Canon is projecting a 8% rise in sales for 2026 in its production printing division on the back of a trio of new products: the entry level iX1700, the B2 cutsheet iV7 and the extra wide format Colorado XL.
Printing in all its forms, production, office and prosumer is Canon’s largest division accounting for around half the ¥4,624.7 billion (£22.2 billion) in sales for 2025. This was a 2.5% increase in revenue from 2024.
The company sales sales were hit by US tariffs and continuing global uncertainty. In printing this resulted in delayed investments in Europe and Asia as well as in the US. The company says it faced tariffs of ¥45.4 billion (£220 million) and price adjustments to offset the impact of the tariffs had cost the business ¥41.2 billion (3200 million).
Despite this, sales in printing were only down 1.1% to ¥2,494.4 billion (£12.0 billion) for the year, though operating profit dropped 11.5%. Within this production printing achieved sales of ¥437.3 billion ($2.1 billion).
The company attributes this relatively strong performance to a satisfactory increase in demand for cutsheet inkjet printers, namely the iX3200 family. In addition sales to Heidelberg are now in full swing it says. Heidelberg has sold 30 of what it calls the Jetfire 50 with ten of these in operation.
“We are seeing a growing shift to digital printing and expect to see continual market growth in this area over the medium term,” the company says. This included a projected 8.2% increase for this year fuelled by continuing demand for existing products and the new machines which will reach the market over the course of the year.
Furthermore, the company notes that “we will enter the industrial print area in earnest” through the commercial launch of the LS2000 inkjet narrow web for labels this year. There is no mention of plans for a corrugated machine nor for a carton press as these are not slated for launch this year.
