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CANON, The Current Fiscal Year Pretax Income Revised Downward by 10%

Thu Apr 24, 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 April 24th (15:30). The consolidated pretax income for the first quarter of the fiscal year ending December 2025 (January to March) increased 10.8% from the same period last year, reaching 98.8 billion yen.

However, the full-year consolidated pretax income has decreased 10.3%, from the previous forecast of 536 billion yen to 481 billion yen (compared to 301 billion yen in the previous period), leading to a reduction in the profit growth rate from 78.0% to 59.7%.

In the most recent three-month period, from January to March (1Q), the operating profit margin improved from 8.1% in the same period last year to 9.1%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Mar, 2023 971,125 84,475 87,534 56,410 55.6 46.4 Apr 26, 2023 US-GAAP
Jan - Mar, 2024 988,519 80,083 89,222 59,949 60.7 40.3 Apr 24, 2024 US-GAAP
Jan - Mar, 2025 1,058,396 96,517 98,845 72,231 77.3 Apr 24, 2025 US-GAAP
YoY +7.1% +20.5% +10.8% +20.5% +27.3%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 4,736,000 519,000 536,000 364,000 414.3 160 Jan 30, 2025 US-GAAP
Dec, 2025 New 4,650,000 466,000 481,000 333,000 379.0 160 Apr 24, 2025 US-GAAP
Revision Rate -1.8% -10.2% -10.3% -8.5% -8.5%

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 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 4,650,000 466,000 481,000 333,000 379.0 160 Apr 24, 2025 US-GAAP
YoY +3.1% +66.6% +59.7% +108.1% +129.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 1,058,396 96,517 98,845 72,231 77.3 9.1 Apr 24, 2025 US-GAAP
YoY +7.1% +20.5% +10.8% +20.5% +27.3%

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