Canon’s Imaging System Business Unit (which encompasses interchangeable-lens digital cameras, lenses, compact cameras, and network cameras) delivered robust sales growth in its latest Q3 2025 financial results (July–September 2025), released on October 27, 2025, even as operating profit dipped due to external pressures like U.S. tariffs.
Key Financial Performance
Here’s a breakdown of the unit’s results:
| Period | Net Sales (¥ billion) | YoY Change | Operating Profit (¥ billion) | YoY Change |
|---|---|---|---|---|
| Q3 2025 | 253.6 | +5.9% | 38.1 | -12.6% |
| 9 Months 2025 | 726.4 | +10.1% | 108.4 | +9.7% |
Camera-specific highlights (interchangeable-lens and compact cameras):
- Q3 sales: ¥152.7 billion (+4.6% YoY)
- 9 Months sales: ¥632.1 billion (+9.0% YoY)
The profit decline in Q3 stemmed from “increased costs from U.S. tariffs and a less favorable product mix.“
Performance Drivers (Direct Quotes from the Report)
- Sales growth fueled by popular models: “In the Imaging Business Unit, sales increased as mirrorless cameras such as the EOS R50 and EOS R50 V, as well as compact digital cameras with increased production capacity, capturing the needs of customers seeking easy and convenient photography.” Network cameras also contributed: “Although some network camera sales shifted to the first half of the year due to boosted demand ahead of U.S. tariff hikes, sales continued to grow in the third quarter, particularly in the U.S.”
- Overall Q3 summary: “As a result, sales for the third quarter of the Imaging Business Unit increased by 5.9% year-on-year to ¥253.6 billion.”
Outlook and Full-Year Forecast
The division anticipates continued momentum:
“For interchangeable-lens digital cameras, the market is expected to remain strong, driven by high demand for video shooting and strong demand from younger generations. For network cameras, high demand is expected to continue thanks to growth in various areas beyond security applications.”
Full-year 2025 projections:
- Net sales: ¥1,049.7 billion (+12.0% YoY)
- Operating profit: ¥163.4 billion (+8.0% YoY)
Overall, the camera division remains a bright spot for Canon amid softer profits elsewhere in the company.
Source: Canon Global Investor Relations – Q3 2025 Financial Results (Released October 27, 2025)