CANON ELECTRONICS, 6% Increase in Ordinary Profit for The Current Fiscal Year

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Wed Jan 29, 2025 3:30 pm JST Earnings

7739 CANON ELECTRONICS INC. 【J-GAAP】

Earnings Report

CANON ELECTRONICS INC. <7739> [TSE Prime] announced its financial results after the market closed on January 29th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 increased 10.2% from the previous period to 9.87 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 6.3% to 10.5 billion yen. This will be the fifth consecutive term of profit growth.

At the same time, the company decided to implement a year-end dividend of 35 yen for the previous term, which had been previously undecided (making the annual dividend 70 yen), and has left the annual dividend for the current term undetermined.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit decreased to 2.88 billion yen, a 5.1% decrease compared to the same period last year. The operating profit margin sharply declined from 18.2% in the same period last year to 7.7%.

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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	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	100,656	10,397	9,877	7,655	187.2	70	Jan 29, 2025	J-GAAP
YoY	+4.5%	+13.7%	+10.2%	+16.6%	+16.6%

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	97,000	9,250	9,100	6,160	150.6	－	Jan 29, 2024	J-GAAP
Dec, 2024 Results	100,656	10,397	9,877	7,655	187.2	70	Jan 29, 2025	J-GAAP
Revision Rate	+3.8%	+12.4%	+8.5%	+24.3%	+24.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	47,723	4,813	4,551	3,571	87.4	35	Jul 24, 2024	J-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	－	Jan 29, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	96,321	9,142	8,963	6,566	160.6	60	Jan 29, 2024	J-GAAP
Dec, 2024	100,656	10,397	9,877	7,655	187.2	70	Jan 29, 2025	J-GAAP
Dec, 2025 Guidance	105,000	11,000	10,500	7,800	190.7	－	Jan 29, 2025	J-GAAP
YoY	+4.3%	+5.8%	+6.3%	+1.9%	+1.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Oct - Dec, 2024	27,849	2,149	2,881	2,015	49.3	7.7	Jan 29, 2025	J-GAAP
YoY	+11.6%	-52.6%	-5.1%	+7.2%	+7.2%