Financial Highlights

Results for 3Q of FY2024 (from January 1 to September 30, 2024)

During the period from January to September of the fiscal year under review, the Japanese economy continued to recover moderately. Looking at consumer spending, there were signs of a recovery in service consumption, including a recovery in the domestic travel market and an increase in dining out. Corporate capital expenditure was robust, chiefly due to replacement investment mainly in the manufacturing industry, which had been postponed because of the COVID-19 pandemic and higher prices and investment in labor savings to cope with the workforce shortage. In particular, appetite for IT investment in financial and manufacturing businesses and a wide range of other sectors was high and remained strong.

Under these economic conditions, the Canon Marketing Japan Group recorded net sales of 473,181 million yen (up 6.4% year on year), mainly reflecting strong sales from maintenance and operation service/outsourcing and IT products and system sales among IT solutions.
In term of profit, operating income decreased 3.7% year on year to 36,290 million yen and ordinary income decreased 3.3% year on year to 37,260 million yen. The fall was due to a rise in selling, general and administrative expenses including IT costs, although the sales increase led to growth in gross profit. Meanwhile, net income attributable to owners of the parent stood at 26,980 million yen, up 4.4% year on year, after recording extraordinary income from the transfer of shares of A&A Co., Ltd.

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

The Group has revised its forecast of net income attributable to owners of the parent for the fiscal year ending December 31, 2024 in view of the posting of extraordinary income associated with the transfer of shares in A&A Co., Ltd. and results for the nine months under review.