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    7751   JP3242800005

CANON INC.

(7751)
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Canon : Production Printing and Rodden Graphics join forces to market LabelStream 4000 series in Australia and New Zealand

06/11/2021 | 09:36am EDT

Canon Production Printing has signed an agreement with Rodden Graphics to promote and distribute its UV inkjet press, the Canon LabelStream 4000 series, from the beginning of May 2021.

Through the arrangement, Canon Production Printing is set to continue and solidify the expansion of its successful presence in Europe to the Oceania label printing market.

The agreement between Canon Production Printing and Rodden Graphics comes on the back of the identification of a significant requirement in the region for digital label printing, driven by an increasing demand for manufacturing flexibility, on-demand production, high quality and reliable output.

Local sales and service provider, Canon Production Printing Australia, will support the installation and servicing of the LabelStream across the Australian and New Zealand market via their established and renowned service network.

Craig Nethercott, Managing Director, Canon Production Printing Oceania, says, 'We're confident that we can assist label converters looking to extend profit streams via digital print solutions. To support this growth, the LabelStream 4000 series will be available in both its core solution, providing the ideal introduction into the world of high performance inkjet label printing, as well as its hybrid configuration, enabling a complete inline production of high-quality, self-adhesive labels and a fully integrated, single-pass label conversion line.'

Walter Vogelsberger, VP Digital Packaging Print, Canon Production Printing, says, 'With its strong channel presence and established relationships, Rodden Graphics is a trusted partner for its many customers and will be able to increase the value it adds by offering the Canon Production Printing solutions to the Oceania label market.'

'Australia is an important market in terms of growth opportunities and the cooperation with Rodden Graphics is a perfect fit to provide customers with access to Canon's cutting-edge technology supported by our excellent service network,' he adds.

James Rodden, Director of Rodden Graphics, comments, 'We are pleased to partner with Canon and support its distribution for the Oceania market. We are confident that our network will play a key role in growing the presence of the LabelStream 4000 series and in introducing its product portfolio to an increasing customer base in our region.'

About the LabelStream 4000 series

The LabelStream 4000 series is a four- to six-colour UV inkjet press (CMYK, White and Orange) that offers print speeds of up to 75 m/min and two print widths of 330 mm (13') or 410 mm (16'), resulting in an industry-leading overall output of 1,845 m-2/hr. It offers minimal set-up times, flexibility to mass customise contents and artwork, while enabling the shortest possible time to market.

The Canon LabelStream 4000 series UV inkjet press has been awarded the 'PANTONE Capable' certificate, confirming its reliability and ability to produce a wide range of PANTONE colours consistently. The press is also the first digital press to have been Fogra55 certified by the Fogra Research Institute for Media Technologies by meeting the specifications of its ProcessStandard Digital (PSD) Print Check based on the new 7-colour benchmark gamut.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 3 480 B 31 490 M 31 490 M
Net income 2021 152 B 1 374 M 1 374 M
Net cash 2021 82 936 M 751 M 751 M
P/E ratio 2021 17,4x
Yield 2021 3,76%
Capitalization 2 712 B 24 609 M 24 541 M
EV / Sales 2021 0,76x
EV / Sales 2022 0,73x
Nbr of Employees 181 897
Free-Float 76,0%
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Mean consensus HOLD
Number of Analysts 16
Average target price 2 526,67 JPY
Last Close Price 2 545,50 JPY
Spread / Highest target 21,8%
Spread / Average Target -0,74%
Spread / Lowest Target -33,2%
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Managers and Directors
NameTitle
Fujio Mitarai Chairman, President & Chief Executive Officer
Toshizo Tanaka CFO, Representative Director & Vice President
Toshio Homma Representative Director & Chief Technology Officer
Kunitaro Saida Independent Outside Director
Haruhiko Kato Independent Outside Director
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