Canon’s Trump Tariff Jackpot: $109 Million Recovered as Employees Question NO Raises.

[jim]

Canon’s massive U.S. tariff refund is raising an uncomfortable question: if Canon can recover roughly $109 million in U.S. tariff payments, why aren’t employees seeing a bigger piece of the financial windfall? Canon reported that U.S. tariff refunds contributed approximately ¥58 billion ($380 million) to second-quarter 2026 operating profit, helping push Q2 operating profit up 35.2% to ¥159.2 billion, while net income jumped to ¥122.9 billion. But Canon’s own numbers tell a more complicated story: excluding the tariff benefit and other external factors, the company faced pressure from weaker printing and industrial businesses, higher memory costs, Middle East-related costs and higher expenses. That contrast is fueling employee frustration. On TheLayoff.com (below), anonymous Canon employees have questioned whether tariff refunds will benefit workers, with some describing recent raises as little more than “pocket change” and arguing that employees should share in the benefit. Canon’s Q2 results were undeniably strong on the surface, but how much of that improvement came from Canon’s underlying business—and how much came from a one-time tariff refund? That is the question employees, customers and investors may want answered. Canon Investor Relations – Q2 2026 Results

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October 8, 2026 at 10:33 AM