CAJ Stock Price, News & Analysis

Canon U.S.A. announces that Executive Vice President Seymour Liebman has been named to the Long Island Press PowerList in the Innovator category for the ninth consecutive year. This recognition highlights Liebman's influence in Long Island's innovation economy and Canon's commitment to digital imaging solutions. Liebman, who also serves key roles in Canon Inc. and its subsidiaries, emphasizes the company's dedication to customer needs and corporate citizenship. Canon Inc. reported approximately $30.4 billion in global revenue and ranks third in U.S. patents granted, reflecting its innovation prowess.

Canon U.S.A., Inc. has launched the new imageCLASS MF242dw wireless black-and-white laser printer, improving on the MF232w model. Exclusively available at Walmart for $99, this printer enhances speed with up to 28 pages per minute and supports duplex printing. Designed for hybrid work environments, it features mobile printing capabilities and a high-yield cartridge that lasts up to 1,700 pages. Additionally, eco-friendly features include low energy consumption. This product reaffirms Canon's commitment to innovation and sustainability in the digital imaging market.

Canon U.S.A. announces the launch of the Colorado 1630, a new UVgel roll-to-roll printer geared towards large format printing. Priced for lower volume markets, the printer boasts print speeds of up to 1,195 square feet per hour and features high-quality 1,800 dpi output. The 1630 allows for modular upgrades including FLXfinish and dual media rolls. This introduction expands the Colorado family, which has seen over 2,000 installations globally. Through improved operational efficiency, this printer aims to enhance productivity for print service providers (PSPs) while reducing costs.

Canon U.S.A. Inc. has unveiled the ColorStream 8000 series of web-fed inkjet printers, designed to enhance productivity, print quality, and application flexibility for high-volume production environments. Featuring speeds of up to 525 ft/min and new 1,200 dpi printheads, these printers maintain high quality while improving operational efficiency. The series caters to various sectors, including commercial printing and direct mail. Canon aims to support businesses in expanding their market reach and revenue opportunities. The ColorStream 8000 series reflects Canon's commitment to innovation and customer needs.

Canon U.S.A., Inc. has achieved the number one market share in all U.S. Laser A3 Multifunction Printer (MFP) segments for 2020, according to IDC's analysis. Canon holds a 23.3% share in the combined monochrome and color segment, 25.5% in monochrome, and 21.9% in color. This recognition reflects Canon's commitment to developing high-quality imaging solutions amid rising demand in hybrid work environments. To meet these needs, Canon is expanding its product lineup, including innovations in its imageRUNNER ADVANCE series. Canon's parent company, Canon Inc. (NYSE:CAJ), reported global revenue of $30.4 billion.

On April 24, 2021, Canon U.S.A. sponsored the virtual 16th Annual Japan Center Essay Competition Awards, aimed at encouraging American students to explore Japanese culture. The competition received 142 submissions, with five winners awarded Canon products. Canon's collaboration with the Japan Center at Stony Brook University reflects its corporate philosophy of Kyosei, promoting youth education and community engagement. Established in 2005, the competition fosters a deeper understanding of Japan among students, furthering Canon's commitment to social responsibility.

Canon U.S.A. has announced two new printers: the PIXMA TS3520 Wireless All-in-One and PIXMA G620 Wireless MegaTank Photo Printer. The PIXMA TS3520 is designed for entry-level users, featuring a web-based manual, a four-color ink system, and mobile compatibility. The PIXMA G620, suitable for photo printing, boasts a high page yield of approximately 3,800 4" x 6" prints, reducing ink refill frequency. The G620 is priced at $299.99 and the TS3520 at $79.99, with availability expected in April and May 2021 respectively.

On April 21, 2021, Canon U.S.A. unveiled two new printers in the MAXIFY GX MegaTank Series— the MAXIFY GX7020 and GX6020. These printers feature a continuous ink supply system, reducing color printing costs to approximately two cents per page, with a yield of 14,000 color and 6,000 black prints before refills. Designed for small offices, they offer productivity enhancements and come with a three-year warranty. The GX7020 is a four-in-one model while the GX6020 is a three-in-one, both optimized for efficiency and versatility in various business environments. Prices are set at $899.00 and $799.00, respectively.

Canon U.S.A., Inc. has announced new executive appointments effective April 1, 2021, reflecting its commitment to strong leadership in the digital imaging solutions industry. Notable promotions include Shinya Fukuda as VP of Corporate Planning and Yukinari Kaneta as VP of Corporate IT. Canon's parent company, Canon Inc. (NYSE: CAJ), generated approximately $30.4 billion in global revenue and ranked third in U.S. patents granted in 2020. The changes aim to enhance operational excellence and reinforce Canon's leadership position.