Canon Marketing Japan (8060) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2025, rose 4.7% year-over-year to ¥333,849 million, with operating income up 5.0% to ¥27,325 million and ordinary income up 3.9% to ¥28,047 million.

• Net sales and income increased year-over-year, with operating and ordinary income reaching record highs for the second quarter.

• IT solutions business grew 6% year-over-year, driven by strong maintenance, operation service, and IT product/system sales.

• Net income attributable to owners of the parent declined 6.4% year-over-year to ¥18,864 million.

• The merger of Canon IT Solutions Inc. and TCS Inc. was completed on July 1, 2025.

Financial highlights

• 2Q FY2025 net sales: ¥166.5B (+3% YoY); operating income: ¥14.2B (+16% YoY); ordinary income: ¥14.8B (+14% YoY); net income attributable to owners: ¥10.1B (-5% YoY).

• 1H FY2025 net sales: ¥333.8B (+5% YoY); operating income: ¥28.0B (+4% YoY); net income attributable to owners: ¥18.9B (-6% YoY).

• Gross profit increased to ¥105,942 million from ¥103,426 million year-over-year.

• Basic earnings per share for the six months was ¥173.21, up from ¥155.36 in the prior year.

• Total assets as of June 30, 2025, were ¥530,151 million, with equity at ¥393,949 million and an equity-to-asset ratio of 74.1%.

Outlook and guidance

• FY2025 operating income forecast revised upward by ¥1B to ¥57.0B, reflecting strong IT solutions performance.

• Full-year net sales forecast maintained at ¥680.0B (+4% YoY); net income forecast at ¥39.5B (+1% YoY).

• Operating income is projected at ¥57,000 million (+7.3%), ordinary income at ¥58,000 million (+6.6%), and net income attributable to owners of the parent at ¥39,500 million (+0.5%).

• Basic earnings per share for the full year is forecast at ¥362.69.

• Dividend forecast revised upward to ¥150 per share for the year ending December 31, 2025.