| Picture: Canon |
“We will increase prices and are in the process of estimating the amount of time and increase,” Canon said, when asked about the effect of tariffs in the US. The response came about questions from the company’s Q1 Financial Declaration analysts, with it, it became the first major manufacturer to discuss the impact with its investors.
The company reduced the forecast of its sales for its camera business to (25.2bn ($ 177.4)) ($ 7.011bn ($ 7.1bn, reduction of 2.4%), for the year, with the bulk of this deficiency coming from the changes in the required exchange rates. However, it has also been said that it has also been said that it has also been said that it has been said that it is on the basis of the business group, on the basis of the business group, it has been said to be some of the tappedaries at the entire-level level level. was responsible.
Overall, it said that it expects to sell 3m ILCs in 2025, up to 6% last year, with the 1,011BN sales estimate still represents a 7.9% increase in 2024.
It says that these forecasts are being imposed 10% tariffs and are based on the decrease in demand which will come from the required increase in US prices. Preliminary announcement is said for 24% tariff On Japanese imports, however, the US government then announced a 90 -day period, in which negotiations were going on.
“We produce more products in Japan than other companies”
“We will have an advantage in the field of cameras,” compared to its rivals, it said: “As we produce more products in Japan than other companies.”
The US makes about 25% of its camera business sales, but the company said that the threat should be safe from the worst tariffs, as all its products made in China (which US administration said that it will be subject to 145% tariffs) is mainly sold in the Chinese domestic market.
It says that this is already about one or two months of inventory in the US, which means that prices are not expected to increase immediately – when the tariffs are imported when well are imported. “We guess that the impact of the tariff will be mainly from the late year,” it says. The company also says that the company is also saying that the company is also ignoring how it can be monitored to determine the conversation And it will adjust the production when necessary, but “no decision has been made at this point about the restructuring of the supply chain due to the effect of tariffs.”
For now, Canon has assumed that the effect will be localized to the US. “We assumed that other areas would have no effect,”. But: “If the tariff issue was to trigger a global recession, our perceptions will change.”
However, while American consumers are likely to hit in tariffs, they can make an unexpected advantage for customers in other markets. “There are cameras such as products that are on back orders,” said: “and even if we cannot send them to America, we believe that we can send those products to other areas.”
If you want to read more about how Canon is reacting to tariff, then the topic is the main topic of discussion. Question Document It released with it Earning report,
