From our perspective as camera aficionados, this is something of a disturbing interview. Read the following quotes:
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Q: How far is Canon in fulfilling its medium-term plan to 2020?
A: We aim to make at least 5 trillion yen ($44.1 billion) in consolidated sales. It is definitely not impossible if we maintain the current economic situation and stable exchange rates. I see cameras contributing over 30% and office equipment another 40%, while new business segments, with health care at the center, will account for the rest.
Q: Tell us about upcoming mergers and acquisitions.
A: In particular, we will implement M&As that will further strengthen areas where we've already made acquisitions. Future purchases will supplement the health care, security camera and industrial equipment segments, with no bias toward either hardware or software.
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That reads to me as 'the camera business, which is only 30% of our business, is stable, so we're going to expand into other areas to enhance our revenue.
Rather than 'we're going to spend lots to make the camera business better'.
Many massive corporations started in one area and eventually moved into totally different areas, eventually abandoning their original business. 2020 will not be a problem, but I would watch to see if they really continue developing new hardware...I wouldn't be surprised to find by 2040 Canon has moved beyond cameras entirely.
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Q: How far is Canon in fulfilling its medium-term plan to 2020?
A: We aim to make at least 5 trillion yen ($44.1 billion) in consolidated sales. It is definitely not impossible if we maintain the current economic situation and stable exchange rates. I see cameras contributing over 30% and office equipment another 40%, while new business segments, with health care at the center, will account for the rest.
Q: Tell us about upcoming mergers and acquisitions.
A: In particular, we will implement M&As that will further strengthen areas where we've already made acquisitions. Future purchases will supplement the health care, security camera and industrial equipment segments, with no bias toward either hardware or software.
---------
That reads to me as 'the camera business, which is only 30% of our business, is stable, so we're going to expand into other areas to enhance our revenue.
Rather than 'we're going to spend lots to make the camera business better'.
Many massive corporations started in one area and eventually moved into totally different areas, eventually abandoning their original business. 2020 will not be a problem, but I would watch to see if they really continue developing new hardware...I wouldn't be surprised to find by 2040 Canon has moved beyond cameras entirely.
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