Canon Releases Second Quarter 2024 Financial Results

Canon has added second quarter financial results to the Investor Relations page.

Presentation Material
Results
Supplementary Data
Presentation Material and Speech Summary

Quotes From the Presentation Material (in addition to the included chart).

In markets in which we compete, demand remained weak in certain regions due to slowdown in global economic growth

Recovery in camera, network camera, and laser printer sales as inventory adjustments were completed as planned

Steady growth in semiconductor lithography equipment, commercial printing equipment, and medical business sales where medium- to long-term market growth is expected

Achieved 14% increase in sales compared to the same period last year and record high sales for second quarter

Nearly 30% increase in operating profit, profitability raised to 10.1%

Imaging was +11.6% sales and +19.0% operating profit for the quarter and +2.1% sales and -22.9% operating profit for the half.

For B-to-C products (Cameras and inkjet printers), stimulate demand by launching new products and strengthening marketing activities

The 2024 net sales forecast is +10.0% and net income +26.6%

The 2024 net sales forecast for Imaging is +13.0% over the previous forecast, and the operating profit forecast was adjusted +10.8%.

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