Canon Revenues To Be Hit By Earthquake 5% Decline Tipped

X

Japanese camera company Canon, who initally said that they had no problems in their production plants following the recent earthquake, has now done an about face and admitted that a major production plant in Southern Japan is damaged and that will impact supply to subsidaries like Australia.

Japanese camera Company Canon, who initally said that they had no problems in their production plants following the recent earthquake,  has now done an about face and admitted that a major production plant in Southern Japan is damaged and that will impact supply to subsidaries like Australia. 

Yesterday the Company said that they have suspended production at the plant which will result in parts supply and distribution problems.

In some foreign markets Canon is forecasting revenue falls of between 5 & 7% . Canon president and chief executive in India Kensaku Konishi, said “In percentage terms, it can go up to five per cent or over of our top line as the supply lines get hurt,” Konishi said.

“We are worried about the parts’ suppliers. We are getting indirect impact,” he said. There will be no impact in the short term as the company and channel partners are currently holding stock but over the long term it will be more pronounced”

Canon Australia have not issued any statements to ChannelNews.

728x90 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
4Square – Channel News 728x90 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
PRO 5 PRICE DROP 2024 Banner 728x90px Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
728x90 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
QUEEN 728x90 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
Motorola Banner Ads 728 x 90 72ppi Canon Revenues To Be Hit By Earthquake 5% Decline Tipped399547
BlueAnt PumpAirANC WebBanner 728x90 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
Haier 728x90 1 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
Flick of a switch 728x90 1 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
hitachi banner 728x90 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
Whatmough 728x90 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
Leaderboard 728x90 1 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
728x90 Iconic Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
Banner Z10 Al Wh 728x90px EN Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
Martin Logan 728 x 90 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
Middleton 728x90px Product Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
3sixT GS24 EDM 728 x 90 px 02 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
Aspire Vero Banner Intel CCF 728x90 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
240215 SAV R Volution CNewsFeb Leaderboard 1 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
BEL2385 4SQ Dock Banners 4SQ 728x90 Canon Revenues To Be Hit By Earthquake 5% Decline Tipped
4SquareMedia 728x90 scaled Canon Revenues To Be Hit By Earthquake 5% Decline Tipped


YOU MAY ALSO LIKE