Canon Electronics Inc.
Annual Report 2022(Unaudited)
Consolidated Financial Highlights
Millions of yen（Amounts less than one million yen are truncated）
FY2021
FY2022(from January 1, 2021
(from January 1, 2022
to December 31, 2021)
to December 31, 2022)

Net sales
Component

45,90957,029

Electronic Information Appliance

26,19929,145

Other

10,504

10,331

Total

82,61496,506

Profit attributable to owners of parent

5,392

6,920

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

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

Basic earnings per share131.98yen

169.34yen

Diluted earnings per share――

Millions of yen（Amounts less than one million yen are truncated）
As of December 31, 2021

As of December 31, 2022

Total assets

126,268

137,493

Net assets

102,898

111,296―1―

Consolidated Balance Sheets
Millions of yen（Amounts less than one million yen are truncated）
As of December 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Notes and accounts receivable - trade, and contract assets
Investments in leases
Merchandise and finished goods
Work in process
Raw materials and supplies
Short-term loans receivable
Other
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 securitiesDeferred tax assets
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets―2―

As of December 31, 2022

23,62623,722
333
3,579
7,559
289
20,0002,588
81,69924,76427,317161
2,759
11,747191
20,0001,951
88,89336,235(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

39,783(24,885)
14,897
23,773(21,473)
2,300
20,199(16,138)
4,060
18,600
655
(25)
630
644
41,134
1,634

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

2,091
916
2,138
684
(0)
5,830
48,599137,493

Consolidated Balance Sheets
Millions of yen（Amounts less than one million yen are truncated）
As of December 31, 2021
Liabilities
Current liabilities
Accounts payable - trade
Electronically recorded obligations - operating
Lease liabilities
Accrued expenses
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and other officers)
Provision for loss on orders received
OtherTotal current liabilities
Non-current liabilities
Bonds payable
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 interestsTotal net assets
Total liabilities and net assets―3―

As of December 31, 2022

11,424
771
192
1,261
2,008
427
63
14
2,620
18,78412,013
748
148
1,301
2,036
420
84
472
3,072
20,298

3,200
200
1,019
25
140
4,585
23,370

300
3,200
200
1,475
37
684
5,898
26,196

4,969
9,435
88,497(2,503)
100,399

4,969
10,60993,167(2,482)
106,263319
730(1,231)(181)
2,680
102,898
126,268

356
1,938
(924)
1,370
3,662
111,296
137,493

Consolidated Statements of Income
Millions of yen（Amounts less than one million yen are truncated）
FY2021(from January 1, 2021
to December 31, 2021)

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

Net sales

82,61496,506

Cost of sales

64,06175,795Gross profit

18,552

20,711

Selling, general and administrative expenses

12,207

12,665

Operating profit

6,344

8,046

Interest and dividend income

93112

Subsidy income

14227

Foreign exchange gains

491

751

Non-operating income

Other

3136

Total non-operating income

758

928

Interest expenses

233

Share issuance costs

1612

Other

45

Total non-operating expenses

2352

7,079

8,922

Gain on sale of non-current assets

40

Total extraordinary income

40

Loss on sale and retirement of non-current assets

636

Loss on valuation of investment securities

3-

Non-operating expenses

Ordinary profit
Extraordinary income

Extraordinary losses

Loss on valuation of golf club membership

-

71043

Profit before income taxes

7,073

8,878

Income taxes - current

2,585

3,265

Income taxes - deferred

62237

Total income taxes

2,648

3,502

Profit

4,425

5,376

Loss attributable to non-controlling interests(966)(1,544)

Profit attributable to owners of parent

5,392

6,920

Total extraordinary losses―4―Consolidated Statements of Comprehensive Income
Millions of yen（Amounts less than one million yen are truncated）
FY2021(from January 1, 2021
to December 31, 2021)
ProfitFY2022(from January 1, 2022
to December 31, 2022)

4,425

5,376

Valuation difference on available-for-sale securities

(49)

37

Foreign currency translation adjustment

748

1,207

Remeasurements of defined benefit plans, net of tax

768

307

1,466

1,552

5,8926,928

Comprehensive income attributable to owners of parent

6,859

8,472

Comprehensive income attributable to non-controlling interests(966)(1,544)

Other comprehensive income

Total other comprehensive income
Comprehensive income
Comprehensive income attributable to―5―

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'equity

Treasuryshares

85,148(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 ofother
definedcomprehensiv
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)

748768

1,466

600

2,067

(49)

748

768

1,466

600

5,268

319

730

(1,231)

(181)

2,680

102,898―6―

Consolidated Statements of Shareholders' Equity
FY2022 (from January 1, 2022 to December 31, 2022)

Millions of yen（Amounts less than one million yen are truncated）
Shareholders' Equity
Capitalstock
Balance at beginning of period

Capitalsurplus

4,969

Retainedearnings

9,435

Total
shareholders'equity

Treasuryshares

88,497(2,503)

100,399

Changes during period
Dividends of surplus(2,247)(2,247)

Profit attributable to owners of parent

6,920

6,920

Purchase of treasury shares
Disposal of treasury shares(2)

Transfer from retained earnings to capital surplus

2(0)

(0)

2118―

(2)

1,173

Capital increase of consolidated subsidiaries

1,173
―

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

―

1,173

4,669

20

5,864

4,969

10,60993,167(2,482)

106,263

Accumulated other comprehensive income

Valuationdifference on
available-forsale securities

Balance at beginning of period319

Foreigncurrencytranslationadjustment

Total
Remeasurem
accumulated
ents ofotherdefinedcomprehensiv
benefit planse income

730(1,231)(181)

Noncontrollinginterests

2,680

Total
net assets

102,898

Changes during period
Dividends of surplus―(2,247)

Profit attributable to owners of parent

―

6,920

Purchase of treasury shares―(0)

Disposal of treasury shares―

18

Transfer from retained earnings to capital surplus――

Capital increase of consolidated subsidiaries

―

1,173

Net changes in items other than shareholders' equity
Total changes during period
Balance at end of period37

1,207

307

1,552

981

2,533

37

1,207

307

1,552

981

8,398

356

1,938

(924)

1,370

3,662

111,296―7―

Consolidated Statements of Cash Flows
Millions of yen（Amounts less than one million yen are truncated）
FY2021(from January 1, 2021
to December 31, 2021)

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

Profit before income taxes

7,073

8,878

Depreciation

3,248

3,653

Increase (decrease) in provision for bonuses

(10)

(19)

Increase (decrease) in provision for bonuses for directors (and other officers)

4220Increase (decrease) in provision for loss on orders received

(10)

457

Increase (decrease) in retirement benefit liability

(931)

572

Decrease (increase) in retirement benefit asset-(2,138)

Cash flows from operating activities

Interest and dividend income

(93)

(112)

Interest expenses

233

Loss (gain) on sale and retirement of property, plant and equipment

236

Loss (gain) on sale and valuation of investment securities

3-

Decrease (increase) in trade receivables(2,050)(3,253)

Decrease (increase) in inventories(4,994)(3,076)

Increase (decrease) in trade payables

1,963

345

Other, net(253)1,923

Subtotal

3,992

7,322

Interest and dividends received

102

110

Interest paid

(2)

(33)

Income taxes paid

(1,348)(3,235)

Net cash provided by (used in) operating activities

2,744

4,163

(5,535)(5,002)

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment

510

Purchase of intangible assets

(214)

(332)

Purchase of investment securities

(59)

(2)

-(3,000)

Proceeds from collection of loans receivable2,000

3,000

Payments into time deposits(1,320)-Loan advances

Proceeds from withdrawal of time deposits

200-

Other, net

(60)

(164)

(4,984)(5,490)Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from long-term borrowings

1,100--300

Dividends paid

(2,046)(2,248)Proceeds from share issuance to non-controlling shareholders

1,400

3,700-(51)

Proceeds from issuance of bonds

Repayments of lease liabilities
Other, net

1820

Net cash provided by (used in) financing activities471

1,720

441744

Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents(1,327)

1,138

Cash and cash equivalents at beginning of period

23,533

22,206

Cash and cash equivalents at end of period

22,20623,344―8―