In the Latest Issue of The MFP Report
Covering Industry Developments in March 2022
- Headline News: "Contrasting Views of Print in Canon, Ricoh Plan Reviews" - Japanese companies love their midterm management plans. And since 2016, Japan's corporate governance code has resulted in publicly listed companies utilizing their plans as important tools for communicating with shareholders and the broader market. But the depth, detail and tone of these plans vary widely. A good illustration of that was seen in the progress updates Canon and Ricoh provided in March for their respective midterm management plans.
- The Editorial: "Ignoring China at Their Own Peril" - China’s top five companies who make and sell printers — Ninestar, Lenovo, Ningbo Deli, Xiaomi and Huawei — generated more than $200 billion in total revenue last year. That’s more than double the combined total revenue of the five largest US and Japanese printer vendors. Although four of these Chinese vendors sell their printers only in the domestic market, the time is ripe for one or more of them to pursue printer sales outside of China. So watch out!
- In Other News: "Xiaomi Debuts Ink Tank AIO Developed by China’s Hannto" - China’s Xiaomi — the world’s #3 maker of smartphones behind Apple and Samsung — has launched its first ink tank AIO. And the new printer was reportedly developed by a small Shanghai-based company called Hannto Technology that had not previously been on our radar. ... "The Future of Toshiba and the Fate of Toshiba TEC Are Anyone’s Guess" - One view is that Toshiba’s failure to win shareholder support for its restructuring plans puts added pressure on management to sell assets, and selling its $1.1 billion stake in Toshiba TEC is at the top of many lists. But the other view is that Toshiba’s new CEO its third CEO in a year — is rather favorably disposed toward Toshiba TEC and is against any sale.
- And Even More News - Kofax to buy AP automation software firm Tungsten ... HP targets hybrid work and growth with $3.3 billion purchase of Poly. ... Board changes lead to speculation Xerox could be seeking a buyer. ... Konica Minolta management shake-up reaches the US. ... Kyocera enhances security in latest A3 mono models. ... Xerox updates aging A3 VersaLink line and adds more A4 Lexmark models. ... Pharos adds print solutions for hybrid workforce. ... Fujifilm modestly modifies A3 Apeos MFPs for Asia. ... Fujifilm releases PDF-centric cloud version of DocuWorks. ... Canon makes subtle changes to two sets of AIOs. ... Plus more!