Canon’s Laser Printer Sees Robust Increase in Q4/FY14

Canon releases its fourth quarter and fiscal year financial report in 2014.

Its quarterly net sales reached ￥1,059.9 billion (US$9.2 billion), up 2.4% year on year (YOY). The operation profit totaled ￥98.5 billion (US$0.86 billion), increasing 5.3% YOY. Net income grew 6% YOY to ￥68.1 billion (US$0.59 billion).

In the fiscal year 2014, Canon’s net sales slightly decreased by 0.1% to ￥3,727.3 billion (US$35.1 billion). Excluding the net sales, Canon’s full-year performance exceled in the following area: the operation profit summed up with ￥363.5 billion (US$3.42 billion), going up 7.8% YOY; the net income also realized a good record of ￥254.8 billion (US$2.4 billion), significantly rising by 10.5% YOY.

Stimulated by the healthy demand, the office multifunction devices (MFDs) and laser printers continuously maintained solid growth in Q4/FY14. On the other hand, the demand for monochrome models in European and other markets decreased due to the economic sluggishness. According to Canon, the detailed unit base shown as below:

Regarding to the sales report of MFDs, here are the highlights of MFDs’ sales in Q4/FY14:

• In the fourth quarter, the total sales of monochrome copiers, printers, color copiers and other MFDs reached ￥565 billion (US$4.92 billion), up 8.2% YOY. In particular, laser printer’s sales went up by 10.7% YOY.
• In the fiscal year’s performance, the total sales of monochrome copiers, printers, color copiers and other MFDs reached ￥2,079 billion (US$19.58 billion) , up 3.9% YOY. For the laser printer, the sales increased by 2.4% YOY.

Despite the inkjet’s unit base increased by 5% in the fourth quarter, it still declined by 4% based on the full-year performance. The sales results also decreased by 3.4% to ￥402 billion (US$3.5 billion) in the fourth quarter and decreased by 7.3% to 1,343 billion (US$12.65 billion) based on the whole year.

In the 2015 projection, it is expected that the U.S. economy will maintain its steady growth while the European economy continues to slow down. Looking at Asia area, China’s expected to shift from high economic growth toward a period of stable growth; Japan will also enjoy a recovery as a result of an improvement in employment conditions. Based on the above considerations, Canon projects the 2015 financial outlook as below: net sales in 2015 of ￥3,900 billion (US$32.5 billion), increase of 4.6% YOY; operation profit of ￥380 billion (US$3.17 billion), increase of 4.5% YOY; income before income taxes of ￥390 billion (US$3.25 billion), increase of 1.8% YOY; net income attributable to Canon Inc. of ￥260 billion (US$2.17 billion), increase of 2.0% YOY.

Source: canon

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