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Canon Marketing JapanCanon Marketing Japan Inc.8060東証プライム卸売業FY ending Dec 2025, consolidated, J-GAAP

Canon Marketing Japan revenue and profit

Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed +4.0% from the prior year, operating profit +9.5%.

Five-year trend

Revenue¥679.8B
FY ending Dec 2021: ¥552.1B¥552.1BFY ending Dec 2022: ¥588.1B¥588.1BFY ending Dec 2023: ¥609.5B¥609.5BFY ending Dec 2024: ¥653.9B¥653.9BFY ending Dec 2025: ¥679.8B¥679.8BFY21FY22FY23FY24FY25
Operating income¥58.2B
FY ending Dec 2021: ¥39.7B¥39.7BFY ending Dec 2022: ¥49.9B¥49.9BFY ending Dec 2023: ¥52.5B¥52.5BFY ending Dec 2024: ¥53.1B¥53.1BFY ending Dec 2025: ¥58.2B¥58.2BFY21FY22FY23FY24FY25
Operating margin8.6%
FY ending Dec 2021: 7.2%7.2%FY ending Dec 2022: 8.5%8.5%FY ending Dec 2023: 8.6%8.6%FY ending Dec 2024: 8.1%8.1%FY ending Dec 2025: 8.6%8.6%FY21FY22FY23FY24FY25

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin6.1%
Asset turnover1.25×
ROA7.6%
ROA7.6%
Financial leverage1.54×
ROE11.7%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin6.1%
2021: 5.3%5.3%2022: 6.0%6.0%2023: 6.0%6.0%2024: 6.0%6.0%2025: 6.1%6.1%2122232425
Asset turnover1.25×
2021: 1.05×1.05×2022: 1.10×1.10×2023: 1.11×1.11×2024: 1.21×1.21×2025: 1.25×1.25×2122232425
ROA7.6%
2021: 5.6%5.6%2022: 6.6%6.6%2023: 6.6%6.6%2024: 7.3%7.3%2025: 7.6%7.6%2122232425
Financial leverage1.54×
2021: 1.45×1.45×2022: 1.43×1.43×2023: 1.38×1.38×2024: 1.43×1.43×2025: 1.54×1.54×2122232425
ROE11.7%
2021: 8.1%8.1%2022: 9.5%9.5%2023: 9.1%9.1%2024: 10.4%10.4%2025: 11.7%11.7%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20215.3%1.05×5.6%1.45×8.1%
20226.0%1.10×6.6%1.43×9.5%
20236.0%1.11×6.6%1.38×9.1%
20246.0%1.21×7.3%1.43×10.4%
20256.1%1.25×7.6%1.54×11.7%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue12.8%
2020: 15.4%15.4%2021: 15.4%15.4%2022: 14.5%14.5%2023: 14.0%14.0%2024: 13.5%13.5%2025: 12.8%12.8%202122232425
PPE ÷ total assets15.4%
2020: 16.5%16.5%2021: 16.2%16.2%2022: 15.7%15.7%2023: 15.3%15.3%2024: 16.8%16.8%2025: 15.4%15.4%202122232425
Goodwill ÷ parent equity5.7%
2022: 0.1%0.1%2023: 1.2%1.2%2024: 6.5%6.5%2025: 5.7%5.7%202122232425
Goodwill balance¥20.8B
2022: ¥327M¥327M2023: ¥4.87B¥4.87B2024: ¥22.6B¥22.6B2025: ¥20.8B¥20.8B202122232425

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥1.55B
2020: ¥426M¥426M2021: ¥402M¥402M2022: ¥712M¥712M2023: ¥455M¥455M2024: ¥1.25B¥1.25B2025: ¥1.55B¥1.55B202122232425
R&D / revenue0.2%
2020: 0.1%0.1%2021: 0.1%0.1%2022: 0.1%0.1%2023: 0.1%0.1%2024: 0.2%0.2%2025: 0.2%0.2%202122232425
Receivable days—
2020: 71d71d2021: 71d71d202122232425
Payable days41d
2020: 45d45d2021: 47d47d2022: 44d44d2023: 41d41d2024: 41d41d2025: 41d41d202122232425

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue552,085588,132609,473653,919679,799
Cost of revenue361,809388,842404,980443,072462,103
Gross profit190,276199,289204,492210,847217,695
SG&A150,576149,341151,997157,723159,507
Operating income39,69949,94752,49553,12358,188
Pretax income43,09451,52353,05757,14860,630
Income tax13,59815,89616,47317,74419,086
Net income attributable to owners29,42035,55236,49339,31541,458
Operating margin7.2%8.5%8.6%8.1%8.6%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 28%
Property, plant and equipment 15%
Intangibles and goodwill 13%
4%
Other assets 40%

Funding

Trade payables 9%
Other liabilities 18%
Equity 73%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥68B¥84.6B¥89.7B¥110.7B¥160.1B
Total assets¥526.4B¥543.7B¥557.4B¥524.6B¥564.4B
Net assets¥374.7B¥400.4B¥435.5B¥383.7B¥413.8B
Share capital¥73.3B¥73.3B¥73.3B¥73.3B¥73.3B
Trade receivables¥107.4B————
Property, plant and equipment¥85.2B¥85.3B¥85B¥88.1B¥86.8B
Intangible assets excluding goodwill¥6.53B¥6B¥14.2B¥49B¥52B
Goodwill—¥327M¥4.87B¥22.6B¥20.8B
Investment securities¥17.4B¥13.3B¥16.3B¥17.8B¥22B
Current assets¥396.1B¥419.7B¥418.6B¥332.2B¥339.6B
Current liabilities¥107.1B¥108.1B¥110.6B¥123.5B¥125.1B
Trade payables¥46.3B¥47.4B¥45.6B¥50.1B¥52.1B
Short-term borrowings———¥1.1B¥1.1B
Long-term borrowings———¥1.7B¥1.49B
Total liabilities¥151.7B¥143.4B¥121.9B¥140.9B¥150.6B
Non-controlling interests¥727M¥801M¥729M¥849M¥917M
Equity attributable to owners of parent¥362.9B¥387.4B¥410.8B¥347.6B¥361.7B
Retained earnings¥208.8B¥233.4B¥256.9B¥200.9B¥226B
Treasury stock-¥2.09B-¥2.09B-¥2.09B-¥9.3B-¥20.4B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第58期(2025/01/01－2025/12/31)

    ID S100XS8C2026-03-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第57期(2024/01/01－2024/12/31)

    ID S100VG7L2025-03-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第56期(2023/01/01－2023/12/31)

    ID S100T53R2024-03-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第55期(2022/01/01－2022/12/31)

    ID S100QGGJ2023-03-29Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第54期(令和3年1月1日－令和3年12月31日)

    ID S100P6ED2022-09-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第53期(令和2年1月1日－令和2年12月31日)

    ID S100L0O42021-03-26Open

Extracted from XBRL: 55 / Derived from other figures: 1

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