Canon Electronics Inc.
Annual Report 2021(Unaudited)
Consolidated Financial Highlights
Millions of yen（Amounts less than one million yen are truncated）
FY2020
FY2021(from January 1, 2020
(from January 1, 2021
to December 31, 2020)
to December 31, 2021)
Net sales
Component

41,61045,909

Electronic Information Appliance

23,29626,199

Other

9,705

10,504

Total

74,612

82,614

Profit attributable to owners of parent

4,413

5,392

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

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

Basic earnings per share

108.04yen131.98yen

Diluted earnings per share――

Millions of yen（Amounts less than one million yen are truncated）
As of December 31, 2020

As of December 31, 2021

Total assets

117,211

126,268

Net assets

97,629102,898―1―

Consolidated Balance Sheets
Millions of yen（Amounts less than one million yen are truncated）
As of December 31, 2020
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Investments in leases
Merchandise and finished goods
Work in process
Raw materials and supplies
Short-term loans receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets―2―

As of December 31, 2021

23,833
21,440
492
924
5,366
143
22,0001,734(0)75,934

23,62623,722
333
3,579
7,559
289
20,0002,588
81,69932,448(22,323)
10,125
23,118(20,243)
2,875
18,227(15,074)
3,152
15,91715(12)
3
3,205
35,281
1,648

36,235(23,436)
12,79823,489(20,869)
2,620
19,240(15,304)
3,936
18,489
13(8)
5
1,210
39,061
1,556

2,061
1,659
625
(0)
4,346
41,277
117,211

2,036
1,291
622
(0)
3,950
44,569126,268

Consolidated Balance Sheets
Millions of yen（Amounts less than one million yen are truncated）
As of December 31, 2020
Liabilities
Current liabilities
Accounts payable - trade
Electronically recorded obligations - operating
Lease obligations
Accrued expenses
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and other officers)
Provision for loss on order received
OtherTotal current liabilities
Non-current liabilities
Long-term borrowings
Provision for retirement benefits for directors (and other officers)
Retirement benefit liability
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets―3―

As of December 31, 2021

9,633
447
201
1,326
716
429
21
24
1,398
14,19911,424
771
192
1,261
2,008
427
63
14
2,620
18,784

2,100
204
2,768
22
287
5,383
19,582

3,200
200
1,019
25
140
4,585
23,3704,969
9,602
85,148(2,522)
97,1974,969
9,435
88,497(2,503)
100,399369(17)(2,000)(1,648)2,079
97,629117,211319
730(1,231)(181)
2,680
102,898
126,268

Consolidated Statements of Income
Millions of yen（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 profit
Non-operating income
Interest and dividend income
Subsidy income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Share issuance costs
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on sale and retirement of non-current assets
Loss on valuation of investment securities
Loss due to new coronavirus infection
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent―4―

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

74,61257,753
16,858
11,254
5,604

82,61464,061
18,552
12,207
6,344

91
264
67
423

93
142
491
31
758

193
5
199
5,828

16
6
23
7,079

0
24
24

4
4

7
392
399
5,454
1,547
5
1,553
3,901
(512)
4,413

6
3
10
7,073
2,58562
2,648
4,425(966)5,392Consolidated Statements of Comprehensive Income
Millions of yen（Amounts less than one million yen are truncated）
FY2020(from January 1, 2020
to December 31, 2020)
ProfitFY2021(from January 1, 2021
to December 31, 2021)

3,901

4,425

17(49)

Foreign currency translation adjustment

(355)

748

Remeasurements of defined benefit plans, net of tax(281)768

Total other comprehensive income

(619)

1,466

3,281

5,892

Comprehensive income attributable to owners of parent

3,793

6,859

Comprehensive income attributable to non-controlling interests

(512)

(966)

Other comprehensive income
Valuation difference on available-for-sale securities

Comprehensive income
Comprehensive income attributable to―5―

Consolidated Statements of Shareholders' Equity
FY2020(from January 1, 2020 to December 31, 2020)
Millions of yen（Amounts less than one million yen are truncated）
Shareholders' Equity
Capitalstock

Balance at beginning of period

Capitalsurplus

4,969

Retainedearnings

9,602

Total
shareholders'equityTreasuryshares

83,185(2,547)

95,210Changes during period
Dividends of surplus(2,450)(2,450)

Profit attributable to owners of parent

4,413

4,413

Purchase of treasury shares
Disposal of treasury shares(0)

Transfer from retained earnings to capital surplus

0(0)

(0)

2525―

(0)

―

Net changes in items other than shareholders' equity
Total changes during period
Balance at end of period

―

(0)

1,962

24

1,987

4,969

9,602

85,148(2,522)

97,197

Accumulated other comprehensive income

Valuationdifference on
available-forsale securities

Balance at beginning of period

Foreigncurrencytranslation
adjustment

352

337

TotalRemeasuremaccumulated
ents ofotherdefinedcomprehensiv
benefit planse income(1,718)(1,028)

Noncontrollinginterests

1,166

Total
net assets

95,348Changes during period
Dividends of surplus―(2,450)

Profit attributable to owners of parent

―

4,413

Purchase of treasury shares―(0)

Disposal of treasury shares―

25

Transfer from retained earnings to capital surplus――

Net changes in items other than shareholders' equity
Total changes during period
Balance at end of period

17(355)

(281)

(619)

912

293

17(355)

(281)

(619)

912

2,280

369

(17)

(2,000)(1,648)2,079

97,629―6―

Consolidated Statements of Shareholders' Equity
FY2021 (from January 1, 2021 to December 31, 2021)
Millions of yen（Amounts less than one million yen are truncated）
Shareholders' Equity
Capitalstock
Balance at beginning of period

Capitalsurplus

4,969

9,602

Retainedearnings

Total
shareholders'equityTreasuryshares85,148(2,522)

97,197

Changes during period
Dividends of surplus(2,042)(2,042)

Profit attributable to owners of parent

5,392

5,392

Purchase of treasury shares

(1)

(1)

Disposal of treasury shares

2020(167)

Capital increase of consolidated subsidiaries

(167)
―

Net changes in items other than shareholders' equity
Total changes during period
Balance at end of period

―

(167)

3,349

18

3,201

4,969

9,435

88,497(2,503)

100,399

Accumulated other comprehensive income

Valuationdifference on
available-forsale securities

Balance at beginning of period

Foreigncurrencytranslation
adjustment

369

(17)

TotalRemeasurem
accumulated
ents ofotherdefinedcomprehensiv
benefit planse income(2,000)(1,648)

Noncontrollinginterests

2,079

Total
net assets

97,629Changes during period
Dividends of surplus―(2,042)

Profit attributable to owners of parent

―

5,392

Purchase of treasury shares―(1)

Disposal of treasury shares―

20

Capital increase of consolidated subsidiaries

―

(167)

Net changes in items other than shareholders' equity
Total changes during period
Balance at end of period

(49)

748

768

1,466

600

2,067

(49)

748

768

1,466

600

5,268

319

730

(1,231)

(181)

2,680

102,898―7―

Consolidated Statements of Cash Flows
Millions of yen（Amounts less than one million yen are truncated）
FY2020
FY2021(from January 1, 2020
(from January 1, 2021
to December 31, 2020) to December 31, 2021)
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for directors (and other officers)
Increase (decrease) in provision for loss on order received
Increase (decrease) in retirement benefit liability
Interest and dividend income
Loss (gain) on sale and retirement of property, plant and equipment
Loss (gain) on sale and valuation of investment securities
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
SubtotalInterest and dividends received
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Loan advances
Proceeds from collection of loans receivable
Payments into time deposits
Proceeds from withdrawal of time deposits
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from long-term borrowings
Dividends paid
Proceeds from share issuance to non-controlling shareholders
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents

5,454
2,950(51)(5)
0(764)(91)
6(24)
1,611(769)(1,059)
(145)
7,110
91
(1,898)
5,303

7,073
3,248(10)42(10)(931)(93)
2
3(2,050)(4,994)
1,963
(253)
3,992
102(1,348)
2,744(4,332)0(281)(172)
55(2,000)
3,000
(50)
100
61(3,619)(5,535)5(214)(59)
2,000(1,320)200(60)(4,984)2,100(2,453)
1,425
24
1,096
(179)
2,601

1,100
(2,046)
1,400
18
471
441
(1,327)

Cash and cash equivalents at beginning of period

20,932

23,533

Cash and cash equivalents at end of period

23,533

22,206―8―