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:
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