← Home
🚀 Sign up Free for Company Insights & Valuation!
Sign up for free to get access to the best public company valuation and insights. Get started today and unlock the potential of your investments!
Sign up free
Canon
-5.98%
Industry & manufacturing / Imaging and Optical Products
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
Canon is a multinational corporation that specializes in the manufacture of imaging and optical products, including cameras, camcorders, photocopiers, and printers. The company was founded in 1937 in Japan and has since become one of the world's leading manufacturers of imaging and optical products. Canon is known for its high-quality products and its commitment to innovative technology and sustainability. With a strong presence in both consumer and professional markets, Canon is a household name for many photographers and videographers. The company also has a strong focus on environmental responsibility and has implemented various initiatives to reduce its environmental impact. Canon continues to push the boundaries of imaging technology and remains a top choice for many individuals and businesses.
What is special about the company?
There are several factors that make Canon a unique and special company:
1. Innovation and technology: Canon is known for its innovative products and cutting-edge technology. They invest heavily in research and development to stay ahead of the competition and provide customers with the latest and most advanced technology.
2. Diversified product portfolio: Canon offers a wide range of products, including cameras, printers, scanners, medical and industrial equipment, and more. This diversification allows the company to cater to different markets and reduce its dependency on a single product or industry.
3. Quality and reliability: Canon products are known for their high quality and reliability. The company has a strong commitment to delivering top-notch products that meet the expectations of its customers.
4. Environmental sustainability: Canon has a strong focus on environmental sustainability and has implemented various initiatives to reduce its carbon footprint and promote eco-friendly practices. This has earned them recognition and awards for their environmental efforts.
5. Corporate social responsibility: Canon is committed to giving back to society and has established numerous CSR initiatives, including programs to support education, disaster relief, and environmental conservation.
6. Strong brand reputation: Canon has built a strong brand reputation over the years, known for its high-quality products, customer service, and ethical business practices.
7. Long-standing history: Canon has a long history dating back to 1937 when it was founded in Japan. With over 80 years of experience, the company has established itself as a trusted and reputable brand in the industry.
8. Global reach: Canon has a strong global presence, with operations in over 200 countries and regions. This enables the company to reach a wide customer base and stay competitive in the global market.
9. Employee-centric culture: Canon values its employees and has a strong focus on creating a positive and inclusive work culture. This has helped them attract and retain top talent, leading to the company's success.
10. Commitment to customer satisfaction: Canon strives to provide excellent customer service and support. They have a dedicated customer service team and offer warranty and repair services to ensure customer satisfaction.
1. Innovation and technology: Canon is known for its innovative products and cutting-edge technology. They invest heavily in research and development to stay ahead of the competition and provide customers with the latest and most advanced technology.
2. Diversified product portfolio: Canon offers a wide range of products, including cameras, printers, scanners, medical and industrial equipment, and more. This diversification allows the company to cater to different markets and reduce its dependency on a single product or industry.
3. Quality and reliability: Canon products are known for their high quality and reliability. The company has a strong commitment to delivering top-notch products that meet the expectations of its customers.
4. Environmental sustainability: Canon has a strong focus on environmental sustainability and has implemented various initiatives to reduce its carbon footprint and promote eco-friendly practices. This has earned them recognition and awards for their environmental efforts.
5. Corporate social responsibility: Canon is committed to giving back to society and has established numerous CSR initiatives, including programs to support education, disaster relief, and environmental conservation.
6. Strong brand reputation: Canon has built a strong brand reputation over the years, known for its high-quality products, customer service, and ethical business practices.
7. Long-standing history: Canon has a long history dating back to 1937 when it was founded in Japan. With over 80 years of experience, the company has established itself as a trusted and reputable brand in the industry.
8. Global reach: Canon has a strong global presence, with operations in over 200 countries and regions. This enables the company to reach a wide customer base and stay competitive in the global market.
9. Employee-centric culture: Canon values its employees and has a strong focus on creating a positive and inclusive work culture. This has helped them attract and retain top talent, leading to the company's success.
10. Commitment to customer satisfaction: Canon strives to provide excellent customer service and support. They have a dedicated customer service team and offer warranty and repair services to ensure customer satisfaction.
What the company's business model?
Canon is a Japanese multinational corporation that specializes in the manufacture of imaging and optical products, including cameras, photocopiers, printers, and medical equipment. Their business model is based on offering a wide range of high-quality and innovative products to customers worldwide.
1. Diversified Product Portfolio: Canon has a diverse range of products, including cameras, printers, copiers, medical equipment, and imaging solutions, targeting both individual consumers and businesses. This helps them to cater to a larger market and reduce their dependence on a single product line.
2. Emphasis on Research and Development: Canon invests heavily in research and development to continuously innovate and improve their products. In 2019, the company spent approximately 9.86% of its net sales on R&D. This focus on innovation helps them stay ahead of the competition and maintain a loyal customer base.
3. Global Presence: Canon has a global presence, with manufacturing facilities, sales offices, and distributors in over 180 countries. This allows them to tap into new markets and expand their customer base while also reducing their dependence on any single region.
4. Strong Brand Reputation: Canon is known for its high-quality products, trusted by customers worldwide. This has built a strong brand reputation, which helps them attract new customers and retain existing ones.
5. After-sales Service: Canon has a strong focus on providing excellent after-sales service to its customers. Their service centers are spread across different countries, which helps provide prompt and efficient service to customers.
6. Strategic Partnerships: Canon has entered into partnerships with other companies to expand its product offerings and reach new customers. One such partnership is with Google to enhance their imaging capabilities with Google Cloud Print.
7. Corporate Social Responsibility: Canon has various initiatives and programs focused on sustainable development, community welfare, and environmental conservation. This has helped them gain customer loyalty, attract socially-conscious consumers, and strengthen their brand image.
1. Diversified Product Portfolio: Canon has a diverse range of products, including cameras, printers, copiers, medical equipment, and imaging solutions, targeting both individual consumers and businesses. This helps them to cater to a larger market and reduce their dependence on a single product line.
2. Emphasis on Research and Development: Canon invests heavily in research and development to continuously innovate and improve their products. In 2019, the company spent approximately 9.86% of its net sales on R&D. This focus on innovation helps them stay ahead of the competition and maintain a loyal customer base.
3. Global Presence: Canon has a global presence, with manufacturing facilities, sales offices, and distributors in over 180 countries. This allows them to tap into new markets and expand their customer base while also reducing their dependence on any single region.
4. Strong Brand Reputation: Canon is known for its high-quality products, trusted by customers worldwide. This has built a strong brand reputation, which helps them attract new customers and retain existing ones.
5. After-sales Service: Canon has a strong focus on providing excellent after-sales service to its customers. Their service centers are spread across different countries, which helps provide prompt and efficient service to customers.
6. Strategic Partnerships: Canon has entered into partnerships with other companies to expand its product offerings and reach new customers. One such partnership is with Google to enhance their imaging capabilities with Google Cloud Print.
7. Corporate Social Responsibility: Canon has various initiatives and programs focused on sustainable development, community welfare, and environmental conservation. This has helped them gain customer loyalty, attract socially-conscious consumers, and strengthen their brand image.
Interesting facts about the company
1. Canon’s official name is Canon Inc. and it was founded in 1937 in Tokyo, Japan.
2. The name Canon comes from the buddhist concept of Kwanon which means Guanyin, the goddess of Mercy.
3. The company was originally known as Precision Optical Instruments Laboratory.
4. Canon is known for its innovative and high-quality cameras and lenses, but the company also produces a wide range of other products including printers, copiers, scanners, medical equipment, and more.
5. Canon is the world’s largest manufacturer of cameras and lenses, outselling its closest competitors by a wide margin.
6. The company’s first camera, the Kwanon, was produced in 1935 and was Japan’s first 35 mm focal-plane-shutter camera.
7. In 1986, Canon became the first camera maker to produce a digital camera prototype with a self-contained body and integrated LCD screen.
8. Canon has a strong commitment to sustainability and has set ambitious goals to reduce its environmental impact, including a goal to achieve zero waste in all of its production facilities by 2025.
9. In 2020, Canon was named one of the World’s Most Admired Companies by Fortune Magazine for the seventh consecutive year.
10. The company has a long history of supporting professional photographers and filmmakers, and has sponsored various events such as the Canon Photo Marathon and the Canon Student Photography Workshop.
See Company Due Diligence:
2. The name Canon comes from the buddhist concept of Kwanon which means Guanyin, the goddess of Mercy.
3. The company was originally known as Precision Optical Instruments Laboratory.
4. Canon is known for its innovative and high-quality cameras and lenses, but the company also produces a wide range of other products including printers, copiers, scanners, medical equipment, and more.
5. Canon is the world’s largest manufacturer of cameras and lenses, outselling its closest competitors by a wide margin.
6. The company’s first camera, the Kwanon, was produced in 1935 and was Japan’s first 35 mm focal-plane-shutter camera.
7. In 1986, Canon became the first camera maker to produce a digital camera prototype with a self-contained body and integrated LCD screen.
8. Canon has a strong commitment to sustainability and has set ambitious goals to reduce its environmental impact, including a goal to achieve zero waste in all of its production facilities by 2025.
9. In 2020, Canon was named one of the World’s Most Admired Companies by Fortune Magazine for the seventh consecutive year.
10. The company has a long history of supporting professional photographers and filmmakers, and has sponsored various events such as the Canon Photo Marathon and the Canon Student Photography Workshop.
See Company Due Diligence:
Wait! There's more — sign up for free or log in