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Canon has launched its fiscal 2021 monetary outcomes, and even with the entire challenges, Canon has carried out fairly properly and exceeded expectations in a number of of its industries.
Even with the pandemic, Canon’s imaging enterprise continues to show a revenue. Digicam and lens manufacturing has clearly been affected for the final couple of years. Canon noticed a discount of 20,000 models yr over yr 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 as a result of impression of COVID-19. In consequence, we posted a brief decline within the profitability of this group. Nonetheless, profitability recovered to a traditional double-digit stage in 2021.
Cameras are usually not the one part of our imaging enterprise. It additionally covers a wider vary of companies, together with the enter of visible data utilizing lenses and sensors, and likewise the supply of options using this enter. To be able 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’ve cultivated over time and actively spend money on the event of latest companies similar to automotive sensors and XR.
As for digicam demand, regardless of issues that it could shrink considerably as a result of pandemic, demand remained comparatively sturdy. This displays a variety of components, together with a rise within the variety of folks utilizing their further 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 scale of the market in 2021, though it shrank by 200 thousand models, as a result of 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 as a result of inadequate provide of merchandise, significantly entry-class cameras. Nonetheless, for the EOS R5 and EOS R6, gross sales volumes and worth ranges remained steady, regardless of them being out there for greater than a yr. Moreover, unit gross sales of our RF lens lineup, which was expanded to 26 lenses via the addition of 8 new merchandise, elevated considerably, due to their synergy with cameras.
Now we have been increasing our core product lineup by rising the variety of extremely worthwhile EOS R programs over time. In consequence, the sustained profitability of the digicam enterprise has elevated considerably, leading to an general 25% enhance in digicam gross sales and a big enchancment in profitability in 2021.
In 2022, the scale of the digicam market is predicted to be 5.65 million models, a 5% enhance over 2021, which takes under consideration the carryover from 2021 as a consequence of provide shortages.
To be able to seize the rising want for high-quality picture expression, we are going to 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 digicam, to additional seize the rising demand for video. The EOS R5 C is a straightforward to hold round compact and light-weight mannequin that gives additional enhancement in video efficiency over the EOS R5, enabling long-time capturing of high-quality photographs at 8K and 60 frames per second.
As for RF lenses, we are going to work to extend unit gross sales of our lineup, which at the moment consists of 26 fashions, via additional synergy with cameras.
By means of the well timed launch of merchandise that increase the vary of selections out there to customers, we are going to preserve excessive profitability by rising gross sales and bettering our product combine.