Canon Printing Business Sees Higher Q2 Profit Amid Lower Sales

Canon Printing Business Sees Higher Q2 Profit Amid Lower Sales

Canon announced its financial results for the second quarter of 2025, highlighting stable overall performance despite currency headwinds and geopolitical uncertainties. While the company saw growth in several segments, its printing-related business recorded a decline in sales compared to the same period last year, though profitability improved due to structural reforms.

Canon’s second-quarter sales fell by 2.4% to JP￥  1.14 trillion (US$ 7.75 billion). Operating profit remained flat at JP￥ 117.8 billion (US$ 0.8 billion), while net income dropped 6.9% to JP￥ 83.7 billion (US$ 0.57 billion), partly due to revaluation losses on foreign currency receivables. However, on a local currency basis, sales rose by 2% and operating profit increased nearly 20%, driven by higher sales volumes and last year’s sales structural reforms. As a result, the operating profit ratio improved by 0.2 points year-on-year to 10.3%.

Canon’s printing business recorded a 6.7% decline in second-quarter sales compared to the previous year, primarily due to differences in the timing of major commercial printing deals. However, profitability improved to 12.6%, higher than last year, driven by the positive effects of sales structural reforms implemented previously, which lowered costs and enhanced operational efficiency. Within the segment:

• Commercial Printing sales fell due to the timing of large deals, but Canon advanced its supply of products to HEIDELBERG, a leading offset printing equipment company, and saw increased sales of its varioPRINT iX3200 cut-sheet printer for the B3 segment.
• Office Printing sales were stable year-on-year. The company expanded its installed base (MIF) of color models, which helped stabilize service revenue.
• Laser Printers recorded lower sales compared to the same period last year, when the business benefited from recovery following shipment adjustments in the first quarter. However, first-half sales overall were higher.
• Inkjet Printers achieved increased sales as Canon’s lineup of refillable ink tank models, completed last year, continued to gain traction in the market.

For the full year, Canon expects a lower printing sales yet aims to achieve a higher operating profit ratio, mainly by launching commercial products in untapped segments, harnessing the market share of MFP with new imageFORCE models, and penetrating inkjet printer market with refillable ink tanks.

Related:

• Canon Expands A3 imageFORCE Portfolio with C5100 and 6100
• Canon Print Assistant Enhances Windows Printing Experience
• Canon Unveils Desktop Large-Format Printers TC-5210/TC-5210 M
• Canon Announces Industry’s First HarmonyOS-Compatible Printers
• Canon Expands imageFORCE Range to Power Transformation

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