Sammy is in deep with fundamental damages done by poor management and poor midlevel management in all of the Canon North American companies.
What do I mean, the boards here speak to each Canon business silo depending on the poster and their products. You in a high level have Canon USA, Canon Solutions America, Canon VA, and Canon Medical. Most of the postings look like they come from CUSA and CSA, in general.
So lets talk whats problematic for Canon that is top of mind here, putting the drama about the management in the parking lot for the time being in this post.
Product Health:
Consumer cameras are no longer, as Canon rides out what is left of the Professional camera and video segment. The segment is in decline but requires innovation to maintain market share and customer migration. This obviously from the posts is not happening.
Consumer printers both inkjet and toner have finally tanked for Canon after a 4 year decline and is trending not to come back. Just look at the isle in Costco and Walmart with the absence of Canon with the seasonal change over this year. Another declining business.
Office copiers for Business to Business, another product line in decline post pandemic as offices closed and or require less copies and printed materials. This not only declines the sales of office copy equipment, but also drastically reduces the revenue stream of toner, clicks and service. Another declining business
Consumer / Business wide format inkjet, another declining business after a modest uptick during the pandemic where display graphics increased but now have declined to lower levels than 2019 levels. Reducing consumable revenue in a highly competitive space.
Production toner presses for business and commercial print. A segment that is in decline as competitive pressures push industry to inkjet products with a lower cost of ownership. Innovations lacking as Canon rides out the B&W remaining segments and no new color innovations as the top 2 competitors continue to grab market share.
Industrial inkjet printing with roll fed inkjet presses. Transactional print volumes continue to decline as Canon tries to jump to commercial print. The transactional line is feeling headwinds from more productive competitive replacements along with sheetfed inkjet production units replacing old Canon/Oce products. Clicks and consumables continue to decline. Commercial print high level of uptime and consistent quality a challenge for Canon as innovation and product reliability lacking.
Production sheetfed inkjet presses, slowing sales based on product stability, as competitive replacements gaining speed. Disarray between operating company and research and development as old Oce organization in conjunction with US marketing organization unable to quickly challenge competitive pressures.
In conclusion to this long post, Sammy has a lot to worry about as the "One Canon" montra is just that. Canon is a big ship with a ton of compartments that need to come together to turn the ship around. The only concern I would have is what product lines are going to fund this turn around and what level of management is strong enough to weed out the old guard and right the ship.
I dont have answers here but it is clear that probably 75% of the Canon product lines are trending down and below 2019 levels. With no clear strategy of mitigation, other than what is usually exercised by Canon HR and management are reduction of fixed cost. i.e. Layoffs.