Canon Inc 6-K, filed Jul 26, 2022
Canon Inc (CAJPY)
About this 6-K
Canon Inc filed this 6-K on July 26, 2022.
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
| For the month of …. | July |
……………………………………………… , | 2022 |
| CANON INC. | ||||
| (Translation of registrant’s name into English) | ||||
| 30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo 146-8501, Japan | ||||
| (Address of principal executive offices) | ||||
[Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
| Form 20-F |
X | Form 40-F |
[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
| Yes |
No |
X |
[If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82-....................
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| CANON INC. |
||
| (Registrant) |
| Date…. |
July 26, 2022 | By...../s/........ Sachiho Tanino......................... | ||||||
| (Signature)* | ||||||||
|
Sachiho Tanino General Manager Consolidated Accounting Division Finance & Accounting Headquarters Canon Inc. |
*Print the name and title of the signing officer under his signature.
The following materials are included.
| 1. | Notice Regarding Retained Earnings Dividend (Interim Dividend) and Revision to Projected Dividend for the Fiscal Year (the 122nd Business Term) |
July 26, 2022
| Canon Inc. Chairman & CEO: Fujio Mitarai Securities code: 7751 Tokyo (Prime Market) and other Stock Exchanges |
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Inquiries: Sachiho Tanino General Manager Consolidated Accounting Div. Finance & Accounting Headquarters +81-3-3758-2111 |
Notice Regarding Retained Earnings Dividend (Interim Dividend) and
Revision to Projected Dividend for the Fiscal Year (the 122nd Business Term)
At a Board of Directors meeting held on July 26, 2022, Canon Inc. (the “Company”) passed resolutions regarding retained earnings dividend (Interim dividend) and revision to projected dividend for the fiscal year as follows.
| 1. | Retained Earnings Dividend (Interim Dividend) Details |
| Determined amount |
Most recent dividend forecast (Announced January 27, 2022) |
Previous period result (Fiscal year 2021) |
||||||||||
| Record date |
June 30, 2022 | June 30, 2022 | June 30, 2021 | |||||||||
| Dividend per share |
60 yen | 50 yen | 45 yen | |||||||||
| Total dividend amount |
61,809 million yen | 47,060 million yen | ||||||||||
| Effective date |
August 26, 2022 | August 27, 2021 | ||||||||||
| Dividend resource |
Retained earnings | Retained earnings | ||||||||||
| 2. | Reason for Revision |
The Company’s basic policy is to provide a stable and active return to shareholders, mainly in the form of dividends, taking into consideration medium-term profit forecasts along with planned future investment, cash flow and other factors.
The Company’s consolidated results for the fiscal year ending December 31, 2022 (the 122nd Business Term), are projected to significantly exceed those of last year. This reflects continued strong demand for the Company’s products, even amid uncertainty about the global economy, which is linked to prolonged parts shortages and logistical constraints, and the Russia-Ukraine conflict. It also highlights the stable performance of the camera, office printing, and other businesses, the contribution of new businesses, such as medical, network cameras, and commercial printing, not only to sales, but also profit, and a tailwind from yen depreciation.
The Company resolved to increase its interim dividend by 15 yen per share to 60 yen, and its projected dividend for the fiscal year by 20 yen to 120 yen.
| 3. | Details of Revision to Projected Dividend for Fiscal Year |
| Dividend per share (yen) | ||||||||||||
| Record date |
Interim | Year-end | Full Year | |||||||||
| Previous projection |
50 yen | 50 yen | 100 yen | |||||||||
| Current projection |
60 yen | 120 yen | ||||||||||
| Actual |
60 yen | |||||||||||
| Previous year’s dividend payout (Fiscal year ending December 31, 2021) |
45 yen | 55 yen | 100 yen | |||||||||
This notice contains forward-looking statements with respect to future results, performance and achievements that are subject to risk and uncertainties and reflect management’s views and assumptions formed by available information. All statements other than statements of historical fact are statements that could be considered forward-looking statements. When used in this document, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project” or “should” and similar expressions, as they relate to Canon, are intended to identify forward-looking statements. Many factors could cause the actual results, performance or achievements of Canon to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products by other companies, lack of acceptance of new products or services by Canon’s targeted customers, inability to meet efficiency and cost reduction objectives, changes in business strategy and various other factors, both referenced and not referenced in this notice. A detailed description of these and other risk factors is included in Canon’s annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. Canon does not intend or assume any obligation to update these forward-looking statements.