’s turnover in the second quarter of 2020 decreased by 25.7% year-on-year to 673.3 billion yen. During the special period of the new crown pneumonia epidemic, the trend of home office and study in developed countries and China has greatly increased the demand for inkjet printers, and the number of sales has achieved year-on-year growth. At the same time, the market demand and sales of CT equipment and X-ray diagnostic equipment and their parts for pneumonia examinations have also increased. In the field of semiconductor exposure equipment, the investment performance for the data storage business is eye-catching, and the number of units sold has increased significantly year-on-year.
In the office product business area, although the new imageRUNNERADVANCEDX series was released, the office closed due to the pneumonia epidemic caused by the new crown virus, which affected the progress of sales and installation of the product and caused the office The number of sales of digital copiers and copiers for the production-oriented digital short-run printing market decreased year-on-year. With regard to laser printers, due to the economic downturn, the sales of monochrome and color printers showed a downward trend compared with the same period last year. In addition, in terms of services and consumables, due to the long-term impact of office closures, users’ print volume has dropped sharply, and its sales have also declined. As a result, the turnover in this field for the quarter fell 30.2% year-on-year to 307.5 billion yen.
In the imaging system business field, in terms of interchangeable-lens digital cameras, although the decline in sales centered on developed countries at the end of the quarter was curbed, the Sales activities were affected, and the number of units sold decreased compared to the same period last year. Regarding inkjet printers, although the number of units sold in emerging market countries has been reduced year-on-year due to the impact of the epidemic, in developed countries and China, the demand for remote office and online teaching has increased, which has increased printer sales. Therefore, the overall inkjet printers The number of units sold has increased compared to the same period last year. Based on the above factors, the turnover in this quarter decreased by 30.8% year-on-year to 141.7 billion yen.
In the medical system business area, sales of CT equipment, X-ray diagnostic equipment and their parts for pneumonia examinations have increased, but due to the impact of the new crown pneumonia epidemic, academic The cancellation of conferences and exhibitions has reduced sales opportunities, and the installation of equipment in medical institutions has also been delayed. Affected by the above factors, the turnover in this field for the quarter fell 3.1% year-on-year to 101.9 billion yen.
In the business area of industrial equipment and other products, in terms of semiconductor exposure equipment, investment in data storage business performed strongly, and the number of units sold increased significantly year-on-year. In terms of FPD exposure equipment, although the demand for laptops and tablet computers has expanded, the logistics restrictions caused by the epidemic have made the delay of equipment installation inevitable. Therefore, the number of sales has declined year-on-year. In the field of network cameras, the existing demand for security and disaster monitoring continues to increase. At the same time, the diversified application market based on image analysis is also expanding. However, due to the stagnation of sales activities due to the new crown pneumonia epidemic, sales in the field of network cameras have declined year-on-year. In summary, the turnover in this quarter decreased by 22.4% year-on-year to 139.3 billion yen.
Looking ahead to the world’s macroeconomic trends, due to the continuous spread of the new crown pneumonia epidemic, the stagnation of economic activities is expected to continue. Although various countries and regions have issued corresponding economic and financial policies, the trend of economic development is still opaque. It is predicted that it will take some time before the spread of the epidemic is brought under control and the world economy begins to recover substantially. However, the magnitude of the economic downturn in the second half of the year is expected to slow down and the economy will slowly pick up.
analysis pointed out that due to the impact of the macroeconomic environment, in the office product business area, the sales of laser printers are expected to gradually improve, but due to the economic downturn, the overall Sales expectations are lower than last year. In the field of interchangeable-lens digital cameras, the overall market is expected to continue to shrink, but in the third quarter, with the enhancement of the product line, two new full-frame micro-cameras EOSR5 and EOSR6 will be fully launched and will continue to be used in sales activities. In the field of inkjet printers, with the increase in home demand, the market is expected to remain strong. In the medical system business, affected by the continuous spread of the new crown pneumonia epidemic, it is expected that the recovery will only be slow. In the field of semiconductor exposure equipment, investment in storage equipment is expected to continue to perform strongly, but the market for sensors and vehicle-mounted equipment will tend to stagnate. At the same time, in terms of FPD exposure equipment, investment in small and medium-sized panel production equipment will still be in the adjustment stage, but investment in large-scale panel production equipment is expected to rise. In addition, in terms of network cameras, the demand for high-resolution cameras and image analysis solutions equipped with such equipment has also increased, and the overall market is expected to turn better again.
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