January 27, 2023

Summary Report of Consolidated Financial Results
for the fiscal year ended December 31, 2022
Registered company name:

Canon Marketing Japan Inc.

Stock listing:Code number:Tokyo Stock Exchange, Prime Market
8060

URL:

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

Representative director:

Masachika Adachi, President

Contact:

Akihiro Shirone, General Manager Accounting Div. Accounting Headquarters

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

March 30, 2023
No

1.Consolidated business results for the year ended December 31, 2022 (From January 1, 2022 to December 31, 2022)(1) Consolidated Results of Operations(Amounts less than one million yen are truncated)
Net salesYear ended
December 31, 2022
December 31, 2021
[Note] Comprehensive Income:

588,132%
6.5

552,085

1.3

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%
49,94725.8
50,991
24.1
35,552
20.8
39,69926.8

41,09616.6

29,42033.7

Year ended December 31, 2022 : 36,710 million yen [(2.5%)]
Year ended December 31, 2021 : 37,640 million yen [36.7%]
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, 2022

274.16274.10

9.2

9.5

8.5

December 31, 2021

226.88226.83

8.2

8.0

7.2

Total assets

EquityYear ended(2) Consolidated Financial Position

Year ended

Millions of yen

Millions of yen%

Yen

543,740

400,37273.5

3,081.07

526,418

374,67671.0

2,883.74

December 31, 2022
December 31, 2021
[Reference] Shareholders' equity:(Amounts less than one million yen are truncated)
Equity ratio
Net assets per share

Year ended December 31, 2022 : 399,542 million yen
Year ended December 31, 2021 : 373,949 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

December 31, 2022

37,725(10,107)(11,259)

84,632

December 31, 2021

32,756(15,894)(9,160)68,028Year ended

Millions of yen

2.Dividends
Dividend per shareFirst
quarter-end

Secondquarter
-end

Yen

Third
quarter-endYear ended December 31, 2021

-

Yen
30.00

Year ended December 31, 2022

-

40.00

Year ending December 31, 2023
(forecast)-Year-end(Consolidated)

Yen

-

-

Yen
45.00

Yen Millions of yen
75.00
9,725

%
33.1

%
2.7

-

50.00

90.00

32.8

3.0

-

3.Consolidated financial forecast for the fiscal year ending December 31, 2023

Full year

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

90.00

11,670

32.8(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 %0.1
624,000 6.1
50,00051,400 0.8
35,600 0.1
274.53-1-

*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 :Yes( 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, 2022 :As of December 31, 2021 :

131,079,972( ii ) Number of treasury stock at the end of the period
1,403,572
As of December 31, 2022 :As of December 31, 2021 :

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

129,676,340

As of December 31, 2021 :

129,673,399-2-

(Reference) Summary of Non-Consolidated Financial Results
1.Non-Consolidated business results for the year ended December 31, 2022 (From January 1, 2022 to December 31, 2022)(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%

Millions of yen%

December 31, 2022

435,150

4.7

30,92330.7

43,262

33.6

33,76929.5

December 31, 2021

415,654

0.7

23,66430.9

32,38525.9

26,06847.8

Basic earnings
per share
Yen

Year ended

Diluted net income
per share
Yen

December 31, 2022

260.41260.35

December 31, 2021

201.03200.99(2) Non-Consolidated Financial Position

Year ended

Total assets

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

Millions of yen

Millions of yen%

Yen

December 31, 2022

512,064

349,26168.2

2,693.11

December 31, 2021

503,481

329,000

65.3

2,537.11[Reference] Shareholders' equity:Year ended December 31, 2022 : 349,232 million yen
Year ended December 31, 2021 : 329,000 million yen* 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 were announced, 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, 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, net
Tools, furniture and fixtures, net
Rental assets, net
Land
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Software
Goodwill
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, 2022

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

84,132
110,431500
37,89799523
180,0126,153(43)419,708

45,916
77
2,760
5,639
28,3597
2,392
85,154

48,384
68
2,670
4,890
28,3595897
85,276

6,226
303
0
6,530

5,364
327
302
0
5,995

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

13,31215392
12,904
2,767
3,555
(187)
32,760124,032
543,740

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
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)
Stock acquisition rights
Non-controlling interests
Total equity
Total liabilities and equity-5-

As of December 31, 2021

As of December 31, 2022

46,32352
16,127
6,954
6,089
4,148
98
291
308
26,715
107,10947,37645
16,627
7,453
5,426
3,439
118
243
114
27,216108,06281899
40,913
2,738
44,632
151,74173
749
32,141
2,340
35,305
143,368

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

73,30382,827233,354(2,092)
387,392

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

5,202
(14)
293
6,667
12,14929
801
400,372
543,740

Consolidated Statements of Income(Amounts less than one million yen are truncated)
FY2021(from January 1, 2021
to December 31, 2021)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Insurance income
Foreign exchange gains
Gain on investments in partnership
Other, net
Total non-operating income
Non-operating expenses
Interest expense
Loss on investments in partnership
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 valuation of investments in securities
Loss on sales of investments in securities
Loss on disaster
Loss on sales of shares of subsidiaries and associates
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-

FY2022(from January 1, 2022
to December 31, 2022)

552,085
361,809
190,276
150,576
39,699588,132
388,842
199,289
149,341
49,947

274
283
506
278
220
1,562

299
209
459
29
227
1,225

12
6
146
165
41,096

12
29
139
180
50,991

6
1,255
895
202
16
2,376

3
729
0
733

124
18
168
40
26
377
43,094
12,971627
13,59829,49575
29,420

124
57
18
1
202
51,523
14,244
1,652
15,89635,62674
35,552

Consolidated Statements of Income(Amounts less than one million yen are truncated)
FY2021(from January 1, 2021
to December 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 to
Owners of parent
Non-controlling interests-7-

FY2022(from January 1, 2022
to December 31, 2022)

29,49535,626

3,643
51
137
4,311
8,144
37,640(2,673)
(37)
193
3,600
1,083
36,71037,54793

36,61297

Consolidated Statements of Shareholders' EquityI.

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

Balance at beginning of 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 in items other than shareholders' equity

-

-

-

-

-

Total changes during period-

920,343

10

20,36373,30382,824

208,824(2,092)362,859

Changes during period

Balance at end of period

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

Balance at beginning of period

Total
ForeignDefinedaccumulated
currency
retirement benefit
othertranslationplanscomprehensive
adjustments
income(loss)

Deferred
gains orlosses onhedgesStockacquisitionrights

Noncontrolling Total equity
interests

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)

Changes during period

Disposal of treasury stock

-

-

-

-

-

-

-

23

Net income attributable to non-controlling interests

-

-

-

-

-

-

75

75

Dividends paid to non-controlling interests

-

-

-

-

-

-

(21)

(21)

Net changes in items other than shareholders' equity

3,642

51

120

4,311

8,126

-

17

8,144

Total changes during period

3,642

51

120

4,311

8,126

-

71

28,562

7,873

22

125

3,067

11,089-727

374,676

Balance at end of period-8-Consolidated Statements of Shareholders' Equity
II.

FY2022 (from January 1, 2022 to December 31, 2022)(Amounts less than one million yen are truncated)
Shareholders' equity
Commonstock

Balance at beginning of period

CapitalsurplusRetainedearnings

Total
shareholders'equityTreasurystock

73,30382,824

208,824(2,092)362,859

Dividends of surplus--(11,022)-(11,022)

Net income attributable to owners of parent--

35,552-35,552

Purchase of treasury stock

-

-

-

(4)

(4)

Disposal of treasury stock

-

2

-

3

6

Net income attributable to non-controlling interests

-

-

-

-

-

Dividends paid to non-controlling interests

-

-

-

-

-

Net changes in items other than shareholders' equity

-

-

-

-

-

Total changes during period-

224,529(0)

24,53273,30382,827233,354(2,092)

387,392

Changes during period

Balance at end of period

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

Balance at beginning of period

Total
ForeignDefinedaccumulated
currency
retirement benefit
othertranslationplanscomprehensive
adjustments
income(loss)

Deferred
gains orlosses onhedgesStockacquisitionrights

Noncontrollinginterests

Total equity

7,873

22

125

3,067

11,089-727

374,676

Dividends of surplus

-

-

-

-

-

-

-

(11,022)

Net income attributable to owners of parent

-

-

-

-

-

-

-

35,552

Purchase of treasury stock

-

-

-

-

-

-

-

(4)

Disposal of treasury stock

-

-

-

-

-

-

-

6

Net income attributable to non-controlling interests

-

-

-

-

-

74

74

Dividends paid to non-controlling interests

-

-

-

-

-

(23)

(23)

Net changes in items other than shareholders' equity(2,670)

(37)

167

3,600

1,060

23

1,112

Total changes during period(2,670)

(37)

167

3,600

1,060

29

73

25,695

5,202

(14)

293

6,667

12,14929

801

400,372

Changes during period

Balance at end of period

-9-

29

Consolidated Statements of Cash Flows(Amounts less than one million yen are truncated)
FY2021(from January 1, 2021
to December 31, 2021)
Cash flows from operating activities
Net income before income taxes
Depreciation and amortization
Amortization of goodwill
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
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
Payments for purchases of shares of a subsidiary resulting in change inscope of consolidation
Proceeds 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 -FY2022(from January 1, 2022
to December 31, 2022)

43,094
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

51,5239,592
29
111(3,480)
(46)
(716)
(509)
12
107
(711)
57
29
(2,894)(3,280)985
24151,051506(12)(13,820)
37,725(14,587)18(2,242)(1,089)1,893(8,889)
23
(894)
(676)
1,330

-

(209)

847

-

2
(737)
(15,894)11(802)(10,107)(61)(2)(9,073)(21)(9,160)195
7,897
60,131
68,028(56)(4)(11,020)(23)(155)(11,259)
245
16,60368,02884,632

Consolidated Segment Information
I. 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

27

Sales - intersegment
Total

-

Other
Depreciation

468

7,176

1,923

296

9,892

354

10,246

Amortization of goodwill

-

-

-

-

-

-

-

-

Increase in Property, plantand equipment andIntangible assets

858

9,493

2,023

135

55

12,56668

12,634[Note]
1. Other includes shared 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 mainly related to the buildings of the head office that do not belong toindividual 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. FY2022 (from January 1, 2022 to December 31, 2022)
Information on net sales and income (loss) by reportable segment(Amounts less than one million yen are truncated)

Reportable segment
Consumers

EnterpriseArea

136,574

191,507

215,019

Professional

Other

Total

Adjustment Consolidated

588,132-

Net sales
Sales - external customers

40,377

4,652

588,132

37

11,222

11,541

1,293

7,629

31,724(31,724)

136,612202,730

226,560

41,67012,281

619,856(31,724)

588,132

Operating income (loss)

13,94017,072

15,5635,240(1,750)50,066(119)

49,947

Assets47,479109,10270,911

20,252

3,437

251,184

292,555

543,740

Sales - intersegment
Total

-

Other
Depreciation

685

6,421

1,709

294

18

9,129

463

9,592

Amortization of goodwill

-

-

-

-

29

29

-

29

Increase in Property, plantand equipment andIntangible assets

348

7,286

1,165

123

3

8,928

136

9,065

[Note]
1. Other includes shared 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 mainly related to the buildings of the head office that do not belong toindividual 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 -