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Canon revises 2021 financial forecast, suggests camera, lens and printer sales are recovering faster than expected

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Canon revises 2021 financial forecast, suggests camera, lens and printer sales are recovering faster than expected
A Canon assembly line Meister (her badge tells us she’s been a Meister for 17 years) works on the front assembly of a telephoto prime lens. Taken by DPReview in 2017.

Canon Global has revised its financial forecast for its 2021 fiscal year to account for, amongst other things, an increase in demand for inkjet printers and full-frame mirrorless cameras and lenses.

According to the note, posted on Canon’s investor relations website, Canon increased its full-year net sales forecast by 2.9% and its full-year operating profit by 42.9% to 3.6B yen ($32.9M) and 283M yen ($2.6M), respectively. For comparison, Canon’s full-year net sales were 3.1B yen ($28.3M) in 2020 and 3.6B yen ($32.8M) in 2019, while its full-year operating profit was 110M yen ($1M) in 2020 and 175M yen ($1.6M) in 2019. This means 2021 should see Canon’s operating profit equal that of both 2019 and 2020, combined, even as net sales remain fairly consistent with pre-pandemic numbers.

Canon’s breakdown of the forecast changes its made for its 2021 fiscal year.

The note attributes this growth to multiple business divisions of Canon Inc., but specifically notes that ‘sales of inkjet printers, which continue to be in high demand due to more people working and learning from home globally, grew strongly.’ Canon also says ‘interest in and demand for cameras increased […] particularly for full-frame mirrorless cameras and interchangeable lenses.’

The section of the investors note that details why these specific revisions were made.

Canon is expected to release its second-quarter results on July 28. We will provide a breakdown of that information once it’s released, which should give us a more detailed perspective of how Canon’s imaging business has performed throughout the first half of 2021.

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TTArtisan releases new AF 56mm F1.8 lens for Fujifilm and Sony APS-C cameras

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TTArtisan releases new AF 56mm F1.8 lens for Fujifilm and Sony APS-C cameras


Image: TTArtisan

Today, TTArtisan has officially released its new AF 56mm F1.8 autofocus lens for X and E-mount cameras. The APS-C portrait lens is another budget offering from the China-based company.

The 56mm F1.8 lens has ten elements in nine groups and has nine aperture blades. The lens is built with a stepper motor, which TTArtisan claims delivers fast and quiet autofocus. It has a minimum focusing distance of 0.5m (19.6″) and a minimum aperture of F16.

TTArtisan says the lens has a full aluminum build, weighs between 233-245g (8.2-8.8oz), and includes ED (Extra-low Dispersion) glass. This should help reduce the amount of color fringing that may occur in an image.

This is only the company’s fourth autofocus lens, but it’s the second one it has announced in recent weeks, following the TTArtisans AF 35mm F1.8, released early this month for Sony E-mount cameras.

Pricing and availability

The TTArtisan AF 56mm F1.8 ships globally and is available immediately. It has a suggested retail price of $158.


Buy now:




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Behind the scenes, contests and more exclusive extras in the DPReview Newsletter

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Behind the scenes, contests and more exclusive extras in the DPReview Newsletter


Subscribe today for free and get the latest news, reviews and more from DPReview, delivered weekly.

Photo: Shaminder Dulai

If you haven’t signed up for the free DPReview newsletter, you’re missing out. It’s more than a recap of the website; we regularly share behind-the-scenes information, reader questions of the week, photo challenges and exclusive stories that can only be found in the newsletter.

In the last three months, we have given newsletter readers early sneak peeks at our testing, talking about our studio scene, product studio and what’s going on in the DPReview mail room (you never know what might be dropping by). We also give newsletter readers an exclusive heads-up on what’s happening around our office, complete with candid sharing of what the DPReview editors are thinking about and debating. Sometimes, we even let slip which camera review we’re working on and if it is coming out the following week.

Last month, the newsletter also hosted DPReview Camera Debate Madness of March (and part of April). Readers and editors weighed the choices between primes and zooms, lens-focusing design, viewfinder- or touchscreen-only cameras, and more. After four rounds of debates and voting, we crowned a champion and experience trumped gear lust. Relive every play-by-play to discover who won and how. Join our next event by signing up for the newsletter.

There’s also our ongoing ‘Question of the Week’ segment, where we turn the microphone toward you. Last week, we asked: What’s the perfect portrait lens, and why? Nearly 100 readers wrote in to share their takes, and every week, we share some of our favorite responses in the following newsletter. What did people have to say? Sign up to find out. Join us by answering our next question every week. This week, we’re asking you: If you could update one camera from the past and bring it back to the market, what would it be? Have a hot take to share? Sign up and join the community by sending in your response.

It’s the best photography, camera and gear news, delivered right to your inbox.

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And we don’t just stop at the news. Newsletter subscriber benefits include behind-the-scenes articles, letters to the editor, exclusive contests, sneak peeks on what we’re working on, ways to share feedback directly with DPReview editors to help us shape future stories and more! There is no AI here, only real people writing the newsletters and reading your feedback (me!).



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Behind the scenes, contests and more exclusive extras in the DPReview Newsletter

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Behind the scenes, contests and more exclusive extras in the DPReview Newsletter


Subscribe today for free and get the latest news, reviews and more from DPReview, delivered weekly.

Photo: Shaminder Dulai

If you haven’t signed up for the free DPReview newsletter, you’re missing out. It’s more than a recap of the website; we regularly share behind-the-scenes information, reader questions of the week, photo challenges and exclusive stories that can only be found in the newsletter.

In the last three months, we have given newsletter readers early sneak peeks at our testing and talked about our studio scene, product studio and what’s going on in the DPReview mail room (you never know what might be dropping by). We also give newsletter readers an exclusive heads-up on what’s happening around our office, complete with candid sharing of what the DPReview editors are thinking about and debating. Sometimes, we even let slip which camera review we’re working on and if it is coming out the following week.

Last month, the newsletter also hosted DPReview Camera Debate Madness of March (and part of April). Readers and editors weighed the choices between primes and zooms, lens-focusing design, viewfinder- or touchscreen-only cameras, and more. After four rounds of debates and voting, we crowned a champion and experience trumped gear lust. Relive every play-by-play to discover who won and how. Join our next event by signing up for the newsletter.

There’s also our ongoing ‘Question of the Week’ segment, where we turn the microphone toward you. Last week, we asked: What’s the perfect portrait lens, and why? Nearly 100 readers wrote in to share their takes, and every week, we share some of our favorite responses in the following newsletter. What did people have to say? Sign up to find out. Join us by answering our next question every week. This week, we’re asking you: If you could update one camera from the past and bring it back to the market, what would it be? Have a hot take to share? Sign up and join the community by sending in your response.

It’s the best photography, camera and gear news, delivered right to your inbox.

Sign up for the free DPReview Newsletter

And we don’t just stop at the news. Newsletter subscriber benefits include behind-the-scenes articles, letters to the editor, exclusive contests, sneak peeks on what we’re working on, ways to share feedback directly with DPReview editors to help us shape future stories and more! There is no AI here, only real people writing the newsletters and reading your feedback (me!).



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