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Japanese maker of cameras, printers/copiers, and semiconductor lithography and medical-imaging equipment.
Japanese maker of cameras, printers/copiers, and semiconductor lithography and medical-imaging equipment.
Sells printers and copiers at modest prices and then earns repeatedly from the toner, ink and service contracts that follow, so each installed device brings years of consumable sales. Canon Medical came from the 2016 purchase of Toshiba's medical-equipment business, and Axis network cameras from a 2015 deal, building businesses beyond office and consumer products.
In one line: A camera-and-printer-focused HP/Nikon hybrid.
Moat: narrow (brand, installed base, IP / patents). Strong camera/lens brand and printer installed base with recurring consumables; digital disruption pressures both.
Headquarters: Tokyo, Japan · Founded: 1937 · Employees: 165,547
Size Canon (7751.T) is a Japan Information Technology company (Computer Peripherals) with a market value of $28.4B, the 55th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,645 on 6 Nov 2026.
Performance Over six months the shares gained 18.1%, against -1.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 12 in its peer set.
Growth Revenue grew 3.9% over the last twelve months (peer median +24.7%); the operating margin is 10.1% (peer median 26.0%).
Valuation It trades at 12.2× forward earnings against a peer median of 16.8× (5th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.6 points above its cost of capital (5.9% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥4.76T | ¥4.62T | ¥4.51T | ¥4.18T | ¥4.03T |
| Revenue growth | — | +3% | +8% | +4% | — |
| Gross profit | ¥2.28T | ¥2.16T | ¥2.14T | ¥1.97T | ¥1.83T |
| EBITDA | ¥719B | ¥693B | ¥680B | ¥614B | ¥580B |
| Net income | ¥359B | ¥332B | ¥160B | ¥265B | ¥244B |
| Free cash flow | ¥157B | ¥214B | ¥370B | ¥221B | ¥74.1B |
| Capital expenditure | ¥267B | ¥262B | ¥237B | ¥230B | ¥189B |
| Total debt | ¥1.44T | ¥946B | ¥664B | ¥517B | ¥417B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Canon 7751.T | $28.4B | +18% | +4% | 10% | 12.2× | -0.6% |
| Nikon 7731.T | $3.17B | -12% | -4% | -2% | 45.4× | n/a |
| Sony 6758.T | $156B | +33% | +1% | 13% | 18.7× | 3.4% |
| HP Inc. HPQ | $25.7B | +27% | +9% | 7% | 9.5× | -7.0% |
| Ricoh 7752.T | $6.06B | +28% | +5% | 3% | 13.6× | -1.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 7751.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | -27.5% | highest of 12 |
| 6-month return | +18.1% | -1.6% | 3rd highest of 12 |
| Distance from 52-week high | -6.5% | -39.6% | highest of 12 |
| Revenue growth (TTM) | +3.9% | +24.7% | 2nd lowest of 12 |
| Operating margin | 10.1% | 26.0% | 4th lowest of 12 |
| Forward P/E | 12.2× | 16.8× | 5th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -0.6% | 22.1% | 2nd least demanding of 8 |
| Growth delivered (Del g) | +7.9% | +3.8% | 4th highest of 8 |
| Hurdle (Req g minus delivered) | -8.5 pp | +17.2 pp | least demanding of 8 |
| ROIC minus cost of capital | +1.6 pp | +16.3 pp | 2nd lowest of 11 |
| EV / EBITDA | 7.5× | 15.6× | cheapest of 8 |
| Net debt / EBITDA | 1.0× | -0.7× | most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Canon 7751.T | Japan | $28.4B | +18% | +4% | 10% | 12.2× | -0.6% | +7.9% |
| Everpure P | United States | $32.2B | +24% | +27% | 5% | 29.6× | 58.7% | +16.8% |
| NetApp NTAP | United States | $33.2B | +43% | +12% | 26% | 17.0× | 15.2% | +3.8% |
| Jentech Precision Industrial 3653.TW | Taiwan | $23.1B | +9% | +28% | 33% | 48.3× | 32.5% | +24.3% |
| Lite-on Technology 2301.TW | Taiwan | $13.2B | +16% | +24% | 13% | 13.8× | n/a | n/a |
| Logitech International LOGN.SW | Switzerland | $13.2B | -1% | -1% | 18% | 16.8× | -5.7% | -4.3% |
| Unisplendour 000938.SZ | China | $10.4B | -24% | +25% | 3% | 21.8× | n/a | n/a |
| Biwin Storage Technology 688525.SS | China | $8.99B | -52% | +221% | 41% | 5.0× | n/a | n/a |
| Hubei Dinglong 300054.SZ | China | $8.79B | -2% | +7% | 30% | 51.4× | 32.2% | +15.0% |
| Hon Hai Precision Industry 2317.TW | Taiwan | $95.6B | -3% | +25% | 4% | 10.5× | n/a | n/a |
| Western Digital WDC | United States | $98.7B | -45% | +21% | 41% | 9.2× | 20.7% | -5.3% |
| Seagate Technology STX | United States | $106B | -41% | +44% | 40% | 9.8× | 22.1% | +2.7% |