Wirth Consulting

For in-depth print and business-process workflow research and insight

Canon Touts Financial Stability, Production Printing

by · Published · Updated

According to Canon U.S.A., while much of the print and imaging industry has been undergoing substantial changes, it can say it continues to maintain financial stability and growth – in great part it says to working closely with clients and “providing exceptional customer service and solutions that help ensure high satisfaction.”

According to Sam Yoshida, executive vice president and general manager of Canon U.S.A.:  “With net worldwide sales in 2018 of approximately $36 billion, Canon continues to set itself apart as a strong brand, investing approximately eight percent yearly in R&D to spur technological innovation. We are optimistic that our growth will remain strong by continuing to support our customer needs and market trends in areas such as cloud/security, offset to digital, vertical markets and digital transformation.”

Canon also discussed the third edition of its flagship imageRUNNER ADVANCE copier/MFP line. This was the first launch in which Canon MFPs incorporated Security Information Event Management (SIEM) integration and other cybersecurity feature enhancements that allow for activie threat monitoring and  detection. (For more information on this latest imageRUNNER ADVANCE line, see New Canon imageRUNNER ADVANCE with Beefed-Up Security.)

In response to the increasing need for security, Pete Kowalczuk, president of Canon Solutions America, a wholly owned subsidiary of Canon U.S.A., shared security-data numbers and Canon’s  response: “The average data breach in the U.S. cost businesses $7.91 million last year (according to Ponemon, 2018 Cost of a Data-Breach Study: Overview). Canon Solutions America is expanding its five-pillar strategy around data security based on: device, print, document, information and cyber, with new security solutions such as EventSentry and PhishLine from Barracuda.” (See New Canon Solutions America Security Event-Monitoring and Security Training for more.)

Canon Production Printing Solutions Growth

Canon also said its Production Printing Solutions division has “outpaced industry growth, reporting that 83 billion pages were printed on Canon production devices sold by Canon Solutions America in 2018. Exceeding Canon Solutions America’s expectation in one year, Canon says the Océ ProStream 1000 contributed greatly to its success with four installations in 2018.

For more information on Canon’s financial results, see More Resources below.

More Resources