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CANON ANNUAL REPORT 2015 39
STRATEGY BUSINESS SEGMENT CORPORATE STRUCTURE FINANCIAL SECTION CORPORATE DATA
Sales by Segment (Billions of yen)
Office Business Unit
Imaging System
Business Unit
Industry and Others
Business Unit
Eliminations
5,000
3,000
2,000
1,000
0
4,000
2014 2015201320122011
Sales by Geographic Area (Billions of yen)
Japan
Americas
Europe
Asia and Oceania
5,000
3,000
2,000
1,000
0
4,000
2014 2015201320122011
Operating expenses
The major components of operating expenses are payroll, R&D,
advertising expenses and other marketing expenses. Operating
expenses increased 5.4% year on year to ¥1,579,174 million
owing to such factors as the increase in foreign-currency-
denominated operating expenses after conversion into yen due
to the depreciation of the yen, additional operating expenses
after the acquisition of Axis and an increase in R&D expenses
related to new products.
Operating profit
Operating profit in 2015 decreased 2.3% from 2014 to a total
of ¥355,210 million. The ratio of operating profit to net sales
decreased 0.5% to 9.3% from 2014.
Other income (deductions)
Other income (deductions) for 2015 decreased ¥27,522 mil-
lion, mainly due to foreign currency exchange losses.
Income before income taxes
Income before income taxes in 2015 was ¥347,438 million, a
decrease of 9.3% from 2014, and constituted 9.1% of net sales.
Income taxes
Provision for income taxes in 2015 decreased by ¥1,895 mil-
lion from 2014. The effective tax rate for 2015 was 33.4%,
which was lower than the statutory tax rate in Japan. This was
mainly due to the tax credit for R&D expenses.
Net income attributable to Canon Inc.
As a result, net income attributable to Canon Inc. in 2015
decreased by 13.6% to ¥220,209 million, which represents
5.8% of net sales.
Segment information
Canon divides its businesses into three segments: the Office
Business Unit, the Imaging System Business Unit and the
Industry and Others Business Unit.
The Office Business Unit mainly includes Office multifunc-
tion devices (“MFDs”) / Laser multifunction printers (“MFPs”) /
Laser printers / Digital production printing systems /
High speed continuous feed printers / Wide-format printers /
Document solutions
The Imaging System Business Unit mainly includes
Interchangeable lens digital cameras / Digital compact cameras /
Digital camcorders / Digital cinema cameras / Interchangeable
lenses / Compact photo printers / Inkjet printers / Large-format
inkjet printers / Commercial photo printers / Image scanners /
Multimedia projectors / Broadcast equipment / Calculators
The Industry and Others Business Unit mainly includes
Semiconductor lithography equipment / FPD (Flat panel dis-
play) lithography equipment / Digital radiography systems /
Ophthalmic equipment / Vacuum thin-film deposition equip-
ment / Organic LED (“OLED”) panel manufacturing equipment
/ Die bonders / Micromotors / Network cameras / Handy termi-
nals / Document scanners