News for Investors
July 24, 2012
Canon Marketing Japan Inc.
President: Masami Kawasaki
TSE Code: 8060,
Tokyo Stock Exchange (First Section)
Yoshiyuki Matsusaka
Executive Officer
Group Executive
Communications Headquarters

Notice of Revisions to Forecasts of Financial Results for Fiscal Year 2012
(January 1, 2012 to December 31, 2012)

In view of the recent trends in business performance, Canon Marketing Japan Inc. (the "Company") has revised its forecast for FY2012 results. The following new forecast replaces the previous forecast announced on January 26, 2012.

1. Difference between Consolidated Financial Forecasts for FY 2011 and Actual Results

(million yen, %)
  Net Sales Operating income Ordinary income Net income Net income per share
Previous forecasts (A) 717,000 12,000 13,100 7,000 51.03 yen
New forecasts (B) 701,000 17,000 18,000 10,000 72.84 yen
Change in amount (B-A) (16,000) 5,000 4,900 3,000 -
Change (%) (2.2) 41.7 37.4 42.9 -
[For reference]
Results for FY 2011
632,418 8,441 10,668 6,763 49.30 yen

2. Reasons for Revision

As for the outlook for the third quarter of FY2012 and thereafter, we expect that the Japanese economy will continue to be on a path to recovery supported by, among others, reconstruction demand following the earthquake disaster, recovery in capital investment, and rising personal consumption, despite lingering downside risk due to such concerns as turmoil in the financial market caused by the European debt crisis, a strong yen, slowdown of overseas economies, and restrictions on electric power supply.

Under this economic environment, the Company reviewed the previous forecast and decided to revise its consolidated earnings forecasts for FY2012 as shown above to reflect the effect of its efforts toward further improvement of gross margin, promotion of structural reforms, and ongoing cost reduction, although we expect that consolidated net sales will be lower than the previous forecast.

[Note] The forecasts for financial results shown above are prepared based on the information available to us as of the date of this release. Actual results may differ from the forecasts due to various factors.