Canon Marketing Japan Inc.
April 23, 2009

Summary Report of Consolidated Financial Results
For the First quarter ended March 31, 2009
Registered Company Name:

Canon Marketing Japan Inc.

Stock Listing:Code No.:
URL:
Representative Director:
Contact:

8060
Headquarters:
http://cweb.canon.jp/co-profile/ir-e
Masami Kawasaki, President
Yo Shibasaki,
Telephone:Tokyo Stock Exchange,
First Section
Tokyo+81-3-6719-9071

Managing Director,
Senior general manager of Accounting
Headquarters

U.S. Accounting Standards Applied:No

1. Business Performance (From January 1, 2009 to March 31, 2009)(1) Results of Operations

Net Sales
Years ended Dec. 31
First quarter 2009First quarter 2008

Change (%)¥169,832¥ 212,003(0.7) %Net Income

Change (%)

Years ended Dec. 31

First quarter 2009First quarter 2008

¥ (4,541)¥ 3,630(29.5)%(Millions of yen truncated to the nearest million, %)Operating
Change (%)
Ordinary
Change (%)
IncomeIncome¥ (354)¥ (117)¥ 7,680(18.6)%¥ 7,824(16.2)%
Net Incomeper Share(Yen)¥(33.07)¥ 25.03

Diluted Net
Income perShare-(2) Financial Position(Millions of yen truncated to the nearest million, %)Stockholders’
Stockholders’ Equity
Years ended Dec. 31
Equity Ratioper Share (Yen)First quarter 2009
¥ 449,444¥251,848
55.2%¥ 1,806.08
Full term 2008
¥ 484,936¥259,043
52.6%¥ 1,858.39【Reference】Stockholder’s Equity: First quarter 2009 ¥248,034 / Full term 2008 ¥255,220
Total Assets

Total Net Assets

2. Dividends(Yen)The end of
The end of
the Second
the third
quarterquarter
Full term 2008
¥20.00
Full term 2009
Full term 2009（Target）【Note】Dividends for Full term 2009 have not be decided yet.
Dividend per shareThe end ofthe Firstquarter1The end ofa term
¥20.00-Annual¥40.00-

Canon Marketing Japan Inc.

3. Earnings Outlook (For the Fiscal year ending December 31, 2009)(Millions of yen truncated to the nearest million, %)Ordinary
Net Income
Net Income
Net Sales
Operating
Incomeper share
Income(yen)First six months 2009
Full term 2009
¥725,000¥5,500¥7,000¥(6,300)¥(45.87)
Percentage Change(12.4)%(78.4)%(73.0)%【Note】Earnings Outlook for the first six months 2009 has not be announced.

4. Notes(1) Significant changes in subsidiaries during the period : No
(2) Use of simplified accounting procedures : Yes(3) Changes in accounting principles and procedures and presentation methods, etc. related to the preparation of consolidated
financial statements(i) Changes associated with the revision of accounting standards, etc. : Yes(ii) Changes other than (i): No(4) Number of shares issued (common shares)(i) Number of shares issued at the end of the period (including treasury stocks)
the first quarter 2009
151,079,972 shares
Full term 2008
151,079,972 shares(ii) Number of treasury stocks at the end of the period
the first quarter 2009
13,746,782 shares
Full term 2008
13,745,742 shares(iii) Number of shares during the period (first three months)
the first quarter 2009
137,333,505 sharesthe first quarter 2008
145,024,172 shares

Disclaimer:
Projections made in this report are based on information available at the time of publication.
Owing to various factors, actual results may differ from these projections.

2Canon Marketing Japan Inc.

Consolidated Balance Sheets
As of March 31, 2009 and 2008
(Millions of yen truncated to the nearest million)

ASSETS

March 31,2009December 31,2008

ChangeCurrent assets:
Cash and deposits
Notes and accounts receivable-trade
Short-term investment securities
Merchandise and finished goods
Work in process
Row materials and supplies
Deferred tax assets
Short-term loans receivable
Other
Allowance for doubtful accounts\15,295
119,329
95,497
27,607
4,682
560
5,381
20,0005,672(542)\24,501
149,548
88,09629,920
3,411
811
5,388
20,0006,473(460)\(9,206)(30,219)7,401(2,313)
1,271
(251)
(7)
0(801)(82)

Total current assets

293,485

327,692(34,207)

Buildings and structures, net
Machinery, equipment and and vehicles, net
Tools, furniture and fixtures, net
Rental assets, net
Land
Lease assets, net

43,583
28
4,374
7,351
41,739132

44,105
30
4,455
7,659
41,739-(522)
(2)
(81)
(308)
132

Total property, plant and equipment

97,20997,989(780)

Goodwill
SoftwareLease assets
Right of using facilities
Other

2,722
18,092
22
290
114

2,925
15,598
389
116

(203)
2,494
22(99)(2)

Total intangible assets

21,24319,0282,215

Investment securities
Long-term loans receivable
Deferred tax assets
Guarantee deposits
Other
Allowance for doubtful accounts

5,785
26
18,8238,836
5,720(1,687)6,420
25
20,326
8,791
5,829(1,168)(635)
1(1,503)45(109)(519)

Total investments and other assets

37,50540,225(2,720)155,958\449,444

157,243\484,936(1,285)\(35,492)

Noncurrent assets:
Property, plant and equipment

Intangible assets:

Investments and other assets:

Total noncurrent assets

Total assets

Consolidated Balance SheetsCanon Marketing Japan Inc.
(Millions of yen truncated to the nearest million)

March 31,2009

December 31,
2008

Notes and accounts payable-trade
Lease obligations
Accrued expenses
Income taxes payable
Accrued consumption taxes
Deferred tax liabilities
Provision for bonuses
Provision for directors' bonuses
Provision for product warranties
Provision for loss on order received
Other

101,93245
22,720566
1,847
10
11,88027
904
109
15,521

123,896
28,137
6,085
2,280
7
3,084
114
1,106
290
18,736(21,964)45(5,417)(5,519)
(433)
3
8,796
(87)
(202)
(181)
(3,215)

Total current liabilities

155,566

183,739(28,173)

Lease obligations
Deferred tax liabilities
Provision for retirement benefits
Provision for directors' retirement benefits
Accrued long service rewards for employees
Other120
319
36,813
696
1,025
3,054

279
37,122
804
937
3,010

120
40
(309)
(108)
88
44

Total noncurrent liabilities

42,029197,595

42,153225,893(124)(28,298)

Capital stock
Capital surplus
Retained earnings
Treasury stock

73,303
83,289116,328(24,732)

73,303
83,289123,616(24,730)(0)(7,288)(2)

Total shareholder's equity

248,188

255,477(7,289)

(135)
(17)

(212)
(45)

77
28

(153)
3,813
251,848
449,444

(257)
3,822
259,043484,936104(9)(7,195)(35,492)

LIABILITIES

ChangeCurrent liabilities:

Noncurrent liabilities:

Total liabilities
Shareholders’ equity:

Valuation and translation adjustments
Valuation difference on available-for- sale securities
Foreign currency translation adjustments
Total valuation and translation adjustments

Minority interests
Total net assets

Total liabilities and net assets

Consolidated Balance SheetsCanon Marketing Japan Inc.

Consolidated Statements of Income
For the First quarter ended March 31, 2009 and 2008
From January 1, 2009 to March 31, 2009
(Millions of yen truncated to the nearest million)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating loss (income)Non-operating income
Interest income
Dividends income
Other
Total non-operating income
Non-operating expenses:
Interest expenses
Other
Total non-operating expenses
Ordinary loss (income)Extraordinary income:Gain on sales of noncurrent assets
Gain on sales of golf memberships
Other
Total extraordinary income
Extraordinary loss:
Loss on sales and retirement of noncurrent assets
Impairment loss
Loss on adjustment for changes of accounting standard formeasurement of inventories
Loss on valuation of investment securities
Other
Total extraordinary losses
Loss (income) before income taxes and minority interests
Income taxes
Minority interests in income
Net loss (income)

The First quarter The First quarterof 2009of 2008
\169,832\212,003
114,010
144,288
55,822
67,71456,17760,034(354)
7,680

Change\(42,171)(30,278)(11,892)(3,857)(8,034)

168
17168
354

254296550(86)
17(128)(196)

9107
116(117)

16388
405
7,823

(7)
(281)
(289)
(7,940)

0
55020
20

05(20)
(15)

37
131

92-

(55)
131

1,299
796
81
2,347
(2,458)2,036
46\(4,541)

77
385
555
7,289
3,650
9\3,629

1,299
719
(304)
1,792
(9,747)(1,614)37\(8,170)【Note】Interest income for the first quarter of 2008 includes Dividends income

Consolidated Statements of Income

Canon Marketing Japan Inc.

Consolidated Statements of Cash Flows
For the First quarter ended March 31, 2009 and 2008
(Millions of yen truncated to the nearest million)

The First
The First
quarter of 2009 quarter of 2008
Net cash provided by (used in) operating activities
Loss (income) before income taxes and minority interests
Depreciation and amortization
Impairment loss
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Decrease in provision for retirement benefits
Decrease in provision for directors' retirement benefits
Increase in provision for bonuses
Interest and dividends income
Interest expenses
Loss on sales and retirement of property, plant and equipment
Decrease in notes and accounts receivable-trade
Decrease (increase) in inventories
Increase in notes and accounts payable-trade
Other, net
SubtotalInterest and dividends income received
Interest expences paid
Income taxes paid
Net cash provided by (used in) operating activities
Net cash provided by (used in) investment activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Decrease in short-term loans receivable
Decrease(increase) in time deposits
Other, net
Net cash provided by (used in) investment activities
Net cash provided by (used in) financing activities
Repayments of finance lease obligations
Purchase of treasury stock
Cash dividends paid
Cash dividends paid to minority shareholders
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

Change\(2,458)
2,890
131
202
628(299)(108)
8,796(186)936
30,185
1,503(21,964)(7,697)
11,669202(9)(6,058)
5,803\7,290
3,080
221
(49)
(789)
(97)
9,693
(254)
16
91
19,159(9,986)(3,918)(8,353)
16,106289(35)(8,718)
7,642\(9,748)
(190)
131
(19)
677
490
(11)
(897)
68
(7)
(55)
11,026
11,489(18,046)656(4,437)
(87)
26
2,660
(1,839)(1,514)(3,251)
(0)
7
0
5,000
(37)
204

(1,711)(1,833)
(34)
4,008
(100)
(454)
(125)

197
(1,418)34(4,001)
0
5,100
417
329

(4)
(1)
(2,747)(63)
0(2,817)
3
3,194
107,588\110,783(5,003)(3,221)(62)(106)(8,394)(34)(913)
117,206\116,293

(4)
5,002
474
(1)
106
5,577
37
4,107
(9,618)\(5,510)

Consolidated Statements of Cash FlowsCanon Marketing Japan Inc.

Consolidated Segment Information
For the First quarter ended March 31, 2009 and 2008
the First quarter ended March 31, 2009
(From January 1 to March 31)(Millions of yen truncated to the nearest million)
Business Consumer Industrial
TOTAL Corporate ConsolidatedSolutions Equipment Equipment
andNet sales:
Unaffiliated customers
Intersegment
TotalOperating income\111,358
111,358(\185)

the First quarter ended March 31, 2008
(From January 1 to March 31)(Millions of yen truncated to the nearest million)
Business Consumer Industrial
TOTAL Corporate Consolidated
Solutions Equipment Equipmentand\50,127
50,127\340\8,346 \169,832
8,346 169,832(\510)(\354)

\(-)
(-)
(-)

\169,832
169,832(\354)Net sales:
Unaffiliated customers
Intersegment
Total
Operating income\131,288
131,288\5,503\60,498
60,498\1,081\20,216 \212,003
20,216 212,003\1,095\7,680

\(-)
(-)
(-)

\212,003
212,003\7,680Notes:
1.Organization of Segments
The Canon Marketing Japan Group has organized segments according to product and market characteristics.
2.Main Products in Each Segment
Segment
Main Products / Service
Business Solutions
Business-use multifunctional products, print-on-demand (POD) digitalpresses, laser-beam printers, large format ink-jet printers, office-use
facsimiles, liquid crystal projectors, document scanners, color card
printers, color label printers, microfilm equipment, computer products,
network equipment, software, service and support, system Integration,embeded software,infrastructure&operation, solution&software products,
computer devices, network devices
Consumer Equipment

Digital cameras, film cameras, interchangeable lenses, digital videocameras, ink-jet printers, compact photo printers, personal-use plainpaper copiers, personal-use facsimiles, personal-use scanners,
electronic dictionaries, calculators, personal computers

Industrial Equipment

Lithography equipment for semiconductor manufactures and othersemiconductor manufacturing equipment, Lithography equipment for
LCD manufactures, medical equipment (digital X-ray cameras,
ophthalmic equipment), bradcasting equipment

Consolidated Segment Information