Canon Marketing Japan Third Quarter 2024 Earnings: Misses Expectations

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

Key Financial Results

• Revenue: JP¥154.3b (up 8.8% from 3Q 2023).
• Net income: JP¥6.83b (down 5.0% from 3Q 2023).
• Profit margin: 4.4% (down from 5.1% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: JP¥55.55.

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

Canon Marketing Japan Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan.

Performance of the Japanese Electronic industry.

The company's shares are down 6.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Canon Marketing Japan that you should be aware of.

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