Canon Inc.

7751

JP3242800005

Office Equipment

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-19 am EDT			5-day change	1st Jan Change
4,351 ^JPY	-0.80%		-3.35%	+20.19%

Apr. 04	Why maintaining ASML equipment is the new front in US-China chip war	RE
Mar. 28	Canon U.S.A., Inc. Adds Powerful Scanning Capabilities to its ImagePROGRAF Printer Portfolio with Two WideTEK®? Scanners from Image Access	CI

Canon Inc. entered into an agreement to acquire 87% stake in Redlen Technologies Inc. from Pender Private Investments Inc., managed by GrowthWorks Ltd. and others for ¥30 billion.

September 07, 2021

Canon Inc. (TSE:7751) entered into an agreement to acquire 87% stake in Redlen Technologies Inc. from Pender Private Investments Inc., managed by GrowthWorks Ltd. and others for ¥30 billion on September 7, 2021. The transaction is expected to close this fall. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor to Canon Inc. Shahrooz Nabavi, Gary Ott, Brandon Deans, Grant Foster, Michael Coburn, Zaira Petruf and Geoff Pedlow of Fasken Martineau DuMoulin LLP acted as legal advisor to Redlen Technologies Inc. in the transaction.

Morgan Stanley acted as financial advisor to Canon.

Latest news about Canon Inc.

Why maintaining ASML equipment is the new front in US-China chip war	Apr. 04	RE
Canon U.S.A., Inc. Adds Powerful Scanning Capabilities to its ImagePROGRAF Printer Portfolio with Two WideTEK®? Scanners from Image Access	Mar. 28	CI
China's Xi warns against tech 'confrontation' in talks with Dutch PM	Mar. 27	RE
Dutch minister vows to defend ASML interests ahead of China visit -FD	Mar. 26	RE
Vietnam boosts coal imports as it promises investors no more power cuts	Mar. 25	RE
US business equipment borrowings up 4% in February, ELFA says	Mar. 22	RE
Jefferies Adjusts Canon’s Price Target to 4,200 Yen From 3,500 Yen, Keeps at Hold	Mar. 22	MT
Vietnam plans union reform to avert trade woes, risking foreign firms' unease	Feb. 26	RE
US business equipment borrowings up 6% in January, ELFA says	Feb. 23	RE
ASML says geopolitics, new export restrictions remain risks	Feb. 14	RE
ASML's next chip challenge: rollout of its new $350 million 'High NA EUV' machine	Feb. 09	RE
Canon to Begin 100 Billion Yen Share Buyback Program Thursday	Jan. 31	MT
Japan's Nikkei shakes off chip blues to post best January since 1998	Jan. 31	RE
Japan's Nikkei set for best January since 1998 despite chip drag	Jan. 30	RE
Canon Shares Rise Sharply After It Projects Higher Earnings This Year	Jan. 30	DJ
Canon’s Attributable Profit Up 8.4% in 2023 on Higher Sales, Reduced Costs, Weaker Yen	Jan. 30	MT
Japan's Canon says interest in new chipmaking tools exceed expectations	Jan. 30	RE
Canon Inc. announces an Equity Buyback for 33,000,000 shares, representing 3.3% for ¥100,000 million.	Jan. 30	CI
Canon Inc. announces an Equity Buyback for 33,000,000 shares, representing 3.34% for ¥100,000 million.	Jan. 30	CI
Canon Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 30	CI
Canon Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 30	CI
Canon Inc. authorizes a Buyback Plan.	Jan. 29	CI
Canon Inc. authorizes a Buyback Plan.	Jan. 29	CI
US business equipment borrowings up 2% in December - ELFA	Jan. 23	RE
US business equipment borrowings flat year-on-year in November - ELFA	Dec. 20	RE

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Company Profile

Canon Inc. specializes in the manufacturing and marketing of consumer printing materials and electronic equipment. Net sales break down by family of products as follows: - printers (54.8%): laser printers, color printers, etc.; - imaging equipment (19.4%): digital cameras, digital camcorders, inkjet printers, scanners, broadcasting materials, etc.; - medical equipment (12.4%); - other (13.4%): mask aligners by projection, industrial equipment, etc. At the end of 2022, the group had 42 industrial sites located mainly in Japan (29). Net sales are distributed geographically as follows: Japan (21.5%), Asia and Oceania (21.8%), Americas (31.1%) and Europe (25.6%).

Sector

Office Equipment

Calendar

2024-04-23 - Q1 2024 Earnings Release

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Nikkei 225

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Ratings for Canon Inc.

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Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4,386 JPY

Average target price

4,227 JPY

Spread / Average Target

-3.62%

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Quarterly earnings - Rate of surprise

Company calendar

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Other Office Equipment

Canon Inc.

Equities

7751

JP3242800005

Office Equipment

Canon Inc. entered into an agreement to acquire 87% stake in Redlen Technologies Inc. from Pender Private Investments Inc., managed by GrowthWorks Ltd. and others for ¥30 billion.

EPS Revisions