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CANON, Pretax Income Forecast for the Fiscal Year Revised Downward by 2%

Thu Jul 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 July 24th (15:30). The consolidated pretax income for the cumulative second quarter of the fiscal year ending December 2025 (January to June) was 222 billion yen, a 0.4% increase compared to the same period last year.

However, the full-year forecast for consolidated pretax income has decreased 1.9%, from the previous forecast of 481 billion yen to 472 billion yen (compared to 301 billion yen in the previous period), leading to a reduction in the profit growth rate from 59.7% to 56.7%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated pretax income for the July to December period (second half) is expected to surge 3.1 times that of the same period last year, reaching 249 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated pretax income decreased to 123 billion yen, a 6.6% decrease compared to the same period last year. However, the operating profit margin rose from 10.1% in the same period last year to 10.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 1,992,007 176,749 188,662 121,813 120.4 48.3 Jul 27, 2023 US-GAAP
Jan - Jun, 2024 2,156,305 198,474 221,447 149,806 152.5 73.5 Jul 25, 2024 US-GAAP
Jan - Jun, 2025 2,198,567 214,308 222,319 155,904 169.2 47.1 Jul 24, 2025 US-GAAP
YoY +2.0% +8.0% +0.4% +4.1% +10.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance ー ー ー ー － 80 Jan 30, 2025 US-GAAP
Jan - Jun, 2025 Results 2,198,567 214,308 222,319 155,904 169.2 80 Jul 24, 2025 US-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 4,650,000 466,000 481,000 333,000 379.0 160 Apr 24, 2025 US-GAAP
Dec, 2025 New 4,600,000 460,000 472,000 330,000 375.6 160 Jul 24, 2025 US-GAAP
Revision Rate -1.1% -1.3% -1.9% -0.9% -0.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 2,353,516 81,280 79,714 10,219 10.6 80 Jan 30, 2025 US-GAAP
Jul - Dec, 2025 Guidance 2,401,433 245,692 249,681 174,096 198.2 80 Jul 24, 2025 US-GAAP
YoY +2.0% +202.3% +213.2% +1,603.7% +1,774.6%

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 4,600,000 460,000 472,000 330,000 375.6 160 Jul 24, 2025 US-GAAP
YoY +2.0% +64.4% +56.7% +106.2% +126.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Apr - Jun, 2025 1,140,171 117,791 123,474 83,673 90.8 10.3 Jul 24, 2025 US-GAAP
YoY -2.4% -0.5% -6.6% -6.9% -0.8%

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