kabutan

CANON ELECTRONICS INC., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 18%, July-Septembe Ordinary Profit Increases by 14%

Wed Oct 23, 2024 3:00 pm JST Earnings

7739 CANON ELECTRONICS INC. 【J-GAAP】

Earnings Report

CANON ELECTRONICS INC. <7739> [TSE-P] announced its financial results after the market closed on October 23rd (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 18.0% from the same period last year, reaching 6.99 billion yen. The progress rate against the 9.1 billion yen full-year plan was 76.9%, also surpassing the five-year average of 65.8%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to drop by 30.7% from the same period last year to 2.1 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 14.1% from the same period last year, reaching 2.44 billion yen. The operating profit margin significantly improved from 9.3% in the same period last year to 13.7%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 69,207 3,420 5,066 3,978 97.4 56.8 Oct 25, 2022 J-GAAP
Jan - Sep, 2023 71,376 4,613 5,927 4,687 114.7 66.1 Oct 25, 2023 J-GAAP
Jan - Sep, 2024 72,807 8,248 6,996 5,640 137.9 76.9 Oct 23, 2024 J-GAAP
YoY +2.0% +78.8% +18.0% +20.3% +20.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 47,832 6,663 5,179 3,432 84.0 30 Jan 29, 2024 J-GAAP
Jul - Dec, 2024 Guidance 49,277 4,437 4,549 2,589 63.3 － Jul 24, 2024 J-GAAP
YoY +3.0% -33.4% -12.2% -24.6% -24.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 96,506 8,046 8,922 6,920 169.3 60 Jan 27, 2023 J-GAAP
Dec, 2023 96,321 9,142 8,963 6,566 160.6 60 Jan 29, 2024 J-GAAP
Dec, 2024 Guidance 97,000 9,250 9,100 6,160 150.6 － Jan 29, 2024 J-GAAP
YoY +0.7% +1.2% +1.5% -6.2% -6.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 22,887 2,134 2,143 1,553 38.0 9.3 Oct 25, 2023 J-GAAP
Oct - Dec, 2023 24,945 4,529 3,036 1,879 46.0 18.2 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 22,450 2,213 2,064 1,951 47.7 9.9 Apr 23, 2024 J-GAAP
Apr - Jun, 2024 25,273 2,600 2,487 1,620 39.6 10.3 Jul 24, 2024 J-GAAP
Jul - Sep, 2024 25,084 3,435 2,445 2,069 50.6 13.7 Oct 23, 2024 J-GAAP
YoY +9.6% +61.0% +14.1% +33.2% +33.2%

Related Articles