Canon reports record nine-month sales, positive full-year outlook

Canon Inc. reported record-high consolidated net sales of JPY3,302.9 bn for the first nine months ended September 30, 2025, a 2.1% increase year-on-year, with operating profit rising 1.9% to JPY302.4 bn. Net income attributable to Canon Inc. shareholders for this period grew 0.5% to JPY219.6 bn, translating to JPY240.99 per basic share, an increase of JPY16.50 from the previous year. For the third quarter alone, net sales reached JPY1,104.3 bn, a 2.3% increase, despite a 10.3% decrease in operating profit to JPY88.0 bn attributed to product mix and U.S. tariff impacts.

The company projects full-year consolidated net sales of JPY4,616.0 bn, a 2.4% year-on-year increase, and anticipates operating profit of JPY451.0 bn. Net income attributable to Canon Inc. is expected to be JPY325.5 bn, representing a 103.4% increase over the adjusted previous year. The forecast for basic net income per share is JPY360.23, reflecting a 117.6% increase.

Canon's strong performance was bolstered by growth in its Imaging and Industrial Business Units, with sales of mirrorless cameras and FPD lithography equipment contributing significantly. The company aims for a 50% payout ratio for the year ending December 2025, with an anticipated annual dividend of JPY160.00 per share, up from JPY155.00 in 2024.