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logoMorningstarApril 06, 2021

Canon Inc.: Dropping Coverage of Canon

Current Price
Fair Value
Economic Moat

Canon designs, manufactures, and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates four major business segments: office, imaging systems, medical systems, and industry and others. Its global customer base and domestically concentrated operations create inherent currency exposure, which can cause performance to fluctuate. Canon's headquarters and 28 of its 46 manufacturing plants are in Japan, but nearly 80% of revenue is delivered from international markets. The firm has been expanding into new geographies and markets to mitigate this exposure.

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Analyst Profile

Kazunori Ito

Senior Equity Analyst
Kazunori Ito is a senior equity analyst for Ibbotson Associates Japan, Inc., a fully owned subsidiary of Morningstar, Inc. He covers the technology sector in Japan.Before joining Morningstar in May 2016, Ito had eight years' analyst experience on both the buy side and the sell side. He was most recently a vice president and analyst for Barclays Securities.Ito holds a bachelor's degree in economics from Keio University and a master's degree in business administration from the University of Chicago Booth School of Business. He is also a licensed representative of Morningstar Investment Management Asia Ltd