Canon 2005 Annual Report Download - page 7

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5
Moving into Phase III
The outstanding results accomplished in Phase I and Phase II can
be credited to the efforts of all Canon Group employees world-
wide, who have fully exercised their capacities and skills in their
respective workplaces. The goals of our Excellent Global
Corporation Plan are in sight as we kick off Phase III in fiscal 2006
under the theme “Innovation and Sound Growth.”
In 2010, the final year of Phase III, we will target net sales of 5.5
trillion yen, an increase of over 45% compared with 2005, and a
return on net sales above 10%. Concrete strategies include launch-
ing new display businesses, establishing new production systems
and expanding into next-generation business domains.
Through increased effort, we aim to elevate Canon to the
ranks of the world’s 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.
We will build upon recent achievements, using them as a
source of courage and confidence to accomplish our goals, and
pool our strengths as we continue our endeavors to attain sustain-
able growth and create new value for stockholders, customers
and communities.
Fujio Mitarai
President and CEO
Canon Inc.
Excellent Global Corporation Plan Phase III
Innovation and Sound Growth
Goal: Join the ranks of global top 100 companies by 2010
Five Important Strategies
•Bolster existing core businesses and establish
new display businesses
•Establish new production systems to sustain
international competitiveness
•Expand operations through diversification
•Identify new business domains and obtain necessary
technologies
•Nurture truly autonomous individuals