April 25, 2022

Summary Report of Consolidated Financial Results
for the first quarter ended March 31, 2022
Registered company name:

Canon Marketing Japan Inc.

Stock listing:Code number:Tokyo Stock Exchange, Prime Market8060

URL:

https://cweb.canon.jp/eng/ir

Representative director:

Masachika Adachi, President

Contact:

Masahiko Banno, General Manager Accounting Div. Accounting Headquarters

Dividend payable date (as planned):
U.S. Accounting Standards Applied:No

1.Consolidated business results for the for the three months ended March 31, 2022(From January 1, 2022 to March 31, 2022)(1) Consolidated Results of Operations(Amounts less than one million yen are truncated)
Net sales

Three months ended
March 31, 2022

147,419%
5.0

March 31, 2021

140,359(0.8)[Note] Comprehensive Income:Millions of yen(Percentage represents increases or decreases from the previous year)
Net income attributable
Operating income
Ordinary income
to owners of parent
Millions of yen
Millions of yen%%% Millions of yen
14,79639.8

14,68034.6

10,035

25.6

10,581

36.2

10,906

40.0

7,989

94.6

Three months ended March 31, 2022 : 8,265 million yen [(1.5%)]
Three months ended March 31, 2021 : 8,392 million yen [138.1%]
Basic earnings
per share

Diluted net income
per share

Yen

Yen

March 31, 2022

77.39

77.38

March 31, 2021

61.62

61.61

Total assets

EquityThree months ended(2) Consolidated Financial Position

Millions of yen

Millions of yen%

Yen

529,098

377,08271.1

2,902.26

526,418

374,67671.0

2,883.74

First quarter ended March 31, 2022
Year ended December 31, 2021
[Reference] Shareholders' equity:(Amounts less than one million yen are truncated)
Equity ratio
Net asset per shareFirst quarter ended March 31, 2022 : 376,349 million yen
Year ended December 31, 2021 : 373,949 million yen

2.Dividends
Dividend per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Year ended December 31, 2021-

Year ending December 31, 2022-

Year ending December 31, 2022

30.00

AnnualYen---(forecast)Year-end
45.00

-

Yen
75.00

75.00

[Note] Revision of cash dividend forecast for this period : No
[Note]The interim dividend for the fiscal year ending December 31, 2022 remains undecided because financial results forecasts have yet to bemade for the first six months of the fiscal year ending December 31, 2022. The year-end dividend for the fiscal year ending December 31, 2022
will be an amount calculated by subtracting the interim dividend from the full-year dividend.
3.Consolidated financial forecast for the fiscal year ending December 31, 2022

Full year(Amounts less than one million yen are truncated)(Percentage represents increases or decreases from the previous year)
Basic earnings
Net income attributable
Net sales
Operating incomeOrdinary income
to owners of parent
per share
Yen
Millions of yen % Millions of yen% Millions of yen% Millions of yen %4.5
583,000 5.6
41,50043,000
4.6
29,500 0.3
227.49[Note] Revision of forecast for this period : Yes-1-

*Others(1) Material changes in subsidiaries during this period(Changes in scope of consolidations resulting from change is subsidiaries) :(2) Application of a specified accounting procedure :NoneYes(3) Changes in accounting policies and accounting estimates, retrospective restatement( i ) Changes in accounting policies based on revisions of accounting standard :Yes( ii ) Changes in accounting policies other than ( i ) :None( iii ) Changes in accounting estimates :None( iv ) Retrospective restatement :None(4) Number of issued and outstanding shares (common stock)( i ) Number of issued and outstanding shares at the end of the period (including treasury stock)
131,079,972
As of March 31, 2022 :As of December 31, 2021 :

131,079,972( ii ) Number of treasury stock at the end of the period
As of March 31, 2022 :1,405,092

As of December 31, 2021 :

1,404,790( iii ) Average number of shares
As of March 31, 2022 :

129,675,021

As of March 31, 2021 :

129,666,964* Audits by CPAs or audit corporations are not required for quarterly financial results.
Disclaimer :Earnings projections are based on information available at the time these materials were announced, and theCompany cannot guarantee that they will be realized. Also, actual results may differ from the estimated figures
given due to various factors.

-2-Consolidated Quarterly Balance Sheets(Amounts less than one million yen are truncated)
As of December 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Notes, accounts receivable-trade and contract assets
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Short-term loans receivable
Other current assets
Allowance for doubtful receivables
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, netTools, furniture and fixtures, net
Rental assets, net
Land
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
SoftwareUtilization rights
Other intangible assets
Total intangible assets
Investments and other assets
Investments in securities
Long-term loans receivable
Prepaid pension and severance costs
Deferred tax assets
Lease deposits
Other investments and other assets
Allowance for doubtful receivables
Total investments and other assets
Total non-current assets
Total assets-3-

As of March 31, 2022

67,528107,367－500
34,578145
511
180,004
5,469(24)
396,082

74,806－
101,810500
37,128132498
180,0146,246(11)401,125

45,916
77
2,760
5,639
28,3597
2,392
85,15446,510
75
2,701
5,173
28,3596
1,821
84,648

6,226
303
0
6,530

5,964
303
0
6,268

17,35335421
14,974
2,961
2,999
(95)
38,651
130,336
526,418

14,84525424
15,809
2,984
3,061
(94)
37,056
127,973
529,098

Consolidated Quarterly Balance Sheets(Amounts less than one million yen are truncated)
As of December 31, 2021
Liabilities
Current liabilities
Notes and accounts payable-trade
Lease obligations
Accrued expenses
Accrued income taxes
Consumption taxes payable
Accrued bonuses
Accrued directors’ bonuses
Accrued product warranties
Accrued loss on order received
Other current liabilities
Total current liabilities
Long-term liabilities
Lease obligations
Allowance for long-term continuous service rewards
Accrued pension and severance costs
Other long-term liabilities
Total long-term liabilities
Total liabilities
EquityShareholders' equity
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income (loss)
Net unrealized gains on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Defined retirement benefit plans
Total accumulated other comprehensive income (loss)
Non-controlling interests
Total equity
Total liabilities and equity-4-

As of March 31, 2022

46,32352
16,127
6,954
6,089
4,148
98
291
308
26,715
107,109

50,15548
12,6594,039
4,781
12,91418293
48
22,993
107,955

81
899
40,913
2,738
44,632
151,74169
97840,3592,653
44,061
152,016

73,30382,824
208,824(2,092)362,859

73,30382,824
213,025(2,093)367,059

7,873
22
125
3,067
11,089727
374,676
526,418

6,223
14
194
2,858
9,290
732
377,082
529,098

Consolidated Quarterly Statements of Income(Amounts less than one million yen are truncated)
Three months of FY2021(from January 1, 2021
to March 31, 2021)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Gain on investments in partnership
Other, net
Total non-operating income
Non-operating expenses
Interest expenseForeign exchange losses
Loss on investments in partnership
Other, net
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of fixed assets
Gain on sales of investments in securities
Gain on sales of shares of subsidiaries and associates
Total extraordinary income
Extraordinary losses
Loss on sales and disposal of fixed assets
Total extraordinary losses
Net income before income taxes
Income taxes
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of parent-5-Three months of FY2022(from January 1, 2022
to March 31, 2022)

140,359
93,07947,27936,698
10,581

147,419
96,91850,50135,704
14,796

68
22
152
169
413

69
24－
72
167

2
27－
58
88
10,906

2
81
148
50
284
14,680

42895
902

0
13－
13

19
19
11,789
3,777
8,012
22
7,989

13
13
14,680
4,626
10,05419
10,035

Consolidated Quarterly Statements of Comprehensive Income(Amounts less than one million yen are truncated)
Three months of FY2021(from January 1, 2021
to March 31, 2021)
Net income
Other comprehensive income (loss)
Net unrealized gains or losses on available-for-sale securities
Deferred gains / (losses) on hedges
Foreign currency translation adjustments
Defined retirement benefit plans, net of tax
Total other comprehensive income (loss)
Comprehensive income
Comprehensive income attributable toOwners of parent
Non-controlling interests-6-

Three months of FY2022(from January 1, 2022
to March 31, 2022)

8,012

10,054

238
44
73
23
380
8,392

(1,651)(7)79(209)(1,789)
8,265

8,360
32

8,236
28

Consolidated Quarterly Statements of Cash Flows(Amounts less than one million yen are truncated)Three months of FY2021(from January 1, 2021
to March 31, 2021)

Three months of FY2022(from January 1, 2022
to March 31, 2022)

Cash flows from operating activities
Net income before income taxes
Depreciation and amortization
Increase (decrease) in allowance for doubtful receivables
Increase (decrease) in accrued pension and severance costs
Decrease (increase) in prepaid pension and severance costs
Increase (decrease) in accrued bonuses
Interest and dividend income
Interest expense
Loss (gain) on sales and disposal of property, plant and equipment, net
Loss (gain) on sales of investments in securities
Loss (gain) on sales of shares of subsidiaries and associates
Loss (gain) on investments in partnership
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by operating activities

11,789
2,625
(44)
(90)
(11)
8,507
(91)
2
15
(2)
(895)
(152)
7,710
(2,676)2,968(6,022)
23,63189(2)(6,770)16,947

14,680
2,516
(12)
(855)
(8)
8,765
(94)
2
11
(13)
－
148
5,611
(2,507)
3,782(9,869)22,15893(2)(6,964)
15,285

Cash flows from investing activities
Payments for purchases of property, plant and equipment
Proceeds from sales of property, plant and equipment
Payments for purchases of intangible assets
Payments for purchases of investments in securities
Proceeds from sales of investments in securities(5,967)6(646)(1)
312(1,801)15(197)
(88)
68

1,062

－

0(354)(5,589)－(340)(2,343)(15)(0)(5,115)(21)(5,153)
107
6,311
60,131
66,443(15)(0)(5,757)(23)(5,796)132
7,277
68,02875,306

Proceeds from sales of shares of a subsidiary resulting in change
in scope of consolidation
Decrease (increase) in short-term loans receivable, net.
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of finance lease obligations
Payments for purchases of treasury stock
Dividends paid
Dividends paid to non-controlling interests
Net cash 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-7-Consolidated Quaterly Segment Information
I. Three months of FY2021 (from January 1, 2021 to March 31, 2021)
Information on net sales and income (loss) by reportable segment(Amounts less than one million yen are truncated)

Reportable segment
Consumers

Enterprise

30,62644,577

Area

Professional

OtherTotalAdjustment Consolidated

140,359-Net sales
Sales - external customers
Sales - intersegment
Total
Operating income (loss)

56,655

7,824

675

140,359

12

2,674

2,733

359

1,867

7,648(7,648)

30,63947,252

59,389

8,184

2,543

148,007(7,648)140,359

3,014

3,554

3,950

678(635)

10,562

19

10,581-[Note]
1. Other includes call center business and BPO service business, which are not included in reportable segments.
2. Adjustment of Operating income (loss) is the elimination of intersegment transactions.
3. Total amount of Operating income (loss) for Reportable segments, Other and Adjustment is equal to the Operating income of Consolidated
Quarterly Statements of Income.

II. Three months of FY2022 (from January 1, 2022 to March 31, 2022)

Information on net sales and income (loss) by reportable segment(Amounts less than one million yen are truncated)

Reportable segment
Consumers

Enterprise

31,23748,483

Area

Professional

Other

Total

Adjustment Consolidated

147,419-Net sales
Sales - external customers
Sales - intersegment
Total
Operating income (loss)

54,417

12,453

829

147,419

10

2,687

2,745

348

1,983

7,775

(7,775)31,24751,17057,162

12,801

2,812

155,195(7,775)

147,419

3,128

5,368

4,524

2,190(446)

14,76531

14,796-[Note]
1. Other includes call center business and BPO service business, which are not included in reportable segments.
2. Adjustment of Operating income (loss) is the elimination of intersegment transactions.
3. Total amount of Operating income (loss) for Reportable segments, Other and Adjustment is equal to the Operating income of Consolidated
Quarterly Statements of Income.

-8-