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Canon (7751) investor relations material
Canon Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
3Q sales rose 4.9% YoY to a record ¥1,158.8B; operating profit increased 10.3% to ¥97.1B and net income rose 18.2% to ¥75.2B.
9M sales increased 4.0% to ¥3,433.4B and operating profit rose 8.4% to ¥327.7B.
Imaging led segment growth, while Medical and Industrial operating profit declined; a depreciation-method change also lifted reported earnings.
Financial highlights
3Q gross profit increased 6.2% to ¥543.9B; gross margin was 46.9% vs. 46.4% and operating margin was 8.4% vs. 8.0%.
9M income before taxes rose 14.1% to ¥358.4B; net income attributable to shareholders increased 12.2% to ¥246.4B.
9M basic EPS was ¥287.24 vs. ¥240.99; comprehensive income declined to ¥203.5B from ¥247.8B.
FY26 projected operating margin is 9.6% vs. 9.8% in 2025; projected net income margin is 7.0% vs. 7.2%.
FY26 ROE outlook is 9.6%; stated cost of capital range is 5%–6%.
Outlook and guidance
FY26 forecast: sales ¥4,766B (+3.1% YoY), operating profit ¥456B (+0.1%), income before taxes ¥483B (+0.2%) and net income attributable to shareholders ¥333B (+0.3%).
Versus prior guidance, sales were cut ¥34B, operating profit ¥9B and net income ¥7B; Medical weakness drove the overall reduction.
Medical production-delay sales impact was revised from ~¥45B to ~¥90B; production normalization is expected from 2027 onward.
Printing outlook rose after improved 3Q performance; Camera and Industrial factors behind downward revisions are expected to be resolved next year.
FY26 basic EPS forecast is ¥390.78 (+6.3%); annual dividend forecast is ¥160 per share, with a ~40% payout target without reducing the dividend.
- FY 2024 guidance targets 15.9% operating-profit growth and a 10.0% margin.7751
Q4 2023 - Record sales and profit growth led to a raised outlook, driven by Imaging and Printing.7751
Q2 2026 - Record 1Q sales up 3.3% YoY, but profit and net income fell on higher costs and tariffs.7751
Q1 2026 - Record sales and profit growth in 2025, with further gains and higher margins projected for 2026.7751
Q4 2025 - Record sales offset by profit pressure from tariffs; guidance lowered, dividend raised.7751
Q3 2025 - Profitability improved in local currency, but full-year guidance was revised downward.7751
Q2 2025 - Record sales and profit growth in Q3 2024, led by Printing and Imaging, with a strong full-year outlook.7751
Q3 2024 - Record Q2 sales and profit growth, with raised full-year outlook and strong segment results.7751
Q2 2024 - Record sales in 2024, Medical goodwill hit, but 2025 profit rebound expected.7751
Q4 2024
Next Canon earnings date
Next Canon earnings date
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