January 27, 2021

Summary Report of Consolidated Financial Results
for the fiscal year ended December 31, 2020
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:

Masahiro Sakata, President

Contact:

Shiro Hamada, Director Vice President

Dividend payable date (as planned):
U.S. Accounting Standards Applied:

March 29, 2021
No

1.Consolidated business results for the year ended December 31, 2020 (From January 1, 2020 to December 31, 2020)(1) Consolidated Results of Operations(Amounts less than one million yen are truncated)
Net salesYear ended
December 31, 2020
December 31, 2019
[Note] Comprehensive Income:

545,060%(12.2)

621,134(0.1)

Millions of yen(Percentage represents increases or decreases from the previous year)
Profit attributable
Operating income
Ordinary income
to owners of parent
Millions of yen% Millions of yen% Millions of yen%
31,317(3.5)
35,236
3.8
21,997(1.1)
32,43912.1

33,937

11.2

22,250

6.8

Year ended December 31, 2020 : 27,530 million yen [(11.1)%]
Year ended December 31, 2019 : 30,965 million yen [123.7%]
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, 2020

169.65169.62

6.6

7.0

5.7

December 31, 2019171.60171.58

7.1

6.8

5.2

Year ended%%(2) Consolidated Financial Position
Total assets
Year ended
December 31, 2020

Millions of yen
506,604

Millions of yen
346,114503,698

325,092

December 31, 2019
[Reference] Shareholders' equity:(Amounts less than one million yen are truncated)
Equity ratio
Net asset per share

Net assets

%
68.2

Yen
2,664.20

64.4

2,502.39

Year ended December 31, 2020 : 345,458 million yen
Year ended December 31, 2019 : 324,475 million yen(3) Cash Flows(Amounts less than one million yen are truncated)
Net cash provided byoperating activities

Year ended

Net cash provided byinvesting activities

Net cash provided byfinancing activities

Cash and cash equivalents
at end of period

December 31, 2020

Millions of yen
38,490Millions of yen(26,174)

Millions of yen(6,587)

Millions of yen
60,131

December 31, 201922,052(94,584)(8,557)54,493

2.Dividends
Dividend per shareFirst
quarter-end

Secondquarter
-end

Yen

Third
quarter-endYear ended December 31, 2019

-

Yen
30.00

Year ended December 31, 2020

-

20.00

Year ending December 31, 2021
(forecast)-Year-end(Consolidated)

Yen

-

-

Yen
30.00

Yen
60.00

Yen
7,779

%
35.0

%
2.5

-

40.00

60.00

7,780

35.4

2.3

-

3.Consolidated financial forecast for the fiscal year ending December 31, 2021

Full year

AnnualRatio of
Total
dividends to
Payoutratio
dividends(Consolidated)
net assets(annual)

-

60.00

34.6

(Amounts less than one million yen are truncated)(Percentage represents increases or decreases from the previous year)
Profit attributable
Basic earnings
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 %3.8
560,000 2.7
32,50033,300 (5.5)
22,500 2.3
173.52-1-

*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, 2020 :As of December 31, 2019 :

151,079,972( ii ) Number of treasury stock at the end of the period
1,412,822
As of December 31, 2020 :As of December 31, 2019 :

21,413,743( iii ) Average number of shares
As of December 31, 2020 :

129,667,222

As of December 31, 2019 :

129,666,745-2-

(Reference) Summary of Non-Consolidated Financial Results
1.Non-Consolidated business results for the year ended December 31, 2020 (From January 1, 2020 to December 31, 2020)(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, 2020

412,800(12.8)

18,082

15.4

25,72335.5

17,641

December 31, 2019473,229(0.5)

15,669(3.0)

18,987(3.2)

13,287 (21.7)

Net income
per share
Yen

Year ended% Millions of yen

%

32.8

Diluted net income
per share
Yen

December 31, 2020

136.05136.03

December 31, 2019

102.48102.47(2) Non-Consolidated Financial Position(Amounts less than one million yen are truncated)
Equity ratio
Net asset per share

Total assets

Net assets

December 31, 2020

Millions of yen
488,713Millions of yen
308,625

%
63.2

Yen
2,380.14

December 31, 2019

489,371

297,42660.8

2,293.78

Year ended[Reference] Shareholders' equity:Year ended December 31, 2020 : 308,625 / Year ended December 31, 2019 : 297,426* 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, 2019
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable
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
Investment in securities
Long-term loans receivable
Net defined benefit assets
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, 2020

53,993112,666
500
33,281
206
622
170,0126,197(75)
377,403

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

26,948
99
3,315
9,403
28,91831
14,09582,81343,402
87
3,004
7,281
28,35916
1,577
83,729

4,148
2
315
2
4,469

5,373
1
294
0
5,669

11,03735393
20,792
4,358
2,775
(382)
39,011
126,295
503,698

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

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

Liabilities
Current liabilities
Notes and accounts payable
Lease obligations
Accrued expenses
Accrued income taxes
Consumption taxes payable
Provision for bonuses
Provision for directors' bonuses
Provision for product warranties
Provision for 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
Net defined benefit liabilities
Other long-term liabilities
Total long-term liabilities
Total liabilities
Net assets
Stockholders' equity
Common stock
Capital surplus
Retained earnings
Treasury stock
Total stockholders' equity
Accumulated other comprehensive income (loss)
Net unrealized gains on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income (loss)
Non-controlling interests
Total net assets
Total liabilities and net assets-5-

As of December 31, 2019

As of December 31, 2020

51,542
72
17,855
8,235
5,901
3,373
99
651
189
32,101
120,023

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

103
1,042
53,956
3,480
58,582
178,60674
1951
47,883
3,139
52,049160,49073,30382,820202,783(31,926)
326,979

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

3,929
11
51
(6,497)(2,504)616
325,092
503,698

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

Consolidated Statements of Income(Amounts less than one million yen are truncated)
FY2019(from January 1, 2019
to December 31, 2019)
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
Other non-operating income
Total non-operating income
Non-operating expenses
Interest expense
Foreign exchange losses
Other non-operating expenses
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of fixed assets
Gain on sales of investment securities
Other extraordinary income
Total extraordinary income
Extraordinary losses
Loss on sales and disposal of fixed assets
Loss on impairment of fixed assets
Loss on sales of shares of subsidiaries and associates
Loss on valuation of investment securities
Loss on COVID-19
Other extraordinary losses
Total extraordinary losses
Profit before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent-6-

FY2020(from January 1, 2020
to December 31, 2020)

621,134
420,107
201,026
168,586
32,439545,060
361,077
183,982
152,665
31,317

196
154
767
247
302
1,667

243
155
452
231
2,744
279
4,106

12
157
169
33,937

12
5
169
187
35,236

13
2
15

283
278
20
581

206
82
329
31
649
33,302
12,626(1,663)
10,963
22,33989
22,250

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

Consolidated Statements of Income(Amounts less than one million yen are truncated)
FY2019(from January 1, 2019
to December 31, 2019)
ProfitOther comprehensive income (loss)
Net unrealized gains or losses on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income (loss)
Comprehensive income
Comprehensive income attributable to
Owners of parent
Non-controlling interests-7-

FY2020(from January 1, 2020
to December 31, 2020)

22,33922,071

1,412
9
(24)
7,228
8,625
30,965

302
(40)
(56)
5,253
5,459
27,53030,87589

27,46466

Consolidated Statements of Shareholders' EquityI.

FY2019 (from January 1, 2019 to December 31, 2019)(Amounts less than one million yen are truncated)
Shareholders' equity
Capitalstock

Balance at beginning of current period

CapitalsurplusRetainedearnings

Total
shareholders'equityTreasurystocks73,30382,820189,957(31,924)

314,156

-

-

(996)

-

(996)

73,30382,820188,961(31,924)

313,160

Dividends of surplus--(8,428)-(8,428)

Profit attributable to owners of parent--

22,250-22,250Purchase of treasury stock

-

-

-

(2)

(2)

Profit attributable to non-controlling interests

-

-

-

-

-

Dividends paid to non-controlling interests

-

-

-

-

-

Net changes of items other than shareholders' equity

-

-

-

-

-

-

-

13,821(2)

13,81973,30382,820202,783(31,926)

326,979

Cumulative effects of changes in accounting policies
Restated balance
Changes of items during period

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

Accumulated other comprehensive income
Valuationdifference on
available-forsale
securities
Balance at beginning of current period

Total
Foreign
Remeasurements accumulated
currencyof defined benefit
othertranslationplanscomprehensive
adjustment
incomeDeferred
gains orlosses onhedges

Noncontrollinginterests

Total net
assets

2,518

1

75

(13,725)(11,129)542

303,570

-

-

-

-

-

-

(996)

2,518

1

75

(13,725)(11,129)542

302,573

Dividends of surplus

-

-

-

-

-

-

(8,428)

Profit attributable to owners of parent

-

-

-

-

-

-

22,250Purchase of treasury stock

-

-

-

-

-

-

(2)

Profit attributable to non-controlling interests

-

-

-

-

-

89

89

Dividends paid to non-controlling interests

-

-

-

-

-

(15)

(15)

1,410

9

(24)

7,228

8,625

0

8,625

Total changes of items during period

1,410

9

(24)

7,228

8,625

74

22,519Balance at end of current period

3,929

11

51

(6,497)(2,504)616

325,092

Cumulative effects of changes in accounting policies
Restated balance
Changes of items during period

Net changes of items other than shareholders' equity-8-Consolidated Statements of Shareholders' Equity
II.

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

Balance at beginning of current period

CapitalsurplusRetainedearnings

Total
shareholders'equityTreasurystocks73,30382,820202,783(31,926)

326,979

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

Profit attributable to owners of parent--

21,997-21,997Purchase of treasury stock

-

-

-

(2)

(2)

Disposal of treasury shares

-

1

-

3

4

Cancellation of treasury shares-(29,822)-

29,822－

Transfer from retained earnings to capital surplus-

29,815(29,815)--

Profit 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
Valuationdifference on
available-forsale
securities
Balance at beginning of current period

Total
Foreign
Remeasurements accumulated
currencyof defined benefit
othertranslationplanscomprehensive
adjustment
incomeDeferred
gains orlosses onhedges

Noncontrollinginterests

Total net
assets

3,929

11

51

(6,497)(2,504)616

325,092

Dividends of surplus

-

-

-

-

-

-

(6,483)

Profit attributable to owners of parent

-

-

-

-

-

-

21,997Purchase of treasury stock

-

-

-

-

-

-

(2)

Disposal of treasury shares

-

-

-

-

-

-

4

Cancellation of treasury shares

-

-

-

-

-

-

-

Transfer from retained earnings to capital surplus

-

-

-

-

-

-

-

Profit 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-9-Consolidated Statements of Cash Flows(Amounts less than one million yen are truncated)
FY2019(from January 1, 2019
to December 31, 2019)

FY2020(from January 1, 2020
to December 31, 2020)

Cash flows from operating activities
Profit before income taxes
Depreciation
Loss on Impairment of fixed assets
Increase (decrease) in allowance for doubtful receivables
Increase (decrease) in net defined benefit liabilities
Decrease (increase) in net defined benefit assets
Increase (decrease) in provision for bonuses
Interest and dividend income
Interest expense
Loss (gain) on sales and disposal of property, plant and equipment, net
Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment 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 (used in) operating activities

(247)
4,857
(1,805)(24,301)
4,038
32,683346(12)(10,965)
22,052

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)
38,490Cash 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 investment in securities
Proceeds from sales of investments in securities(11,651)
16(1,450)(1,383)328(14,695)
1,010(3,729)
(310)
697

-

828

(79,997)(446)(94,584)(9,994)
19(26,174)(109)(2)(8,426)(15)(2)(8,557)
11(81,077)
135,571
54,493(72)(2)(6,485)(26)
0(6,587)(91)
5,637
54,49360,131

Proceeds from sales of shares of subsidiaries 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 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- 10 -

33,302
12,257
82
(66)
4,468
(19)
(64)
(350)
12
190
(2)
329

Consolidated Segment Information
I. FY2019 (from January 1, 2019 to December 31, 2019)
Information on net sales and income (loss) by reportable segment(Amounts less than one million yen are truncated)

Reportable segment
Consumers

EnterpriseArea

132,737

186,652

256,139

Professional

Other

Total

Adjustment Consolidated

621,134-

Net sales
Sales - external customers

41,887

3,717

621,134

53

9,176

12,170

1,787

5,579

28,767(28,767)-

132,790

195,828

268,30943,6759,297

649,901(28,767)

621,134

Operating income (loss)

6,865

10,07014,398

1,617

(714)

32,235203

32,439Assets44,76094,42374,46524,736

2,352

240,738

262,960

503,698

Depreciation

641

7,462

3,218

387

28

11,737519

12,257

Increase in Property, plantand equipment andIntangible assets

617

17,723

2,516

544

22

21,42327

21,450

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
Quarterly Statements of Income.

- 11 -

Consolidated Segment Information
II. 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

124,830

162,068

225,893

Professional

Other

Total

Adjustment Consolidated

545,060-

Net sales
Sales - external customers

29,194

3,073

545,060

44

9,168

9,873

1,515

6,297

26,899(26,899)-

124,874

171,237

235,766

30,7109,371

571,960(26,899)545,060

Operating income (loss)

12,218

8,920

9,898

1,879

(1,566)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
Quarterly Statements of Income.

- 12 -