Canon Marketing Japan First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Canon Marketing Japan (TSE:8060) First Quarter 2024 Results

Key Financial Results

• Revenue: JP¥157.2b (up 1.6% from 1Q 2023).
• Net income: JP¥9.52b (down 8.9% from 1Q 2023).
• Profit margin: 6.1% (down from 6.7% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: JP¥73.44 (down from JP¥80.59 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Canon Marketing Japan Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan.

Performance of the Japanese Electronic industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Canon Marketing Japan that you need to be mindful of.

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