Financial Highlights

During the period from January to December of the fiscal year under review, the Japanese economy continued to recover moderately. Looking at consumer spending, there were signs of a recovery in service consumption, including a recovery in the domestic travel market and an increase in dining out. Corporate capital expenditure was robust, chiefly due to replacement investment mainly in the manufacturing industry, which had been postponed because of the COVID-19 pandemic and higher prices and investment in labor savings to cope with the workforce shortage. In particular, appetite for IT investment in financial and manufacturing businesses and a wide range of other sectors was high and remained strong.

Under these economic conditions, the Canon Marketing Japan Group recorded net sales of 653,919 million yen (up 7.3% year on year), mainly reflecting strong sales from maintenance and operation service/outsourcing and IT products and system sales among IT solutions.
In terms of profit, operating income increased 1.2% year on year, to 53,123 million yen, ordinary income rose 1.5% year on year, to 54,393 million yen, and net income attributable to owners of the parent grew 7.7% year on year, to 39,315 million yen mainly reflecting a rise in gross profit associated with higher sales.

Looking ahead to conditions in fiscal 2025, the Japanese economy is expected to continue recovering gradually, partly reflecting the effects of government policies amid the ongoing improvements in the employment and income environment. Nonetheless, there is a risk that factors including weakness in overseas economies and rising prices in Japan could put downward pressure on the economy.
The Group expects both sales and profit to increase by continuing to enhance the profitability of Canon products business. It will seek to improve sales together with profitability in the IT solution business, which is positioned as a growth business. Earnings forecasts are as follows.