Canon 2005 Annual Report Download - page 2

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CONTENTS
FINANCIAL HIGHLIGHTS ___________________ 1
TO OUR STOCKHOLDERS __________________ 2
EXCELLENT GLOBAL CORPORATION
PLAN PHASE III ___________________________ 6
CORPORATE GOVERNANCE _______________ 10
BOARD OF DIRECTORS ___________________ 14
CORPORATE FUNCTIONS __________________ 15
RESEARCH & DEVELOPMENT
PRODUCTION
SALES & MARKETING
CORPORATE SOCIAL RESPONSIBILITY
PRODUCT GROUPS ________________________ 25
OFFICE IMAGING PRODUCTS
COMPUTER PERIPHERALS
CAMERAS
OPTICAL AND OTHER PRODUCTS
MAJOR CONSOLIDATED SUBSIDIARIES ______ 34
FINANCIAL SECTION _______________________ 35
TRANSFER AND REGISTRARS OFFICE ________ 87
STOCKHOLDERS’ INFORMATION ___________ 87
CORPORATE PROFILE
CORPORATE PHILOSOPHY:
Kyosei
CORPORATE GOAL
Canon Inc. and the Canon Group develop, produce and market a broad
array of products including copying machines, printers, cameras, optical
products and industrial equipment. Canon has grown to be a trusted brand
in over 180 countries.
In fiscal 2005, under Phase II of our Excellent Global Corporation Plan, we
reported for the sixth consecutive year the highest level of sales and net
income in our history.
The Canon Group aims to create and commercialize new technologies and
original genres of products that foster positive and effective communications
around the world. Furthermore, the Group pursues a variety of environmental
and philanthropic activities and focuses on fulfilling its duties to investors and
society by stressing good corporate governance.
Canon’s corporate philosophy is kyosei, which can be concisely defined as
“Living and working together for the common good.” Canon has expanded
this definition even further to mean “All people, regardless of race, religion, or
culture, harmoniously living and working together into the future.”
Unfortunately, the world today is imbalanced in areas such as international
economic development, wealth distribution, and the natural environment.
Canon maintains an awareness of these imbalances in its active pursuit of
kyosei in all of its business activities.
As a true global corporation employing over 115,000 people worldwide,
Canon understands the responsibility of fostering harmonious relations, not
only with our customers and the communities in which we operate, but also
with nations and the environment. By contributing to global prosperity and
the happiness of humanity, Canon hopes to bring the world closer to
achieving the ideals of kyosei.
Fiscal 2006 is the inaugural year of Phase III of our Excellent Global Corporation
Plan. Under the theme of “Innovation and Sound Growth,” in Phase III Canon
intends to strengthen existing businesses, launch strategic new businesses, and
identify new business domains to assure continual growth beyond 2010, while
maintaining a high profit margin structure. Canon aims to join the ranks of the
global top 100 companies by 2010 in terms of such key business performance
measures as net sales, profit, stockholders’ equity to total assets ratio and
market capitalization.
Cover Photos:
Technological strength is the very source of Canon’s profits
and growth, and the entire Canon Group is working to
bolster its technological prowess. While working to reinforce
existing business and product competitiveness, Canon is also
strengthening its research abilities to search for new
business domains.