Canon Financial Results
Canon has released its 2Q 2019 financial results and you can download the presentation material here. Looking through the material, we can see that sales in Canon's Imaging Systems are down compared to last year and its previous projection.
Regarding the data, Canon notes:
"In Imaging System, we expect sales and profit of interchangeable lens cameras to decline, due to the continued impact of mainly entry class DSLR market contraction. However, in the area of mirrorless cameras, where we are focusing our energy, the effects of expanding our lineup will continue to lead to sales growth."Canon has been impressing us with its mirrorless system releases, so continued growth in that segment is certainly a reasonable assumption.
- Decline in camera and vacuum deposition equipment sales due to change in market conditions
- Improved gross profit ratio through product mix and cost reduction
- Strived to improve expense efficiency through concerted group-wide efforts
- Compared to last year: Achieved growth in both operating profit and net income
- Compared to previous projection: Exceeded planned profit level through comprehensive expense management and despite lower than expected sales
Canon is forecasting a 5.0% decrease in Net Income for 2019 (across all businesses) due to the impact of exchange rates. Canon's goals for the imaging system (Cameras) segment for 2019 are:
Strengthen presence in mirrorless camera marketCanon FY 2018 Financial Documentation
- Expand lineup of products with the EOS R system at its core
- Accelerate development of new products
Improve Profitability
- Raise proportion of full-frame models
- Expand sales of lenses that have high profitability
- Expand scope of production automation
- Results (PDF, 0.64MB)
- Presentation Material (PDF, 1.26MB)
- Speech Summary (PDF, 0.28MB)
- Supplementary Data (PDF, 0.50MB)
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Canon has released its financial results for 2Q 2018. You can download the results, presentation material and speech summary here. Also available for download is a Notice Regarding Retained Earnings Dividend.
From the looks of it, camera sales have slipped considerably compared to this quarter last year leading to a lower operating profit (displayed below), but Canon projects only a 4.4% decrease in sales growth over the entire year.
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Canon has released their finanicial results for the Full Year 2017. See below for more information. As usual, we suggest checking out the Presentation Material for getting a concise view of the highlights.
- Results (PDF | 0.64MB)
- Presentation Material (PDF | 0.96MB)
- Speech Summary (PDF | 0.13MB)
- Supplementary Data (PDF | 0.28MB)
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Canon has released their finanicial results for 3Q 2017 and has also announced a special 80th Anniversary Commemorative Dividend for its shareholders. See below for more information.
- Presentation Material for 3Q 2017 (PDF)
- Speech Summary (PDF)
- Results for 3Q 2017 (PDF)
- Notice Regarding Projected Dividend – Including 80th Anniversary Commemorative Dividend – for the Fiscal Year Ending December 31, 2017 (PDF)
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Canon has released their finanicial results for 2Q 2017. See below for more information.
- Presentation Material for 2Q 2017 (PDF)
- Speech Summary (PDF)
- Results for 2Q 2017 (PDF)
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- Canon lifts annual profit forecast on recovery in printer, camera sales (Reuters)
- Surprise -- Canon's earnings strongly rebound (Nikkei Asian Review)
Canon has released their finanicial results for 1Q 2017. See below for more information.
- Presentation Material for 1Q 2017 (PDF)
- Speech Summary (PDF)
- Results for 1Q 2017 (PDF)
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Canon has released its FY 2016 financial results.
- FY 2016 Presentation Material (.PDF)
- Speech Summary (.PDF)
- Results for FY 2016 (.PDF)
Canon has released their 3Q 2016 financial results.
- Conference on results for 3Q 2016 Presentation material (PDF)
- Speech Summary (PDF)
- Results for 3Q 2016 (PDF)
An excerpt from the speech summary details some of the issues Canon faced this quarter:
The U.S. economy, despite showing signs of weakness in investment and other areas, remained on a path of gradual recovery, supported by continued improvement in employment and consumer spending. As for the European economy, although consumer spending and export activity was firm, we could not take an optimistic view as there are concerns over the U.K.’s withdrawal from the EU. In Japan, and in emerging countries like China, no material changes in economic activity were seen. Overall, the global economy was limited to gradual recovery.Additional Resources (Source: Reuters)Under these conditions, the yen, which at one point in August fell below the 100 yen-to-U.S. dollar mark and remained high throughout the quarter, had a large negative impact on net sales and profits. On top of this, within our businesses, sales of laser printer consumables declined significantly, as they did in the first half of the year, and for cameras, we recorded a 50% decline in compact camera sales. As a result, net sales and profits declined.
Canon has released its 1Q 2016 financial results. As usual, the Presentation Material is our preferred method for getting the highlights.
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Canon has released their financial results for the 2015 fiscal year. As usual, the presentation material will likely be the easiest method for digesting the information.
Canon has released its financial results for the second quarter of 2015. We suggest checking out the easy-to-understand, graphically-enhanced Presentation Material.
Relevant Article:
Canon cuts outlook as weak camera sales hit second-quarter profit
Canon has released its financial results for the first quarter of 2015. We suggest checking out the easy-to-understand, graphically-enhanced Presentation Material.
Relevant Article:
Canon Q1 profit drops as compact camera demand collapses (Reuters)
From Canon:
TOKYO, March 30, 2015 — Canon Inc. (NYSE: CAJ) today announced that it filed its annual report on Form 20-F for the year ended December 31, 2014, with the U.S. Securities and Exchange Commission on March 27, 2015. The annual report on Form 20-F, which contains the Company's complete audited financial statements, can be accessed from the Company's website at:
http://www.canon.com/ir/library/form20f.html
The Company will also provide a hard copy of its complete audited financial statements free of charge to all shareholders upon request.
To facilitate this, Canon provides an online request form that can be accessed from the Company's website at:
Canon has released its financial results for the third quarter of 2014. We suggest checking out the easy-to-understand, graphically-enhanced Presentation Material.
Canon has released its financial results for the second quarter of 2014. We suggest checking out the easy-to-understand, graphically-enhanced Presentation Material.
Canon has released their Q1 FY2014 financial results. The presentation material is usually our preferred method for getting the information
- Presentation Material for 1Q 2014 (PDF, 338KB)
- Results for 1Q 2014 (PDF, 654KB)
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Canon nudges up 2014 profit forecast as office equipment sales grow; Q1 profit up 51 pct
Canon has released its FY 2013 financial results:
- Financial Results for 2013 (PDF, 888 KB)
- Presentation Material for 2013 (PDF, 382 KB)
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Canon has released 3Q 2013 Financial Results (PDF).
The Presentation Material is usually our preferred method for getting the information (PDF).
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Canon has released 2Q 2013 Financial Results (PDF).
The Presentation Material is usually my preferred method for getting the information (PDF).
From Reuters:
From Canon:
June 26, 2013 - At a Board of Directors meeting held on June 26, 2013, Canon Inc. (the “Company”) passed a resolution regarding distribution of a retained earnings dividend, record date June 30, 2013, as follows.
1. Dividend Details
| Determined amount | Most recent dividend forecast (Announced April 24, 2013) | Previous period result (First half of fiscal year 2012) | |
| Record date | June 30, 2013 | June 30, 2013 | June 30, 2012 |
| Dividend per share | 65 yen | Undetermined | 70,270 million yen |
| Total dividend amount | 74,932 million yen | 60 yen | |
| Effective date | August 27, 2013 | August 27, 2012 | |
| Dividend resource | Retained earnings | Retained earnings |
2. Reason
The Company works to provide a stable return and actively return profits to shareholders, mainly in the form of a dividend, taking into consideration medium-term profit forecasts along with planned future investments, cash flow and other factors. The Company plans to distribute an interim dividend of ¥65 per share for the fiscal year ending December 31, 2013 (the 113th Business Term), half the amount of the annual dividend paid out in fiscal year 2012 (includes commemorative dividend), to provide a stable return to shareholders. The year-end dividend, however, has yet to be decided.
Canon has released Q1 2013 Financial results. The presentation material PDF provides a graphical summary.
From Reuters:
Canon raises profit outlook as weak yen swells earnings
Canon Inc raised its full-year operating profit forecast by $300 million as a weakening yen triggered by Japan's latest deflation-fighting policies inflates its overseas earnings, despite smartphones sapping compact camera sales.
Canon sees lower compact camera sales in 2013, expects weaker yen
Japan's Canon Inc said on Wednesday it expected to sell 14.5 million compact cameras in the current business year that ends in December, down from its previous forecast of 17 million units, but it expected a weaker yen versus the dollar.
Canon has released 2012 Financial results. The presentation material PDF provides a graphical summary.
For digging deep, the Financial Results for FY 2012 PDF is provided.
From Reuters:
Japan's Canon reports Q4 operating profit down 17.9 percent
TOKYO - Japan's Canon Inc posted a 17.9 percent drop in quarterly operating profit on Wednesday, hurt by a strong yen and weaker demand for compact cameras as consumers switched to smartphones.
Canon says sales in China down more than 30 percent in 2012
TOKYO - Canon Inc said on Wednesday that its sales in China fell more than 30 percent in the year to December 2012, more than it had expected, due to a slowdown in that country and a territorial dispute between Tokyo and Beijing.
Canon forecasts 7.1 pct drop in 2013 compact camera sales
TOKYO, Jan 30 - Japan's Canon Inc said on Wednesday it expected to sell 17 million compact cameras in the current business year ending in December, versus 18.3 million in 2012.
Canon has released 3Q 2012 Financial Results (PDF).
The Presentation Material is usually my preferred method for getting the information (PDF).
Canon Inc. has once again announced that it plans to acquire shares of its own stock (announcement PDF). This time, up to 21.0 million shares (up to 50 billion yen worth) of common stock is planned to be acquired between July 31, 2012 to September 10, 2012.
Canon has released 2Q 2012 Financial Results (PDF).
The Presentation Material is usually a preferred read (PDF).
On a related note, Tamron has posted a Revision of Forecast on Earnings and Dividends (PDF 45KB)
Canon, Inc. has announced plans to buy back up to 50 billion yen ($640 million) worth of its own shares. This purchase would represent about 1.4% of outstanding shares.
Canon Inc. has released 1Q 2012 financial results (PDF).
Review the Presentation Material for 1Q 2012 (PDF) for an easy read.
From Reuters: Canon raises profit forecast on weaker yen.
Canon has released 2011 financial results. The presentation material PDF provides a graphical summary.
For digging deep, the Financial Results for FY 2011 PDF is provided.
Notice Concerning Change of Representative Directors
Notice Regarding Partial Amendment to Articles of Incorporation
From Reuters:
Canon earnings outlook falters, president steps down
TOKYO - Canon Inc's 76-year-old chairman and CEO will take on the additional role of president after the $60 billion Japanese camera and printer maker forecast weak earnings growth and said its current president was stepping down.
Canon forecasts dull 2012 earnings growth
* Full-year profit 378.1 bln yen, vs 387.5 bln yen prior yr
Canon posts 14 pct rise in quarterly profit
TOKYO, Jan 30 - Canon Inc posted a 14 percent rise in quarterly operating profit on Monday, as it battled the impact of a strong yen and floods in Thailand with cost cuts and increased automation.
Canon has posted financial results for the third quarter of 2011.
The presentation materials are a better read for most.
Canon has posted second quarter 2011 financial results.
The 26 page presentation material is what most of us will find most interesting.
Here are some relevant news articles from Reuters:
Canon lifts forecast after rapid quake recovery
UPDATE 2-Canon lifts forecast after rapid quake recovery
Canon posts Q2 earnings fall, lifts forecast
Canon raises 2011 SLR camera shipment forecast
Canon posts 30.9 percent drop in Q2 profit, raises forecast
Canon has posted its 1Q 2011 financial results.
You may find the presentation material more interesting.
Canon has posted their financial results for 2010.
For a 26 page summary primarily consisting of charts and tables, download the presentation material PDF.
If you want to dive deeper, the full results PDF is for you.
Canon has posted 1Q 2010 results.
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