Results for FY2022 (from January 1 to December 31, 2022)
During the period from January to December, the Japanese economy continued to show signs of a moderate recovery as the COVID-19 pandemic was moving into a new phase where we live with COVID-19. Consumer spending, particularly service consumption in the travel and restaurant industries, recovered moderately.
Corporate capital spending showed signs of recovery, reflecting a moderate recovery in overseas economies and the normalization of domestic economic and social activities. In particular, appetite for IT investment in manufacturing and financial businesses was high and remained strong. Meanwhile, some companies are showing weakness due to supply constraints such as semiconductor shortages and disruptions in supply chains, the increase of raw material prices attributable to the affairs in Ukraine, as well as changes in exchange rates, among other factors.
In these situations, the Group recorded net sales of 588,132 million yen (up 6.5% year on year), reflecting increases in sales due to the removal of constraints on supply of Canon products, rises in sales from SI services and security-related products and services against the backdrop of active corporate IT investment, and higher sales of semiconductor manufacturing-related equipment in particular on the back of aggressive investment by domestic semiconductor manufacturers.
In terms of profit, operating income increased 25.8% year on year, to 49,947 million yen, ordinary income rose 24.1% year on year, to 50,991 million yen, and net income attributable to owners of parent grew 20.8% year on year, to 35,552 million yen mainly reflecting a rise in gross profit associated with higher sales.
Full-year projections for the fiscal year ending December 31,2023
While the outlook for the fiscal year 2023 suggests a recovery trend in the Japanese economy, uncertainty about the future will likely remain due to the COVID-19 variant strains and other influences of the disease on both the domestic and overseas economies, constraints on supply caused by semiconductor shortages and disruptions in supply chains, trends in raw material prices reflecting chiefly the effects of the affairs in Ukraine, and other factors.
The Group will work to enhance the profitability of Canon’s product business and to improve sales together with profitability in the IT solution business, which is positioned as a growth business. As a result, we expect that net sales will increase from the year-earlier level.
Income is expected to increase due to a rise in gross profit, despite the absence of a concentration of highly profitable large projects in the industrial equipment segment in the previous fiscal year and an expected increase in advertising expenses and other selling, general and administrative expenses.
|Net sales||624.0 billion yen (up 6.1% year on year)|
|Operating Income||50.0 billion yen (up 0.1% year on year)|
|Ordinary Income||51.4 billion yen (up 0.8% year on year)|
|Net income attributable to owners of parent||35.6 billion yen (up 0.1% 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.