Canon Statistics: Revenue, Employees, and Market Share

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Quick Summary

The following Canon data was updated in 2022 and reflects Canon’s performance in 2021.

FeatureData
CompanyCanon Inc.
FoundedAugust 10, 1937 (84 years ago) in Tokyo, Japan under the name “Seikikōgaku kenkyūsho”
Annual revenue$31.97 billion (2021)
Imaging revenue$5.94 billion (2021)
Gross profit$14.81 billion (2021)
Net income$1.95 billion (2021)
Operating income$2.57 billion (2021)
Employees184,034 (2021)
Women employed4,162 (2.26%)
Biggest shareholderThe Master Trust Bank of Japan, Ltd. (Trust Account) (166.1 million shares)

Revenue

In 2021, Canon generated $31.97 billion in annual revenue, a +11.2% year-on-year growth from $29.71 billion in 2020. Canon’s revenue has been slowly decreasing since 2010 when it reached $45.76 billion. In other words, in 11 years, Canon’s revenue decreased by approximately 30%.

The table below represents annual revenue data and year-on-year growth:

YearAnnual RevenueYear-on-year growth
2009$34.88 billion
2010$45.76 billion+31.19%
2011$45.61 billion-0.33%
2012$43.50 billion-4.63%
2013$38.43 billion-11.66%
2014$35.41 billion-7.86%
2015$31.54 billion-10.93%
2016$31.29 billion-0.79%
2017$36.31 billion+16.04%
2018$35.96 billion-0.96%
2019$33.06 billion-8.06%
2020$29.71 billion-10.13%
2021$31.97 billion+7.61%
Canon’s annual revenue and year-on-year growth (not adjusted for inflation) for 2009–2021.

Quarterly revenue report

In the most recent reported quarter (Q3 2021), Canon’s revenue reached $7.58 billion, a 5.52% decrease from Q2 2021. The highest quarterly revenue was reported in Q4 2011 when the revenue reached $12.37 billion.

Revenue distribution

Of the Canon’s $31.97 billion annual revenue in 2021, printing contributed 53.6% ($17.64 billion), imaging 18.0% ($5.94 billion), industrial 15.1% ($4.96 billion, and medical 13.3% ($4.37 billion).

Compared to 2020, printing is down by 2.96%, while imaging (+17.16%), medical (+6.90%), and industrial (14.75%) all gained in revenue.

Gross Profit

Canon reported $14.81 billion in gross profit for 2021. That’s an increase of 14.54% compared with $12.93 billion a year earlier, but a 33.47% decrease compared with $22.27 billion in 2011.

Net Income

Canon generated $1.95 billion in net income in the year 2021. That’s a 149.55% increase compared to $0.78 billion in 2020, but a 40.02% decrease compared with $3.26 billion in 2011.

Employees

In 2021, Canon reported having 184,034 employees worldwide, which is a 1.17% increase from 181,897 in 2020. In 2011, Canon employed 198,307 people (7.76% more than in 2021).

And here are the exact numbers:

YearEmployees
2009168,879
2010197,386
2011198,307
2012196,968
2013194,151
2014191889
2015189571
2016197673
2017197776
2018195056
2019187041
2020181,897
2021184,034
The number of employees at Canon between the years 2009 and 2021.

Employee distribution

Of the total 184,034 employees, 66.76% work in printing (122,864), 14.00% in imaging (25,761), 7.64% in industrial (14,053), 6.94% in medical (12.769), and 4.67% in corporate (8,587).

Employee demographics

According to the latest reports, 41.12% of Canon’s employees come from Asia and Oceania, 38.54% from Japan, 12.04% from Europe, and 8.29% from the Americas.

In 2021, 2.26% of all Canon’s employees were women, and 3.30% of all managers are women.

Shareholders

Canon’s top 10 major shareholders own 374.3 million shares combined, which accounts for 36.0% of the entire company. The biggest shareholder is The Master Trust Bank of Japan, Ltd. (Trust Account) with 166.1 million shares (15.9%).

Shareholder NameShares ownedPercentage
The Master Trust Bank of Japan, Ltd. (Trust Account)166.1 million15.9%
Custody Bank of Japan, Ltd. (Trust Account)62.4 million6.0%
The Dai-ichi
Life Insurance Company, Limited
24.3 million2.3%
Mizuho Bank, Ltd.22.6 million2.2%
State Street Bank West Client—Treaty 50523420.9 million2.0%
Moxley and Co. LLC19.1 million1.8%
OBAYASHI CORPORATION16.5 million1.6%
Barclays Securities Japan Limited15.2 million1.5%
SMBC Nikko Securities Inc.14.1 million1.4%
Sompo Japan Insurance Inc.13.1 million1.3%
Sum374.3 million36.0%
The top 10 Canon’s shareholders in 2021.

Sources: Sec.gov

About your guide

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Matic Broz

Matic Broz is a multifaceted creative professional, with experience as a photographer, graphic designer, and business owner. He has a decade of experience in helping other creatives improve their craft and start their own businesses. His writing and research have been featured in notable publications such as The Guardian, PetaPixel, and USA Today. Additionally, his scientific research has been recognized with a cover feature in the prestigious MDPI-owned journal. In his leisure time, he enjoys photography, hiking, and spending time with dogs. Read more

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