Canon 2007 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2007 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.

Page out of 102

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102

CONTENTS
FINANCIAL HIGHLIGHTS ............................ 1
TO OUR STOCKHOLDERS ........................... 2
MESSAGE FROM THE PRESIDENT .............. 6
EXCELLENT GLOBAL CORPORATION
PLAN—PHASE III ......................................... 8
CORPORATE GOVERNANCE ....................... 16
CORPORATE FUNCTIONS ........................... 20
RESEARCH & DEVELOPMENT
PRODUCTION
SALES & MARKETING
CORPORATE SOCIAL RESPONSIBILITY
PRODUCT GROUPS ..................................... 32
AT A GLANCE
OFFICE IMAGING PRODUCTS
COMPUTER PERIPHERALS
CAMERAS
OPTICAL AND OTHER PRODUCTS
MAJOR CONSOLIDATED SUBSIDIARIES .... 42
FINANCIAL SECTION ................................... 43
TRANSFER AND REGISTRAR’S OFFICE ....... 98
STOCKHOLDER INFORMATION ................. 98
CORPORATE PROFILE
Canon develops, manufactures and sells a wide lineup of copying machines,
printers, cameras, optical products and other products to meet a diverse range
of customer needs. The Canon brand is well recognized and trusted world-
wide by individuals, families, in offices and industrial circles.
Canon first began implementing its Excellent Global Corporation Plan in
1996, and has since delivered a series of strong performances. In fiscal 2007,
the 2nd year of Phase III of the Plan, Canon achieved record earnings and
marked its eighth consecutive year of growth in both sales and net income.
With the spread of globalization and broadband networks, Canon stands
poised to lead a new era, promoting cross-media imaging through advanced
synergies among digital imaging equipment. In addition to strengthening busi-
ness results for enhanced corporate value, the Company engages in a number
of environmental and social contribution activities and focuses on fulfilling its
duties to investors and society by stressing good corporate governance.
CORPORATE PHILOSOPHY: Kyosei
The corporate philosophy of Canon is kyosei. A concise definition of this
word would be “Living and working together for the common good,” but
our definition is broader: “All people, regardless of race, religion or culture,
harmoniously living and working together into the future.” Unfortunately,
the presence of imbalances in our world in such areas as trade, income
levels and the environment hinders the achievement of kyosei.
Addressing these imbalances is an ongoing mission, and Canon is doing
its part by actively pursuing kyosei. True global companies must foster good
relations, not only with their customers and the communities in which they
operate, but also with nations and the environment. They must also bear
the responsibility for the impact of their activities on society. For this reason,
Canon’s goal is to contribute to global prosperity and people’s well-being,
which will lead to continuing growth and bring the world closer to
achieving kyosei.
CORPORATE GOAL
In fiscal 2008, the Company aims to strengthen existing businesses,
expand business operations through diversification and identify next-
generation business domains to assure sustained growth beyond 2010,
while maintaining a high profit margin structure. Canon will make every
effort to join the ranks of the global top 100 companies by 2010 in terms
of key performance indicators. The Company’s goals for 2010 include net
sales of ¥6 trillion and a net income to sales ratio of 10% or more.
Cover Photo:
Canon launched its new digital SLR camera,
EOS 40D, which attracted high praise from the
market. Utilizing a Live View function, users can
check images on a real time basis while taking
photographs.