Why Is Canon In The Black Outperforming Nikon? 2Q Results

2Q financial results are in and Canon is in the black outperforming Nikon!

A massive turnaround from 2020 projects Canon's net profits to near $2,000,000,000.00 (2 Billion) US Dollars for 2021.

We look at each of Canon's business units and how they have played a role in Canon 2021 Financial Results projections and 2Q results.

Key points:

*Strong global economic growth backed by consumer spending and demand for capital goods

*The situation surrounding semiconductor parts and logistics remain difficult

*Expect 2H performance to be in line with 1H. Will focus on stably supplying products to respond to solid demand

*Raised outlook for net sales by 100.00 billion yen ($913 Million USD) and net income by 61.0 billion yen ($557 Million USD)

Question: How is Canon excelling during these hard economic times while company's like Nikon are not?

💎 I would love to hear your thoughts!

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