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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

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 4,736,000 519,000 536,000 364,000 414.3 160 Jan 30, 2025 US-GAAP
YoY +5.0% +85.5% +78.0% +127.5% +150.3%

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% － － － －

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