Canon Inc. · TSE:7751
Canon — Q3 2026 Earnings Presentation
23 slides from Canon's earnings presentation, Oct 27, 2026
Slide 1: Canon Inc. Third Quarter 2026 Results
Canon Inc. Third Quarter 2026 Results October 27, 2026 This presentation contains forward-looking statements with respect to future results, performance and achievements that are subject to risk and uncertainties and reflect management’s views and assumptions formed by available information. All sta
Slide 2: Agenda
Agenda ◼ 3Q/YTD 2026 Results P 2-5 ◼ FY 2026 Projection P 6-11 ◼ Financial Situation P 12-14 ◼ Summary P 15 ◼ Supplementary Information P 16-21 1
Slide 3: 3Q 2026 Review
3Q 2026 Review ◼ Market conditions – While the U.S. remained solid, Europe continued to be weak, affected by the situation in the Middle East, while demand in China was soft due to sluggish consumer spending ◼ Steady improvement in core printing equipment and strong growth in network cameras drove 3
Slide 4: P&L (3Q/YTD 2026 Results)
P&L (3Q/YTD 2026 Results) 3Q 1Q-3Q 2026 2025 2026 2025 % Change % Change (Billions of yen) Actual Actual Actual Actual Net Sales 1,158.8 1,104.3 +4.9% 3,433.4 3,302.9 +4.0% Gross Profit 543.9 512.0 +6.2% 1,666.9 1,547.7 +7.7% (% of Net Sales) 46.9% 46.4% 48.5% 46.9% Op. Expenses 446.8 424.0 1,339.2
Slide 5: 3Q 2026 Operating Profit Analysis
3Q 2026 Operating Profit Analysis (3Q 2026 Actual versus 3Q 2025 Actual) Change in Net Sales, excluding (Billions of yen) FX impact, for reference Printing: -6.3 Medical: -8.8 Imaging: +16.1 Industrial: -12.7 Others: +4.1 Total: -7.6 +5.5 +7.8 +20.9 -2.3 +15.7 -18.5 -19.8 -0.2 FX Details 88.0 Net Sa
Slide 6: 3Q 2026 Financial Results by Business Unit
3Q 2026 Financial Results by Business Unit 3Q 1Q-3Q 2026 2025 2026 2025 % Change % Change (Billions of yen) Actual Actual Actual Actual Net Sales 627.5 604.0 +3.9% 1,867.4 1,825.6 +2.3% Printing Op. Profit 50.6 52.2 -3.0% 208.2 202.2 +3.0% (%) (8.1%) (8.6%) (11.1%) (11.1%) Net Sales 129.9 132.9 -2.2
Slide 7: 2026 Outlook
2026 Outlook ◼ Procurement and Cost Environment ➢ 4Q memory procurement price level finalized in line with expectations ➢ No further increases in crude oil-related raw material costs observed at this point ➢ Supply constraints for printed circuit boards and related electronic components due to growi
Slide 8: 2026 Outlook
2026 Outlook ◼ Other ➢ Factors behind the downward revisions in cameras and Industrial are expected to be resolved next year ➢ Raised the Printing outlook, reflecting improved 3Q performance ➢ Lowered projection due to weakness in Medical business, but remain committed to achieving overall sales and
Slide 9: 2026 Financial Projection (Full Year)
2026 Financial Projection (Full Year) 2026 2025 2026 Amount Current % Change Previous (Billions of yen) Actual Change Projection Projection Net Sales 4,766.0 4,624.7 +3.1% 4,800.0 -34.0 Gross Profit 2,253.0 2,162.0 +4.2% 2,268.0 -15.0 (% of Net Sales) 47.3% 46.7% 47.3% Op. Expenses 1,797.0 1,706.6 1
Slide 10: 2026 Operating Profit Analysis (FY Current vs Previous Projection)
2026 Operating Profit Analysis (FY 2026 Current Projection versus Previous Projection) Change in Net Sales, (Billions of yen) excluding FX impact, for reference Printing: +26.2 Medical: -44.8 Imaging: -8.6 Industrial: -15.7 Others: +2.7 Total: -40.2 +4.7 +17.9 +2.3 +7.5 -30.0 -2.8 -1.7 -6.9 FX Detai
Slide 11: Review of Business Structure
Review of Business Structure (Billions of yen) 2025 2026 Full year Full 1Q 2Q 3Q 4Q Current Year Projection Sales Cost -7.9 -0.7 -2.0 -4.8 -7.5 -14.9 Structural Effect 22.0 0.8 2.1 2.5 2.5 7.9 Reform PL Impact 14.1 0.1 0.1 -2.3 -5.0 -7.0 Production Cost -14.7 -0.8 -13.6 -4.6 -2.8 -21.8 Structural Ef
Slide 12: 2026 Financial Projection by Business Unit
2026 Financial Projection by Business Unit (Full Year) 2026 2025 2026 Amount Current % Change Previous (Billions of yen) Actual Change Projection Projection Net Sales 2,579.4 2,494.4 +3.4% 2,544.2 +35.2 Printing Op. Profit 262.8 255.8 +2.8% 256.0 +6.8 (%) (10.2%) (10.3%) (10.1%) Medical Net Sales 52
Slide 13: Inventory
Inventory ◼ Deploy inventory built up ahead of the peak selling season to drive sales growth in 4Q ◼ Year-end inventory expected to remain strategically above normal levels in preparation for next year 2025 2026 Change (Amt: Billions of yen) Mar.-end Jun.-end Sep.-end Dec.-end Mar.-end Jun.-end Sep.
Slide 14: Cash Flow (Full Year)
Cash Flow (Full Year) ◼ Operating CF to be in line with prior year despite strategic inventory build-up ◼ Continue investing in growth areas while providing proactive and stable shareholder returns 2026 2026 2025 2024 Current Previous (Billions of yen) Actual Actual Projection Projection Net income
Slide 15: Return on Capital
Return on Capital ◼ 2026 ROE outlook: 9.6% ◼ Advancing initiatives to improve returns on capital and achieve the targets set out in Phase VII 14
Slide 16: Summary
Summary ◼ Achieve revenue and profit growth in 2026, the first year of the current five-year plan, while further enhancing management quality to drive future growth Net Sales Operating Profit （Billions of yen） (Trillions of yen) 6 1,200 5.6T 4.77T 5.0T 5 1,000 4.51T 4.62T Net Sales 4.18T 4.03T 4 800
Slide 17: Supplementary Information
Supplementary Information
Slide 18: 2026 Operating Profit Analysis (FY 2026 Projection vs FY 2025 Actual)
2026 Operating Profit Analysis (FY 2026 Projection versus FY 2025 Actual ) (Billions of yen) FX Details Net Sales: +212.6 Cost of Sales: -72.4 Op. Expenses: -79.6 +60.6 +6.7 +13.1 -11.4 -8.5 +57.4 -55.4 Change in Net Sales, excluding FX -61.9 impact, for reference Printing: -20.0 Medical: -75.6 455.
Slide 19: Printing
Printing Net Sales & Net Sales Growth Rate Y/Y (Billions of yen) 3Q Full Year 2026 2025 2026 2025 2026 % % Amount Current Previous Actual Actual Change Actual Change Change Projection Projection Production 111.3 107.5 +3.5% 469.1 437.3 +7.3% 469.0 +0.1 Office Office MFDs 155.6 149.2 +4.2% 658.8 631.
Slide 20: Printing Hardware & Non-hardware Sales
Printing Hardware & Non-hardware Sales Net Sales Growth Rate of Printing Hardware & Non-hardware 2026 2025 Full Year Full Year 3Q 3Q Projection Actual Hardware -4% +8% +3% -4% JPY Non-hardware +8% +7% +1% +1% Production Hardware -10% +3% +1% -5% LC Non-hardware +1% 0% 0% 0% Hardware +1% +5% -7% -5%
Slide 21: Medical
Medical Net Sales & Net Sales Growth Rate Y/Y (Billions of yen) 3Q Full Year 2026 2025 2026 2025 2026 % % Amount Current Previous Actual Actual Change Actual Change Change Projection Projection Net Sales 129.9 132.9 -2.2% 522.7 580.6 -10.0% 568.2 -45.5 Op. Profit 2.4 6.4 -61.5% 3.6 32.8 -89.0% 22.8
Slide 22: Imaging
Imaging Net Sales & Net Sales Growth Rate Y/Y (Billions of yen) 3Q Full Year 2026 2025 2026 2025 2026 % % Amount Current Previous Actual Actual Change Actual Change Change Projection Projection Cameras 158.8 152.7 +4.0% 675.9 625.5 +8.1% 698.0 -22.1 Network Cameras & Others 136.1 100.9 +34.9% 514.8
Slide 23: Industrial
Industrial Net Sales & Net Sales Growth Rate Y/Y (Billions of yen) 3Q Full Year 2026 2025 2026 2025 2026 % % Amount Current Previous Actual Actual Change Actual Change Change Projection Projection Optical Equipment 50.1 61.9 -19.1% 254.0 256.4 -0.9% 262.2 -8.2 Industrial Equipment 23.6 23.5 +0.5% 84