Bulletin
Investor Alert

Asia Stocks to Watch Archives | Email alerts

Jan. 9, 2012, 8:19 p.m. EST

Japan camera firms hope for Olympic glory

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Nikon Corp. (7731)
  • X
    Nikon Corp. ADR (NINOY)
  • X
    Canon Inc. (7751)

or Cancel Already have a watchlist? Log In

By Virginia Harrison, MarketWatch

1 2

Compact cameras

In the compact camera market, Panasonic Corp. /zigman2/quotes/201785256/delayed JP:6752 +0.13% , Sony and Olympus Corp. /zigman2/quotes/200860615/delayed JP:7733 -1.44%   /zigman2/quotes/206207642/composite OCPNY +2.77%  are among the leading names vying for market share.

Nomura’s Wadaki said that Panasonic has “won plaudits for its designs and has also been successful in making its cameras smaller,” while Sony seeks to differentiate on image quality.

Ricoh Co. /zigman2/quotes/206380081/delayed JP:7752 -2.86%   /zigman2/quotes/200002899/composite RICOY -1.98%  and Nikon, meantime, “have been struggling with their products” in the compact market.

“Despite Nikon’s brand clout, it has not been able to make its products a hit in Japan, but while it does not rank in the top three of manufacturers in this category, it appears to have made gradual market-share gains,” Wadaki said.

But CLSA strategist Christian Dinwoodie points to strong demand signals across Asia for the camera sector.

“Rising wealth levels, increased travel, conspicuous consumption and social-networking picture-and-video sharing are driving digital SLR demand in Asia ex-Japan,” Dinwoodie wrote in a research report.

He identifies Nikon, Canon and Tamron Co. /zigman2/quotes/209602378/delayed JP:7740 -2.01%  as the major beneficiaries of growing interest in photography.

Dinwoodie expects the interchangeable-lens camera market to grow 30% in 2012, driven by “emerging-market demand growth, as well as entry level digital SLR … enticing former compact-camera users to trade up.”

Stock performance

The sector is looking for a brighter year than the last.

Shares in Canon lost 19% in 2011 and Ricoh plunged 44%, while Nikon managed a 4% gain a Tamron added 10%.

Other leading electronics firms with camera exposure fared worse in 2011: Casio Computer Co. /zigman2/quotes/202492162/delayed JP:6952 +0.20%   /zigman2/quotes/206719136/composite CSIOY +2.01%  lost 29%, Panasonic slumped 43%, and Sony tumbled 53%.

Meanwhile, Olympus has been dominating headlines after the firm admitted to covering up massive investment losses. The scandal sent shares in a tailspin, losing nearly 60% of their value last year.

Olympus has filed lawsuits against 19 current and former executives, reports Tuesday said, seeking billions of yen in compensation as the fallout from the scandal continues to deepen. See report on Olympus lawsuits.

/zigman2/quotes/201785256/delayed
JP : Japan: Tokyo
¥ 905.30
+1.20 +0.13%
Volume: 7.10M
Aug. 5, 2020 3:00p
P/E Ratio
12.72
Dividend Yield
3.31%
Market Cap
¥2109.48 billion
Rev. per Employee
¥29.74M
loading...
/zigman2/quotes/200860615/delayed
JP : Japan: Tokyo
¥ 1,912.00
-28.00 -1.44%
Volume: 3.29M
Aug. 5, 2020 3:00p
P/E Ratio
48.60
Dividend Yield
1.05%
Market Cap
¥2494.04 billion
Rev. per Employee
¥22.14M
loading...
/zigman2/quotes/206207642/composite
US : U.S.: OTC
$ 18.68
+0.50 +2.77%
Volume: 16,899
Aug. 5, 2020 3:58p
P/E Ratio
51.34
Dividend Yield
N/A
Market Cap
$23.54 billion
Rev. per Employee
$200,545
loading...
/zigman2/quotes/206380081/delayed
JP : Japan: Tokyo
¥ 713.00
-21.00 -2.86%
Volume: 6.30M
Aug. 5, 2020 3:00p
P/E Ratio
98.22
Dividend Yield
3.65%
Market Cap
¥531.73 billion
Rev. per Employee
¥20.81M
loading...
/zigman2/quotes/200002899/composite
US : U.S.: OTC
$ 6.67
-0.14 -1.98%
Volume: 1,355
Aug. 5, 2020 3:08p
P/E Ratio
13.28
Dividend Yield
2.67%
Market Cap
$5.02 billion
Rev. per Employee
$188,555
loading...
/zigman2/quotes/209602378/delayed
JP : Japan: Tokyo
¥ 1,705.00
-35.00 -2.01%
Volume: 119,000
Aug. 5, 2020 3:00p
P/E Ratio
10.13
Dividend Yield
2.52%
Market Cap
¥36.28 billion
Rev. per Employee
¥13.32M
loading...
/zigman2/quotes/202492162/delayed
JP : Japan: Tokyo
¥ 1,479.00
+3.00 +0.20%
Volume: 1.90M
Aug. 5, 2020 3:00p
P/E Ratio
30.46
Dividend Yield
2.03%
Market Cap
¥358.03 billion
Rev. per Employee
¥24.53M
loading...
/zigman2/quotes/206719136/composite
US : U.S.: OTC
$ 141.80
+2.80 +2.01%
Volume: 17.00
Aug. 5, 2020 2:18p
P/E Ratio
31.50
Dividend Yield
2.42%
Market Cap
$3.38 billion
Rev. per Employee
$222,207
loading...

Virginia Harrison is a MarketWatch reporter based in Sydney.

1 2
This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.