Canon Inc. · Fiscal year ended December 2025
Printing is 54% of Canon's sales.
Canon still naturally brings cameras to mind, and that image is not obsolete: Imaging exceeded ¥1 trillion of sales in 2025 and camera sales grew strongly. But across the whole company, Printing is much larger. It generated ¥2.494 trillion, 54% of sales. Medical and Industrial add another roughly ¥942 billion. Canon did not abandon cameras to become something else; it extended optics, imaging, materials and production technologies into a much broader portfolio.
This is not investment advice or a stock recommendation. We reorder company-published primary-source facts to make the shape of the business easier to see.
Canon still naturally brings cameras to mind.
That image is not obsolete.
Imaging exceeded ¥1 trillion of sales in 2025, and the camera business posted double-digit growth.
But across the whole company, another business is much larger.
Net sales are ¥4.625 trillion
More than half of those sales come from something other than cameras.
Printing is ¥2.494tn
Printing itself is not one product category.
The ¥2.49tn spans office, prosumer and production printing
How large is Imaging, which includes the cameras most closely associated with the brand?
Imaging is ¥1.055tn
Printing is roughly 2.4 times the size of Imaging by sales.
Printing is more than twice the size of Imaging
2025 business-unit net sales. Shares are company disclosed.
The current Canon also extends well beyond those two businesses.
Medical is ¥580.6bn
Another business is less visible to consumers.
Industrial is ¥361.1bn
Canon now operates around four business groups
2025 net sales and company-disclosed shares. Shares do not total 100% because business-unit sales include intersegment transactions.
Those four pillars did not exist at the beginning.
Canon started as a camera maker in 1937
So the useful story is not that Canon stopped being a camera company.
It is that a camera company kept adding new fields.
That expansion is not only a history of acquisitions.
Printer materials technology is moving into solar cells
A different combination of technologies is moving into regenerative medicine.
Optics and image processing are moving into iPS-cell production
Canon describes this cross-business reuse as part of its development system.
Technologies are not kept inside one business
Cameras have not disappeared from Canon.
In fact, Imaging grew strongly in 2025.
But cameras alone now explain less than a quarter of the company’s sales scale.
THE VIEW AFTER THE NUMBERS
What the numbers suggest
Canon generated ¥4.625 trillion of net sales in 2025.
Its largest business, Printing, generated ¥2.494 trillion, or 54%. Imaging, including cameras, generated ¥1.055 trillion, or 23%. Medical contributed ¥580.6 billion and Industrial ¥361.1 billion.
Cameras remain substantial and Imaging moved above ¥1 trillion in 2025. So there is no need to say Canon is “no longer a camera company.”
Canon started as a camera maker in 1937, then extended its technologies into office equipment, medical systems and industrial equipment.
And the technologies continue to move: printer photoreceptor materials know-how is being applied to solar-cell materials, while optics and image processing are being applied to iPS-cell production.
Canon did not replace one identity with another. It became broader by reusing technologies developed around imaging and precision manufacturing in new markets.
Primary sources used
Canon Annual Report 2025
Canon Inc. · 2026-03-25
Pages used: p.1 / p.12 / p.17 / p.19 / p.21 / p.22 / p.22-23 / p.23
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