• G&G May 25 Masthead Web Ad

Canon releases FY2023 results

Jan 30, 2024 | 0 comments

The overall financial results for 2023 highlighted a 3.7% increase in net sales, reaching ¥4,181.0 billion ($28.4 billion/ €26.2 billion).

The operating profit also saw a rise of 6.2%, amounting to ¥375.4 billion ($2.5 billion/ €2.3 billion). Canon explained that this positive growth was driven by strong performances in key business segments, including the printing business. The company successfully navigated market challenges and leveraged opportunities for growth, contributing to its robust financial performance in the year.

The printing business segment’s net sales reached ¥2,346.1 billion ($15.9 billion/ €14.7 billion), reflecting a 3.2% growth from the previous year. This growth can be primarily attributed to the strong sales in specific printer categories, demonstrating the company’s successful market strategies and product innovation, Canon said.

The operating profit for this segment was reported at ¥228.3 billion ($1.5 billion/ €1.4 billion), indicating a healthy 7.5% increase compared to 2022. Canon said it capitalised on market opportunities, adapting to consumer demands and competitive dynamics, which played a crucial role in achieving these financial outcomes.

The projections for 2024 indicate a continued positive trajectory. The company expects a 4.0% increase in net sales, reaching ¥4,350.0 billion ($29.5 billion/ €27.3 billion). Operating profit is projected to grow by 15.9%. The goal is to achieve a fourth consecutive year of sales and profit growth, maintaining a strong financial position in the face of global economic uncertainties.

Categories: City News

Search The Recycler

Related Posts

  • IR Italiana May 25 web Ad
  • Keypoint Remanufactured Supplies
  • Biuromax June 2025 web ad
  • Cartridge Web Web Ad June 2025
  • Mito Web Ad June 2025
  • CET May 25 Web Ad
  • GM Technology Web Ad June 2025
  • Integral web ad June 2025 v2
  • Integral web ad June 2025 v2
  • CET May 25 Web Ad
  • Mito Web Ad June 2025
  • GM Technology Web Ad June 2025
  • Integral web ad June 2025 v2
  • CET May 25 Web Ad
  • Mito Web Ad June 2025
  • GM Technology Web Ad June 2025