Seeking Alpha

CAJ
Canon, Inc.

5/25/2012, 1:17 AM ET
  • Wednesday, March 14, 8:17 PM Japanese shares are higher in early trading, extending gains for the week to 2%. The Nikkei Average is currently up 0.7% to 10,125, helped by strong gains in exporting technology firms: Canon (CAJ +2.7%), Toshiba ([[TOSBY.PK +2%) and TDK (TTDKY.PK +1.8%). 2 Comments [Global & FX, Tech]
  • Tuesday, March 13, 3:07 PM Canon (CAJ +0.1%) plans to cut at least ¥400B ($4.84B) in costs during the next 4 years in an attempt to soften the blow from weak sales in Europe and a strong yen. One of the expense-reducing measures it plans to implement is the increased use of robots on its production lines, according to the company. Comment! [Global & FX, Tech]
  • Wednesday, February 29, 7:15 PM Japanese stocks are higher in early trading, as exporters gain on the back of a weaker yen. The Nikkei Stock Average is currently up 1% to 9,764: Sony (SNE +0.8%), Canon (CAJ +1.4%), Toshiba (TOSYY.PK +1.1%), and Honda (HMC +0.8%). Comment! [Global & FX]
  • Monday, January 30, 7:43 PM Japanese stocks drift lower this morning, with tech exporters weighing on the index amid a rising yen. The Nikkei Average is currently down 0.1% to 8,782: Sony (SNE -1.80%), Elpida Memory (ELPDF.PK -3.2%), and Toshiba (TOSYY.PK -3%) and Canon (CAJ -4.5%). Comment! [Global & FX]
  • Friday, January 13, 3:01 AM P-E firm TPG Capital is willing to pump $1B into scandal-stricken Olympus (OCPNY.PK) in a joint deal with Sony (SNE) or another suitor, sources say. TPG has reportedly reached out to execs at Sony, Canon (CAJ), Fujifilm (FUJIY.PK) and Panasonic (PC) about the possibility of a joint approach. Comment! [Tech, Global & FX]
  • Monday, November 21, 7:38 PM Japanese stocks follow U.S. markets lower in early trading, with the Nikkei Average falling 1.1% to 8,261. Technology exporters and materials lead decliners: Nintendo (NTDOY.PK -3%, Advantest (ATE -1.3%), Canon (CAJ -1.6%), Nippon Steel (NISTF.PK -6.00%), Sumitomo Metal (SMMLF.PK -2.4%). Comment! [Global & FX]
  • Thursday, October 27, 3:58 AM Toyota (TM) and other Japanese car makers start to reduce domestic production because of a shortage of parts due to the severe flooding in Thailand. Toyota will also cut output in the U.S. Sony (SNE), Canon (CAJ) and Toshiba (TOSBF.PK) are among many others who've been disrupted. (previous) Comment! [Global & FX]
  • Tuesday, September 20, 8:45 PM Japanese stocks open mixed in early trading but quickly turn higher as yen strength eases. The Nikkei Average gains +0.1% to 8,730.14, with large-cap techs and exporters leading the way: Renesas Electronics (RNECY.PK +8.2%), Hitachi (HIT +1%), Canon (CAJ +1%), Mitsubishi Electric (MIELF.PK +1%). On the downside, Elpida (ELPDF.PK -3.1%) and Advantest (ATE -2%)  both trade lower after J.P. Morgan cuts the shares to neutral. Comment! [Global & FX]
  • Thursday, August 11, 9:25 AM Premarket gainers: AONE +20%. CSCO +12%. EAT +11%. NWS +8%. AKS +5%. CLWR +5%. MPEL +5%. KSS +5%. NVDA +5%. BX +4%. BAC +4%. ALU +4%. ETFC +4%. DRYS +4%. PBR +4%. CAJ +4%. ARMH +4%. SID +4%. ASX +4%. RF +4%. VALE +3%. MGM +4%. LYG +3%. MOS +3%. CREE +3%. ASML +3%. BRFS +3%. GS +3%. SINA +3%. BHP +3%. ITUB +3%. POT +3%. ERIC +3%.
    Losers: SODA -10%. SLE -8%. AMSC -7%. ALLY -5%. NVS -4%. LOGI -4%. CRH -3%. Comment!
    [On the Move]
  • Tuesday, August 9, 9:00 AM Premarket gainers: XIN +26%. PZG +19%. NBG +11%. RIO +10%. ALU +8%. SD +8%. ARMH +7%. FRO +7%. DRYS +7%. BHP +7%. ABB +6%. MCP +5%. NYX +5%. BAC +5%. ASML +5%. HAL +5%. DNDN +5%. ERIC +5%. IRE +4%. MPEL +4%. TS +5%. CAJ +4%. NOK +4%. MT +4%. C +3%. MGM +4%. PCX +4%. SDRL +4%. ING +4%. BCS +4%. FCX +3%. LVS +3%. LVLT +3%. AA +3%. S +3%. BP +3%.
    Losers: FOSL -21%. SOL -7%. 1 Comment
    [On the Move]
  • Monday, July 25, 3:11 PM Unfazed by March's earthquake, Canon (CAJ +1.7%) upgrades its earnings forecast, thanks to strong emerging-market demand. Sticking to its knitting - digital cameras, printers, copiers - the company churns out profits and cash in even tough operating environments. Comment! [Tech, Global & FX]
  • Tuesday, March 15, 1:35 PM There's early signs of a rebound in some Japanese ADRs - like Honda (HMC +1.8%) and Canon (CAJ +2.5%) - as the market tries to get some clarity on the effects of the nuclear crisis (which one analyst figures should take about five days), and evaluates which companies are more closely tied to disruptions. EWJ -2%. 1 Comment
  • Tuesday, March 8, 11:21 AM Avoiding what others love and focusing on quaint notions like price and return on equity, Oakmark's (OAKIX) David Herro is buying Japanese shares for the 1st time in his career as well as EU banks. He rebuts the shibboleth of fast growing energy demand, calling the sector the worst place to invest right now. 3 Comments [Global & FX]
  • Thursday, February 24, 3:56 PM Last year, SSBT OD05 Omnibus Account Treaty Clients appeared as a top 10 shareholder in several major Japanese companies. Behind SSBT? China, which has stealthily built stakes in firms like Mitsubishi Financial, Canon, Sony, and Tokyo Electric, among others. Comment! [Global & FX]
  • Wednesday, December 22, 9:19 AM Through a trust, Alcatel-Lucent (ALU) is suing Apple (AAPL) and other vendors for infringing on its video compression patents. The Apple suit, filed Monday, seeks royalty payments off the MacBook and iPhone. Premarket, Alcatel-Lucent is -3%, and Apple is flat. 1 Comment [Tech]
  • Wednesday, September 15, 9:06 AM Japan's intervention in the currency market, and the prospects of a weaker yen, are boosting shares of Japan's exporters. Canon (CAJ), Toyota (TM) and Honda (HMC) led the gainers in Tokyo and no wonder: Every 1-yen gain in the yen/dollar rate cuts annual operating profit by ¥30B at Toyota and ¥16B at Honda. Comment!