January 29, 2024

Summary Report of Consolidated Financial Results
for the fiscal year ended December 31, 2023
Registered company name:
Code number:Canon Marketing Japan Inc.
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 28, 2024
No

Stock listing:

1.Consolidated business results for the year ended December 31, 2023 (From January 1, 2023 to December 31, 2023)(1) Consolidated Results of Operations(Amounts less than one million yen are truncated)
Net salesYear ended
December 31, 2023
December 31, 2022
[Note] Comprehensive Income:

609,473%
3.6

588,132

6.5

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%
52,495
5.1
53,585
5.1
36,493
2.6
49,94725.8

50,991

24.1

35,552

20.8

Year ended December 31, 2023 : 48,352 million yen [31.7%]
Year ended December 31, 2022 : 36,710 million yen [(2.5%)]
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, 2023

281.41

281.34

8.7

9.7

8.6

December 31, 2022

274.16274.10

9.2

9.5

8.5

Total assets

EquityYear ended(2) Consolidated Financial Position

Year ended

Millions of yen

Millions of yen%

Yen

557,366

435,50978.0

3,352.30

543,740

400,37273.5

3,081.07

December 31, 2023
December 31, 2022
[Reference] Shareholders' equity:(Amounts less than one million yen are truncated)
Shareholders' equity per share
Equity ratio

Year ended December 31, 2023 : 434,721 million yen
Year ended December 31, 2022 : 399,542 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 year

Millions of yen

Millions of yen

Millions of yen

Millions of yen

December 31, 2023

28,182(10,011)(13,260)

89,690December 31, 2022

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

84,632

Year ended

2.Dividends
Dividend per shareFirst
quarter-end

Secondquarter
-end

Yen

Third
quarter-endYear ended December 31, 2022

-

Yen
40.00

Year ended December 31, 2023

-

50.00

Year ending December 31, 2024
(forecast)-Year-end(Consolidated)

Yen-

AnnualRatio of
Total
Payout ratio dividends todividends (Consolidated)
equity(annual)

-

Yen
50.00

Yen Millions of yen
90.00
11,670

%
32.8

%
3.0

-

70.00

120.00

42.6

3.7

-

-

120.0015,561

41.5[Note] The interim dividend for the fiscal year ending December 31, 2024, remains undecided because financial results forecasts have yet
to be made for the first six months of the fiscal year ending December 31, 2024. The year-end dividend for the fiscal year ending December
31, 2024, 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, 2024

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 income Ordinary income
to owners of parent
per share
Yen
Millions of yen % Millions of yen% Millions of yen % Millions of yen %2.9
630,000 3.4
54,00055,000 2.6
37,500 2.8
289.18-1-

*Others(1) Material changes in subsidiaries during the year
(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 year (including treasury stock)
131,079,972
As of December 31, 2023 :As of December 31, 2022 :

131,079,972( ii ) Number of treasury stock at the end of the year
As of December 31, 2023 :

1,401,615

As of December 31, 2022 :1,403,572( iii ) Average number of shares
As of December 31, 2023 :

129,678,189

As of December 31, 2022 :

129,676,340-2-

(Reference) Summary of Non-Consolidated Financial Results
1. Non-Consolidated business results for the year ended December 31, 2023 (From January 1, 2023 to December 31, 2023)(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, 2023

428,556(1.5)

29,457(4.7)

42,379(2.0)

32,652(3.3)

December 31, 2022

435,150

4.7

30,92330.7

43,262

33.6

33,76929.5

Basic earnings
per share
Yen

Year ended

Diluted net income
per share
Yen

December 31, 2023

251.80251.73

December 31, 2022

260.41260.35(2) Non-Consolidated Financial Position

Year ended

Total assets

Equity(Amounts less than one million yen are truncated)
Shareholders' equity per share
Equity ratio

Millions of yen

Millions of yen%

Yen

December 31, 2023

504,720

369,71473.2

2,850.56

December 31, 2022

512,064

349,26168.2

2,693.11[Reference] Shareholders' equity: Year ended December 31, 2023 : 369,655 million yen
Year ended December 31, 2022 : 349,232 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, 2022
AssetsCurrent assets
Cash and deposits
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 and vehicles, net
Furniture and fixtures, net
Rental assets, net
Land
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Software
Goodwill
Customer-related intangible assets
Facility 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, 2023

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

88,190111,649
1,500
39,149196479
170,0057,482(42)418,611

48,384
68
2,670
4,890
28,3595897
85,27647,714
60
3,029
5,585
28,3593271
85,024

5,364
327
302
0
5,995

5,600
4,868
3,408
302
1
14,181

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

16,314
10
10,987
5,916
2,559
3,962
(201)
39,548
138,755
557,366

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

Liabilities
Current liabilities
Notes and accounts payable-trade
Current portion of long-term lease obligations
Accrued expenses
Accrued income taxes
Consumption taxes payable
Accrued bonuses
Accrued directors’ bonuses
Accrued product warranties
Accrued loss on contracts
Other current liabilities
Total current liabilities
Long-term liabilities
Long-term lease obligations
Allowance for long-term continuous service rewards
Accrued pension and severance costs
Deferred tax liabilities
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)
Unrealized gain (loss) on available-for-sale securities
Deferred gain (loss) on derivatives under hedge accounting
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, 2022

As of December 31, 2023

47,37645
16,627
7,453
5,426
3,439
118
243
114
27,216108,062

45,552
99
16,585
8,233
6,712
3,222
107
269
51
29,755110,59073749
32,141
2,340
35,305
143,368

206
723
7,760
178
2,397
11,266
121,856

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

73,30382,727
256,880(2,092)
410,817

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

6,860
87
345
16,61023,90358729
435,509557,366

Consolidated Statements of Income(Amounts less than one million yen are truncated)
FY2022(from January 1, 2022
to December 31, 2022)
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
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 long-lived assets
Gain on sales of investments in securities
Other, net
Total extraordinary income
Extraordinary losses
Loss on sales and disposal of long-lived assets
Loss on sales of shares of subsidiaries and associates
Loss on sales of investments in securities
Loss on impairment of investments in securities
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 the parent-6-

FY2023(from January 1, 2023
to December 31, 2023)

588,132
388,842
199,289
149,341
49,947

609,473
404,980
204,492
151,997
52,495

299
209
459
29
227
1,225

383
237
457
213
1,291

12
29
139
180
50,991

11
31
6
152
201
53,585

3
729
0
733

3
113
117

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

479
159
2
3
645
53,057
15,493980
16,47336,58390
36,493

Consolidated Statements of Income(Amounts less than one million yen are truncated)
FY2022(from January 1, 2022
to December 31, 2022)
Net income
Other comprehensive income (loss)
Unrealized gain (loss) on available-for-sale securities
Deferred gain (loss) on derivatives under hedge accounting
Foreign currency-translation adjustments
Defined retirement benefit plans
Total other comprehensive income (loss)
Comprehensive income
Comprehensive income attributable to
Owners of the parent
Non-controlling interests-7-

FY2023(from January 1, 2023
to December 31, 2023)

35,62636,583(2,673)
(37)
193
3,600
1,083
36,710

1,659
101
65
9,942
11,76948,352

36,612
97

48,246106

Consolidated Statements of Shareholders' Equity
I. FY2022 (from January 1, 2022 to December 31, 2022)(Amounts less than one million yen are truncated)
Shareholders' equity
Commonstock
Balance at beginning of the year

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 the parent--

35,552-35,552

Purchase of treasury stock

-

-

-

(4)

(4)

Disposition of treasury stock

-

2

-

3

6

Additional purchase of shares of a consolidated
subsidiary

-

-

-

-

－

Net income attributable to non-controlling interests

-

-

-

-

-

Cash dividends paid to non-controlling interests

-

-

-

-

-

Net changes in items other than shareholders' equity

-

-

-

-

-

Total changes during the year-2

24,529(0)

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

387,392

Changes during the year

Balance at end of the year

Accumulated other comprehensive income (loss)
Deferred gain

Unrealized(loss) on
gain (loss) on
derivatives
available-forunder hedge
sale securities

accounting

Balance at beginning of the year

Total
ForeignDefinedaccumulated
currency
retirement benefit
othertranslationplanscomprehensive
adjustments
income(loss)

Stockacquisitionrights

Noncontrolling Total equity
interests

7,873

22

125

3,067

11,089-727

374,676

Dividends of surplus

-

-

-

-

-

-

-

(11,022)

Net income attributable to owners of the parent

-

-

-

-

-

-

-

35,552

Purchase of treasury stock

-

-

-

-

-

-

-

(4)

Disposition of treasury stock

-

-

-

-

-

-

-

6

Additional purchase of shares of a consolidated
subsidiary

-

-

-

-

-

-

-

Net income attributable to non-controlling interests

-

-

-

-

-

74

74

Cash dividends paid to non-controlling interests

-

-

-

-

-

(23)

(23)

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

(37)

167

3,600

1,060

29

23

1,112

Total changes during the year

(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 the year

Balance at end of the year-8-Consolidated Statements of Shareholders' Equity
II. FY2023 (from January 1, 2023 to December 31, 2023)(Amounts less than one million yen are truncated)
Shareholders' equity
Commonstock
Balance at beginning of the year

CapitalsurplusRetainedearnings

Total
shareholders'equityTreasurystock

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

387,392

Dividends of surplus--(12,967)-(12,967)

Net income attributable to owners of the parent--

36,493-36,493Purchase of treasury stock

-

-

-

(4)

(4)

Disposition of treasury stock

-

4

-

4

9

(104)

-

-

(104)

Changes during the year

Additional purchase of shares of a consolidated
subsidiary
Net income attributable to non-controlling interests

-

-

-

-

-

Cash dividends paid to non-controlling interests

-

-

-

-

-

Net changes in items other than shareholders' equity

-

-

-

-

-

Total changes during the year

-

(100)

23,525023,42573,30382,727

256,880(2,092)

410,817

Balance at end of the year

Accumulated other comprehensive income (loss)
Deferred gain

Unrealized(loss) on
gain (loss) on
derivatives
available-forunder hedge
sale securities

accounting

Balance at beginning of the year

Total
ForeignDefinedaccumulated
currency
retirement benefit
othertranslationplanscomprehensive
adjustments
income(loss)

Stockacquisitionrights

Noncontrollinginterests

Total equity

5,202

(14)

293

6,667

12,14929

801

400,372

Dividends of surplus

-

-

-

-

-

-

-

(12,967)

Net income attributable to owners of the parent

-

-

-

-

-

-

-

36,493Purchase of treasury stock

-

-

-

-

-

-

-

(4)

Disposition of treasury stock

-

-

-

-

-

-

-

9

Additional purchase of shares of a consolidated
subsidiary

-

-

-

-

-

-

-

(104)

Net income attributable to non-controlling interests

-

-

-

-

-

-

90

90

Cash dividends paid to non-controlling interests

-

-

-

-

-

-

(22)

(22)

1,657

101

51

9,942

11,75329(139)

11,643

1,657

101

51

9,942

11,75329(71)

35,137

6,860

87

345

16,61023,90358729

435,509

Changes during the year

Net changes in items other than shareholders' equity
Total changes during the year
Balance at end of the year-9-Consolidated Statements of Cash Flows(Amounts less than one million yen are truncated)
FY2022(from January 1, 2022
to December 31, 2022)
Cash flows from operating activities
Net income before income taxes
Depreciation and amortization
Amortization of goodwill
Amortization of customer-related intangible assets
Increase (decrease) in allowance for doubtful receivables
Increase (decrease) in accrued pension and severance costs
Decrease (increase) in prepaid pension and severance costs
Contribution of cash to retirement benefit trust
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 impairment 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
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 new subsidiaries
Decrease (increase) in short-term loans receivable, net
Payments for acquisition of businesses
Other, net
Net cash used in investing activities
Cash flows from financing activities
Repayments of finance lease obligations
Payments for purchases of additional shares of a subsidiary
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 the year
Cash and cash equivalents at end of the year

- 10 -FY2023(from January 1, 2023
to December 31, 2023)

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)
37,72553,057
9,738
198
303
(7)
(13,347)
10,386(18,000)
(298)
(621)
11
151
(111)
159
31
(61)
(691)
(2,503)
3,992
42,389614(11)(14,809)28,182(8,889)
23
(894)
(676)
1,330
(209)
11
(802)
(10,107)(8,343)19(1,960)(743)
244(7,618)10,012(750)(872)(10,011)(56)(4)(11,020)(23)(155)(11,259)
245
16,60368,02884,632

(12)
(260)
(5)
(12,961)(22)(13,260)
147
5,058
84,632
89,690Consolidated Segment Information
I. 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

Adjustments 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)

Total

136,612202,730

226,560

41,67012,281

619,856(31,724)

Segment income(loss)

13,94017,072

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

49,947

Segment assets

47,479109,10270,911

20,252

3,437

251,184

292,555

543,740

463

Sales - intersegment

588,132

Other items
Depreciation and amortization

685

Amortization of goodwill
Changes in the amount ofproperty, plant, and equipment
and intangible assets

6,421
-

348

1,709
-

7,286

294
-

1,165

123

18

9,129

29

29

3

8,928

9,592
-

136

29
9,065

[Note]
1. “Other” is a business segment that is not included in the reportable segments of the Company. The Other segment includes the shared service
business.
2. Adjustments are as follows:(1)Adjustment of segment income (loss) eliminates intersegment transactions.
(2) Adjustment of segment assets is for corporate assets that do not belong to reportable segments. The corporate assets are comprised of surplus
funds, such as cash and investment in securities, assets related to head office land, buildings, and head office administrative units.
(3) Adjustment of depreciation and amortization is for head office building expenses that do not belong to reportable segments.
(4)Adjustment of increase of property, plant and equipment and intangible assets consists of capital investments in head office buildings that do
not belong to reportable Adjustment of increase of property, plant and equipment and intangible assets consists of capital investments in head
office buildings that do not belong to reportable segments.
3. Total segment income (loss) after adjustments for reportable and other business segments equals operating income in the consolidated statements
of income.

- 11 -

Consolidated Segment Information
I. 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

Adjustments 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)

Total

136,612202,730

226,560

41,67012,281

619,856(31,724)

Segment income(loss)

13,94017,072

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

49,947

Segment assets

47,479109,10270,911

20,252

3,437

251,184

292,555

543,740

463

Sales - intersegment

588,132

Other items
Depreciation and amortization

685

Amortization of goodwill
Changes in the amount ofproperty, plant, and equipment
and intangible assets

6,421
-

348

1,709
-

7,286

294
-

1,165

123

18

9,129

29

29

3

8,928

9,592
-

136

29
9,065

[Note]
1. “Other” is a business segment that is not included in the reportable segments of the Company. The Other segment includes the shared service
business.
2. Adjustments are as follows:(1)Adjustment of segment income (loss) eliminates intersegment transactions.
(2) Adjustment of segment assets is for corporate assets that do not belong to reportable segments. The corporate assets are comprised of surplus
funds, such as cash and investment in securities, assets related to head office land, buildings, and head office administrative units.
(3) Adjustment of depreciation and amortization is for head office building expenses that do not belong to reportable segments.
(4)Adjustment of increase of property, plant and equipment and intangible assets consists of capital investments in head office buildings that do
not belong to reportable Adjustment of increase of property, plant and equipment and intangible assets consists of capital investments in head
office buildings that do not belong to reportable segments.
3. Total segment income (loss) after adjustments for reportable and other business segments equals operating income in the consolidated statements
of income.

- 12 -