Canon Marketing Japan (8060), sharply lower on negative reaction to unchanged full-year earnings forecast (FISCO)

Canon Marketing Japan announced its third-quarter results. Operating profit for July–September was ¥14.4 billion, up 32.6% year on year, while its full-year forecast remained unchanged at ¥63.0 billion.</standfirst_ja

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The story

Canon Marketing Japan (Canon MJ) announced its third-quarter results, reporting operating profit of ¥14.4 billion for July–September, up 32.6% year on year. This is seen as approximately ¥1.0 billion above market expectations.

Meanwhile, the full-year forecast was left unchanged at ¥63.0 billion, an 8.3% increase from the previous fiscal year, and is widely viewed as below consensus. Although the forecast has also been described as conservative, some investors have viewed leaving it unchanged negatively in light of the recent pace of growth.

At a glance

Fiscal Year-EndThird-quarter earnings announcement

ProfitOperating profit of ¥14.4 billion for July–September, up 32.6% year on year

Full yearFull-year forecast unchanged at ¥63.0 billion

RatingResults may have been expected to beat, rather than merely meet, market expectations

Market reactionNegative interpretations of the unchanged forecast prevailed

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