Introduction of blue chip companies (Canon)

Today I will talk about representative blue chip income stocks.

 

7751 Canon

 

Company Profile

A worldwide company for video equipment such as cameras, office equipment such as printers.

Canon is the highest camera market share in the world.

It is also listed on the New York Stock Exchange.

The company expanded its commercial operations through acquired network cameras, medical equipment company and is aggressive in acquiring new businesses.  

 

3,538 (7/24 last closing price)    The latest stock price ← click here

 

The final month of the settlement: Dec  

Dividend yield 4.52% 

PER 13.64  PBR 1.39

 

Equity ratio 55.2% (the standard figure of manufacturing industry 45-60%)

Transition of business results

 

Net sales

Operating profit

Net profit

Net profit per share

dividend

Dividend payout ratio

2015.12

3,800,271

355,210

220,209

202

150

74%

2016.12

3,401,487

228,866

150,650

138

150

109%

2017.12

4,080,015

331,479

241,923

223

160

72%

2018.12

4,300,000

404,000

280,000

259

160

62%

※Unit of sales, operating profit, net income is one-million yen

※The figure of 2018.12 is the predicted value 

Cash flow statement

2017.12

2016.12

CF operating activities

5,095

5,002

CF investing activities

1,650

8,371

CF financing activities

3,404

3,556

Last quarter(2016.12), because of a large acquisition, CF of financial activities was positive

and CF of investment activities was a negative increase.

 

Anxious points

· Since overseas sales have reached 80%, it tends to be affected by foreign exchange fluctuations.

(Assuming one dollar is equal to 107 yen for the current fiscal year)

· The payout ratio is too high. (However, this company never reduces or cancels payments)

Note: You should be responsible for your own investment. Please make your own final judgment.