Canon Marketing Japan Inc. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended December 31, 2017; Announces Dividend for the Year Ended December 31, 2017; Provides Earnings and Dividend Guidance for the Year Ending December 31, 2018
January 28, 2018
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Canon Marketing Japan Inc. reported consolidated and non-consolidated earnings results for the year ended December 31, 2017. For the year, on consolidated basis, reported net sales of JPY 632,189 million, operating income of JPY 30,406 million, ordinary income of JPY 31,491 million and profit attributable to owners of parent of JPY 20,679 million or JPY 159.48 per share as compared to net sales of JPY 629,313 million, operating income of JPY 27,676 million, ordinary income of JPY 28,717 million and profit attributable to owners of parent of JPY 18,161 million or JPY 140.06 per share for the same period a year ago. Rate of return on equity was 7.2% compared to 6.5% a year ago. Income before income taxes was JPY 30,918 million compared to JPY 28,903 million a year ago. Net cash provided by operating activities was JPY 28,885 million compared to JPY 33,306 million a year ago. Purchase of property, plant and equipment was JPY 12,070 million compared to JPY 10,990 million a year ago. Purchase of intangible assets was JPY 1,230 million compared to JPY 1,441 million a year ago.
For the year, on non-consolidated basis, reported net sales of JPY 489,105 million, operating income of JPY 19,768 million, ordinary income of JPY 24,881 million and net income of JPY 18,141 million or JPY 139.91 per share as compared to net sales of JPY 479,457 million, operating income of JPY 16,183 million, ordinary income of JPY 20,375 million and net income of JPY 13,593 million or JPY 104.83 per share for the same period a year ago. Rate of return on equity was 7.2% compared to 6.5% a year ago.
For the year ending December 31, 2018, the company expects net sales of JPY 645,000 million, operating income of JPY 32,000 million, ordinary income of JPY 33,000 million and profit attributable to owners of parent of JPY 21,700 million or JPY 167.35 per share.
For the year ended December 31, 2017, the company announced year end dividend of JPY 35.00 per share compared to JPY 30.00 a year ago. The dividend is payable on March 29, 2018.
For the year ending December 31, 2018, the company expects to pay annual dividend of JPY 60.00 per share compared to JPY 50.00 per share a year ago.
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 and Non-Consolidated Earnings Results for the Year Ended December 31, 2017; Announces Dividend for the Year Ended December 31, 2017; Provides Earnings and Dividend Guidance for the Year Ending December 31, 2018
CANON MARKETING JAPAN INC. 
