CANON INC.
7751・Prime Market・Electric Appliances
Printing Business Unit
Canon's largest revenue base, comprising the printing and multifunction device business segment
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales to external customers (FY2026 Q1) | ¥609,157 million | ¥609,559 million (FY2025 Q1) | — |
| Total segment sales (FY2026 Q1) | ¥610,504 million | ¥610,965 million (FY2025 Q1) | — |
| Operating profit (FY2026 Q1) | ¥59,873 million | ¥73,059 million (FY2025 Q1) | ↓ |
| Gross profit (FY2026 Q1) | ¥271,889 million | ¥280,600 million (FY2025 Q1) | ↓ |
| R&D expenses (FY2026 Q1) | ¥22,142 million | ¥23,365 million (FY2025 Q1) | ↓ |
| Capital expenditures (FY2026 Q1) | ¥15,303 million | ¥16,134 million (FY2025 Q1) | ↓ |
| Depreciation and amortization (FY2026 Q1) | ¥14,540 million | ¥14,409 million (FY2025 Q1) | ↑ |
| Income before income taxes for the quarter (FY2026 Q1) | ¥65,250 million | ¥78,117 million (FY2025 Q1) | ↓ |
| Share of consolidated net sales (FY2026 Q1) | 55.8% | 57.7% (FY2025 Q1) | ↓ |
Business Details
A core segment accounting for approximately 55.8% of consolidated net sales, offering digital continuous-feed printers, office multifunction devices, laser printers, inkjet printers, and other products. Primary customers are in the office, commercial printing, and industrial printing markets. The segment holds both electrophotographic and inkjet technologies, and has built a revenue model combining equipment sales with Document Solutions and Maintenance Services. It also supplies major customers including HP Inc.
Recent Overview
Net sales were roughly flat, but operating profit declined 18.0% year on year due to rising costs
In the first quarter of the fiscal year ending December 2026, Printing segment net sales were ¥610,504 million (down 0.1% year on year), remaining roughly flat. Meanwhile, cost of sales rose to ¥338,615 million (up 2.5% year on year), causing gross profit to decline to ¥271,889 million (down 3.1%). Other operating expenses also increased to ¥189,874 million (up 3.1%), resulting in a sharp decline in operating profit to ¥59,873 million (down 18.0%). Note that the change in depreciation method from the declining-balance method to the straight-line method (effective January 1, 2026) has increased depreciation and amortization expenses across the segment compared with the same period of the prior year.
Key Products
Growth Drivers
- Cost reduction and profitability improvement through production structure reform under Phase VII (consolidation of underutilized sites and greater use of outsourcing)
- Recovery in office multifunction device sales driven by the launch of flagship models in the new imageFORCE series
- Expansion of sales channels in the commercial and industrial printing markets through OEM supply to Heidelberger Druckmaschinen AG
- Continued solid sales of inkjet printers, centered on large-tank models
- Creation of new service revenue through the enhancement of AI-driven smart service systems
Risks
- Sluggish demand for office multifunction devices and production equipment due to the continued tendency to postpone investment in the U.S. and European markets
- Structural contraction of the laser printer market, particularly in Europe and China
- Cost increases and market slowdown impacts from additional U.S. tariffs
- Medium- to long-term decline in printing demand due to the progress of paperless initiatives
- Deterioration in profitability due to a rise in the cost of sales ratio (55.5% in FY2026 Q1 versus 54.1% in the same period of the prior year)
- Decline in operating margin due to an increase in other operating expenses (up 3.1% year on year)
Last updated: March 25, 2026