Slide 1: Canon Inc. FY 2025 Results
Canon Inc. FY 2025 Results January 29, 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 statements oth
Slide 2: Agenda
Agenda ◼ 4Q/FY 2025 Results P 2-5 ◼ FY 2026 Projection P 6-10 ◼ Financial Situation P 11-13 ◼ Summary P 14 ◼ Supplementary Information P 15-20 1
Slide 3: 4Q 2025 / FY 2025 Results
4Q 2025/ FY 2025 Results ◼ In our markets, trend of delayed investment in 2nd half, due to additional U.S. tariffs combined with geopolitical risks, continued in Q4 ◼ In Q4, despite decline in laser printer sales, overall sales at record high, driven by double-digit growth in cameras and network cam
Slide 4: P&L (4Q/FY 2025 Results)
P&L (4Q/FY 2025 Results) 4Q Full Year 2025 2025 2024 2025 2024 Amount (Billions of yen) % Change % Change Previous Actual Actual Actual Actual Change Projection Net Sales 1,321.8 1,273.7 +3.8% 4,624.7 4,509.8 +2.5% 4,616.0 +8.7 Gross Profit 614.3 596.7 +2.9% 2,162.0 2,143.1 +0.9% 2,154.0 +8.0 (% of
Slide 5: FY 2025 Operating Profit Analysis
FY 2025 Operating Profit Analysis (FY 2025 Actual versus FY 2024 Actual) (Billions of yen) +37.2 +15.0 +6.7 +0.4 -17.5 -31.3 Change in Net Sales, excluding FX impact, for reference FX Details Printing: -22.7 444.9 Net Sales: +6.9 Medical: +25.7 455.4 Cost of Sales: +8.6 Imaging: +137.6 Op. Expenses:
Slide 6: 2025 Financial Results by Business Unit
2025 Financial Results by Business Unit (4Q/FY 2025 Results) 4Q Full Year 2025 2025 2024 2025 2024 Amount (Billions of yen) % Change % Change Previous Actual Actual Actual Actual Change Projection Net Sales 668.8 677.1 -1.2% 2,494.4 2,522.7 -1.1% 2,495.1 -0.7 Printing Op. Profit 53.6 84.5 -36.6% 255
Slide 7: 2026 Outlook
2026 Outlook ◼ In 2026, expect political and economic uncertainty to continue due to additional U.S. tariffs and geopolitical risks ◼ Aim to not only expand sales in growth areas of Medical, network cameras and commercial printing, but also raise market share in office MFDs, inkjet, and cameras ◼ Ac
Slide 8: 2026 Financial Projection
2026 Financial Projection (Full Year) FY 2026 FY 2025 (Billions of yen) % Change Projection Actual Net Sales 4,765.0 4,624.7 +3.0% Gross Profit 2,239.0 2,162.0 +3.6% (% of Net Sales) 47.0% 46.7% Op. Expenses 1,760.0 1,706.6 (% of Net Sales) 36.9% 36.9% Op. Profit 479.0 455.4 +5.2% (% of Net Sales) 1
Slide 9: 2026 Operating Profit Analysis
2026 Operating Profit Analysis (FY 2026 Projection versus FY 2025 Actual) (Billions of yen) +53.6 +18.0 -5.6 -2.7 -32.4 -7.3 Change in Net Sales, excluding FX impact, for reference FX Details Printing: -13.4 Net Sales: +46.3 Medical: +27.6 479.0 455.4 +58.4 Cost of Sales: -7.3 Imaging: Industrial: +
Slide 10: Review of Business Structure
Review of Business Structure (Billions of yen) 2024 2025 2026 Full year Full year Actual 1Q 2Q 3Q 4Q Actual Projection Sales Cost -20.0 -1.2 -0.5 -0.8 -5.4 -7.9 -17.2 Structural Effect 8.0 5.0 4.9 5.3 6.8 22.0 11.5 Reform PL Impact -12.0 3.8 4.4 4.5 1.4 14.1 -5.7 Production Cost 0.0 -0.9 -0.1 -4.8 -
Slide 11: 2026 Financial Projection by Business Unit
2026 Financial Projection by Business Unit (Full Year) FY 2026 FY 2025 (Billions of yen) % Change Projection Actual Net Sales 2,532.9 2,494.4 +1.5% Printing Op. Profit 257.4 255.8 +0.6% (%) (10.2%) (10.3%) Medical Net Sales 616.1 580.6 +6.1% Op. Profit 38.3 32.8 +16.9% (%) (6.2%) (5.6%) Imaging Net
Slide 12: Inventory
Inventory ◼ Reduce inventory turnover by 2 days compare to end of last year through inventory reduction activities ◼ Aiming for optimal level of inventory of less than 60 days by end of 2026 (Billions of yen) 2024 2025 Mar.-end Jun.-end Sep.-end Dec.-end Mar.-end Jun.-end Sep.-end Dec.-end Amt. 347.
Slide 13: Cash Flow
Cash Flow (Full Year) ◼ Generate 600 billion yen in operating cash flow ◼ Invest in future growth and maintain active shareholder returns FY2026 FY 2025 FY 2024 (Billions of yen) Projection Actual Actual Net income 341.0 332.1 325.1 Depreciation and amortization 230.0 239.2 235.5 Others 29.0 -95.4 4
Slide 14: Return on Capital
Return on Capital ◼ Achieved ROE of 9.7% in 2025 and expect to raise to 10% in 2026 ◼ Promote measures to improve return on capital to achieve Phase VII targets 14% ROE 12% PBR (4.8% including Impairment Loss) 9.7% 10.0% 10% 9.4% 7.9% 8.1% 8.2% 1.4x 8% 1.2x 1.1x 1.0x 6% 0.8x Weighted Average Cost of
Slide 15: Summary
Summary ◼ In 2026, first year of 5-year plan, complete structural reforms and further enhance quality of management to achieve further growth Net Sales Operating Profit （Billions of yen） (Trillions of yen) 6 1,200 5.6T 4.77T 5.0T 5 1,000 Net Sales 4.51T 4.62T 4.18T 4.03T 4 800 3.51T 3 600 Operating
Slide 16: Supplementary Information
Supplementary Information
Slide 17: 2025 Operating Profit Analysis
2025 Operating Profit Analysis (FY 2025 Previous Projection versus FY 2025 Actual) (Billions of yen) +6.3 +6.5 +3.8 +1.7 -12.0 -1.9 Change in Net Sales, excluding FX impact, for reference Printing: -11.8 FX Details Medical: +0.5 451.0 Net Sales: +23.7 Imaging: +0.2 455.4 Cost of Sales: -10.0 Industr
Slide 18: Printing
Printing Net Sales & Net Sales Growth Rate Y/Y (Billions of yen) 4Q Full Year Full Year 2025 2025 2024 % 2025 2024 % Amount 2026 % Previous Actual Actual Change Actual Actual Change Change Projection Change Projection Production 126.6 125.7 +0.7% 437.3 441.5 -0.9% 446.6 -9.3 480.3 +9.8% Office Offic
Slide 19: Printing Hardware & Non-hardware Sales
Printing Hardware & Non-hardware Sales FY 2026 FY 2025 FY 2024 Full Year 4Q Full Year 4Q Full Year Projection Actual Actual Actual Actual Hardware +19% -7% -4% +7% +11% JPY Non-hardware +5% +6% +1% +4% +9% Production Hardware +17% -11% -5% +4% +4% LC Non-hardware +3% +1% 0% +2% +2% Hardware +4% -3%
Slide 20: Medical
Medical Net Sales & Net Sales Growth Rate Y/Y (Billions of yen) 4Q Full Year Full Year 2025 2025 2024 % 2025 2024 % Amount 2026 % Previous Actual Actual Change Actual Actual Change Change Projection Change Projection Net Sales 168.4 161.3 +4.4% 580.6 568.8 +2.1% 580.9 -0.3 616.1 +6.1% Op. Profit 14.
Slide 21: Imaging
Imaging Net Sales & Net Sales Growth Rate Y/Y (Billions of yen) 4Q Full Year Full Year 2025 2025 2024 % 2025 2024 % Amount 2026 % Previous Actual Actual Change Actual Actual Change Change Projection Change Projection Cameras 199.3 176.5 +13.0% 625.5 579.9 +7.9% 632.1 -6.6 675.3 +8.0% Network Cameras
Slide 22: Industrial
Industrial Net Sales & Net Sales Growth Rate Y/Y (Billions of yen) 4Q Full Year Full Year 2025 2025 2024 % 2025 2024 % Amount 2026 % Previous Actual Actual Change Actual Actual Change Change Projection Change Projection Optical Equipment 82.8 93.6 -11.7% 256.4 253.4 +1.2% 260.4 -4.0 256.6 +0.1% Indu