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Canon Marketing Japan Q4 profit climbs 18.0% YOY

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Canon Marketing Japan Q4 profit climbs 18.0% YOY

Canon Marketing Japan Inc. said its normalized net income for the fourth quarter amounted to ¥53.44 per share, an increase of 18.0% from ¥45.30 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.93 billion, a gain of 18.0% from ¥5.87 billion in the prior-year period.

The normalized profit margin increased to 3.9% from 3.3% in the year-earlier period.

Total revenue fell on an annual basis to ¥176.47 billion from ¥180.33 billion, and total operating expenses decreased year over year to ¥165.52 billion from ¥171.21 billion.

Reported net income increased year over year to ¥6.42 billion, or ¥49.49 per share, from ¥6.33 billion, or ¥48.80 per share.

For the year, the company's normalized net income totaled ¥134.70 per share, an increase of 5.5% from ¥127.72 per share in the prior year.

Normalized net income was ¥17.47 billion, an increase of 5.5% from ¥16.56 billion in the prior year.

Full-year total revenue declined from the prior-year period to ¥646.00 billion from ¥659.43 billion, and total operating expenses declined year over year to ¥619.35 billion from ¥634.34 billion.

The company said reported net income fell on an annual basis to ¥15.67 billion, or ¥120.84 per share, in the full year, from ¥16.03 billion, or ¥123.61 per share.

As of March 29, US$1 was equivalent to ¥113.44.