The OEM saw net sales and gross and operating profit increase in the last quarter.
Canon’s 3Q2013 report showcased the OEM’s results for the quarter, which saw a “second consecutive quarter of growth in both net sales and profits”, as well as a maintenance and improvement on market share, which Canon stated was due to “the launch of new products that take advantage of [our] technological strengths”.
In terms of net sales, Canon saw a 14.2 percent increase from the previous year to ¥913.1 billion ($9.3 billion/€ 6.7 billion), with gross profit – as a 49 percent share of sales – seeing a growth of 15.6 percent to ¥447.1 billion ($4.5 billion/€3.3 billion). Operating profit – with 9.9 percent of sales – saw the most growth compared to 3Q2012, with 27.8 percent giving a total of ¥90.6 billion ($930.5 million/€674.1 million), whilst net income – 6.4 percent of sales – saw a 17.3 percent rise to ¥58.8 billion ($603.9 million/€437.5 million).
The OEM’s Office business – incorporating copiers, printers and consumables – saw colour copiers up nine percent and colour printers up 31 percent, with monochrome copiers down seven percent but printers up 22 percent. In total, copiers saw a decline of two percent, whilst printers saw an increase of 24 percent, with colour divided along value (including consumables) and unit base lines. In terms of value, copiers hold 54 percent share to printers’ 46 percent, whilst unit base copiers held 36 percent to printers’ 15 percent.
The OEM noted in turn, in a number of key points pertaining to the results to come for the whole year, that “uncertainty towards year-end selling season” would be due to “expectations that economic situations in Europe and emerging markets such as China will remain challenging”. Its aims for the year and beyond are to “firmly secure sales and profit growth”; “execute product and regionally-tailored sales strategies”; “continue efforts to reduce costs and expense”; and “promote measure[s] that emphasise profitability to maintain sound financial condition”.
The results come as many OEMs and other businesses declare their statistics and findings from the third quarter, with Lexmark reporting its results yesterday.