Canon Releases Full Year 2023 Financial Results
Canon has added third quarter financial results to the Investor Relations page.
Presentation Material
Results
Supplementary Data
Presentation Material and Speech Summary
Summary Level Notes and Quotes from the Presentation Material
"Global economic slowdown also impacted our markets, strengthening trends of delayed purchasing and inventory reduction."
"Price competition surrounding printers intensified as competitor supply shortages are alleviated."
"Parts shortage and logistical constraints resolved, progress made in cost reduction"
"Uncertainty surrounding global economy remains high, pace of economy growth assumed slower than last year"
2023 produced +3.7% net sales, +7.7% gross profit, +8.4% net income vs. 2022.
The 2024 forecast is +4.0% net sales, +4.9% gross profit, +15.3% net income vs. 2023.
Imaging System Relevant Notes from the Presentation Material
2023 produced +7.2% net sales (+6.8% cameras), +15.0% operating profit vs. 2022.
The 2024 forecast is +4.5% net sales (+0.9% cameras), +1.1% operating profit vs. 2023.
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