CANON INC Reports Record Fourth Quarter Earnings with 41.9% YOY Increase in Revenue.
April 6, 2023
Earnings Overview
On January 30 2023, CANON INC ($TSE:7751) released their earnings report for the fourth quarter of FY2022 ending December 31 2022, revealing a total revenue of JPY 84.8 billion, a 41.9% year-over-year increase, and net income at JPY 1157.2 billion, a 21.1% year-over-year rise.
Price History
This remarkable achievement is testament to the company’s continued success in the global marketplace. Following the news, CANON INC stock opened at JP¥2937.5 and closed at JP¥2947.5, down by a negligible 0.1% from its prior closing price of JP¥2949.5. CANON INC attributed this increase in revenue to higher sales of camera lens products and image sensors, as well as strong demand for their printing solutions and multifunction devices in the Asia-Pacific region. They also experienced strong growth in their industrial solutions and services division.
Additionally, CANON INC’s restructuring initiatives and cost-reduction efforts helped to further elevate their financial performance. The stellar results are indicative of CANON INC’s commitment to innovation and customer satisfaction. Their strategy of diversifying their product portfolio and expanding into new markets has allowed them to remain one of the industry leaders in digital imaging and printing technology solutions. Looking ahead, CANON INC has set a goal to become the number one digital imaging provider in the world. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Canon Inc. More…
| Total Revenues | Net Income | Net Margin |
| 4.03M | 243.96k | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Canon Inc. More…
| Operations | Investing | Financing |
| 262.6k | -180.82k | -146.84k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Canon Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.1M | 1.75M | 3.07k |
Key Ratios Snapshot
Some of the financial key ratios for Canon Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.9% | 26.5% | 8.8% |
| FCF Margin | ROE | ROA |
| 1.8% | 7.1% | 4.3% |
Analysis
At GoodWhale, we recently conducted an analysis of CANON INC‘s financials to help our users identify the risk associated with investing in the company. Our analysis revealed that CANON INC is a low risk investment both in terms of financial and business aspects. However, we did detect one risk warning in their balance sheet which, as a registered user, you can access on our platform. It’s important to be aware of the risks associated with any investment, so be sure to check out our risk ratings and tools to help you make the best decision. More…
Peers
The competition between Canon Inc and its competitors is fierce. Flytech Technology Co Ltd, Video Display Corp, and Kubotek Corp are all fierce rivals in this competitive landscape, each bringing their own unique approaches to the industry. Despite their differences, these companies are all striving to stay ahead of the competition in order to produce the best products and services for their customers.
– Flytech Technology Co Ltd ($TWSE:6206)
Flytech Technology Co Ltd is a leading technology company that specializes in the production of electronic products and services. With its market capitalization of 9.63B as of 2023, it is one of the largest technology companies in the world. It has also achieved an impressive Return on Equity of 19.13%, a sign of its financial health and stability. The company has a wide range of products and services, ranging from consumer electronics to enterprise solutions, making it one of the most versatile technology companies in the world.
– Video Display Corp ($OTCPK:VIDE)
Video Display Corporation is a publicly-traded manufacturer of video display products. Founded in 1984, the company serves a variety of markets, including medical, aerospace, military and industrial. As of 2023, Video Display Corporation has a market capitalization of 7.7 million dollars. This represents the total value of the company’s outstanding shares on the open market. The company also has a Return on Equity (ROE) of -75.89%, which is a measure of the company’s profitability by comparing its net income to its total equity. This negative ROE indicates that the company is not performing well, and may be losing money.
– Kubotek Corp ($TSE:7709)
Kubotek Corp is a leading provider of CAD/CAM software solutions for product design and manufacturing. As of 2023, the company had a market cap of 2.97 billion dollars, indicating that the company has a strong presence in the market. The return on equity for the company is -12.18%, which suggests that the company has not been able to generate sufficient income from its operations. Despite this, Kubotek Corp continues to offer its innovative software solutions and remains a dominant player in the CAD/CAM software industry.
Summary
Canon Inc‘s fourth quarter results for the fiscal year ending December 31, 2023 saw a significant increase in both total revenue and net income. Total revenue was JPY 84.8 billion, an increase of 41.9% year-over-year, while net income was JPY 1157.2 billion, a 21.1% year-over-year increase. This strong performance highlights the potential value of investing in Canon Inc. Investors should be aware that current performance is not necessarily indicative of future performance. Analysts should conduct further due diligence to establish the likelihood of future returns.
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