Canon Electronics Inc.
Semi-Annual Report 2024(Unaudited)
Consolidated Financial Highlights
Millions of yen（Amounts less than one million yen are truncated）
Six months of FY2023(from January 1, 2023
to June 30, 2023)

Six months of FY2024(from January 1, 2024
to June 30, 2024)

Net sales
Component

28,657

27,596

Electronic Information Appliance

14,177

14,318

Other

5,654

5,808

Total

48,48947,723

Profit attributable to owners of parent

3,134

3,571

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

Six months of FY2024(from January 1, 2024
to June 30, 2024)

Basic earnings per share

76.68 yen

87.36 yen

Diluted earnings per share――

Millions of yen（Amounts less than one million yen are truncated）
As of December 31, 2023

As of June 30, 2024

Total assets

131,145

138,527

Net assets

113,845

118,095―1―

Consolidated Balance Sheets
Millions of yen（Amounts less than one million yen are truncated）
As of December 31, 2023

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets
Investments in leases
Merchandise and finished goodsWork 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, net
Land
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Deferred tax assets
Retirement benefit asset
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets―2―

As of June 30, 2024

27,48323,862160
1,870
11,715206
22,000967
88,26632,74324,981945
2,489
11,586203
22,0001,077
96,027

11,632
2,075
3,395
15,31317669
33,104
1,433

11,434
2,186
3,368
15,32418526
32,859
1,454

2,481
937
365
3,745
810
(0)
8,340
42,878131,145

2,664
377
380
3,853
909
(0)
8,186
42,500138,527

Consolidated Balance Sheets
Millions of yen（Amounts less than one million yen are truncated）
As of December 31, 2023

Liabilities
Current liabilitiesAccounts 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
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, 2024

9,660
741
65
1,369
1,129
419
80
18
2,045
15,531

12,162
703
292
1,400
1,176
427
23
21
1,850
18,057

107
50
181
1,428
0
1,768
17,299

667
77
181
1,447
0
2,374
20,431

4,969
10,60997,283(2,459)110,403

4,969
10,617
99,629(2,435)
112,780

643
2,662
(15)
3,289
153
113,845
131,145

812
4,362
(20)
5,153
161
118,095
138,527

Consolidated Statements of Income
Millions of yen（Amounts less than one million yen are truncated）
Six months of FY2023(from January 1, 2023
to June 30, 2023)

Six months of FY2024(from January 1, 2024
to June 30, 2024)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit

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

47,72338,1259,598
4,785
4,813

Non-operating income
Interest and dividend income
Subsidy income
Foreign exchange gains
Other
Total non-operating income

50647
617
141,330571561715706

Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
Other
Total non-operating expenses
Ordinary profit

23226
3,784

1963
3968
4,551

42
6402
123
027554Extraordinary losses
Loss on sale and retirement of non-current assets
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes

1818
3,772

2294297
4,809

Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

1,062
168
1,231
2,540(593)
3,134

1,298
(69)
1,228
3,580
8
3,571

Extraordinary income
Gain on change in equity
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on sale of golf club membership
Total extraordinary income―4―

Consolidated Statements of Comprehensive Income
Millions of yen（Amounts less than one million yen are truncated）
Six months of FY2023(from January 1, 2023
to June 30, 2023)
ProfitSix months of FY2024(from January 1, 2024
to June 30, 2024)

2,540

3,580

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

168

169

Foreign currency translation adjustment

962

1,700

Remeasurements of defined benefit plans, net of tax

28(5)

1,160

1,864

3,701

5,445

Comprehensive income attributable to owners of parent

4,295

5,436

Comprehensive income attributable to non-controlling interests(593)8

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

Consolidated Statements of Cash Flows
Millions of yen（Amounts less than one million yen are truncated）
Six months of FY2023(from January 1, 2023
to June 30, 2023)

Six months of FY2024(from January 1, 2024
to June 30, 2024)

Cash flows from operating activities
Profit before income taxes

3,772

4,809

Depreciation

1,811

1,432

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

9(6)

(62)

(57)

Increase (decrease) in provision for loss on orders received

176

2

Increase (decrease) in retirement benefit liability

(29)

(7)

Decrease (increase) in retirement benefit asset

(299)

(108)

Interest and dividend income

(50)

(57)

Interest expenses

23

1-

963-

(402)

14

(121)

Share of loss (profit) of entities accounted for using equity method
Loss (gain) on change in equity
Loss (gain) on sale and retirement of property, plant and equipment
Loss (gain) on sale and valuation of investment securities-293

Decrease (increase) in trade receivables

4,503

(779)

Decrease (increase) in inventories(1,907)(325)

Increase (decrease) in trade payables
Other, net

28(497)

2,245
(337)

Subtotal

7,492

7,543

Interest and dividends received

82

81Interest paid
Income taxes paid

(23)
(2,013)(1)(1,326)

Net cash provided by (used in) operating activities

5,538

6,297

(1,813)(1,003)

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

5212

Purchase of intangible assets

(95)

(64)

Purchase of investment securities

(1)

(268)

(194)

1020(2,098)(1,093)(1,228)(1,224)(27)
23

31(1,231)(1,192)

472

1,249

Proceeds from sale of investment securities
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Dividends paid
Repayments of lease liabilities
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

2,679

5,260

Cash and cash equivalents at beginning of period

23,344

27,183

Cash and cash equivalents at end of period

26,02432,443―6―