Canon Electronics Inc.
Semi-Annual Report 2023(Unaudited)
Consolidated Financial Highlights
Millions of yen（Amounts less than one million yen are truncated）
Six months of FY2022(from January 1, 2022
to June 30, 2022)

Six months of FY2023(from January 1, 2023
to June 30, 2023)

Net sales
Component

26,15028,657

Electronic Information Appliance

14,44014,177

Other

4,871

5,654

Total

45,462

48,489Profit attributable to owners of parent

2,855

3,134

Six months of FY2022(from January 1, 2022
to June 30, 2022)

Six months of FY2023(from January 1, 2023
to June 30, 2023)

Basic earnings per share

69.87 yen

76.68 yen

Diluted earnings per share――

Millions of yen（Amounts less than one million yen are truncated）
As of December 31, 2022

As of June 30, 2023

Total assets

137,493

137,985

Net assets

111,296

113,794―1―

Consolidated Quarterly Balance Sheets
Millions of yen（Amounts less than one million yen are truncated）
As of December 31, 2022

AssetsCurrent assets
Cash and deposits
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, netMachinery, equipment and vehicles, netTools, furniture and fixtures, netLand
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets―2―As of June 30, 2023

24,76427,317161
2,759
11,747191
20,0001,951
88,89327,444
23,226111
3,010
13,619190
20,0002,066
89,67014,8972,300
4,060
18,600630
644
41,134
1,634

14,6582,450
3,726
18,601
620
422
40,480
1,612

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

2,303
672
2,437
809
(0)
6,222
48,315
137,985

Consolidated Quarterly Balance Sheets
Millions of yen（Amounts less than one million yen are truncated）
As of December 31, 2022

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
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Lease liabilities
Deferred tax liabilities
Provision for retirement benefits for directors (and other officers)
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earningsTreasury 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 June 30, 2023

12,013
748
148
1,301
2,036
420
84
472
3,072
20,29812,049
949
118
1,232
1,051
438
22
649
1,835
18,345

300
3,200
684
37
200
1,475
0
5,898
26,196

300
3,200
638
51
181
1,465
7
5,845
24,191

4,969
10,60993,167(2,482)
106,263

4,969
10,60995,075(2,458)108,195356
1,938(924)
1,370
3,662
111,296
137,493525
2,901(895)
2,530
3,068
113,794
137,985

Consolidated Quarterly Statements of Income
Millions of yen（Amounts less than one million yen are truncated）
Six months of FY2022(from January 1, 2022
to June 30, 2022)
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 gainsOther
Total non-operating income
Non-operating expenses
Interest expenses
Share issuance costs
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of golf membership
Total extraordinary income
Extraordinary losses
Loss on sale and retirement of non-current assets
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―

Six months of FY2023(from January 1, 2023
to June 30, 2023)

45,46236,815
8,646
6,050
2,596

48,48939,903
8,585
6,106
2,479

63
23
1,050
25
1,163

50
647
617
14
1,330

17
1
3
21
3,737

23
2
26
3,784

0
0

4
2
6

7
7
3,730
1,158
258
1,417
2,313(541)
2,855

18
18
3,772
1,062
168
1,231
2,540(593)3,134Consolidated Quarterly Statements of Comprehensive Income
Millions of yen（Amounts less than one million yen are truncated）
Six months of FY2022(from January 1, 2022
to June 30, 2022)
ProfitSix months of FY2023(from January 1, 2023
to June 30, 2023)

2,313

2,540

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

(22)

168

1,479962

93

28

1,550

1,160

3,863

3,701

Comprehensive income attributable to owners of parent

4,405

4,295

Comprehensive income attributable to non-controlling interests

(541)

(593)

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to―5―

Consolidated Quarterly Statements of Cash FlowsMillions of yen（Amounts less than one million yen are truncated）
Six months of FY2022(from January 1, 2022
to June 30, 2022)
Cash flows from operating activities
Profit before income taxes

Six months of FY2023(from January 1, 2023
to June 30, 2023)

3,730

3,772

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

1,670
(10)
(36)

1,811
9(62)

Increase (decrease) in provision for loss on orders received
Increase (decrease) in retirement benefit liability

(3)
(798)

176
(29)

Decrease (increase) in retirement benefit asset
Interest and dividend income

(63)

(299)
(50)

17
7

23
14

Decrease (increase) in trade receivables
Decrease (increase) in inventories(1,784)(2,902)

4,503(1,907)

Increase (decrease) in trade payables

2,127

28

Other, net
Subtotal

812
2,763(497)7,492Interest and dividends received
Interest paid

64
(32)

82
(23)

(1,830)965(2,013)
5,538(3,757)4(153)(1)
3,000(3,000)(60)(3,967)(1,813)
5(95)
(1)
(194)
(2,098)(1,021)(1,228)400(46)20(647)(27)
23(1,231)

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

956(2,693)472
2,679

Cash and cash equivalents at beginning of period

22,20623,344

Cash and cash equivalents at end of period

19,512

26,024

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

Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipmentProceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from collection of loans receivable
Loan advances
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Dividends paid
Proceeds from share issuance to non-controlling shareholders
Repayments of lease liabilities
Other, net
Net cash provided by (used in) financing activities―6―