Upcoming Dividend • Jun 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 25 August 2026. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.0%). Declared Dividend • May 15
Dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 29th June 2026 Payment date: 25th August 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Outside Audit & Supervisory Board Member Eiichi Arai was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 29
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥381 (up from JP¥320 in FY 2024). Revenue: JP¥679.8b (up 4.0% from FY 2024). Net income: JP¥41.5b (up 5.5% from FY 2024). Profit margin: 6.1% (up from 6.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 25
Canon Marketing Japan Inc. to Report Q1, 2026 Results on Apr 22, 2026 Canon Marketing Japan Inc. announced that they will report Q1, 2026 results on Apr 22, 2026 Major Estimate Revision • Mar 05
Consensus EPS estimates increase by 20% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥338 to JP¥406. Revenue forecast unchanged at JP¥691.4b. Net income forecast to grow 5.5% next year vs 14% growth forecast for Electronic industry in Japan. Consensus price target of JP¥7,900 unchanged from last update. Share price was steady at JP¥6,861 over the past week. Major Estimate Revision • Feb 09
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥401 to JP¥338 per share. Revenue forecast steady at JP¥691.4b. Net income forecast to grow 5.5% next year vs 11% growth forecast for Electronic industry in Japan. Consensus price target broadly unchanged at JP¥7,900. Share price rose 3.5% to JP¥6,973 over the past week. Reported Earnings • Jan 29
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥381 (up from JP¥320 in FY 2024). Revenue: JP¥679.8b (up 4.0% from FY 2024). Net income: JP¥41.5b (up 5.5% from FY 2024). Profit margin: 6.1% (up from 6.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 26
Canon Marketing Japan Inc. to Report Fiscal Year 2025 Results on Jan 28, 2026 Canon Marketing Japan Inc. announced that they will report fiscal year 2025 results on Jan 28, 2026 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Buy Or Sell Opportunity • Oct 28
Now 21% undervalued Over the last 90 days, the stock has risen 16% to JP¥6,271. The fair value is estimated to be JP¥7,934, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 9.3%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 4.7% per annum over the same time period. Reported Earnings • Oct 25
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: JP¥77.37 (up from JP¥55.55 in 3Q 2024). Revenue: JP¥158.0b (up 2.4% from 3Q 2024). Net income: JP¥8.41b (up 23% from 3Q 2024). Profit margin: 5.3% (up from 4.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 29%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 24
Canon Marketing Japan Inc. (TSE:8060) announces an Equity Buyback for 2,000,000 shares, representing 1.84% for ¥10,000 million. Canon Marketing Japan Inc. (TSE:8060) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.84% of its share capital, for ¥10,000 million. The program will be valid till January 30, 2026. As of September 30, 2025, the company had 108,706,495 shares outstanding (excluding treasury shares) and 2,373,477 shares in treasury. Price Target Changed • Oct 10
Price target increased by 13% to JP¥7,100 Up from JP¥6,300, the current price target is an average from 2 analysts. New target price is 19% above last closing price of JP¥5,972. Stock is up 26% over the past year. The company is forecast to post earnings per share of JP¥371 for next year compared to JP¥320 last year. Announcement • Sep 26
Canon Marketing Japan Inc. to Report Q3, 2025 Results on Oct 24, 2025 Canon Marketing Japan Inc. announced that they will report Q3, 2025 results at 3:00 PM, Tokyo Standard Time on Oct 24, 2025 Declared Dividend • Aug 26
First half dividend of JP¥80.00 announced Dividend of JP¥80.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 30th March 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jul 30
Price target increased by 9.1% to JP¥6,600 Up from JP¥6,050, the current price target is an average from 2 analysts. New target price is 23% above last closing price of JP¥5,385. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥368 for next year compared to JP¥320 last year. Reported Earnings • Jul 25
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: JP¥92.32. Revenue: JP¥166.5b (up 3.0% from 2Q 2024). Net income: JP¥10.1b (down 5.4% from 2Q 2024). Profit margin: 6.0% (down from 6.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Announcement • Jul 24
Canon Marketing Japan Inc. (TSE:8060) announces an Equity Buyback for 300,000 shares, representing 0.28% for ¥1,578 million. Canon Marketing Japan Inc. (TSE:8060) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 0.28% of its share capital, for ¥1,578 million. The shares will be repurchased at ¥5,260 per share. The company will repurchase its shares in order to implement flexible capital and dividend policies. The program will be valid till July 24, 2025. As of June 30, 2025, the company had 108,909,749 shares outstanding (excluding treasury shares) and 2,170,223 shares in treasury. Announcement • Jun 26
Canon Marketing Japan Inc. to Report Q2, 2025 Results on Jul 23, 2025 Canon Marketing Japan Inc. announced that they will report Q2, 2025 results on Jul 23, 2025 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 26 August 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.9%). Reported Earnings • Apr 06
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥320 (up from JP¥281 in FY 2023). Revenue: JP¥653.9b (up 7.3% from FY 2023). Net income: JP¥39.3b (up 7.7% from FY 2023). Profit margin: 6.0% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 26
Canon Marketing Japan Inc. to Report Q1, 2025 Results on Apr 23, 2025 Canon Marketing Japan Inc. announced that they will report Q1, 2025 results on Apr 23, 2025 Price Target Changed • Feb 17
Price target increased by 7.7% to JP¥6,300 Up from JP¥5,850, the current price target is an average from 2 analysts. New target price is 23% above last closing price of JP¥5,135. Stock is up 21% over the past year. The company is forecast to post earnings per share of JP¥365 for next year compared to JP¥320 last year. Reported Earnings • Jan 30
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥320 (up from JP¥281 in FY 2023). Revenue: JP¥653.9b (up 7.3% from FY 2023). Net income: JP¥39.3b (up 7.7% from FY 2023). Profit margin: 6.0% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 29
Canon Marketing Japan Inc., Annual General Meeting, Mar 27, 2025 Canon Marketing Japan Inc., Annual General Meeting, Mar 27, 2025. Announcement • Jan 05
Canon Marketing Japan Inc. to Report Fiscal Year 2024 Results on Jan 29, 2025 Canon Marketing Japan Inc. announced that they will report fiscal year 2024 results on Jan 29, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Announcement • Dec 11
Canon Marketing Japan Inc. (TSE:8060) announces an Equity Buyback for 800,000 shares, representing 0.73% for ¥3,980 million. Canon Marketing Japan Inc. (TSE:8060) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 0.73% of its share capital, for ¥3,980 million. The shares will be repurchased at ¥4,975 per share. The company will repurchase its shares in order to implement flexible capital and dividend policies. The program will be valid till December 12, 2024. As of November 30, 2024, the company had 109,655,011 shares outstanding (excluding treasury shares) and 1,424,961 shares in treasury. Reported Earnings • Oct 24
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: JP¥55.55. 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. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 14%. 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. Announcement • Sep 25
Canon Marketing Japan Inc. to Report Q3, 2024 Results on Oct 23, 2024 Canon Marketing Japan Inc. announced that they will report Q3, 2024 results on Oct 23, 2024 Price Target Changed • Jul 31
Price target increased by 7.2% to JP¥5,950 Up from JP¥5,550, the current price target is an average from 2 analysts. New target price is 28% above last closing price of JP¥4,663. Stock is up 26% over the past year. The company is forecast to post earnings per share of JP¥318 for next year compared to JP¥281 last year. Reported Earnings • Jul 26
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥81.92 (up from JP¥63.32 in 2Q 2023). Revenue: JP¥161.7b (up 9.3% from 2Q 2023). Net income: JP¥10.6b (up 29% from 2Q 2023). Profit margin: 6.6% (up from 5.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 25
Canon Marketing Japan Inc. (TSE:8060) announces an Equity Buyback for 22,000,000 shares, representing 16.78% for ¥90,002 million. Canon Marketing Japan Inc. (TSE:8060) announces a share repurchase program. Under the program, the company will repurchase up to 22,000,000 shares, representing 16.78% of its share capital, for ¥5,253.84 million. The shares will be repurchased at ¥4,091 per share. The company will repurchase 20,000,000 shares from Canon Inc. (TSE:7751). The company will repurchase its shares in order to implement flexible capital and dividend policies. If the offer is oversubscribed the company may repurchase up to additional 100 shares. The offer will be valid till August 22, 2024. As of June 30, 2024, the company had 131,079,972 shares outstanding (excluding treasury shares) and 1,399,232 shares in treasury. Announcement • Jun 27
Canon Marketing Japan Inc. to Report Q2, 2024 Results on Jul 24, 2024 Canon Marketing Japan Inc. announced that they will report Q2, 2024 results on Jul 24, 2024 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 26 August 2024. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.4%). Buy Or Sell Opportunity • Jun 05
Now 21% undervalued Over the last 90 days, the stock has risen 2.5% to JP¥4,419. The fair value is estimated to be JP¥5,600, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 5.4% per annum over the same time period. Buy Or Sell Opportunity • May 15
Now 20% undervalued Over the last 90 days, the stock has risen 3.1% to JP¥4,469. The fair value is estimated to be JP¥5,599, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 5.4% per annum over the same time period. Reported Earnings • Apr 24
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: JP¥73.44 (down from JP¥80.59 in 1Q 2023). 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. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 13%. 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. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Apr 17
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at JP¥4,268. The fair value is estimated to be JP¥5,349, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 4.7% per annum over the same time period. Announcement • Mar 26
Canon Marketing Japan Inc. to Report Q1, 2024 Results on Apr 23, 2024 Canon Marketing Japan Inc. announced that they will report Q1, 2024 results on Apr 23, 2024 Announcement • Mar 16
Canon Marketing Japan Inc. (TSE:8060) concluded a stock transfer agreement to acquire Primagest,Inc. from PGT Holdings Joint Stock Company (HNX:PGT). Canon Marketing Japan Inc. (TSE:8060) concluded a stock transfer agreement to acquire Primagest,Inc. from PGT Holdings Joint Stock Company (HNX:PGT) on March 15, 2024. The transaction is expected to close on March 29, 2024. Price Target Changed • Feb 21
Price target increased by 7.8% to JP¥5,067 Up from JP¥4,700, the current price target is an average from 3 analysts. New target price is 18% above last closing price of JP¥4,310. Stock is up 41% over the past year. The company is forecast to post earnings per share of JP¥306 for next year compared to JP¥281 last year. Buy Or Sell Opportunity • Feb 14
Now 20% undervalued Over the last 90 days, the stock has risen 16% to JP¥4,283. The fair value is estimated to be JP¥5,357, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 1.5% per annum. Earnings are also forecast to grow by 4.6% per annum over the same time period. Announcement • Jan 31
Canon Marketing Japan Inc., Annual General Meeting, Mar 27, 2024 Canon Marketing Japan Inc., Annual General Meeting, Mar 27, 2024. Reported Earnings • Jan 30
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: JP¥281 (up from JP¥274 in FY 2022). Revenue: JP¥609.5b (up 3.6% from FY 2022). Net income: JP¥36.5b (up 2.6% from FY 2022). Profit margin: 6.0% (in line with FY 2022). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 26
Canon Marketing Japan Inc. to Report Fiscal Year 2023 Results on Jan 29, 2024 Canon Marketing Japan Inc. announced that they will report fiscal year 2023 results on Jan 29, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥50.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%). Buying Opportunity • Dec 08
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥4,827, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings is also forecast to grow by 5.6% per annum over the same time period. Reported Earnings • Oct 27
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: JP¥55.47 (down from JP¥56.28 in 3Q 2022). Revenue: JP¥141.8b (up 2.6% from 3Q 2022). Net income: JP¥7.19b (down 1.4% from 3Q 2022). Profit margin: 5.1% (down from 5.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 9.5%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year. Buying Opportunity • Oct 26
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥4,717, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings is also forecast to grow by 4.7% per annum over the same time period. Announcement • Sep 10
Canon Marketing Japan Inc. to Report Q3, 2023 Results on Oct 25, 2023 Canon Marketing Japan Inc. announced that they will report Q3, 2023 results on Oct 25, 2023 Reported Earnings • Jul 27
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: JP¥63.32 (down from JP¥72.00 in 2Q 2022). Revenue: JP¥148.0b (up 3.9% from 2Q 2022). Net income: JP¥8.21b (down 12% from 2Q 2022). Profit margin: 5.5% (down from 6.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 4.7%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Announcement • Jun 26
Canon Marketing Japan Inc. to Report Q2, 2023 Results on Jul 26, 2023 Canon Marketing Japan Inc. announced that they will report Q2, 2023 results on Jul 26, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥40.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 28 August 2023. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%). Reported Earnings • Apr 26
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: JP¥80.59 (up from JP¥77.39 in 1Q 2022). Revenue: JP¥154.8b (up 5.0% from 1Q 2022). Net income: JP¥10.5b (up 4.1% from 1Q 2022). Profit margin: 6.7% (down from 6.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 17% per year. Buying Opportunity • Mar 13
Now 21% undervalued Over the last 90 days, the stock is up 4.1%. The fair value is estimated to be JP¥4,006, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 2.0% per annum. Earnings is also forecast to grow by 3.8% per annum over the same time period. Reported Earnings • Mar 02
Full year 2022 earnings: EPS in line with expectations, revenues disappoint Full year 2022 results: EPS: JP¥274 (up from JP¥227 in FY 2021). Revenue: JP¥588.1b (up 6.5% from FY 2021). Net income: JP¥35.6b (up 21% from FY 2021). Profit margin: 6.0% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jan 29
Canon Marketing Japan Inc., Annual General Meeting, Mar 29, 2023 Canon Marketing Japan Inc., Annual General Meeting, Mar 29, 2023. Reported Earnings • Jan 28
Full year 2022 earnings: EPS in line with expectations, revenues disappoint Full year 2022 results: EPS: JP¥274 (up from JP¥227 in FY 2021). Revenue: JP¥588.1b (up 6.5% from FY 2021). Net income: JP¥35.6b (up 21% from FY 2021). Profit margin: 6.0% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Dec 27
Canon Marketing Japan Inc. to Report Fiscal Year 2022 Results on Jan 27, 2023 Canon Marketing Japan Inc. announced that they will report fiscal year 2022 results on Jan 27, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 30 March 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%). Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Outside Audit & Supervisory Board Member Shigeo Hasegawa is the most experienced director on the board, commencing their role in 2014. Independent Outside Director Toshiharu Hasebe was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 27
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥56.28 (up from JP¥40.24 in 3Q 2021). Revenue: JP¥138.2b (up 12% from 3Q 2021). Net income: JP¥7.30b (up 40% from 3Q 2021). Profit margin: 5.3% (up from 4.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 46%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. 