Canon Marketing Japan Inc. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2018; Provides Dividend Guidance for the Year End of Fiscal Year Ending December 31, 2018; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2018
October 23, 2018
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Canon Marketing Japan Inc. reported consolidated earnings results for the nine months ended September 30, 2018. For the nine months, the company's Net Sales were JPY 447,923 million compared to JPY 456,245 million a year ago. Operating income was JPY 15,899 million compared to JPY 18,409 million a year ago. Ordinary income was JPY 17,306 million compared to JPY 19,334 million a year ago. Profit attributable to owners of parent was JPY 11,551 million compared to JPY 12,515 million a year ago. Basic earnings per share were JPY 89.09 compared to JPY 96.52 a year ago. Profit before income taxes was JPY 17,650 million compared to JPY 19,060 million a year ago. Net cash provided by operating activities was JPY 22,780 million compared to JPY 22,357 million a year ago. Payments for purchases of property, plant and equipment was JPY 8,109 million compared to JPY 8,231 million a year ago. Payments for purchases of intangible assets was JPY 1,139 million compared to JPY 897 million a year ago.
The company provided dividend guidance for the year end of fiscal year ending December 31, 2018. For the year end, the company expects to pay dividend of JPY 35 per share compared to JPY 35 per share paid a year ago.
The company also provided consolidated earning guidance for the year ending December 31, 2018. For the year, the company expects net sales of JPY 620,000 million, operating income of JPY 27,000 million, ordinary income of JPY 28,500 million and profit attributable to owners of parent of JPY 19,000 million or JPY 146.53 per basic share.
Canon Marketing Japan Inc. is involved in the sale of Canon-branded products and the provision of marketing and other services in Japan, as well as the information technology (IT) solutions, industrial equipment and healthcare businesses. The Company operates in four segments. The Consumer segment provides digital cameras and inkjet printers to individual customers. The Enterprise segment provides input and output devices and solutions that contribute to solving business problems for large companies. The Area segment provides input and output devices and solutions that help customers solve business problems for small and medium-sized businesses. The Professional segment provides solutions for customers in each area.
Canon Marketing Japan Inc. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2018; Provides Dividend Guidance for the Year End of Fiscal Year Ending December 31, 2018; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2018