Canon R6 Mark II and Canon R50 are the most sold models of Canon. Imagine a business in the year of 2024, the first and second quarter, which is written in the Canon’s latest financial report, and more or less, these two cameras are also responsible for Canon’s financial recovery. Let’s have a look
Canon official Finical REPORT of 1st half of 2024 – Conference on results for 2Q 2024 (July 25, 2024)
In the Imaging Business Unit, interchangeable-lens digital camera’s performance was solid due to steady sales of the EOS R6 Mark II full-frame mirrorless camera and the new entry-level EOS R50, along with increased sales of digital compact cameras. Although sales for network cameras decreased temporarily in the previous quarter of this year due to the adjustments of inventory levels in the market, sales for the second quarter of network cameras increased thanks to need for diversified applications. As a result, sales for the second quarter of the Imaging Business Unit increased by 11.6% compared with the same period of the previous year to ¥244.7 billion, while income before income taxes for the second quarter increased by 19.3% compared with the same period of the previous year to ¥41.7 billion. Sales for the first half of the year totaled ¥420.3 billion, a year-onyear increase of 2.1%, while income before income taxes totaled ¥56.6 billion, a year-on-year decrease of 21.9%.
REPORT ANALYSIS
Canon’s Imaging Business Unit had a mixed performance. They sold many cameras like the EOS R6 Mark II and EOS R50, which boosted sales by 11.6% to ¥244.7 billion. However, their overall income before taxes for the first half of the year dropped by 21.9% to ¥56.6 billion compared to last year. This means while they are making money, their profit has decreased compared to before, so they haven’t fully recovered yet.
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source – global.canon/en/ir/
