Canon (TSE:7751) Full Year 2024 Results
Key Financial Results
- Revenue: JP¥4.51t (up 7.9% from FY 2023).
- Net income: JP¥160.0b (down 40% from FY 2023).
- Profit margin: 3.5% (down from 6.3% in FY 2023).
- EPS: JP¥166 (down from JP¥264 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Canon EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 50%.
The primary driver behind last 12 months revenue was the Printing segment contributing a total revenue of JP¥2.52t (56% of total revenue). Notably, cost of sales worth JP¥2.37t amounted to 52% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to JP¥1.30t (66% of total expenses). Explore how 7751's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Tech industry in Japan.
Performance of the Japanese Tech industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Canon.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSE:7751
Canon
Manufactures and sells office multifunction devices (MFDs), laser and inkjet printers, cameras, medical equipment, and lithography equipment in Japan, the Americas, Europe, and Asia and Oceania.
Excellent balance sheet second-rate dividend payer.
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