The annual turnover
Canon, Inc. reports financial results for the quarter ended June 30, 2016.
We analyze the earnings along side the following peers of Canon, Inc. – Xerox Corporation, Fujifilm Holdings Corporation Unsponsored ADR and Kyocera Corporation Sponsored ADR (XRX-US, FUJIY-US and KYO-US) that have also reported for this period.
Highlights
- Summary numbers: Revenues of USD 7,971.54 million, Net Earnings of USD 495.28 million.
- Gross margins narrowed from 51.70% to 50.26% compared to the same period last year, operating (EBITDA) margins now 15.20% from 17.68%.
- Narrowing of operating margins contributed to decline in earnings.
The table below shows the preliminary results and recent trends for key metrics suchas revenues and net income growth