Canon KK

7751

Equity

ISIN JP3242800005 / Valor 761599

Tokyo Stock Exchange (2024-12-27)

JPY 5,193.00-0.40%

Canon KK
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About company

Canon KK is a multinational corporation specializing in the manufacture of imaging and optical products, including cameras, camcorders, photocopiers, steppers, computer printers, and medical equipment.

Summarized from source with an LLMView SourceSector: Technology

Net Sales Growth

In the third quarter of 2024, Canon KK reported a 5.3% increase in net sales year-on-year, reaching ¥1,079.8 billion. This marks the highest recorded sales for the third quarter in the company's history, driven by strong demand for office multifunction devices and mirrorless cameras.

Operating Profit Increase

Canon KK's operating profit for the third quarter of 2024 rose by 18.8% compared to the previous year, amounting to ¥98.2 billion. This increase was attributed to effective cost management and a favorable product mix, despite higher operating expenses due to structural reform costs and currency depreciation.

Net Income Growth

The net income attributable to Canon Inc. for the third quarter of 2024 increased by 10.7% year-on-year, reaching ¥68.8 billion. This growth was supported by the reversal of tax provisions recorded in prior years, contributing to a positive financial outcome for the quarter.

Segment Performance

Canon KK's Printing Business Unit saw a 7.1% increase in sales for the third quarter of 2024, totaling ¥610.9 billion. The Imaging Business Unit also experienced growth, with sales rising by 8.6% to ¥239.6 billion, driven by strong performance in the mirrorless camera segment.

Financial Outlook

For the year ending December 31, 2024, Canon KK projects net sales of ¥4,540,000 million, an 8.6% increase from the previous year. The company anticipates continued growth in operating profit and income before income taxes, with projected increases of 21.3% and 21.7%, respectively.

Summarized from source with an LLMView Source

Key figures

39.6%1Y

81.6%3Y

72.9%5Y

Performance

14.9%1Y

24.4%3Y

25.4%5Y

Volatility