Anyone else get a pocket change raise despite improved numbers back in April? This is what the on-highs think of us and Canon Customers.
Canon USA and its parent company received a $109 million USD (~17 billion yen) U.S. tariff refund following a U.S. Supreme Court ruling that invalidated tariffs imposed under the International Emergency Economic Powers Act (IEEPA).
Key Details of the Refund
• Government Process: U.S. Customs and Border Protection (CBP) launched Phase 2 of its Customs Automated Processing Environment (CAPE) refund system on June 29, 2026.
• Canon's Recovery: Canon initiated its refund application in June 2026 and completed the review process, expecting to record the $109 million refund (plus interest) in Q2 2026. Overall, Canon reported recovering about 90% of its eligible tariff costs by June 2026.
• Financial Impact: The tariff refund added approximately 58 billion yen to Canon's second-quarter operating profit, boosting its Q2 2026 operating profit to 159.2 billion yen.