January 26, 2022

Summary Report of Consolidated Financial Results
for the fiscal year ended December 31, 2021
Registered company name:

Canon Marketing Japan Inc.

Stock listing:Code number:Tokyo Stock Exchange, First Section
8060

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:

March 30, 2022
No

1.Consolidated business results for the year ended December 31, 2021 (From January 1, 2021 to December 31, 2021)(1) Consolidated Results of Operations(Amounts less than one million yen are truncated)
Net salesYear ended
December 31, 2021
December 31, 2020
[Note] Comprehensive Income:

552,085%
1.3

545,060(12.2)

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%
39,69926.8
41,09616.6
29,42033.7
31,317(3.5)

35,236

3.8

21,997(1.1)

Year ended December 31, 2021 : 37,640 million yen [36.7%]
Year ended December 31, 2020 : 27,530 million yen [(11.1)%]
Basic earnings
per share

Diluted net income
per share

Rate of returnon equity

Ordinary income tototal assets ratio

Operating income to
net sales ratio

Yen

Yen

%

%

%

December 31, 2021

226.88226.83

8.2

8.0

7.2

December 31, 2020

169.65169.62

6.6

7.0

5.7

Total assets

EquityYear ended(2) Consolidated Financial Position

Year ended

Millions of yen

Millions of yen%

Yen

526,418

374,67671.0

2,883.74

506,604

346,11468.2

2,664.20

December 31, 2021
December 31, 2020
[Reference] Shareholders' equity:(Amounts less than one million yen are truncated)
Equity ratio
Net asset per share

Year ended December 31, 2021 : 373,949 million yen
Year ended December 31, 2020 : 345,458 million yen(3) Cash Flows(Amounts less than one million yen are truncated)
Net cash provided byoperating activities

Net cash provided byinvesting activities

Net cash provided byfinancing activities

Cash and cash equivalents
at end of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

December 31, 2021

32,756(15,894)(9,160)68,028December 31, 2020

38,490(26,174)(6,587)60,131

Year ended

2.Dividends
Dividend per shareFirst
quarter-end

Secondquarter
-end

Yen

Third
quarter-endYear ended December 31, 2020

-

Yen
20.00

Year ended December 31, 2021

-

30.00

Year ending December 31, 2022
(forecast)-Year-end(Consolidated)

Yen

-

-

Yen
40.00

Yen
60.00

Yen
7,780

%
35.4

%
2.3

-

45.00

75.00

9,725

33.1

2.7

-

3.Consolidated financial forecast for the fiscal year ending December 31, 2022

Full year

AnnualRatio of
Total
Payout ratio dividends todividends (Consolidated)
net assets(annual)

-

75.00

33.0

(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 income Ordinary income
to owners of parent
per share
Yen
Millions of yen % Millions of yen% Millions of yen % Millions of yen %2.0
580,000 5.1
40,50042,400 3.2
29,500 0.3
227.49-1-

*Others(1) Material changes in subsidiaries during this period(Changes in scope of consolidations resulting from change is subsidiaries) :None(2) Changes in accounting policies and accounting estimates, retrospective restatement( i ) Changes in accounting policies based on revisions of accounting standard :None( ii ) Changes in accounting policies other than ( i ) :None( iii ) Changes in accounting estimates :None( iv ) Retrospective restatement :None(3) 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 December 31, 2021 :As of December 31, 2020 :

131,079,972( ii ) Number of treasury stock at the end of the period
1,404,790
As of December 31, 2021 :As of December 31, 2020 :

1,412,822( iii ) Average number of shares
As of December 31, 2021 :

129,673,399

As of December 31, 2020 :

129,667,222-2-

(Reference) Summary of Non-Consolidated Financial Results
1.Non-Consolidated business results for the year ended December 31, 2021 (From January 1, 2021 to December 31, 2021)(1) Non-Consolidated Results of Operations(Amounts less than one million yen are truncated)(Percentage represents increases or decreases from the previous year)
Operating income
Ordinary income
Net income

Net salesYear ended

Millions of yen%

Millions of yen%

Millions of yen

December 31, 2021

415,654

0.7

23,66430.9

32,38525.9

26,06847.8

December 31, 2020

412,800(12.8)

18,082

15.4

25,72335.5

17,641

32.8

Basic earnings
per share
Yen

Year ended% Millions of yen%

Diluted net income
per share
Yen

December 31, 2021

201.03200.99December 31, 2020

136.05136.03(2) Non-Consolidated Financial Position

Year ended

Total assets

Net assets(Amounts less than one million yen are truncated)
Equity ratio
Net asset per share

Millions of yen

Millions of yen%

Yen

December 31, 2021

503,481

329,000

65.3

2,537.11

December 31, 2020

488,713308,62563.2

2,380.14[Reference] Shareholders' equity:Year ended December 31, 2021 : 329,000 / Year ended December 31, 2020 : 308,625* Audits by CPAs or audit corporations are not required for financial results.

Disclaimer :This report is not subject to audit procedures based on the Financial instruments and Exchange
Law in Japan.
Earnings projections are based on information available at the time these materials wereannounced, and the Company cannot guarantee that they will be realized. Also, actual results may
differ from the estimated figures given due to various factors.

-3-

Consolidated Balance Sheets(Amounts less than one million yen are truncated)
As of December 31, 2020
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
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, net
Tools, furniture and fixtures, net
Rental assets, net
Land
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
SoftwareLease assets
Utilization 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-4-

As of December 31, 2021

59,631
105,328500
27,091
103
631
180,006
7,122(66)
380,349

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

43,402
87
3,004
7,281
28,35916
1,577
83,72945,916
77
2,760
5,639
28,3597
2,392
85,154

5,373
1
294
0
5,669

6,226
303
0
6,530

11,30235
415
19,219
3,427
2,659
(205)
36,855
126,255
506,604

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

Consolidated Balance Sheets(Amounts less than one million yen are truncated)

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
Deferred tax liabilities
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-5-

As of December 31, 2020

As of December 31, 2021

44,10754
16,166
7,004
5,547
5,664
75
453
8
29,356
108,440

46,32352
16,127
6,954
6,089
4,148
98
291
308
26,715
107,10974
1
951
47,883
3,139
52,049160,49081
899
40,913
2,738
44,632
151,741

73,30382,814
188,481(2,103)
342,495

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

4,230
(29)
5
(1,243)2,962
655
346,114506,604

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

Consolidated Statements of Income(Amounts less than one million yen are truncated)
FY2020(from January 1, 2020
to December 31, 2020)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Insurance income
Gain on investments in partnership
Subsidies for employment adjustment under COVID-19
Other, net
Total non-operating income
Non-operating expenses
Interest expense
Foreign exchange losses
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
Gain on casualty insurance
Other, net
Total extraordinary income
Extraordinary losses
Loss on sales and disposal of fixed assets
Loss on disaster
Loss on sales of shares of subsidiaries and associates
Loss on valuation of investments in securities
Loss on COVID-19
Other, net
Total extraordinary losses
Net income before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of parent-6-

FY2021(from January 1, 2021
to December 31, 2021)

545,060
361,077
183,982
152,665
31,317552,085
361,809
190,276
150,576
39,699

243
155
452
231
2,744
279
4,106

274
283
506
278
220
1,562

12
5
169
187
35,236

12
6
146
165
41,096

283
278
20
581

6
1,255
895
202
16
2,376

1,021
737
316
274
4
2,355
33,463
12,525(1,133)
11,392
22,071
73
21,997

124
168
40
18
26
377
43,094
12,971627
13,59829,49575
29,420Consolidated Statements of Income(Amounts less than one million yen are truncated)
FY2020(from January 1, 2020
to December 31, 2020)
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 to
Owners of parent
Non-controlling interests-7-

FY2021(from January 1, 2021
to December 31, 2021)

22,071

29,495

302
(40)
(56)
5,253
5,459
27,530

3,643
51
137
4,311
8,144
37,64027,46466

37,54793

Consolidated Statements of Shareholders' EquityI.

FY2020 (from January 1, 2020 to December 31, 2020)(Amounts less than one million yen are truncated)
Shareholders' equity
Commonstock

Balance at beginning of current period

CapitalsurplusRetainedearnings

Total
shareholders'equityTreasurystock

73,30382,820202,783(31,926)

326,979

Dividends of surplus--(6,483)-(6,483)

Net income attributable to owners of parent--

21,997-21,997Purchase of treasury stock

-

-

-

(2)

(2)

Disposal of treasury stock

-

1

-

3

4

Cancellation of treasury stock-(29,822)-

29,822－

Transfer from retained earnings to capital surplus-

29,815(29,815)--

Net income attributable to non-controlling interests

-

-

-

-

-

Dividends paid to non-controlling interests

-

-

-

-

-

Net changes of items other than shareholders' equity

-

-

-

-

-

-

(5)

(14,301)

29,822

15,51573,30382,814

188,481(2,103)

342,495

Changes of items during period

Total changes of items during period
Balance at end of current period

Accumulated other comprehensive income (loss)
Net
unrealized
gains onavailable-forsale securities

Balance at beginning of current period

Total
ForeignDefinedaccumulated
currency
retirement benefit
othertranslationplanscomprehensive
adjustments
income(loss)

Deferred
gains orlosses onhedges

Noncontrollinginterests

Total equity

3,929

11

51

(6,497)(2,504)616

325,092

Dividends of surplus

-

-

-

-

-

-

(6,483)

Net income attributable to owners of parent

-

-

-

-

-

-

21,997Purchase of treasury stock

-

-

-

-

-

-

(2)

Disposal of treasury stock

-

-

-

-

-

-

4

Cancellation of treasury stock

-

-

-

-

-

-

-

Transfer from retained earnings to capital surplus

-

-

-

-

-

-

-

Net income attributable to non-controlling interests

-

-

-

-

-

73

73

Dividends paid to non-controlling interests

-

-

-

-

-

(26)

(26)

301

(40)

(46)

5,253

5,467

(7)

5,459

301

(40)

(46)

5,253

5,467

39

21,022

4,230

(29)

5

(1,243)

2,962

655

346,114

Changes of items during period

Net changes of items other than shareholders' equity
Total changes of items during period
Balance at end of current period-8-Consolidated Statements of Shareholders' Equity
II.

FY2021 (from January 1, 2021 to December 31, 2021)(Amounts less than one million yen are truncated)
Shareholders' equity
Commonstock

Balance at beginning of current period

CapitalsurplusRetainedearnings

Total
shareholders'equityTreasurystock

73,30382,814

188,481(2,103)

342,495

Dividends of surplus--(9,076)-(9,076)

Net income attributable to owners of parent--

29,420-29,420Purchase of treasury stock

-

-

-

(2)

(2)

Disposal of treasury stock

-

9

-

13

23

Net income attributable to non-controlling interests

-

-

-

-

-

Dividends paid to non-controlling interests

-

-

-

-

-

Net changes of items other than shareholders' equity

-

-

-

-

-

-

9

20,343

10

20,36373,30382,824

208,824(2,092)362,859

Changes of items during period

Total changes of items during period
Balance at end of current period

Accumulated other comprehensive income (loss)
Net
unrealized
gains onavailable-forsale securities

Balance at beginning of current period

Total
ForeignDefinedaccumulated
currency
retirement benefit
othertranslationplanscomprehensive
adjustments
income(loss)

Deferred
gains orlosses onhedges

Noncontrollinginterests

Total equity

4,230

(29)

5

(1,243)

2,962

655

346,114

Dividends of surplus

-

-

-

-

-

-

(9,076)

Net income attributable to owners of parent

-

-

-

-

-

-

29,420Purchase of treasury stock

-

-

-

-

-

-

(2)

Disposal of treasury stock

-

-

-

-

-

-

23

Net income attributable to non-controlling interests

-

-

-

-

-

75

75

Dividends paid to non-controlling interests

-

-

-

-

-

(21)

(21)

3,642

51

120

4,311

8,126

17

8,144

Total changes of items during period

3,642

51

120

4,311

8,126

71

28,562

Balance at end of current period

7,873

22

125

3,067

11,089727

374,676

Changes of items during period

Net changes of items other than shareholders' equity-9-Consolidated Statements of Cash Flows(Amounts less than one million yen are truncated)
FY2020(from January 1, 2020
to December 31, 2020)

FY2021(from January 1, 2021
to December 31, 2021)

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 valuation 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

33,463
11,253
(179)
2,028
(19)
2,323
(398)
12
(150)
(278)
316
737
(231)
5,276
5,357
(6,262)(1,567)
51,682394(12)(13,574)
38,49043,094
10,246
(242)
(544)
(45)
(1,486)
(558)
12
111
(1,255)
18
(855)
(278)
(1,987)(7,467)
2,222
4,332
45,317555(12)(13,103)32,756

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(14,695)
1,010(3,729)(310)
697(14,587)18(2,242)(1,089)
1,893

828

847

(9,994)
19(26,174)2(737)(15,894)(72)(2)(6,485)(26)
0(6,587)(91)
5,637
54,49360,131(61)(2)(9,073)(21)(9,160)195
7,897
60,131
68,028Proceeds from sales of shares of a subsidiary resulting in change inscope 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
Other, net
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- 10 -

Consolidated Segment Information
I. FY2020 (from January 1, 2020 to December 31, 2020)
Information on net sales and income (loss) by reportable segment(Amounts less than one million yen are truncated)

Reportable segment
Consumers

EnterpriseArea

124,695

174,447

213,830

Professional

Other

Total

Adjustment Consolidated

545,060-

Net sales
Sales - external customers

29,1932,893

545,060

44

10,136

9,831

1,515

6,297

27,824(27,824)

124,739

184,583

223,662

30,7089,191

572,884(27,824)

545,060

Operating income (loss)

12,287

9,429

8,984

1,902

(1,252)

31,350(33)

31,317

Assets44,10098,152

68,943

14,9552,814

228,965

277,639

506,604

569

7,190

2,745

338

27

10,871

382

11,253

1,355

11,746

2,839

338

39

16,31932

16,351

Sales - intersegment
Total

-

Other
Depreciation
Increase in Property, plantand equipment andIntangible assets[Note]
1. Other includes call center business and BPO service business, which are not included in reportable segments.
2. Adjustments are as follows:(1) Adjustment of Operating income (loss) is the elimination of intersegment transactions.
(2) Adjustment in segment assets are corporate assets that do not belong to individual reportable segments. The corporate assets mainly consistof surplus funds (cash and marketable securities), assets related to land of head office, buildings, and the administrative division of the head
office.
(3) Adjustment in depreciation expenses are depreciation expenses related to the buildings of the head office that do not belong to individual
reportable segments.
(4) Adjustment in increase of property, plant and equipment and intangible assets consist of capital investment amount of the buildings of thehead office that do not belong to individual reportable segments.
3. Total amount of Operating income (loss) for Reportable segments, Other and Adjustment is equal to the Operating income of Consolidated
Statements of Income.

- 11 -

Consolidated Segment Information
II. FY2021(from January 1, 2021 to December 31, 2021)
Information on net sales and income (loss) by reportable segment(Amounts less than one million yen are truncated)

Reportable segment
Consumers

EnterpriseArea

129,432

180,042

209,198

Professional

Other

Total

Adjustment Consolidated

552,085-

Net sales
Sales - external customers

30,0593,351

552,085

38

10,552

11,627

1,476

7,886

31,581(31,581)

129,471

190,594

220,826

31,536

11,238583,667(31,581)552,085

Operating income (loss)

13,572

13,856

12,0452,488(2,266)

39,696

3

39,699Assets45,913

110,21467,621

20,1572,220

246,128

280,289

526,418

Depreciation

468

7,176

1,923

296

27

9,892

354

10,246

Increase in Property, plantand equipment andIntangible assets

858

9,493

2,023

135

55

12,56668

12,634

Sales - intersegment
Total

-

Other

[Note]
1. Other includes call center business and BPO service business, which are not included in reportable segments.
2. Adjustments are as follows:(1) Adjustment of Operating income (loss) is the elimination of intersegment transactions.
(2) Adjustment in segment assets are corporate assets that do not belong to individual reportable segments. The corporate assets mainly consistof surplus funds (cash and marketable securities), assets related to land of head office, buildings, and the administrative division of the head
office.
(3) Adjustment in depreciation expenses are depreciation expenses related to the buildings of the head office that do not belong to individual
reportable segments.
(4) Adjustment in increase of property, plant and equipment and intangible assets consist of capital investment amount of the buildings of thehead office that do not belong to individual reportable segments.
3. Total amount of Operating income (loss) for Reportable segments, Other and Adjustment is equal to the Operating income of Consolidated
Statements of Income.

*NOTE*(Changes in Reporting Segments)
Part of the organization that conducted direct sales to medium-sized/second-tier companies in the Area segment was transferred to theEnterprise segment in 2021. Accordingly, results for 2020 have been reclassified between the segments.

- 12 -