Canon 2003 Annual Report Download - page 2

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Corporate Profile
Canon Inc. (NYSE: CAJ) and the Canon Group develop,
produce and market a wide range of products used in
the home, offices and industry, including business
machines, conventional and digital cameras, lenses,
digital video camcorders, semiconductor production
equipment, television broadcasting lenses and medical
equipment, employing over 100,000 people worldwide.
The operating environment in 2003 was harsh, but
Canon’s strong product lines and successful manage-
ment reform activities led to a fourth consecutive year
of sales and profit growth and new record highs for the
company in consolidated net sales and net income.
The Group also made significant progress in achieving
the aims of Phase II of the Excellent Global Corporation
Plan, which commenced in 2001 and will conclude in
2005.
The Canon Group pursues a variety of environmental
and philanthropic activities under its corporate philos-
ophy of
kyosei
, or living and working together for the
common good, and focuses on fulfilling its duties to
investors and society by stressing good corporate
governance throughout its activities.
CONTENTS
Financial Highlights ······················ 1
To Our Shareholders ····················· 2
Corporate Governance ···················· 4
Board of Directors and Corporate Auditors
Feature Stories
Corporate Management ················ 6
Research & Development ·············· 8
Production ···························10
Environmental Responsibility ············ 12
Philanthropy ·························14
Canon Product Groups
Office Imaging Products ················16
Computer Peripherals ··················18
Cameras ·····························20
Optical Products ······················22
Product Group Summary ··················24
Financial Section ························25
Major Consolidated Subsidiaries ············79
Transfer Office and Registrars ··············80
Shareholders’ Information
Cover photos:
Top left: Canon Development Americas (CDA) serves as the core of R&D
activities in the Americas, focusing on the digital home, the digital office, optics
and materials.
Top right: Canon Europa showroom near Amsterdam, where many Canon
products, from cameras to digital MFDs, are on display.
Bottom left: Canon Vietnam. Each Canon production base in Asia has deep
roots in the local culture.
Bottom right: Photo-functional water, an original Canon technology that
decomposes chlorinated organic compounds contained in industrial wastewater.