Canon 2006 Annual Report Download - page 7
Download and view the complete annual report
Please find page 7 of the 2006 Canon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.5
Tsuneji Uchida
President and COO
Canon Inc.
I will do everything in my
power to steer Canon toward
the achievement of new
innovation and boldly push
forward with measures to
realize our Phase III objectives.
Canon has its sights firmly set on achieving the 2010 targets
established for Phase III of its Excellent Global Corporation
Plan. When the Company embarked on Phase I of the Plan in
1996, its initial aim was to strengthen its financial health.
Indicators that testify to Canon’s success include the stock-
holder equity ratio, which climbed from 35.1% in 1995 to
66.0% at the end of 2006, and retained earnings, which
expanded nearly 5.5 times from ¥433.5 billion to ¥2,368.0
billion over the same period.
In Phase II, launched in 2001, the Company set the ambi-
tious goal of becoming No. 1 in the world in all of its major
areas of business, with an emphasis on product competitive-
ness. Building on this goal, Canon kicked off Phase III in fiscal
2006 under the theme of “Innovation and Sound Growth.”
Capitalizing on global trends, specifically the diffusion of broad-
band networks and the continued advance of globalization as
economic development spreads to more nations around the
world led by the BRIC economies (Brazil, Russia, India, and
China), Canon is taking steps to fortify its existing businesses
while creating new business domains.
External Ratings
•
Financial Times Global 500 (June 10, 2006 issue)
Market value ranking: 102
(9th in the Technology Hardware and Equipment category)
•
FORTUNE Global 500 (July 24, 2006 issue)
Revenues ranking: 170
(6th in the Computers, Office Equipment category)
Profits ranking: 114
(3rd in the Computers, Office Equipment category)
•
BusinessWeek “Best Global Brands” of 2006 (August 7, 2006 issue)
Ranking: 35
(4th among all Japanese companies)
FORTUNE Global 500 is a registered trademark of FORTUNE Magazine,
a division of Time Inc. in the United States of America.