Canon Electronics Inc.
Annual Report 2022(Unaudited)
Consolidated Financial Highlights
Millions of yen
(Amounts less than one million yen are truncated)
FY2021 (from January 1, 2021 to December 31, 2021) | FY2022 (from January 1, 2022 to December 31, 2022) | |
Net sales Component Electronic Information Appliance Other | 45,909 26,199 10,504 | 57,029 29,145 10,331 |
Total | 82,614 | 96,506 |
Profit attributable to owners of parent | 5,392 | 6,920 |
FY2021 (from January 1, 2021 to December 31, 2021) | FY2022 (from January 1, 2022 to December 31, 2022) | |
Basic earnings per share Diluted earnings per share | 131.98yen ― | 169.34yen ― |
Millions of yen
(Amounts less than one million yen are truncated)
As of December 31, 2021 | As of December 31, 2022 | |
Total assets | 126,268 | 137,493 |
Net assets | 102,898 | 111,296 |
As of December 31, 2021 | As of December 31, 2022 | |
Assets | ||
Current assets | ||
Cash and deposits | 23,626 | 24,764 |
Notes and accounts receivable - trade | 23,722 | - |
Notes and accounts receivable - trade, and contract assets | - | 27,317 |
Investments in leases | 333 | 161 |
Merchandise and finished goods | 3,579 | 2,759 |
Work in process | 7,559 | 11,747 |
Raw materials and supplies | 289 | 191 |
Short-term loans receivable | 20,000 | 20,000 |
Other | 2,588 | 1,951 |
Total current assets | 81,699 | 88,893 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 36,235 | 39,783 |
Accumulated depreciation | (23,436) | (24,885) |
Buildings and structures, net | 12,798 | 14,897 |
Machinery, equipment and vehicles | 23,489 | 23,773 |
Accumulated depreciation | (20,869) | (21,473) |
Machinery, equipment and vehicles, net | 2,620 | 2,300 |
Tools, furniture and fixtures | 19,240 | 20,199 |
Accumulated depreciation | (15,304) | (16,138) |
Tools, furniture and fixtures, net | 3,936 | 4,060 |
Land | 18,489 | 18,600 |
Leased assets | 13 | 655 |
Accumulated depreciation | (8) | (25) |
Leased assets, net | 5 | 630 |
Construction in progress | 1,210 | 644 |
Total property, plant and equipment | 39,061 | 41,134 |
Intangible assets | 1,556 | 1,634 |
Investments and other assets | ||
Investment securities | 2,036 | 2,091 |
Deferred tax assets | 1,291 | 916 |
Retirement benefit asset | - | 2,138 |
Other | 622 | 684 |
Allowance for doubtful accounts | (0) | (0) |
Total investments and other assets | 3,950 | 5,830 |
Total non-current assets | 44,569 | 48,599 |
Total assets | 126,268 | 137,493 |
As of December 31, 2021 | As of December 31, 2022 | |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 11,424 | 12,013 |
Electronically recorded obligations - operating | 771 | 748 |
Lease liabilities | 192 | 148 |
Accrued expenses | 1,261 | 1,301 |
Income taxes payable | 2,008 | 2,036 |
Provision for bonuses | 427 | 420 |
Provision for bonuses for directors (and other officers) | 63 | 84 |
Provision for loss on orders received | 14 | 472 |
Other | 2,620 | 3,072 |
Total current liabilities | 18,784 | 20,298 |
Non-current liabilities | ||
Bonds payable | - | 300 |
Long-term borrowings | 3,200 | 3,200 |
Provision for retirement benefits for directors (and other officers) | 200 | 200 |
Retirement benefit liability | 1,019 | 1,475 |
Deferred tax liabilities | 25 | 37 |
Other | 140 | 684 |
Total non-current liabilities | 4,585 | 5,898 |
Total liabilities | 23,370 | 26,196 |
Net assets | ||
Shareholders' equity | ||
Share capital | 4,969 | 4,969 |
Capital surplus | 9,435 | 10,609 |
Retained earnings | 88,497 | 93,167 |
Treasury shares | (2,503) | (2,482) |
Total shareholders' equity | 100,399 | 106,263 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 319 | 356 |
Foreign currency translation adjustment | 730 | 1,938 |
Remeasurements of defined benefit plans | (1,231) | (924) |
Total accumulated other comprehensive income | (181) | 1,370 |
Non-controlling interests | 2,680 | 3,662 |
Total net assets | 102,898 | 111,296 |
Total liabilities and net assets | 126,268 | 137,493 |
Consolidated Statements of Income
Millions of yen
(Amounts less than one million yen are truncated)
FY2021 | FY2022 | |
(from January 1, 2021 | (from January 1, 2022 | |
to December 31, 2021) | to December 31, 2022) | |
Net sales | 82,614 | 96,506 |
Cost of sales | 64,061 | 75,795 |
Gross profit | 18,552 | 20,711 |
Selling, general and administrative expenses | 12,207 | 12,665 |
Operating profit | 6,344 | 8,046 |
Non-operating income | ||
Interest and dividend income | 93 | 112 |
Subsidy income | 142 | 27 |
Foreign exchange gains | 491 | 751 |
Other | 31 | 36 |
Total non-operating income | 758 | 928 |
Non-operating expenses | ||
Interest expenses | 2 | 33 |
Share issuance costs | 16 | 12 |
Other | 4 | 5 |
Total non-operating expenses | 23 | 52 |
Ordinary profit | 7,079 | 8,922 |
Extraordinary income | ||
Gain on sale of non-current assets | 4 | 0 |
Total extraordinary income | 4 | 0 |
Extraordinary losses | ||
Loss on sale and retirement of non-current assets | 6 | 36 |
Loss on valuation of investment securities | 3 | - |
Loss on valuation of golf club membership | - | 7 |
Total extraordinary losses | 10 | 43 |
Profit before income taxes | 7,073 | 8,878 |
Income taxes - current | 2,585 | 3,265 |
Income taxes - deferred | 62 | 237 |
Total income taxes | 2,648 | 3,502 |
Profit | 4,425 | 5,376 |
Loss attributable to non-controlling interests | (966) | (1,544) |
Profit attributable to owners of parent | 5,392 | 6,920 |
Consolidated Statements of Comprehensive Income
Millions of yen
(Amounts less than one million yen are truncated)
FY2021 | FY2022 | |
(from January 1, 2021 | (from January 1, 2022 | |
to December 31, 2021) | to December 31, 2022) | |
Profit | 4,425 | 5,376 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | (49) | 37 |
Foreign currency translation adjustment | 748 | 1,207 |
Remeasurements of defined benefit plans, net of tax | 768 | 307 |
Total other comprehensive income | 1,466 | 1,552 |
Comprehensive income | 5,892 | 6,928 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 6,859 | 8,472 |
Comprehensive income attributable to non-controlling interests | (966) | (1,544) |
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Canon Electronics Inc. published this content on 20 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2023 07:40:04 UTC.