Canon Marketing Japan Inc. Investor Relations

Financial Highlights

Results for FY2023 (from January 1 to December 31, 2023)

During the fiscal year under review, the Japanese economy continued to show signs of a moderate recovery. Consumer spending was on moderate recovery track, reflecting increasing travel and restaurant meals as a result of changes in basic policies for addressing COVID-19 infections and a recovery in inbound tourism consumption. Corporate capital expenditure was robust as a result of the normalization of economic activity. In particular, appetite for IT investment in manufacturing and financial businesses and a wide range of other sectors was high and remained strong.

Under such economic conditions, the Canon Marketing Japan Group recorded net sales of 609,473 million yen (up 3.6% year on year), primarily attributable to rises in sales from SI services and IT infrastructure services against the backdrop of active corporate IT investment, recovery in the supply of multi-functional printers (MFPs) for offices, and buoyant sales of the newly launched camera with interchangeable lenses.
In terms of profit, operating income increased 5.1% year on year, to 52,495 million yen, ordinary income rose 5.1% year on year, to 53,585 million yen, and net income attributable to owners of the parent grew 2.6% year on year, to 36,493 million yen mainly reflecting a rise in gross profit associated with higher sales.

Full-year projections for the fiscal year ending December 31, 2024

Looking ahead to conditions in fiscal 2024, the Japanese economy is expected to continue recovering gradually, given the effects of various government policies and improvements in the employment and income environment, despite some signs of stagnation mainly reflecting weakness in overseas economies and rising prices in Japan.

The Group expects both sales and profit to increase by working to enhance the profitability of Canon product business, and by improving sales with profitability in the IT solution business, which is positioned as a growth business. Earnings forecasts are as follows.

Net sales 630.0 billion yen (up 3% year on year)
Operating Income 54.0 billion yen (up 3% year on year)
Ordinary Income 55.0 billion yen (up 3% year on year)
Net income attributable to owners of parent 37.5 billion yen (up 3% year on year)

About the earnings forecasts and future prospects on this website

The earnings forecasts and future prospects on this website reflect the Company's assumptions based on information available at the time of announcement. Please note that they may differ significantly from the actual results due to changes in many different factors.