Financials Canon Inc. Deutsche Boerse AG

Stocks

CNN1

JP3242800005

Office Equipment

Real-time Estimate Tradegate Other stock markets 03:46:14 2026-08-03 EDT			5-day change	1st Jan Change
24.48 ^EUR	-0.31%		-2.37%	-1.78%

07-29	Sony pitches to buy Japanese lens maker Tamron	RE
07-28	China's chip tool push shows ASML caught in US-China squeeze	RE

Projected Income Statement: Canon Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	3,513,357	4,031,414	4,180,972	4,509,821	4,624,727	4,764,359	4,923,252	5,020,850
Change	-	14.75%	3.71%	7.87%	2.55%	3.02%	3.34%	1.98%
EBITDA ¹	503,164	579,891	614,042	515,219	694,626	693,000	723,119	759,817
Change	-	15.25%	5.89%	-16.09%	34.82%	-0.23%	4.35%	5.07%
EBIT ¹	281,918	353,399	375,366	279,754	455,390	453,980	493,203	521,122
Change	-	25.36%	6.22%	-25.47%	62.78%	-0.31%	8.64%	5.66%
Interest Paid ¹	-647	-1,046	-2,267	-3,745	-7,305	-5,500	-5,500	-5,500
Earnings before Tax (EBT) ¹	302,706	352,440	390,767	301,161	482,059	476,416	507,811	535,600
Change	-	16.43%	10.87%	-22.93%	60.07%	-1.17%	6.59%	5.47%
Net income ¹	214,718	243,961	264,513	160,025	332,053	324,669	343,182	361,171
Change	-	13.62%	8.42%	-39.5%	107.5%	-2.22%	5.7%	5.24%
Announcement Date	1/27/22	1/30/23	1/30/24	1/30/25	1/29/26	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	842,651	881,933	833,324	955,449	879,350	998,799	996,090	1,157,175	971,125	1,020,882	1,025,247	1,163,718	988,519	1,167,786	1,079,806	1,273,710	1,058,396	1,140,171	1,104,324	1,321,836	1,093,653	1,182,227	1,148,355	1,344,256	1,126,923	1,231,200	1,199,300	1,390,500
Change	-	4.66%	-5.51%	14.66%	-7.96%	13.58%	-0.27%	16.17%	-16.08%	5.12%	0.43%	13.51%	-15.06%	18.13%	-7.53%	17.96%	-16.9%	7.73%	-3.14%	19.7%	-17.26%	8.1%	-2.87%	17.06%	-16.17%	9.25%	-2.59%	15.94%
EBITDA	121,449	133,358	113,126	135,231	130,490	155,227	136,563	157,611	136,947	150,998	145,540	-	-	-	-	-	-	-	-	-	-	161,348	157,073	232,004	136,760	-	-	-
Change	-	9.81%	-15.17%	19.54%	-3.51%	18.96%	-12.02%	15.41%	-13.11%	10.26%	-3.61%	-	-	-	-	-	-	-	-	-	-	-	-2.65%	47.7%	-41.05%	-	-	-
EBIT ¹	70,564	77,269	58,728	75,357	76,140	98,475	81,440	97,344	84,475	92,274	82,624	115,993	80,083	118,391	98,164	-16,884	96,517	117,791	88,047	153,035	71,370	105,318	101,168	151,858	92,941	122,500	110,800	156,100
Change	-	9.5%	-24%	28.32%	1.04%	29.33%	-17.3%	19.53%	-13.22%	9.23%	-10.46%	40.39%	-30.96%	47.84%	-17.08%	-117.2%	671.65%	22.04%	-25.25%	73.81%	-53.36%	47.57%	-3.94%	50.11%	-38.8%	31.8%	-9.55%	40.88%
Charge d'intérêts	-168	-180	-94	-205	-234	-296	-207	-309	-330	-485	-659	-	-629	-	-1,012	-	-1,359	-	-2,026	-	-2,560	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	66,048	85,773	79,326	71,559	67,697	85,196	79,076	120,471	87,534	101,128	87,320	114,785	89,222	132,225	89,322	-9,608	98,845	123,474	91,830	167,910	74,744	114,900	108,500	160,850	109,500	127,500	115,800	161,100
Change	-	29.86%	-7.52%	-9.79%	-5.4%	25.85%	-7.18%	52.35%	-27.34%	15.53%	-13.65%	31.45%	-22.27%	48.2%	-32.45%	-110.76%	1,128.78%	24.92%	-25.63%	82.85%	-55.49%	53.72%	-5.57%	48.25%	-31.92%	16.44%	-9.18%	39.12%
Net income ¹	44,454	61,149	49,317	59,798	45,975	59,025	54,118	84,843	56,410	65,403	62,134	80,566	59,949	89,857	68,763	-58,544	72,231	83,673	63,667	112,482	48,303	76,213	70,759	106,728	66,184	87,100	79,500	111,600
Change	-	37.56%	-19.35%	21.25%	-23.12%	28.38%	-8.31%	56.77%	-33.51%	15.94%	-5%	29.66%	-25.59%	49.89%	-23.48%	-185.14%	223.38%	15.84%	-23.91%	76.67%	-57.06%	57.78%	-7.16%	50.83%	-37.99%	31.6%	-8.73%	40.38%
Announcement Date	4/26/21	7/28/21	10/26/21	1/27/22	4/26/22	7/26/22	10/26/22	1/30/23	4/26/23	7/27/23	10/26/23	1/30/24	4/24/24	7/25/24	10/24/24	1/30/25	4/24/25	7/24/25	10/27/25	1/29/26	4/23/26	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2
Net sales ¹	1,788,773	1,878,149	2,153,265	1,992,007	2,188,965	2,156,305	2,353,516	2,198,567	2,426,160	2,274,542	2,495,658
Change	-	5%	14.65%	-7.49%	9.89%	-1.49%	9.15%	-6.58%	10.35%	-6.25%	9.72%
EBITDA	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	134,085	174,615	178,784	176,749	198,617	198,474	81,280	214,308	241,082	230,595	229,405
Change	-	30.23%	2.39%	-1.14%	12.37%	-0.07%	-59.05%	163.67%	12.49%	-4.35%	-0.52%
Charge d'intérêts	-	-530	-	-815	-	-1,475	-	-2,990	-	-5,606	-
Earnings before Tax (EBT) ¹	150,885	152,893	199,547	188,662	202,105	221,447	79,714	222,319	259,740	252,074	233,926
Change	-	1.33%	30.51%	-5.45%	7.13%	9.57%	-64%	178.9%	16.83%	-2.95%	-7.2%
Net income ¹	109,115	105,000	138,961	121,813	142,700	149,806	10,219	155,904	176,149	171,184	159,316
Change	-	-3.77%	32.34%	-12.34%	17.15%	4.98%	-93.18%	1,425.63%	12.99%	-2.82%	-6.93%
Announcement Date	1/27/22	7/26/22	1/30/23	7/27/23	1/30/24	7/25/24	1/30/25	7/24/25	1/29/26	7/27/26	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Canon Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-180,131	44,407	12,169	17,065	360,178	307,234	221,768	136,287
Change	-	124.65%	-72.6%	40.23%	2,010.62%	-14.7%	-27.82%	-38.55%
Announcement Date	1/27/22	1/30/23	1/30/24	1/30/25	1/29/26	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Canon Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	179,000	183,291	231,725	256,267	249,530	266,667	250,833	248,000
Change	-	2.4%	26.42%	10.59%	-2.63%	6.87%	-5.94%	-1.13%
Free Cash Flow (FCF) ¹	273,678	81,783	175,818	350,564	226,373	272,775	304,958	329,281
Change	-	-70.12%	114.98%	99.39%	-35.43%	20.5%	11.8%	7.98%
Announcement Date	1/27/22	1/30/23	1/30/24	1/30/25	1/29/26	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Canon Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	14.32%	14.38%	14.69%	11.42%	15.02%	14.55%	14.69%	15.13%
EBIT Margin (%)	8.02%	8.77%	8.98%	6.2%	9.85%	9.53%	10.02%	10.38%
EBT Margin (%)	8.62%	8.74%	9.35%	6.68%	10.42%	10%	10.31%	10.67%
Net margin (%)	6.11%	6.05%	6.33%	3.55%	7.18%	6.81%	6.97%	7.19%
FCF margin (%)	7.79%	2.03%	4.21%	7.77%	4.89%	5.73%	6.19%	6.56%
FCF / Net Income (%)	127.46%	33.52%	66.47%	219.07%	68.17%	84.02%	88.86%	91.17%
Profitability
ROA	6.46%	7.16%	7.43%	2.86%	8.1%	6.68%	6.6%	7.21%
ROE	7.9%	8.1%	8.2%	4.75%	9.7%	9.26%	9.67%	10.05%
Financial Health
Leverage (Debt/EBITDA)	-	0.08x	0.02x	0.03x	0.52x	0.44x	0.31x	0.18x
Debt / Free cash flow	-	0.54x	0.07x	0.05x	1.59x	1.13x	0.73x	0.41x
Capital Intensity
CAPEX / Current Assets (%)	5.09%	4.55%	5.54%	5.68%	5.4%	5.6%	5.09%	4.94%
CAPEX / EBITDA (%)	35.57%	31.61%	37.74%	49.74%	35.92%	38.48%	34.69%	32.64%
CAPEX / FCF (%)	65.41%	224.12%	131.8%	73.1%	110.23%	97.76%	82.25%	75.32%
Items per share
Cash flow per share ¹	416.9	456.5	502.6	627.4	632.2	614.6	712.3	770.3
Change	-	9.48%	10.11%	24.83%	0.77%	-2.79%	15.9%	8.14%
Dividend per Share ¹	100	120	140	155	160	162.3	171.6	179.1
Change	-	20%	16.67%	10.71%	3.23%	1.47%	5.71%	4.35%
Book Value Per Share ¹	2,748	3,066	3,395	3,495	3,975	4,033	4,337	4,594
Change	-	11.56%	10.73%	2.94%	13.74%	1.47%	7.52%	5.94%
EPS ¹	205.4	236.7	264.2	165.5	367.5	371.4	404.7	432.1
Change	-	15.27%	11.61%	-37.35%	122%	1.08%	8.94%	6.78%
Nbr of stocks (in thousands)	1,045,773	1,015,514	987,800	943,995	878,626	849,339	849,339	849,339
Announcement Date	1/27/22	1/30/23	1/30/24	1/30/25	1/29/26	-	-	-