CANON, 78% Increase in Pretax Income for The Current Fiscal Year, Increased Previous Year's Dividend by 5 yen, This Fiscal Year to Increase Dividend by 5 yen

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Thu Jan 30, 2025 3:30 pm JST Earnings

7751 CANON INC. 【US-GAAP】

Earnings Report

CANON INC. <7751> [TSE Prime] announced its financial results (based on US-GAAP) after the market closed on January 30th (15:30). The consolidated pretax income for the fiscal year ending December 2024 decreased 22.9% from the previous period to 301 billion yen. In the fiscal year ending December 2025, the profit is expected to expand to 78.0% to 536 billion yen. This will be the fifth consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 150 yen to 155 yen (compared to 140 yen in the prior term), and has decided to increase the dividend this fiscal year to 160 yen, an increase of 5 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated pretax income/loss turned to a loss of 9.6 billion yen (compared to a profit of 114 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 10.0% in the same period last year to -1.3%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	4,031,414	353,399	352,440	243,961	236.7	120	Jan 30, 2023	US-GAAP
Dec, 2023	4,180,972	375,366	390,767	264,513	264.2	140	Jan 30, 2024	US-GAAP
Dec, 2024	4,509,821	279,754	301,161	160,025	165.5	155	Jan 30, 2025	US-GAAP
YoY	+7.9%	-25.5%	-22.9%	-39.5%	-37.3%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	4,540,000	455,500	475,500	325,000	344.3	150	Oct 24, 2024	US-GAAP
Dec, 2024 Results	4,509,821	279,754	301,161	160,025	165.5	155	Jan 30, 2025	US-GAAP
Revision Rate	-0.7%	-38.6%	-36.7%	-50.8%	-51.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	2,156,305	198,474	221,447	149,806	152.5	75	Jul 25, 2024	US-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	80	Jan 30, 2025	US-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	4,180,972	375,366	390,767	264,513	264.2	140	Jan 30, 2024	US-GAAP
Dec, 2024	4,509,821	279,754	301,161	160,025	165.5	155	Jan 30, 2025	US-GAAP
Dec, 2025 Guidance	4,736,000	519,000	536,000	364,000	393.8	160	Jan 30, 2025	US-GAAP
YoY	+5.0%	+85.5%	+78.0%	+127.5%	+137.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,163,718	115,993	114,785	80,566	80.5	10.0	Jan 30, 2024	US-GAAP
Jan - Mar, 2024	988,519	80,083	89,222	59,949	60.7	8.1	Apr 24, 2024	US-GAAP
Apr - Jun, 2024	1,167,786	118,391	132,225	89,857	91.5	10.1	Jul 25, 2024	US-GAAP
Jul - Sep, 2024	1,079,806	98,164	89,322	68,763	70.6	9.1	Oct 24, 2024	US-GAAP
Oct - Dec, 2024	1,273,710	-16,884	-9,608	-58,544	-60.6	-1.3	Jan 30, 2025	US-GAAP
YoY	+9.5%	－	－	－	－