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CANON, Pretax Income Forecast for the Fiscal Year Revised Downward by 1%

Mon Oct 27, 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 October 27th (15:30). The consolidated pretax income for the cumulative third quarter of the fiscal year ending December 2025 (January to September) was 314 billion yen, a 1.1% increase compared to the same period last year.

However, the full-year forecast for consolidated pretax income has decreased 1.3%, from the previous forecast of 472 billion yen to 466 billion yen (compared to 301 billion yen in the previous period), leading to a reduction in the profit growth rate from 56.7% to 54.7%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated pretax income for the July to December period (second half) has decreased 2.4%, from the previous forecast of 249 billion yen to 243 billion yen (compared to 79.7 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 3.1 times to 3.1 times.

In the most recent three-month period, from July to September (3Q), the consolidated pretax income amounted to 91.8 billion yen, an increase of 2.8% compared to the same period last year. However, the operating profit margin worsened from 9.1% in the same period last year to 8.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 3,017,254 259,373 275,982 183,947 183.0 70.6 Oct 26, 2023 US-GAAP
Jan - Sep, 2024 3,236,111 296,638 310,769 218,569 224.5 103.2 Oct 24, 2024 US-GAAP
Jan - Sep, 2025 3,302,891 302,355 314,149 219,571 241.0 67.4 Oct 27, 2025 US-GAAP
YoY +2.1% +1.9% +1.1% +0.5% +7.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 2,401,433 245,692 249,681 174,096 198.2 80 Jul 24, 2025 US-GAAP
Jul - Dec, 2025 New 2,417,433 236,692 243,681 169,596 193.0 80 Oct 27, 2025 US-GAAP
Revision Rate +0.7% -3.7% -2.4% -2.6% -2.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 4,600,000 460,000 472,000 330,000 375.6 160 Jul 24, 2025 US-GAAP
Dec, 2025 New 4,616,000 451,000 466,000 325,500 370.5 160 Oct 27, 2025 US-GAAP
Revision Rate +0.3% -2.0% -1.3% -1.4% -1.4%

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 2,417,433 236,692 243,681 169,596 193.0 80 Oct 27, 2025 US-GAAP
YoY +2.7% +191.2% +205.7% +1,559.6% +1,726.1%

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 4,616,000 451,000 466,000 325,500 370.5 160 Oct 27, 2025 US-GAAP
YoY +2.4% +61.2% +54.7% +103.4% +123.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jul - Sep, 2025 1,104,324 88,047 91,830 63,667 69.9 8.0 Oct 27, 2025 US-GAAP
YoY +2.3% -10.3% +2.8% -7.4% -1.1%

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