Canon Marketing Japan Inc. Investor RelationsFinancial InformationFinancial Highlights

Results for 2Q 2019 (from April 1 to June 30, 2019)

Looking back on the Japanese economy during the during the first half of the fiscal year under review, although business sentiment centering on the manufacturing industry continued to worsen, mainly due to the impact of trade friction issues, corporate capital investment continued to expand, led by investment in IT. Meanwhile, consumer sentiment remained weak, given ongoing uncertainty over the future.

In this economic environment, IT Solutions grew for small and medium enterprises as well as for large companies, although net sales of digital SLR cameras and industrial equipment decreased. As a result, net sales grew slightly to 302.856 billion yen (up 0.8% year on year).
On the profit side, thanks to an increase in gross profit resulting from net sales growth in IT Solutions and cost cutting, operating income came to 13.418 billion yen (up 38.8% year on year), ordinary income was 14.348 billion yen (up 30.5% year on year), and profit attributable to owners of parent was 9.436 billion yen (up 26.9% year on year).

Full-year forecasts for the fiscal year ending December 31, 2019

Looking ahead to the fiscal year ending December 31, 2019, the Japanese economy is expected to remain on a moderate recovery path, although there are some weak areas. However, the situation will remain uncertain, given the effects on the domestic economy of trade issues and economic uncertainties overseas, among other factors, in addition to the anticipated consumption tax hike.

Full-year earnings forecasts have been reviewed recently based on the progress during the first half of the fiscal year under review. As a result, the consolidated earnings forecasts announced on April 23, 2019, have been revised, taking into consideration a range of factors including earnings forecasts for IT Solutions, a business promoted proactively by the Canon Marketing Japan Group, that are expected to surpass the initial projection. Details are as follows.

Net Income
622.0 billion yen (up 0.1% year on year)
Operating Income
30.0 billion yen (up 3.7% year on year)
Ordinary Income
31.2 billion yen (up 2.2% year on year)
Profit attributable to owners of parent
21.0 billion yen (up 0.8% 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.