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Canon has launched its fiscal 2021 monetary outcomes, and even with the entire challenges, Canon has executed fairly properly and exceeded expectations in just a few of its industries.
Even with the pandemic, Canon’s imaging enterprise continues to show a revenue. Digital camera and lens manufacturing has clearly been affected for the final couple of years. Canon noticed a discount of 20,000 models 12 months over 12 months however nonetheless managed to maneuver 2.74 million cameras, and wouldn’t have seen a decline had it not been for the pandemic.
Full Canon FY 2021 Materials
From Canon Inc.
In 2020, cameras, that are a core part of the imaging group, noticed a big decline in unit gross sales because of the impression of COVID-19. Because of this, we posted a short lived decline within the profitability of this group. Nevertheless, profitability recovered to a traditional double-digit stage in 2021.
Cameras usually are not the one part of our imaging enterprise. It additionally covers a wider vary of companies, together with the enter of visible info utilizing lenses and sensors, and in addition the availability of options using this enter. With a view to additional increase our enterprise sooner or later, we won’t solely increase gross sales of community cameras but in addition leverage the optical expertise we now have cultivated through the years and actively spend money on the event of latest companies resembling automotive sensors and XR.
As for digital camera demand, regardless of considerations that it might shrink considerably because of the pandemic, demand remained comparatively robust. This displays a lot of components, together with a rise within the variety of individuals utilizing their additional leisure time to seize movies and photographs within the house and disseminate them on-line, and the impression made by new full-frame mirrorless cameras launched by every firm.
As for the dimensions of the market in 2021, though it shrank by 200 thousand models, because of the inadequate provide of merchandise by every firm, it was nonetheless 5.4 million models.
Our unit gross sales in 2021 totaled 2.74 million models, 20 thousand models fewer than in 2020, additionally because of the inadequate provide of merchandise, significantly entry-class cameras. Nevertheless, for the EOS R5 and EOS R6, gross sales volumes and worth ranges remained steady, regardless of them being available in the market for greater than a 12 months. Moreover, unit gross sales of our RF lens lineup, which was expanded to 26 lenses by the addition of 8 new merchandise, elevated considerably, due to their synergy with cameras.
We’ve been increasing our core product lineup by rising the variety of extremely worthwhile EOS R techniques through the years. Because of this, the sustained profitability of the digital camera enterprise has elevated considerably, leading to an general 25% improve in digital camera gross sales and a big enchancment in profitability in 2021.
In 2022, the dimensions of the digital camera market is predicted to be 5.65 million models, a 5% improve over 2021, which takes under consideration the carryover from 2021 attributable to provide shortages.
With a view to seize the rising want for high-quality picture expression, we’ll proceed to additional strengthen the cameras and the RF lenses of the EOS R system.
Earlier this month, we launched the EOS R5 C, a hybrid cinema digital camera, to additional seize the rising demand for video. The EOS R5 C is a straightforward to hold round compact and light-weight mannequin that provides additional enhancement in video efficiency over the EOS R5, enabling long-time capturing of high-quality photos at 8K and 60 frames per second.
As for RF lenses, we’ll work to extend unit gross sales of our lineup, which at the moment consists of 26 fashions, by additional synergy with cameras.
By way of the well timed launch of merchandise that increase the vary of decisions obtainable to customers, we’ll preserve excessive profitability by rising gross sales and bettering our product combine.