Canon 2003 Annual Report Download - page 33

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31
Sales of business machines, constituting 71% of consolidated
net sales, increased 2.1%, to ¥2,273,904 million (U.S.$21,251
million) in fiscal 2003.
Sales of office imaging products increased 3.7%, to
¥1,061,099 million (U.S.$9,917 million). Demand for network
digital MFDs appears to be shifting from monochrome machines
to color models, as well as towards higher-end features. The
Color imageRUNNER C3200/iRC3200N, Canon’s first color
offerings in the high-end imageRUNNER (iR)-series lineup, was
well received in Japan and overseas markets, and contributed
significantly to increased sales of office imaging products. Among
monochrome network digital MFDs, the high-end iR5000 series
and iR105 models continued to record strong sales during the
term. Color office imaging products accounted for 20% and 17%
and monochrome office imaging products accounted for 72%
and 75% of office imaging products sales in fiscal 2003 and
2002, respectively. Sales of facsimiles remained flat and
accounted for the remaining 8% of sales of office imaging
products in both fiscal 2003 and 2002.
Sales of computer peripherals increased 3.2%, to
¥1,089,312 million (U.S.$10,180 million). While sales of laser
beam printers were flat in the previous year due to inventory
adjustment by Canon’s OEM partner, a recovery in orders fueled
robust growth in terms of unit sales during 2003, especially
among personal models. Although unit sales of inkjet printers
increased due to favorable acceptance of such models as the
i560, i860, and MultiPASS MP700/MP730 (high-speed
multifunction inkjet systems), severe price competition resulted
Sales by product
Canon’s sales by product group are summarized as follows:
SALES BY PRODUCT
(Thousands of
(Millions of yen) U.S. dollars)
2003 change 2002 change 2001 2003
Business machines:
Office imaging products ¥1,061,099 +3.7% 1,023,131 +4.4% 980,053 $9,916,813
Computer peripherals 1,089,312 +3.2 1,055,956 +0.8 1,047,385 10,180,486
Business information products
123,493 –16.1 147,108 –25.0 196,051 1,154,140
2,273,904 +2.1 2,226,195 +0.1 2,223,489 21,251,439
Cameras 653,540 +34.5 485,778 +27.4 381,367 6,107,850
Optical and other products 270,628 +18.6 228,155 –24.6 302,717 2,529,234
Total ¥3,198,072 +8.8 2,940,128 +1.1 2,907,573 $29,888,523
Sales by product
(Millions of yen)
3,500,000
0
99 00 01 02 03
Business machines
Office imaging products
Computer peripherals
Business information products
Cameras
Optical and other products
2,530,896 2,696,420
2,907,573 2,940,128
3,198,072
0
Sales by region
(Millions of yen)
3,500,000
99 00 01 02 03
2,530,896 2,696,420
2,907,573 2,940,128
3,198,072
Japan
Americas
Europe
Other areas