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TYO:7751

7 stories mentioning TYO:7751Updated 11d ago

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Asia

Japan Earnings Wrap: Macnica, Canon, Koei Techmo Slide

Japanese stocks reporting earnings declined on Tuesday, led by electronic devices, imaging products, and video game makers.Macnica's (TYO:3132) shares plummeted 13% after reporting that first-quarter net income soared 114% to 10.9 billion yen or 61.20 yen per share. The electronic device and integrated circuit manufacturer's net sales jumped nearly 40% to 393.4 billion yen.For the full year ending March 31, 2027, the company expects attributable net income of 32 billion yen, net income per share of 179.21 yen and net sales of 1.3 trillion yen.Canon's (TYO:7751) shares fell nearly 6% after disclosing first-half results. Net income attributable to owners of the parent rose 9.8% to 171.2 billion yen for the six months ended June 30. The consumer imaging equipment maker's attributable net income per share rose to 197.36 yen while net sales jumped 3.5% to 2.275 trillion yen.For the full year ending Dec. 31, the company expects attributable net income of 340 billion yen, basic attributable net income per share of 398.51 yen and net sales of 4.8 trillion yen.The company expects to pay a year-end dividend of 80 yen per share for the current fiscal year.Koei Tecmo (TYO:3635) dropped 5% despite registering a sharp jump in fiscal Q1 earnings. Attributable profit jumped 87% to 11.3 billion yen or 33.97 yen per share while net sales gained 17% to 17.4 billion yen.The video game and entertainment company forecasts an attributable profit of 31 billion yen, basic EPS of 95.38 yen and net sales of 90 billion yen.

Nikkei 225TYO:3132TYO:3635TYO:7751
Asia

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

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.

TYO:7751
Asia

Canon H1 Net Profit Up 9.8%

Canon's (TYO:7751) net income attributable to owners of the parent rose 9.8% to 171.18 billion yen for the six months ended June 30 from 155.90 billion yen a year earlier.The consumer imaging equipment maker's attributable net income per share rose to 197.36 yen from 169.06 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales jumped 3.5% to 2.275 trillion yen from 2.199 trillion yen in the year-ago period.For the full year ending Dec. 31, the company expects attributable net income of 340 billion yen, basic attributable net income per share of 398.51 yen and net sales of 4.8 trillion yen.The company expects to pay a year-end dividend of 80 yen per share for the current fiscal year.

TYO:7751
Canon's First-Half Profit Rises 9.8% on Record Sales, Lifts Full-Year Guidance
US Markets

Canon's First-Half Profit Rises 9.8% on Record Sales, Lifts Full-Year Guidance

Camera and printer maker Canon (TYO:7751) reported solid first-half earnings growth despite a softening global market and lingering impacts from U.S. tariffs, according to its earnings release published Monday.Net income attributable to owners rose 9.8% to 171.2 billion yen from 155.9 billion yen a year earlier, while earnings per share jumped 17% year over year to 197.36 yen from 169.06 yen.Operating profit climbed 7.6% to 230.6 billion yen from 214.3 billion yen in the prior year.Net sales rose 3.5% to a record high of 2.275 trillion yen, up from 2.199 trillion yen in the previous year. The topline was driven by continued sales growth in the compact camera and network camera segments, while recovering memory-related demand bolstered revenue in the semiconductor lithography equipment division.The company noted that geopolitical tensions in the Middle East triggered higher supply chain and logistics costs, which are expected to add 6 billion yen in expenses by the end of the year. However, this pressure was offset by the depreciation of the yen and a 37.5 billion yen refund related to additional U.S. tariffs.Looking ahead to the full year, Canon revised its earnings guidance, now expecting net income to grow 2.4% year over year to 340 billion yen, up from its previous 333 billion yuan projection.Net sales are forecast to climb 3.8% to 4.8 trillion yen, also upgraded from its previous outlook of 4.765 trillion yen.Canon's shares closed up 5% in Tokyo trading on Monday.

TYO:7751
Asia

Market Chatter: Canon to Close Printer Plant in Philippines as Demand Weakens

Canon (TYO:7751) will shut its laser printer factory in the Philippines in June as declining global demand for office printers weighs on the business, Nikkei reported Tuesday.The plant near Manila, operational since 2013, employs about 1,400 people. Canon said workers affected by the closure will receive compensation and support for re-employment, according to the report.The move will end Canon's manufacturing presence in the Philippines. The company said it does not plan to transfer the factory's production elsewhere, citing limited prospects for recovery in the laser printer market, the report said.Canon has been streamlining printer operations as paperless work trends accelerate and competition from Chinese manufacturers grows. The company closed a printer facility in China last year as part of the restructuring, according to the report.In its current business plan, Canon said it aims to consolidate overseas printer production sites by 2028, including reducing workforce levels and factory space, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:7751
Asia

Eprint Unit Enters Lease Agreement for Machinery, Equipment

Eprint Group's (HKG:1884) Promise Network Printing entered into a HK$3.4 million agreement to lease machinery and equipment from Canon Hongkong.The term of the lease begins June 2026 and ends May 2028, the Hong Kong-listed printing services group said in a Monday filing.Canon Hongkong is a subsidiary of office products maker Canon Inc (TYO:7751).

HKG:1884TYO:7751
Asia

Canon's Profit Falls 33% in Fiscal Q1

Canon's (TYO:7751) profit attributable to owners of the parent fell 33% to 48.3 billion yen in the fiscal first quarter from 72.2 billion yen a year earlier.The photographic and digital imaging company's earnings per share declined to 55.16 yen from 77.22 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales rose 3.3% to 1.0934 trillion yen for the three months ended March 31 from 1.0584 trillion yen in the prior year.For the full year ending Dec. 31, the company expects attributable profit of 333 billion yen, EPS of 388.10 yen, and net sales of 4.765 trillion yen.Canon plans to pay interim and year-end dividends of 80 yen per share, each, for the current fiscal year, which is the same amount paid in the year-ago period.

TYO:7751

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