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Canon Recognizes Non-Consolidated Loss of 99.9 Billion Yen Following Restructuring

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Canon (TYO:7751) recognized a non-consolidated loss of 99.9 billion yen in the second quarter following an internal reorganization, according to a Monday filing with the Tokyo Exchange.

The loss represents the difference between the net assets transferred from medical arm Canon Medical Systems and the book value of the shares of the subsidiary held by the parent company, Canon said.

The amount will not impact Canon's consolidated financial performance or profitability for the year through Dec. 31, 2026 as the loss will be removed from the consolidated financial statements.

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Canon Recognizes Non-Consolidated Loss of 99.9 Billion Yen Following Restructuring | FINWIRES