Canon Q416 and FY16 Had Sales and Profit Decline

2017 Projection Shows Healthy Increase is Sales and Operating Profit Canon, Inc. announced its fourth quarter and full-year 2016 results on January 31, 2017 (see Figure 1, Figure 2, and Figure 3). Canon consolidated Q4 sales of ¥ 965.2 billion (B) ($8.8B), down 7% year-to-year (YTY) Office Business Unit Q4 sales of ¥ 485.9B ($4.4B),…

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“New” Xerox Fourth Quarter Earnings in Line

Exceeds first-year savings target for Strategic Transformation Program Xerox Corporation announced its fourth quarter 2016 earnings on January 31, 2017 (see Figure 1, Figure 2, and Figure 3). Due to the split with Conduent some numbers are estimated for past quarters. Xerox total Q4 revenue of $2.7 billion (B) from continuing operations, down 7 percent…

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Office Document Security – How Important Is It?

Office printers have existed for a very long time but not until recently, has document security been on the radar for the imaging industry and particularly the printer manufacturers.  Since this is such a huge subject, Photizo will be addressing office document security in two News Bytes, this News Byte addressing the problem and how…

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What’s up with the new breed of portable photo printers?

Those of you who have been in the printer industry for a while may remember the first generation small format printers during the surge of the digital camera market.  There were many offerings at the time, most of which printed on either 3” x 5” media or 4” x 6” media and were based on…

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Designing a Really Smart Office Printer

For years, the focus of office printer design was on reducing costs, footprint, weight, power requirements, noise levels, and on improving overall hardware quality/reliability, duty cycle, image quality and ergonomic design.  Today, with more and more printer fleets being managed under MPS provider contracts, it is important to understand the real total cost of ownership…

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Another View on Millennials and Print

  I recently came across an article written by Ashley Leone and published in Direct Marketing Insights regarding Millennials and print.  I was intrigued because Ms. Leone is a Millennial so I thought that I would share some key takeaways from her article along with some supplemental data.  First, I think that many of us…

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3D Printing – Sorting out Hype vs. Reality

At the 2015 CES show, there was a great deal of excitement particularly over consumer 3D printers available from a number of companies with the hype being a bit suppressed with Stratasys (acquirer of MakerBot) announcing massive layoffs. 2016 was the year of reassessing a bit with companies such as HP making huge investments in…

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Billboards of the Future – They will be Watching Us

As we travel down the highway we see one thing or another.  Many of these billboards are produced digitally and printed with grand format devices. Over the years, several of these traditional billboards have been replaced by digital billboards with the benefit that they can easily be changed so a single board could support multiple…

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Canon’s Tom Minamide, The Passing of a Gentle Giant

Our industry is full of people with great ideas and passion, who are ‘thought leaders’ in crafting a new vision for the future. There are also leaders who are willing to champion new ideas and lead the charge for change despite insurmountable resistance which can be present in many large global organizations. These are what…

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Is Brick and Mortar Retail Dead?

A recent article by the Associated Press highlighted how retail firms are shifting strategies. What traditionally worked in a retail only format has gone the wayside as brick and mortar retail firms increasingly see their revenue coming from online sales. The article cited statistics that are interesting such as online and mail order sales growing…

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Toshiba Offers Nuance Document Solutions

Toshiba America Business Solutions announced the availability of Nuance Communications, Inc.’s AutoStore and Equitrac® document solutions, to complement their line of e-STUDIO™ multifunction products (MFPs). Toshiba will sell and distribute Nuance’s solutions through the company’s independent dealer network and Toshiba Business Solutions direct sales operations throughout the United States and Latin America. AutoStore and Equitrac can be available from the front panel user…

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Photizo Survey Regarding Office Print Volume Trends

There are many thoughts regarding office print volume trends which varies depending on who you talk to.  Some folks believe that content is increasing exponentially so, even though the % of actual printed output relative to electronic documents managed may be dropping, the absolute number of printed output is not declining.  Others are much more…

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Greeting Cards Aren’t What They Used to Be

In order for the greeting card industry to survive, the industry is going to need to become more creative. Digital communications and social media are causing disruptions within this industry. According to Hallmark, their workforce went from 22,000 FTE’s to 10,500 FTEs worldwide from 2010-2015.  In the next five years, the downward trend is expected…

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2016 State of the Imaging Industry, Highlights and Trends

The intent of this write-up is to provide an overview or top level look at highlights of the office printing market in 2016 and market trends and opportunities looking forward. A much more detailed report will be available from Photizo by the end of January 2017. As we approach the end of 2016, from a…

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Is there a New Xerox in Rochester?

I had the privilege to attend Xerox’s 2016 Investor Conference in NYC on December 7, 2016 and to hear what Xerox’s new management team, headed up by Jeff Jacobson, had to say about Xerox future strategy and direction.  I also had an opportunity to attend a round table discussion with Jeff and also a 1…

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Another View on Print Volumes

Just about when we have all have succumbed to the idea that an increase in digital content meant that future print volumes would be decreasing, we hear another view as to why this may not be the case.  According to a survey by Danwood, a print/document management Company based in the UK, print volumes are…

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Lexmark Sale to Apex Approved November 29, 2016

The sale of Lexmark has been approved. According to a release on Lexmark’s Newsroom dated November 29, 2016 confirmed the Acquisition of Lexmark by Apex Technologies. The sale of Lexmark International to Apex Technologies was first reported on April 19, 2016. The decision to sell Lexmark, or explore “Strategic Alternatives” was announced by Lexmark in…

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Why are Some Printer Manufacturers Bullish Despite Financial Declines?

Recently, many printer manufacturers released their latest quarterly financials. Across the board, printer revenues are down but operating profits have declined considerably more when comparing latest quarter in 2016 to the same quarter in 2015 (see table below).  Despite this, why are printer manufacturers continuing to be somewhat bullish? It is not unusual for any…

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Threat of Aftermarket Cartridge Suppliers to Printer Manufacturers

Supplies or consumables revenue can account for at least 50 percent of a printer manufacturers’ printer business and even a higher percentage of the printer operations’ profits. Therefore, it is critical for printer manufacturers to do whatever it can to maximize their capture of consumables sold to its installed base. Most printer manufacturers are already…

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The Changing Photo Printing Market

Some of us remember days when we were all were using digital cameras, storing our photos on secure digital (SD) cards, and then printing them with one or many dye sublimation or inkjet small format photo printers. Digital cameras were getting smaller, cheaper, and image quality and storage capacity were increasing. At that time, it…

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Business Inkjet Printer Revolution

Business Inkjet Printer Revolution Typically, things that happen in the imaging industry are evolutionary, however; business inket printers and the technology behind them, are truly revolutionary and will have a significant impact on the office printing market.  Business inkjet printers are basically defined as those that are suitable for office use where laser printers are…

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IBM Case Study Highlights Photizo Group

Photizo Group revolutionizing the imaging industry with predictive analytics using IBM’s PMQ (Predictive Maintenance and Quality Tool set) Recently, IBM published a Case Study involving Photo Group’s work in demonstrating how, with the use of IBM’s PMQ (Predictive Maintenance and Quality) software tools, toner waste can be reduced by as much as 50 percent. This…

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Samsung Agrees on Payouts and Employment Contracts with Printer Group Staff

Samsung Electronics will be paying 60 million won ($52,406) in compensation to each worker at the printing unit sold to HP.  In addition, the 6,000 Samsung workers who are affected by the acquisition by HP, who will be provided guaranteed employment for five years. Upon approval from shareholders at an extraordinary meeting on Thursday, October…

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Konica Minolta Displays Growth in A3 MFPs Despite FOREX Impact

Konica Minolta, Inc. (KM) reported Q216 financial results on Monday, October 31, 2016 (see Figures 1, 2, and 3 below). Q2 Revenue of ¥232.7 billion (B) ($2.27B), declined 10% (YTY), 4% increase w/o FOREX impact Q2 Operating Profit of ¥9.6B ($93.7M), declined 47% (YTY), 5% increase w/o FOREX impact Q2 Business Technologies Revenue of ¥3…

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Ricoh Q216 Results Causes Step Up of Structural Reform Efforts

H1 Operating Profit dropped 70.5 Percent Ricoh Company, Ltd. reported its Q216 results on October 27, 2016 (please see Figures 1, 2, and 3 below). Q2 Sales of ¥483.7 billion (B), declined 13.0 percent (Y/Y) Q2 Operating Profit of ¥5.7B, declined 84 percent (Y/Y) Q2 Imaging & Solutions Sales of ¥424.9B, declined 14 percent Q2…

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Lexmark Expects Acquisition to Close in 2016

First gain in last 7 quarters Lexmark International reported its third quarter 2016 on October 28, 2016 (see Figures 1 and Figure 2) below: Company revenue of $844 million (M) declined 1 percent Enterprise Software revenue of $156M, up 5 percent ISS revenue of $688M, down 2 percent Higher Value Solutions (comprised of MPS and…

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Where’d My Teller Go?

In our last Photizo news byte we investigated the ‘gig’ economy and the transformation that has been going on in that industry. On the heels of that analysis comes an industry that has been going through transformation as well – the banking industry. It was reported that Bank of America, Citigroup, and JPMorgan “shut 389…

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How Big is the Gig Economy in the U.S.?

There have been many articles written about the transformation of our hardcopy industry. But how about the ongoing transformation of traditional jobs that are becoming, in effect, freelance ‘gigs.’ Airbnb, Lyft, and Uber are companies that have created online marketplaces to transform jobs like working in hotels or driving taxis, into independent work. The gig…

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Who Works More Hours – Americans or Europeans?

A new study has attempted to measure the differences between the total number of hours worked by American and European workers. It was not an easy task to accomplish. The original intent was to make it easier to compare countries to each other. It incorporated the length of a work week, retirement, unemployment, vacation, and…

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“Valuing People, Supporting Personal Best”

Such is the tagline for Shelley College located in Shelley, Huddersfield, West Yorkshire, U.K.. Unfortunately, Shelley College was taken for a ride by two of its Information and Communications Technology (ICT) employees as reported by The Huddersfield Daily Examiner by way of RT Recycling Times.  Two of its employees stole close to £100,000 ($122,000) worth…

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