Canon Releases 2021 Interim Report

Canon Releases 2021 Interim Report

For the first half of year 2021, Canon net sales increased by 18.5% year-over-year, while net income attributable to Canon Inc. increased significantly by 707.9% year-over-year.

Amid the current environment, sales of office multifunction devices (MFDs) showed signs of recovery while the sales of both laser printers and inkjet printers, inclusive of their consumable supplies, also grew. As a result, printing business unit sales in the first half increased 10.1% on a consolidated basis, compared to the same period last year. Sales for imaging business unit increased 47.9% on a consolidated basis, compared to the same period last year.

“For the interim dividend for this term, we decided to pay 45.00 yen per share, which is an increase of 5.00 yen compared with the interim dividend for the previous term,” said Fujio Mitarai, chairman and CEO of Canon.

Previously, Canon reported that its net sales increased by 31.0% year-on-year to ¥881.9 billion (US$8.03 billion) in the second quarter (Q2). Net sales for the first half of the year increased by 18.5% year-on-year to ¥1,724.6 billion (US$15.707 billion).

“We not only significantly exceeded our previous projection but also improved profitability compared with the first quarter,” said Toshizo Tanaka (pictured), Executive Vice President & CFO of Canon Inc.

Related:

• Canon Reports Strong Growth in Q2
• Canon Reveals Full Year Results for 2020
• Canon Revised Results Forecast
• Canon Reports Mixed Q1 Results Due to COVID-19

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