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Report: Canon is lowering profit forecast 20% due to shrinking camera sales

20 Apr

According to a report [partial paywall] from Nikkei Asian Review, Canon is planning to lower its profit forecasts for the 2019 fiscal year by 20 percent — amounting to approximately 50 billion yen — due to shrinking camera sales.

What’s to blame for this downturn? According to Nikkei, the digital camera and semiconductor markets are shrinking due to the increasing capabilities of smartphone cameras. Below is the full translated section of the report:

‘Canon will lower its forecast for the fiscal year ending December 2019. Consolidated operating profit (US GAAP), which indicates the mainstay of the business, is likely to decrease by 20% over the previous fiscal year to just over 270 billion yen. About 50 billion yen lower than the previous forecast. The shrinking of the digital camera market and the deterioration of the semiconductor market due to the functional improvement of smartphones (smartphones) will hit hard.’

This report echoes the drop in global camera sales reported by the Japanese Camera & Imaging Products Association (CIPA) earlier this month.

Articles: Digital Photography Review (dpreview.com)

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Fujifilm’s latest financials show strong sales of Instax products, shrinking sales of digital cameras

03 Nov

It’s the season for pre-holiday financial earnings reports, and Fujifilm’s latest numbers tell a familiar story – digital camera sales are down on the whole, with steady sales of higher-end products. Despite that, Fuji’s imaging solutions division saw an increase in operating income, up to 12.4 billion yen in the first half of the financial year, marking a 2.7x improvement year-on-year. Read more

Articles: Digital Photography Review (dpreview.com)

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Incredible Shrinking Building: Top-Down Demolition in Style

31 Jan

[ By WebUrbanist in Architecture & Cities & Urbanism. ]

demolition top down

Japanese culture is commonly thought of as being centered around quiet politeness and public respect. If so, this may be a physical representation of that interpretation -a remarkably subtle and deferential structure-destroying process with many levels of conscientious thought behind it (not to mention a brilliant visual effect, per the video below).

demolition process deconstruction phases

This elegant form of razing is “reverse engineering” in a much more literal sense – taking apart what has been put together with equal care. The strange structure that seems to move down the building does just that: at each stage, it is held up, then strategically lowered as the process unfolds, making it appear as if the building is shrinking (perhaps imperceptibly to pedestrians, but noticeable as time lapses).

Demolition might be too strong a word: Taisei’s Ecological Reproduction System (aka Tecorep) caps buildings and proceeds to disassemble them piece by piece and level by level in order to reuse intact components and materials.

building deconstruction by floor

The process does more than just aid in reuse – it lower environmental impact, from dust and debris to sound, all of which are buffered. And as elements are dropped down by crane, the power generated by that release of potential energy serves to generate electricity for the deconstruction efforts. The entire system is, in short, incredibly considerate and extremely well thought-out.