CANON
INC. |
||||||
(Registrant) | ||||||
Date July 28, 2009 |
By /s/ Masashiro Kobayashi | |||||
(Signature)* | ||||||
Masashiro Kobayashi General Manager Global Finance Management Center Canon Inc. |
Actual | ||||||||||||||||||||||||
Three months | Three months | Three months | ||||||||||||||||||||||
ended | ended | Change(%) | ended | |||||||||||||||||||||
June 30, 2009 | June 30, 2008 | June 30, 2009 | ||||||||||||||||||||||
Net sales |
¥ | 793,785 | ¥ | 1,105,894 | - | 28.2 | $ | 8,268,594 | ||||||||||||||||
Operating profit |
44,906 | 160,153 | - | 72.0 | 467,771 | |||||||||||||||||||
Income before income taxes |
35,492 | 172,603 | - | 79.4 | 369,708 | |||||||||||||||||||
Net income attributable
to Canon Inc. |
¥ | 15,605 | ¥ | 107,841 | - | 85.5 | $ | 162,552 | ||||||||||||||||
Net income attributable to Canon Inc. stockholders per share: | ||||||||||||||||||||||||
- Basic |
¥ | 12.64 | ¥ | 85.52 | - | 85.2 | $ | 0.13 | ||||||||||||||||
- Diluted |
12.64 | 85.51 | - | 85.2 | 0.13 | |||||||||||||||||||
CONSOLIDATED RESULTS FOR THE FIRST HALF |
||||||||||||||||||||||||
(Millions of yen, thousands of U.S. dollars, except per share amounts) |
||||||||||||||||||||||||
Actual | Projected | |||||||||||||||||||||||
Six months | Six months | Six months | Year ending | |||||||||||||||||||||
ended | ended | Change(%) | ended | December 31, | Change(%) | |||||||||||||||||||
June 30, 2009 | June 30, 2008 | June 30, 2009 | 2009 | |||||||||||||||||||||
Net sales |
¥ | 1,480,819 | ¥ | 2,113,432 | - | 29.9 | $ | 15,425,198 | ¥ | 3,200,000 | - | 21.8 | ||||||||||||
Operating profit |
64,938 | 330,983 | - | 80.4 | 676,438 | 190,000 | - | 61.7 | ||||||||||||||||
Income before income taxes |
57,886 | 339,245 | - | 82.9 | 602,979 | 180,000 | - | 62.6 | ||||||||||||||||
Net income attributable
to Canon Inc. |
¥ | 33,349 | ¥ | 214,485 | - | 84.5 | $ | 347,385 | ¥ | 110,000 | - | 64.4 | ||||||||||||
Net income attributable to Canon Inc. stockholders per share: | ||||||||||||||||||||||||
- Basic |
¥ | 27.01 | ¥ | 170.08 | - | 84.1 | $ | 0.28 | ¥ | 89.11 | - | 63.8 | ||||||||||||
- Diluted |
27.01 | 170.07 | - | 84.1 | 0.28 | - | - | |||||||||||||||||
Actual | ||||||||||||||||||||||||
As of | As of | Change(%) | As of | |||||||||||||||||||||
June 30, 2009 | December 31, 2008 | June 30, 2009 | ||||||||||||||||||||||
Total assets |
¥ | 3,744,669 | ¥ | 3,969,934 | - | 5.7 | $ | 39,006,969 | ||||||||||||||||
Canon Inc. stockholders equity |
¥ | 2,683,183 | ¥ | 2,659,792 | + | 0.9 | $ | 27,949,823 | ||||||||||||||||
Notes:
|
1. | Canons consolidated financial statements are prepared in accordance
with U.S. generally accepted accounting principles. |
|||
2. | U.S. dollar amounts are translated from yen at the rate of
JPY96=U.S.$1, the approximate exchange rate on the Tokyo Foreign Exchange
Market as of June 30, 2009, solely for the convenience of the reader. |
Canon Inc. | 30-2, Shimomaruko 3-chome, Ohta-ku, | |
Headquarter office | Tokyo 146-8501, Japan | |
Phone: +81-3-3758-2111 |
- 1 -
- 2 -
- 3 -
Fiscal year | Millions of yen | |||||||||||||||||||
Year ending | Year ended | |||||||||||||||||||
December 31, 2009 | Change | December 31, 2008 | Change (%) | |||||||||||||||||
Previous Outlook (A) | Revised Outlook (B) | (B - A) | Results (C) | (B - C) / C | ||||||||||||||||
Net sales |
¥ | 3,330,000 | ¥ | 3,200,000 | ¥ | (130,000) | ¥ | 4,094,161 | - 21.8 | % | ||||||||||
Operating profit |
180,000 | 190,000 | 10,000 | 496,074 | - 61.7 | % | ||||||||||||||
Income before income taxes |
180,000 | 180,000 | - | 481,147 | - 62.6 | % | ||||||||||||||
Net income attributable to
Canon Inc. |
¥ | 110,000 | ¥ | 110,000 | - | ¥ | 309,148 | - 64.4 | % | |||||||||||
- 4 -
- 5 -
CANON INC. AND SUBSIDIARIES | CONSOLIDATED |
Thousands of | ||||||||||||||||
Millions of yen |
U.S. dollars | |||||||||||||||
As of | As of | As of | ||||||||||||||
June 30, | December 31, | Change | June 30, | |||||||||||||
2009 | 2008 | 2009 | ||||||||||||||
ASSETS |
||||||||||||||||
Current assets: |
||||||||||||||||
Cash and cash equivalents |
¥ | 603,565 | ¥ | 679,196 | ¥ | (75,631 | ) | $ | 6,287,135 | |||||||
Short-term investments |
27,215 | 7,651 | 19,564 | 283,490 | ||||||||||||
Trade receivables, net |
512,858 | 595,422 | (82,564 | ) | 5,342,271 | |||||||||||
Inventories |
423,989 | 506,919 | (82,930 | ) | 4,416,552 | |||||||||||
Prepaid expenses and other current assets |
263,136 | 275,660 | (12,524 | ) | 2,741,000 | |||||||||||
Total current assets |
1,830,763 | 2,064,848 | (234,085 | ) | 19,070,448 | |||||||||||
Noncurrent receivables |
14,892 | 14,752 | 140 | 155,125 | ||||||||||||
Investments |
86,620 | 88,825 | (2,205 | ) | 902,292 | |||||||||||
Property, plant and equipment, net |
1,353,089 | 1,357,186 | (4,097 | ) | 14,094,677 | |||||||||||
Intangible assets, net |
122,903 | 119,140 | 3,763 | 1,280,240 | ||||||||||||
Other assets |
336,402 | 325,183 | 11,219 | 3,504,187 | ||||||||||||
Total assets |
¥ | 3,744,669 | ¥ | 3,969,934 | ¥ | (225,265 | ) | $ | 39,006,969 | |||||||
LIABILITIES AND EQUITY |
||||||||||||||||
Current liabilities: |
||||||||||||||||
Short-term loans and current portion of long-term debt |
¥ | 5,193 | ¥ | 5,540 | ¥ | (347 | ) | $ | 54,094 | |||||||
Trade payables |
281,360 | 406,746 | (125,386 | ) | 2,930,833 | |||||||||||
Accrued income taxes |
18,094 | 69,961 | (51,867 | ) | 188,479 | |||||||||||
Accrued expenses |
245,296 | 277,117 | (31,821 | ) | 2,555,167 | |||||||||||
Other current liabilities |
146,622 | 184,636 | (38,014 | ) | 1,527,312 | |||||||||||
Total current liabilities |
696,565 | 944,000 | (247,435 | ) | 7,255,885 | |||||||||||
Long-term debt, excluding current installments |
6,797 | 8,423 | (1,626 | ) | 70,802 | |||||||||||
Accrued pension and severance cost |
112,675 | 110,784 | 1,891 | 1,173,698 | ||||||||||||
Other noncurrent liabilities |
56,871 | 55,745 | 1,126 | 592,407 | ||||||||||||
Total liabilities |
872,908 | 1,118,952 | (246,044 | ) | 9,092,792 | |||||||||||
Equity: |
||||||||||||||||
Canon Inc. stockholders equity: |
||||||||||||||||
Common stock |
174,762 | 174,762 | - | 1,820,438 | ||||||||||||
Additional paid-in capital |
403,926 | 403,790 | 136 | 4,207,563 | ||||||||||||
Legal reserve |
54,351 | 53,706 | 645 | 566,156 | ||||||||||||
Retained earnings |
2,841,375 | 2,876,576 | (35,201 | ) | 29,597,656 | |||||||||||
Accumulated other comprehensive income (loss) |
(234,999 | ) | (292,820 | ) | 57,821 | (2,447,906 | ) | |||||||||
Treasury stock, at cost |
(556,232 | ) | (556,222 | ) | (10 | ) | (5,794,084 | ) | ||||||||
Total Canon Inc. stockholders equity |
2,683,183 | 2,659,792 | 23,391 | 27,949,823 | ||||||||||||
Noncontrolling interests |
188,578 | 191,190 | (2,612 | ) | 1,964,354 | |||||||||||
Total equity |
2,871,761 | 2,850,982 | 20,779 | 29,914,177 | ||||||||||||
Total liabilities and equity |
¥ | 3,744,669 | ¥ | 3,969,934 | ¥ | (225,265 | ) | $ | 39,006,969 | |||||||
Thousands of | ||||||||||||||||
Millions of yen |
U.S. dollars | |||||||||||||||
As of | As of | As of | ||||||||||||||
June 30, | December 31, | June 30, | ||||||||||||||
2009 | 2008 | 2009 | ||||||||||||||
Notes: |
||||||||||||||||
1. Allowance for doubtful receivables |
¥ | 11,259 | ¥ | 9,318 | $ | 117,281 | ||||||||||
2. Accumulated depreciation |
1,755,596 | 1,635,601 | 18,287,458 | |||||||||||||
3. Accumulated other comprehensive income (loss): |
||||||||||||||||
Foreign currency translation adjustments |
(176,987 | ) | (235,968 | ) | (1,843,615 | ) | ||||||||||
Net unrealized gains and losses on securities |
2,747 | 1,135 | 28,615 | |||||||||||||
Net gains and losses on derivative instruments |
(183 | ) | 1,493 | (1,906 | ) | |||||||||||
Pension liability adjustments |
(60,576 | ) | (59,480 | ) | (631,000 | ) |
- 6 -
CANON INC. AND SUBSIDIARIES | CONSOLIDATED |
Thousands of | ||||||||||||||||
Results for the second quarter | Millions of yen |
U.S. dollars | ||||||||||||||
Three months | Three months | Three months | ||||||||||||||
ended | ended | Change(%) | ended | |||||||||||||
June 30, 2009 | June 30, 2008 | June 30, 2009 | ||||||||||||||
Net sales |
¥ | 793,785 | ¥ | 1,105,894 | - | 28.2 | $ | 8,268,594 | ||||||||
Cost of sales |
448,320 | 564,304 | 4,670,000 | |||||||||||||
Gross profit |
345,465 | 541,590 | - | 36.2 | 3,598,594 | |||||||||||
Operating expenses: |
||||||||||||||||
Selling, general and administrative expenses |
219,742 | 285,529 | 2,288,979 | |||||||||||||
Research and development expenses |
80,817 | 95,908 | 841,844 | |||||||||||||
300,559 | 381,437 | 3,130,823 | ||||||||||||||
Operating profit |
44,906 | 160,153 | - | 72.0 | 467,771 | |||||||||||
Other income (deductions): |
||||||||||||||||
Interest and dividend income |
1,357 | 4,773 | 14,135 | |||||||||||||
Interest expense |
(137 | ) | (251 | ) | (1,427 | ) | ||||||||||
Other, net |
(10,634 | ) | 7,928 | (110,771 | ) | |||||||||||
(9,414 | ) | 12,450 | (98,063 | ) | ||||||||||||
Income before income taxes |
35,492 | 172,603 | - | 79.4 | 369,708 | |||||||||||
Income taxes |
17,346 | 61,304 | 180,687 | |||||||||||||
Consolidated net income |
18,146 | 111,299 | 189,021 | |||||||||||||
Less: Net income attributable to noncontrolling interests |
2,541 | 3,458 | 26,469 | |||||||||||||
Net income attributable to Canon Inc. |
¥ | 15,605 | ¥ | 107,841 | - | 85.5 | $ | 162,552 | ||||||||
Note: Consolidated comprehensive income for the three months ended June 30, 2009 and 2008 was JPY
37,400 million (increase) (U.S. $389,583 thousand (increase)) and JPY 163,706 million (increase),
respectively. |
||||||||||||||||
Thousands of | ||||||||||||||||
Results for the first half | Millions of yen |
U.S. dollars | ||||||||||||||
Six months | Six months | Six months | ||||||||||||||
ended | ended | Change(%) | ended | |||||||||||||
June 30, 2009 | June 30, 2008 | June 30, 2009 | ||||||||||||||
Net sales |
¥ | 1,480,819 | ¥ | 2,113,432 | - | 29.9 | $ | 15,425,198 | ||||||||
Cost of sales |
836,540 | 1,071,977 | 8,713,958 | |||||||||||||
Gross profit |
644,279 | 1,041,455 | - | 38.1 | 6,711,240 | |||||||||||
Operating expenses: |
||||||||||||||||
Selling, general and administrative expenses |
425,735 | 535,009 | 4,434,739 | |||||||||||||
Research and development expenses |
153,606 | 175,463 | 1,600,063 | |||||||||||||
579,341 | 710,472 | 6,034,802 | ||||||||||||||
Operating profit |
64,938 | 330,983 | - | 80.4 | 676,438 | |||||||||||
Other income (deductions): |
||||||||||||||||
Interest and dividend income |
2,791 | 10,966 | 29,073 | |||||||||||||
Interest expense |
(221 | ) | (663 | ) | (2,302 | ) | ||||||||||
Other, net |
(9,622 | ) | (2,041 | ) | (100,230 | ) | ||||||||||
(7,052 | ) | 8,262 | (73,459 | ) | ||||||||||||
Income before income taxes |
57,886 | 339,245 | - | 82.9 | 602,979 | |||||||||||
Income taxes |
24,105 | 117,338 | 251,094 | |||||||||||||
Consolidated net income |
33,781 | 221,907 | 351,885 | |||||||||||||
Less: Net income attributable to noncontrolling interests |
432 | 7,422 | 4,500 | |||||||||||||
Net income attributable
to Canon Inc. |
¥ | 33,349 | ¥ | 214,485 | - | 84.5 | $ | 347,385 | ||||||||
Note: | Consolidated comprehensive income for the six months ended June 30, 2009 and 2008 was JPY 91,273 million (increase) (U.S. $950,760 thousand (increase)) and JPY 167,466 million (increase), respectively. |
- 7 -
CANON INC. AND SUBSIDIARIES | ||
CONSOLIDATED |
Results for the second quarter | Millions of yen |
Thousands of U.S. dollars |
||||||||||||||
Three months | Three months | Three months | ||||||||||||||
Sales by product | ended | ended | Change(%) | ended | ||||||||||||
June 30, 2009 | June 30, 2008 | June 30, 2009 | ||||||||||||||
Business machines: |
||||||||||||||||
Office imaging products |
¥ | 216,346 | ¥ | 311,575 | - | 30.6 | $ | 2,253,604 | ||||||||
Computer peripherals |
251,177 | 363,652 | - | 30.9 | 2,616,427 | |||||||||||
Business information products |
18,466 | 21,981 | - | 16.0 | 192,355 | |||||||||||
485,989 | 697,208 | - | 30.3 | 5,062,386 | ||||||||||||
Cameras |
246,056 | 310,416 | - | 20.7 | 2,563,083 | |||||||||||
Optical and other products |
61,740 | 98,270 | - | 37.2 | 643,125 | |||||||||||
Total |
¥ | 793,785 | ¥ | 1,105,894 | - | 28.2 | $ | 8,268,594 | ||||||||
Millions of yen |
Thousands of U.S. dollars |
|||||||||||||||
Three months | Three months | Three months | ||||||||||||||
Sales by region | ended | ended | Change(%) | ended | ||||||||||||
June 30, 2009 | June 30, 2008 | June 30, 2009 | ||||||||||||||
Japan |
¥ | 173,378 | ¥ | 218,818 | - | 20.8 | $ | 1,806,021 | ||||||||
Overseas: |
||||||||||||||||
Americas |
225,529 | 314,785 | - | 28.4 | 2,349,260 | |||||||||||
Europe |
239,108 | 379,508 | - | 37.0 | 2,490,708 | |||||||||||
Other areas |
155,770 | 192,783 | - | 19.2 | 1,622,605 | |||||||||||
620,407 | 887,076 | - | 30.1 | 6,462,573 | ||||||||||||
Total |
¥ | 793,785 | ¥ | 1,105,894 | - | 28.2 | $ | 8,268,594 | ||||||||
Results for the first half | Millions of yen |
Thousands of U.S. dollars |
||||||||||||||
Six months | Six months | Six months | ||||||||||||||
Sales by product | ended | ended | Change(%) | ended | ||||||||||||
June 30, 2009 | June 30, 2008 | June 30, 2009 | ||||||||||||||
Business machines: |
||||||||||||||||
Office imaging products |
¥ | 413,866 | ¥ | 599,099 | - | 30.9 | $ | 4,311,104 | ||||||||
Computer peripherals |
486,385 | 743,161 | - | 34.6 | 5,066,511 | |||||||||||
Business information products |
37,344 | 46,734 | - | 20.1 | 389,000 | |||||||||||
937,595 | 1,388,994 | - | 32.5 | 9,766,615 | ||||||||||||
Cameras |
411,605 | 529,411 | - | 22.3 | 4,287,552 | |||||||||||
Optical and other products |
131,619 | 195,027 | - | 32.5 | 1,371,031 | |||||||||||
Total |
¥ | 1,480,819 | ¥ | 2,113,432 | - | 29.9 | $ | 15,425,198 | ||||||||
Millions of yen |
Thousands of U.S. dollars |
||||||||||||||||
Six months | Six months | Six months | |||||||||||||||
Sales by region | ended | ended | Change(%) | ended | |||||||||||||
June 30, 2009 | June 30, 2008 | June 30, 2009 | |||||||||||||||
Japan |
¥ | 342,882 | ¥ | 446,599 | - | 23.2 | $ | 3,571,688 | |||||||||
Overseas: |
|||||||||||||||||
Americas |
401,860 | 585,449 | - | 31.4 | 4,186,042 | ||||||||||||
Europe |
449,175 | 716,624 | - | 37.3 | 4,678,906 | ||||||||||||
Other areas |
286,902 | 364,760 | - | 21.3 | 2,988,562 | ||||||||||||
1,137,937 | 1,666,833 | - | 31.7 | 11,853,510 | |||||||||||||
Total |
¥ | 1,480,819 | ¥ | 2,113,432 | - | 29.9 | $ | 15,425,198 | |||||||||
Notes: | 1. The primary products included in each of the product segments are as follows: |
|||
Business machines: |
||||
Office imaging products : Office network digital multifunction devices (MFDs) / Color network digital MFDs / |
||||
Office copying machines / Personal-use copying machines / Full-color copying machines |
||||
Computer peripherals : Laser beam printers / Inkjet multifunction peripherals / Single function inkjet printers / Image scanners |
||||
Business information products : Computer information systems / Document scanners / Personal information products |
||||
Cameras : Digital SLR cameras / Compact digital cameras / Interchangeable lenses / Digital video camcorders |
||||
Optical and other products : Semiconductor production equipment / Mirror projection mask aligners for LCD panels / |
||||
Broadcasting equipment / Medical equipment / Large format printers / Components |
||||
2. The principal countries and regions included in each regional category are as follows: |
||||
Americas: United States of America, Canada, Latin America / Europe: England, Germany, France, Netherlands / |
||||
Other Areas: Asian regions, China, Oceania |
- 8 -
CANON INC. AND SUBSIDIARIES | ||
CONSOLIDATED |
Thousands of | ||||||||||||
Millions of yen |
U.S. dollars | |||||||||||
Six months | Six months | Six months | ||||||||||
ended | ended | ended | ||||||||||
June 30, 2009 | June 30, 2008 | June 30, 2009 | ||||||||||
Cash flows from operating activities: |
||||||||||||
Consolidated net income |
¥ | 33,781 | ¥ | 221,907 | $ | 351,885 | ||||||
Adjustments to reconcile net income to net cash
provided by operating activities: |
||||||||||||
Depreciation and amortization |
155,003 | 163,690 | 1,614,615 | |||||||||
(Gain) loss on disposal of property, plant and equipment |
(2,977 | ) | 4,452 | (31,010 | ) | |||||||
Deferred income taxes |
11,367 | 2,057 | 118,406 | |||||||||
Decrease in trade receivables |
101,401 | 75,641 | 1,056,260 | |||||||||
(Increase) decrease in inventories |
98,766 | (55,714 | ) | 1,028,813 | ||||||||
Increase (decrease) in trade payables |
(146,775 | ) | 19,430 | (1,528,906 | ) | |||||||
Decrease in accrued income taxes |
(52,879 | ) | (43,889 | ) | (550,823 | ) | ||||||
Decrease in accrued expenses |
(40,676 | ) | (33,727 | ) | (423,708 | ) | ||||||
Increase (decrease) in accrued (prepaid) pension
and severance cost |
824 | (4,811 | ) | 8,583 | ||||||||
Other, net |
30,866 | (13,438 | ) | 321,520 | ||||||||
Net cash provided by operating activities |
188,701 | 335,598 | 1,965,635 | |||||||||
Cash flows from investing activities: |
||||||||||||
Purchases of fixed assets |
(195,449 | ) | (236,641 | ) | (2,035,927 | ) | ||||||
Proceeds from sale of fixed assets |
8,450 | 4,192 | 88,021 | |||||||||
Purchases of available-for-sale securities |
(50 | ) | (7,014 | ) | (521 | ) | ||||||
Proceeds from sale and maturity of available-for-sale securities |
241 | 4,062 | 2,510 | |||||||||
Increase in time deposits |
(20,153 | ) | (204 | ) | (209,927 | ) | ||||||
Acquisitions of subsidiaries, net of cash acquired |
(2,979 | ) | (209 | ) | (31,031 | ) | ||||||
Purchases of other investments |
(10,133 | ) | (44,509 | ) | (105,552 | ) | ||||||
Other, net |
1,741 | (9,218 | ) | 18,135 | ||||||||
Net cash used in investing activities |
(218,332 | ) | (289,541 | ) | (2,274,292 | ) | ||||||
Cash flows from financing activities: |
||||||||||||
Proceeds from issuance of long-term debt |
2,228 | 5,866 | 23,208 | |||||||||
Repayments of long-term debt |
(3,232 | ) | (3,646 | ) | (33,667 | ) | ||||||
Decrease in short-term loans |
(204 | ) | (2,670 | ) | (2,125 | ) | ||||||
Dividends paid |
(67,897 | ) | (75,663 | ) | (707,260 | ) | ||||||
Repurchases of treasury stock, net |
(18 | ) | (33 | ) | (188 | ) | ||||||
Other, net |
(2,237 | ) | (8,824 | ) | (23,301 | ) | ||||||
Net cash used in financing activities |
(71,360 | ) | (84,970 | ) | (743,333 | ) | ||||||
Effect of exchange rate changes on cash and cash equivalents |
25,360 | (39,155 | ) | 264,167 | ||||||||
Net change in cash and cash equivalents |
(75,631 | ) | (78,068 | ) | (787,823 | ) | ||||||
Cash and cash equivalents at beginning of period |
679,196 | 944,463 | 7,074,958 | |||||||||
Cash and cash equivalents at end of period |
¥ | 603,565 | ¥ | 866,395 | $ | 6,287,135 | ||||||
- 9 -
CANON INC. AND SUBSIDIARIES | ||
CONSOLIDATED | ||
5. NOTE FOR GOING CONCERN ASSUMPTION |
Thousands of | ||||||||||||||||
Results for the second quarter |
Millions of yen |
U.S. dollars |
||||||||||||||
Three months | Three months | Three months | ||||||||||||||
ended | ended | Change(%) | ended | |||||||||||||
June 30, 2009 | June 30, 2008 | June 30, 2009 | ||||||||||||||
Business Machines |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 485,989 | ¥ | 697,208 | - | 30.3 | $ | 5,062,386 | ||||||||
Intersegment |
- | - | - | - | ||||||||||||
Total |
485,989 | 697,208 | - | 30.3 | 5,062,386 | |||||||||||
Operating cost and expenses |
430,937 | 557,349 | - | 22.7 | 4,488,927 | |||||||||||
Operating profit |
¥ | 55,052 | ¥ | 139,859 | - | 60.6 | $ | 573,459 | ||||||||
Cameras |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 246,056 | ¥ | 310,416 | - | 20.7 | $ | 2,563,083 | ||||||||
Intersegment |
- | - | - | - | ||||||||||||
Total |
246,056 | 310,416 | - | 20.7 | 2,563,083 | |||||||||||
Operating cost and expenses |
207,276 | 243,557 | - | 14.9 | 2,159,125 | |||||||||||
Operating profit |
¥ | 38,780 | ¥ | 66,859 | - | 42.0 | $ | 403,958 | ||||||||
Optical and Other Products |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 61,740 | ¥ | 98,270 | - | 37.2 | $ | 643,125 | ||||||||
Intersegment |
48,470 | 65,702 | - | 26.2 | 504,896 | |||||||||||
Total |
110,210 | 163,972 | - | 32.8 | 1,148,021 | |||||||||||
Operating cost and expenses |
116,627 | 163,785 | - | 28.8 | 1,214,865 | |||||||||||
Operating profit (loss) |
¥ | (6,417 | ) | ¥ | 187 | - | $ | (66,844 | ) | |||||||
Corporate and Eliminations |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | - | ¥ | - | - | $ | - | |||||||||
Intersegment |
(48,470 | ) | (65,702 | ) | - | (504,896 | ) | |||||||||
Total |
(48,470 | ) | (65,702 | ) | - | (504,896 | ) | |||||||||
Operating cost and expenses |
(5,961 | ) | (18,950 | ) | - | (62,094 | ) | |||||||||
Operating profit (loss) |
¥ | (42,509 | ) | ¥ | (46,752 | ) | - | $ | (442,802 | ) | ||||||
Consolidated |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 793,785 | ¥ | 1,105,894 | - | 28.2 | $ | 8,268,594 | ||||||||
Intersegment |
- | - | - | - | ||||||||||||
Total |
793,785 | 1,105,894 | - | 28.2 | 8,268,594 | |||||||||||
Operating cost and expenses |
748,879 | 945,741 | - | 20.8 | 7,800,823 | |||||||||||
Operating profit |
¥ | 44,906 | ¥ | 160,153 | - | 72.0 | $ | 467,771 | ||||||||
Note: | General corporate expenses of JPY42,509 million (U.S.$442,802 thousand) and JPY46,542 million in the three months ended June 30, 2009 and 2008, respectively, are included in Corporate and Eliminations. |
- 10 -
CANON INC. AND SUBSIDIARIES | ||
CONSOLIDATED | ||
Thousands of | ||||||||||||||||
Results for the first half |
Millions of yen |
U.S. dollars |
||||||||||||||
Six months | Six months | Six months | ||||||||||||||
ended | ended | Change(%) | ended | |||||||||||||
June 30, 2009 | June 30, 2008 | June 30, 2009 | ||||||||||||||
Business Machines |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 937,595 | ¥ | 1,388,994 | - | 32.5 | $ | 9,766,615 | ||||||||
Intersegment |
- | - | - | - | ||||||||||||
Total |
937,595 | 1,388,994 | - | 32.5 | 9,766,615 | |||||||||||
Operating cost and expenses |
823,439 | 1,085,956 | - | 24.2 | 8,577,490 | |||||||||||
Operating profit |
¥ | 114,156 | ¥ | 303,038 | - | 62.3 | $ | 1,189,125 | ||||||||
Cameras |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 411,605 | ¥ | 529,411 | - | 22.3 | $ | 4,287,552 | ||||||||
Intersegment |
- | - | - | - | ||||||||||||
Total |
411,605 | 529,411 | - | 22.3 | 4,287,552 | |||||||||||
Operating cost and expenses |
364,995 | 416,826 | - | 12.4 | 3,802,031 | |||||||||||
Operating profit |
¥ | 46,610 | ¥ | 112,585 | - | 58.6 | $ | 485,521 | ||||||||
Optical and Other Products |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 131,619 | ¥ | 195,027 | - | 32.5 | $ | 1,371,031 | ||||||||
Intersegment |
89,684 | 121,917 | - | 26.4 | 934,208 | |||||||||||
Total |
221,303 | 316,944 | - | 30.2 | 2,305,239 | |||||||||||
Operating cost and expenses |
239,069 | 311,427 | - | 23.2 | 2,490,302 | |||||||||||
Operating profit (loss) |
¥ | (17,766 | ) | ¥ | 5,517 | - | $ | (185,063 | ) | |||||||
Corporate and Eliminations |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | - | ¥ | - | - | $ | - | |||||||||
Intersegment |
(89,684 | ) | (121,917 | ) | - | (934,208 | ) | |||||||||
Total |
(89,684 | ) | (121,917 | ) | - | (934,208 | ) | |||||||||
Operating cost and expenses |
(11,622 | ) | (31,760 | ) | - | (121,063 | ) | |||||||||
Operating profit (loss) |
¥ | (78,062 | ) | ¥ | (90,157 | ) | - | $ | (813,145 | ) | ||||||
Consolidated |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 1,480,819 | ¥ | 2,113,432 | - | 29.9 | $ | 15,425,198 | ||||||||
Intersegment |
- | - | - | - | ||||||||||||
Total |
1,480,819 | 2,113,432 | - | 29.9 | 15,425,198 | |||||||||||
Operating cost and expenses |
1,415,881 | 1,782,449 | - | 20.6 | 14,748,760 | |||||||||||
Operating profit |
¥ | 64,938 | ¥ | 330,983 | - | 80.4 | $ | 676,438 | ||||||||
Note: | General corporate expenses of JPY78,062 million (U.S.$813,146 thousand) and JPY89,837 million in the six months ended June 30, 2009 and 2008, respectively, are included in Corporate and Eliminations. |
- 11 -
CANON INC. AND SUBSIDIARIES | ||
CONSOLIDATED | ||
(2) SEGMENT INFORMATION BY GEOGRAPHIC AREA |
Thousands of | ||||||||||||||||
Results for the second quarter |
Millions of yen |
U.S. dollars |
||||||||||||||
Three months | Three months | Three months | ||||||||||||||
ended | ended | Change(%) | ended | |||||||||||||
June 30, 2009 | June 30, 2008 | June 30, 2009 | ||||||||||||||
Japan |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 202,506 | ¥ | 252,580 | - | 19.8 | $ | 2,109,438 | ||||||||
Intersegment |
415,184 | 606,674 | - | 31.6 | 4,324,833 | |||||||||||
Total |
617,690 | 859,254 | - | 28.1 | 6,434,271 | |||||||||||
Operating cost and expenses |
545,801 | 671,841 | - | 18.8 | 5,685,427 | |||||||||||
Operating profit |
¥ | 71,889 | ¥ | 187,413 | - | 61.6 | $ | 748,844 | ||||||||
Americas |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 220,095 | ¥ | 311,800 | - | 29.4 | $ | 2,292,656 | ||||||||
Intersegment |
187 | 1,360 | - | 86.3 | 1,948 | |||||||||||
Total |
220,282 | 313,160 | - | 29.7 | 2,294,604 | |||||||||||
Operating cost and expenses |
218,374 | 305,558 | - | 28.5 | 2,274,729 | |||||||||||
Operating profit |
¥ | 1,908 | ¥ | 7,602 | - | 74.9 | $ | 19,875 | ||||||||
Europe |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 238,750 | ¥ | 379,211 | - | 37.0 | $ | 2,486,979 | ||||||||
Intersegment |
502 | 1,545 | - | 67.5 | 5,229 | |||||||||||
Total |
239,252 | 380,756 | - | 37.2 | 2,492,208 | |||||||||||
Operating cost and expenses |
234,078 | 376,243 | - | 37.8 | 2,438,312 | |||||||||||
Operating profit |
¥ | 5,174 | ¥ | 4,513 | + | 14.6 | $ | 53,896 | ||||||||
Others |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 132,434 | ¥ | 162,303 | - | 18.4 | $ | 1,379,521 | ||||||||
Intersegment |
117,943 | 222,080 | - | 46.9 | 1,228,573 | |||||||||||
Total |
250,377 | 384,383 | - | 34.9 | 2,608,094 | |||||||||||
Operating cost and expenses |
240,985 | 375,296 | - | 35.8 | 2,510,261 | |||||||||||
Operating profit |
¥ | 9,392 | ¥ | 9,087 | + | 3.4 | $ | 97,833 | ||||||||
Corporate and Eliminations |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | - | ¥ | - | - | $ | - | |||||||||
Intersegment |
(533,816 | ) | (831,659 | ) | - | (5,560,583 | ) | |||||||||
Total |
(533,816 | ) | (831,659 | ) | - | (5,560,583 | ) | |||||||||
Operating cost and expenses |
(490,359 | ) | (783,197 | ) | - | (5,107,906 | ) | |||||||||
Operating profit (loss) |
¥ | (43,457 | ) | ¥ | (48,462 | ) | - | $ | (452,677 | ) | ||||||
Consolidated |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 793,785 | ¥ | 1,105,894 | - | 28.2 | $ | 8,268,594 | ||||||||
Intersegment |
- | - | - | - | ||||||||||||
Total |
793,785 | 1,105,894 | - | 28.2 | 8,268,594 | |||||||||||
Operating cost and expenses |
748,879 | 945,741 | - | 20.8 | 7,800,823 | |||||||||||
Operating profit |
¥ | 44,906 | ¥ | 160,153 | - | 72.0 | $ | 467,771 | ||||||||
Note: | General corporate expenses of JPY42,509 million (U.S.$442,802 thousand) and JPY46,542 million in the three months ended June 30, 2009 and 2008, respectively, are included in Corporate and Eliminations. |
- 12 -
CANON INC. AND SUBSIDIARIES | ||
CONSOLIDATED | ||
(2) SEGMENT INFORMATION BY GEOGRAPHIC AREA |
Results for the first half | Millions of yen | Thousands of U.S. dollars |
||||||||||||||
Six months | Six months | Six months | ||||||||||||||
ended | ended | Change(%) | ended | |||||||||||||
June 30, 2009 | June 30, 2008 | June 30, 2009 | ||||||||||||||
Japan |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 416,201 | ¥ | 501,874 | - | 17.1 | $ | 4,335,427 | ||||||||
Intersegment |
719,475 | 1,193,604 | - | 39.7 | 7,494,531 | |||||||||||
Total |
1,135,676 | 1,695,478 | - | 33.0 | 11,829,958 | |||||||||||
Operating cost and expenses |
1,029,739 | 1,330,652 | - | 22.6 | 10,726,448 | |||||||||||
Operating profit |
¥ | 105,937 | ¥ | 364,826 | - | 71.0 | $ | 1,103,510 | ||||||||
Americas |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 391,236 | ¥ | 581,309 | - | 32.7 | $ | 4,075,375 | ||||||||
Intersegment |
965 | 1,698 | - | 43.2 | 10,052 | |||||||||||
Total |
392,201 | 583,007 | - | 32.7 | 4,085,427 | |||||||||||
Operating cost and expenses |
390,432 | 570,535 | - | 31.6 | 4,067,000 | |||||||||||
Operating profit |
¥ | 1,769 | ¥ | 12,472 | - | 85.8 | $ | 18,427 | ||||||||
Europe |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 447,612 | ¥ | 715,716 | - | 37.5 | $ | 4,662,625 | ||||||||
Intersegment |
937 | 2,378 | - | 60.6 | 9,760 | |||||||||||
Total |
448,549 | 718,094 | - | 37.5 | 4,672,385 | |||||||||||
Operating cost and expenses |
435,064 | 700,913 | - | 37.9 | 4,531,916 | |||||||||||
Operating profit |
¥ | 13,485 | ¥ | 17,181 | - | 21.5 | $ | 140,469 | ||||||||
Others |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 225,770 | ¥ | 314,533 | - | 28.2 | $ | 2,351,771 | ||||||||
Intersegment |
208,295 | 386,513 | - | 46.1 | 2,169,739 | |||||||||||
Total |
434,065 | 701,046 | - | 38.1 | 4,521,510 | |||||||||||
Operating cost and expenses |
420,583 | 674,447 | - | 37.6 | 4,381,072 | |||||||||||
Operating profit |
¥ | 13,482 | ¥ | 26,599 | - | 49.3 | $ | 140,438 | ||||||||
Corporate and Eliminations |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | - | ¥ | - | - | $ | - | |||||||||
Intersegment |
(929,672 | ) | (1,584,193 | ) | - | (9,684,082 | ) | |||||||||
Total |
(929,672 | ) | (1,584,193 | ) | - | (9,684,082 | ) | |||||||||
Operating cost and expenses |
(859,937 | ) | (1,494,098 | ) | - | (8,957,676 | ) | |||||||||
Operating profit (loss) |
¥ | (69,735 | ) | ¥ | (90,095 | ) | - | $ | (726,406 | ) | ||||||
Consolidated |
||||||||||||||||
Net sales: |
||||||||||||||||
Unaffiliated customers |
¥ | 1,480,819 | ¥ | 2,113,432 | - | 29.9 | $ | 15,425,198 | ||||||||
Intersegment |
- | - | - | - | ||||||||||||
Total |
1,480,819 | 2,113,432 | - | 29.9 | 15,425,198 | |||||||||||
Operating cost and expenses |
1,415,881 | 1,782,449 | - | 20.6 | 14,748,760 | |||||||||||
Operating profit |
¥ | 64,938 | ¥ | 330,983 | - | 80.4 | $ | 676,438 | ||||||||
Note: | General corporate expenses of JPY78,062 million (U.S.$813,146 thousand) and JPY89,837 million in the six months ended June 30, 2009 and 2008, respectively, are included in Corporate and Eliminations. |
- 13 -
CANON INC. AND SUBSIDIARIES | ||
CONSOLIDATED | ||
7. SIGNIFICANT CHANGES IN CANON INC. STOCKHOLDERS EQUITY |
1. | Number of Group Companies |
June 30, 2009 | December 31, 2008 | Change | |||||||||||||||
Subsidiaries |
240 | 245 | (5) | ||||||||||||||
Affiliates |
16 | 18 | (2) | ||||||||||||||
Total |
256 | 263 | (7) | ||||||||||||||
2. | Change in Group Entities |
Subsidiaries | ||
Addition:
|
6 companies | |
Removal:
|
11 companies | |
Affiliates (Carried at Equity Basis) | ||
Addition:
|
1 company | |
Removal:
|
3 companies |
3. | Subsidiaries Listed on Domestic Stock Exchange | ||
Tokyo Stock Exchange (1st section): Canon Marketing Japan Inc., Canon Electronics Inc., Canon Finetech Inc. | |||
Tokyo Stock Exchange (2nd section): Canon Software Inc. | |||
Osaka Securities Exchange (2nd section): Canon Machinery Inc. | |||
JASDAQ: Tokki Corporation, Asia Pacific System Research Co., Ltd. | |||
Osaka Securities Exchange (Hercules): e-System Corporation |
- 14 -
PAGE | ||||||||||||
1. | SALES BY REGION AND PRODUCT |
S | 1 | |||||||||
2. | SEGMENT INFORMATION BY PRODUCT |
S | 2 | |||||||||
3. | OTHER INCOME / DEDUCTIONS |
S | 2 | |||||||||
4. | SALES COMPOSITION BY PRODUCT |
S | 3 | |||||||||
5. | SALES GROWTH IN LOCAL CURRENCY (Year over year) |
S | 3 | |||||||||
6. | PROFITABILITY |
S | 4 | |||||||||
7. | IMPACT OF FOREIGN EXCHANGE RATES |
S | 4 | |||||||||
8. | STATEMENTS OF CASH FLOWS |
S | 4 | |||||||||
9. | R&D EXPENDITURE |
S | 5 | |||||||||
10. | CAPITAL EXPENDITURE & DEPRECIATION AND AMORTIZATION |
S | 5 | |||||||||
11. | INVENTORIES |
S | 5 | |||||||||
12. | DEBT RATIO |
S | 5 | |||||||||
13. | OVERSEAS PRODUCTION RATIO |
S | 5 | |||||||||
14. | NUMBER OF EMPLOYEES |
S | 5 |
1. SALES BY REGION AND PRODUCT | (Millions of yen) |
2009 |
2008 |
Change year over year |
|||||||||||||||||||||||||||||||||||||||||||||||
2nd quarter | 1st half | Year (P) |
2nd quarter | 1st half | Year | 2nd quarter | 1st half | Year | |||||||||||||||||||||||||||||||||||||||||
Japan |
|||||||||||||||||||||||||||||||||||||||||||||||||
Business machines |
129,075 | 251,735 | - | 153,984 | 309,484 | 607,015 | -16.2 | % | -18.7 | % | - | ||||||||||||||||||||||||||||||||||||||
Office imaging products |
73,313 | 147,944 | - | 95,927 | 194,330 | 370,901 | -23.6 | % | -23.9 | % | - | ||||||||||||||||||||||||||||||||||||||
Computer peripherals |
44,116 | 79,738 | - | 45,175 | 86,585 | 184,945 | -2.3 | % | -7.9 | % | - | ||||||||||||||||||||||||||||||||||||||
Business information products |
11,646 | 24,053 | - | 12,882 | 28,569 | 51,169 | -9.6 | % | -15.8 | % | - | ||||||||||||||||||||||||||||||||||||||
Cameras |
27,805 | 51,146 | - | 34,284 | 67,632 | 136,791 | -18.9 | % | -24.4 | % | - | ||||||||||||||||||||||||||||||||||||||
Optical and other products |
16,498 | 40,001 | - | 30,550 | 69,483 | 124,474 | -46.0 | % | -42.4 | % | - | ||||||||||||||||||||||||||||||||||||||
Total |
173,378 | 342,882 | 723,300 | 218,818 | 446,599 | 868,280 | -20.8 | % | -23.2 | % | -16.7% | ||||||||||||||||||||||||||||||||||||||
Overseas |
|||||||||||||||||||||||||||||||||||||||||||||||||
Business machines |
356,914 | 685,860 | - | 543,224 | 1,079,510 | 2,053,004 | -34.3 | % | -36.5 | % | - | ||||||||||||||||||||||||||||||||||||||
Office imaging products |
143,033 | 265,922 | - | 215,648 | 404,769 | 748,622 | -33.7 | % | -34.3 | % | - | ||||||||||||||||||||||||||||||||||||||
Computer peripherals |
207,061 | 406,647 | - | 318,477 | 656,576 | 1,269,823 | -35.0 | % | -38.1 | % | - | ||||||||||||||||||||||||||||||||||||||
Business information products |
6,820 | 13,291 | - | 9,099 | 18,165 | 34,559 | -25.0 | % | -26.8 | % | - | ||||||||||||||||||||||||||||||||||||||
Cameras |
218,251 | 360,459 | - | 276,132 | 461,779 | 905,156 | -21.0 | % | -21.9 | % | - | ||||||||||||||||||||||||||||||||||||||
Optical and other products |
45,242 | 91,618 | - | 67,720 | 125,544 | 267,721 | -33.2 | % | -27.0 | % | - | ||||||||||||||||||||||||||||||||||||||
Total |
620,407 | 1,137,937 | 2,476,700 | 887,076 | 1,666,833 | 3,225,881 | -30.1 | % | -31.7 | % | -23.2% | ||||||||||||||||||||||||||||||||||||||
Americas |
|||||||||||||||||||||||||||||||||||||||||||||||||
Business machines |
135,767 | 255,246 | - | 197,333 | 391,114 | 759,864 | -31.2 | % | -34.7 | % | - | ||||||||||||||||||||||||||||||||||||||
Office imaging products |
49,495 | 93,486 | - | 81,019 | 151,898 | 287,319 | -38.9 | % | -38.5 | % | - | ||||||||||||||||||||||||||||||||||||||
Computer peripherals |
83,191 | 155,929 | - | 112,461 | 231,146 | 457,816 | -26.0 | % | -32.5 | % | - | ||||||||||||||||||||||||||||||||||||||
Business information products |
3,081 | 5,831 | - | 3,853 | 8,070 | 14,729 | -20.0 | % | -27.7 | % | - | ||||||||||||||||||||||||||||||||||||||
Cameras |
75,949 | 121,274 | - | 103,248 | 167,514 | 339,141 | -26.4 | % | -27.6 | % | - | ||||||||||||||||||||||||||||||||||||||
Optical and other products |
13,813 | 25,340 | - | 14,204 | 26,821 | 55,566 | -2.8 | % | -5.5 | % | - | ||||||||||||||||||||||||||||||||||||||
Total |
225,529 | 401,860 | 903,200 | 314,785 | 585,449 | 1,154,571 | -28.4 | % | -31.4 | % | -21.8% | ||||||||||||||||||||||||||||||||||||||
Europe |
|||||||||||||||||||||||||||||||||||||||||||||||||
Business machines |
154,248 | 309,003 | - | 257,620 | 515,385 | 964,782 | -40.1 | % | -40.0 | % | - | ||||||||||||||||||||||||||||||||||||||
Office imaging products |
72,776 | 134,356 | - | 106,645 | 201,060 | 364,288 | -31.8 | % | -33.2 | % | - | ||||||||||||||||||||||||||||||||||||||
Computer peripherals |
78,387 | 168,412 | - | 146,867 | 306,103 | 584,247 | -46.6 | % | -45.0 | % | - | ||||||||||||||||||||||||||||||||||||||
Business information products |
3,085 | 6,235 | - | 4,108 | 8,222 | 16,247 | -24.9 | % | -24.2 | % | - | ||||||||||||||||||||||||||||||||||||||
Cameras |
77,601 | 125,635 | - | 110,325 | 179,416 | 333,069 | -29.7 | % | -30.0 | % | - | ||||||||||||||||||||||||||||||||||||||
Optical and other products |
7,259 | 14,537 | - | 11,563 | 21,823 | 43,549 | -37.2 | % | -33.4 | % | - | ||||||||||||||||||||||||||||||||||||||
Total |
239,108 | 449,175 | 986,400 | 379,508 | 716,624 | 1,341,400 | -37.0 | % | -37.3 | % | -26.5% | ||||||||||||||||||||||||||||||||||||||
Other areas |
|||||||||||||||||||||||||||||||||||||||||||||||||
Business machines |
66,899 | 121,611 | - | 88,271 | 173,011 | 328,358 | -24.2 | % | -29.7 | % | - | ||||||||||||||||||||||||||||||||||||||
Office imaging products |
20,762 | 38,080 | - | 27,984 | 51,811 | 97,015 | -25.8 | % | -26.5 | % | - | ||||||||||||||||||||||||||||||||||||||
Computer peripherals |
45,483 | 82,306 | - | 59,149 | 119,327 | 227,760 | -23.1 | % | -31.0 | % | - | ||||||||||||||||||||||||||||||||||||||
Business information products |
654 | 1,225 | - | 1,138 | 1,873 | 3,583 | -42.5 | % | -34.6 | % | - | ||||||||||||||||||||||||||||||||||||||
Cameras |
64,701 | 113,550 | - | 62,559 | 114,849 | 232,946 | +3.4 | % | -1.1 | % | - | ||||||||||||||||||||||||||||||||||||||
Optical and other products |
24,170 | 51,741 | - | 41,953 | 76,900 | 168,606 | -42.4 | % | -32.7 | % | - | ||||||||||||||||||||||||||||||||||||||
Total |
155,770 | 286,902 | 587,100 | 192,783 | 364,760 | 729,910 | -19.2 | % | -21.3 | % | -19.6% | ||||||||||||||||||||||||||||||||||||||
Total |
|||||||||||||||||||||||||||||||||||||||||||||||||
Business machines |
485,989 | 937,595 | 2,032,700 | 697,208 | 1,388,994 | 2,660,019 | -30.3 | % | -32.5 | % | -23.6% | ||||||||||||||||||||||||||||||||||||||
Office imaging products |
216,346 | 413,866 | 814,800 | 311,575 | 599,099 | 1,119,523 | -30.6 | % | -30.9 | % | -27.2% | ||||||||||||||||||||||||||||||||||||||
Computer peripherals |
251,177 | 486,385 | 1,142,300 | 363,652 | 743,161 | 1,454,768 | -30.9 | % | -34.6 | % | -21.5% | ||||||||||||||||||||||||||||||||||||||
Business information products |
18,466 | 37,344 | 75,600 | 21,981 | 46,734 | 85,728 | -16.0 | % | -20.1 | % | -11.8% | ||||||||||||||||||||||||||||||||||||||
Cameras |
246,056 | 411,605 | 907,600 | 310,416 | 529,411 | 1,041,947 | -20.7 | % | -22.3 | % | -12.9% | ||||||||||||||||||||||||||||||||||||||
Optical and other products |
61,740 | 131,619 | 259,700 | 98,270 | 195,027 | 392,195 | -37.2 | % | -32.5 | % | -33.8% | ||||||||||||||||||||||||||||||||||||||
Total |
793,785 | 1,480,819 | 3,200,000 | 1,105,894 | 2,113,432 | 4,094,161 | -28.2 | % | -29.9 | % | -21.8% | ||||||||||||||||||||||||||||||||||||||
- S1 -
2. SEGMENT INFORMATION BY PRODUCT | (Millions of yen) |
2009 |
2008 | Change year over year | ||||||||||||||||||||||||||||||||||||||||||||||
2nd quarter | 1st half | Year (P) |
2nd quarter | 1st half | Year | 2nd quarter | 1st half | Year | ||||||||||||||||||||||||||||||||||||||||
Business machines |
||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated customers |
485,989 | 937,595 | 2,032,700 | 697,208 | 1,388,994 | 2,660,019 | -30.3% | -32.5% | -23.6% | |||||||||||||||||||||||||||||||||||||||
Intersegment |
- | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||
Total sales |
485,989 | 937,595 | 2,032,700 | 697,208 | 1,388,994 | 2,660,019 | -30.3% | -32.5% | -23.6% | |||||||||||||||||||||||||||||||||||||||
Operating profit |
55,052 | 114,156 | 277,800 | 139,859 | 303,038 | 544,644 | -60.6% | -62.3% | -49.0% | |||||||||||||||||||||||||||||||||||||||
% of sales |
11.3% | 12.2% | 13.7% | 20.1% | 21.8% | 20.5% | - | - | - | |||||||||||||||||||||||||||||||||||||||
Cameras |
||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated customers |
246,056 | 411,605 | 907,600 | 310,416 | 529,411 | 1,041,947 | -20.7% | -22.3% | -12.9% | |||||||||||||||||||||||||||||||||||||||
Intersegment |
- | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||
Total sales |
246,056 | 411,605 | 907,600 | 310,416 | 529,411 | 1,041,947 | -20.7% | -22.3% | -12.9% | |||||||||||||||||||||||||||||||||||||||
Operating profit |
38,780 | 46,610 | 97,400 | 66,859 | 112,585 | 187,787 | -42.0% | -58.6% | -48.1% | |||||||||||||||||||||||||||||||||||||||
% of sales |
15.8% | 11.3% | 10.7% | 21.5% | 21.3% | 18.0% | - | - | - | |||||||||||||||||||||||||||||||||||||||
Optical and other products |
||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated customers |
61,740 | 131,619 | 259,700 | 98,270 | 195,027 | 392,195 | -37.2% | -32.5% | -33.8% | |||||||||||||||||||||||||||||||||||||||
Intersegment |
48,470 | 89,684 | 181,300 | 65,702 | 121,917 | 235,690 | -26.2% | -26.4% | -23.1% | |||||||||||||||||||||||||||||||||||||||
Total sales |
110,210 | 221,303 | 441,000 | 163,972 | 316,944 | 627,885 | -32.8% | -30.2% | -29.8% | |||||||||||||||||||||||||||||||||||||||
Operating profit |
(6,417 | ) | (17,766 | ) | (30,200 | ) | 187 | 5,517 | (45,490 | ) | - | - | - | |||||||||||||||||||||||||||||||||||
% of sales |
-5.8% | -8.0% | -6.8% | 0.1% | 1.7% | -7.2% | - | - | - | |||||||||||||||||||||||||||||||||||||||
Corporate and Eliminations |
||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated customers |
- | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||
Intersegment |
(48,470 | ) | (89,684 | ) | (181,300 | ) | (65,702 | ) | (121,917 | ) | (235,690 | ) | - | - | - | |||||||||||||||||||||||||||||||||
Total sales |
(48,470 | ) | (89,684 | ) | (181,300 | ) | (65,702 | ) | (121,917 | ) | (235,690 | ) | - | - | - | |||||||||||||||||||||||||||||||||
Operating profit |
(42,509 | ) | (78,062 | ) | (155,000 | ) | (46,752 | ) | (90,157 | ) | (190,867 | ) | - | - | - | |||||||||||||||||||||||||||||||||
Consolidated |
||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated customers |
793,785 | 1,480,819 | 3,200,000 | 1,105,894 | 2,113,432 | 4,094,161 | -28.2% | -29.9% | -21.8% | |||||||||||||||||||||||||||||||||||||||
Intersegment |
- | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||
Total sales |
793,785 | 1,480,819 | 3,200,000 | 1,105,894 | 2,113,432 | 4,094,161 | -28.2% | -29.9% | -21.8% | |||||||||||||||||||||||||||||||||||||||
Operating profit |
44,906 | 64,938 | 190,000 | 160,153 | 330,983 | 496,074 | -72.0% | -80.4% | -61.7% | |||||||||||||||||||||||||||||||||||||||
% of sales |
5.7% | 4.4% | 5.9% | 14.5% | 15.7% | 12.1% | - | - | - | |||||||||||||||||||||||||||||||||||||||
(P)=Projection | ||||||||||||||||||||||||||||||||||||||||||||||||
3. OTHER INCOME / DEDUCTIONS | (Millions of yen) | |||||||||||||||||||||||||||||||||||||||||||||||
2009 |
2008 | Change year over year | ||||||||||||||||||||||||||||||||||||||||||||||
2nd quarter | 1st half | Year (P) |
2nd quarter | 1st half | Year | 2nd quarter | 1st half | Year | ||||||||||||||||||||||||||||||||||||||||
Interest and dividend, net |
1,220 | 2,570 | 3,000 | 4,522 | 10,303 | 18,605 | (3,302 | ) | (7,733 | ) | (15,605 | ) | ||||||||||||||||||||||||||||||||||||
Forex gain / loss |
(5,708 | ) | (1,953 | ) | (3,100 | ) | 5,462 | (5,114 | ) | (11,212 | ) | (11,170 | ) | +3,161 | +8,112 | |||||||||||||||||||||||||||||||||
Equity earnings / loss
of affiliated companies |
(6,707 | ) | (12,013 | ) | (15,300 | ) | (1,217 | ) | (1,053 | ) | (20,047 | ) | (5,490 | ) | (10,960 | ) | +4,747 | |||||||||||||||||||||||||||||||
Other, net |
1,781 | 4,344 | 5,400 | 3,683 | 4,126 | (2,273 | ) | (1,902 | ) | +218 | +7,673 | |||||||||||||||||||||||||||||||||||||
Total |
(9,414 | ) | (7,052 | ) | (10,000 | ) | 12,450 | 8,262 | (14,927 | ) | (21,864 | ) | (15,314 | ) | +4,927 | |||||||||||||||||||||||||||||||||
- S2 -
2009 | 2008 | |||||||||||||||||||||||||||||||
2nd quarter | 1st half | Year (P) |
2nd quarter | 1st half | Year | |||||||||||||||||||||||||||
Office imaging products | ||||||||||||||||||||||||||||||||
Monochrome copying machines |
40% | 40% | 38% | 42% | 42% | 41% | ||||||||||||||||||||||||||
Color copying machines |
38% | 37% | 37% | 37% | 37% | 37% | ||||||||||||||||||||||||||
Others |
22% | 23% | 25% | 21% | 21% | 22% | ||||||||||||||||||||||||||
Computer peripherals | ||||||||||||||||||||||||||||||||
Laser beam printers |
68% | 69% | 70% | 73% | 74% | 73% | ||||||||||||||||||||||||||
Inkjet printers |
31% | 30% | 29% | 26% | 25% | 26% | ||||||||||||||||||||||||||
Others |
1% | 1% | 1% | 1% | 1% | 1% | ||||||||||||||||||||||||||
Business information products | ||||||||||||||||||||||||||||||||
Personal computers |
65% | 65% | 64% | 58% | 60% | 60% | ||||||||||||||||||||||||||
Others |
35% | 35% | 36% | 42% | 40% | 40% | ||||||||||||||||||||||||||
Cameras | ||||||||||||||||||||||||||||||||
Digital cameras |
78% | 78% | 79% | 75% | 75% | 75% | ||||||||||||||||||||||||||
Video cameras |
7% | 7% | 8% | 9% | 8% | 9% | ||||||||||||||||||||||||||
Interchangeable lenses and others |
15% | 15% | 13% | 16% | 17% | 16% | ||||||||||||||||||||||||||
Optical and other products | ||||||||||||||||||||||||||||||||
Semiconductor production equipment |
34% | 34% | 28% | 47% | 47% | 46% | ||||||||||||||||||||||||||
Others |
66% | 66% | 72% | 53% | 53% | 54% | ||||||||||||||||||||||||||
(P)=Projection | ||||||||||||||||||||||||||||||||
5. SALES GROWTH IN LOCAL CURRENCY (Year over year) | ||||||||||||||||||||||||||||||||
2009 |
||||||||||||||||||||||||||||||||
2nd quarter | 1st half | Year (P) |
||||||||||||||||||||||||||||||
Business machines |
||||||||||||||||||||||||||||||||
Japan |
-16.2% | -18.7% | - | |||||||||||||||||||||||||||||
Overseas |
-25.7% | -26.8% | - | |||||||||||||||||||||||||||||
Total |
-23.6% | -25.0% | -17.2% | |||||||||||||||||||||||||||||
Cameras
|
||||||||||||||||||||||||||||||||
Japan |
-18.9% | -24.4% | - | |||||||||||||||||||||||||||||
Overseas |
-10.3% | -9.9% | - | |||||||||||||||||||||||||||||
Total |
-11.3% | -11.8% | -4.7% | |||||||||||||||||||||||||||||
Optical and other products |
||||||||||||||||||||||||||||||||
Japan |
-46.0% | -42.4% | - | |||||||||||||||||||||||||||||
Overseas |
-28.4% | -21.4% | - | |||||||||||||||||||||||||||||
Total |
-33.9% | -28.9% | -30.8% | |||||||||||||||||||||||||||||
Total |
||||||||||||||||||||||||||||||||
Japan |
-20.8% | -23.2% | -16.7% | |||||||||||||||||||||||||||||
Overseas |
-21.1% | -21.7% | -15.0% | |||||||||||||||||||||||||||||
Americas |
-23.0% | -25.1% | -15.7% | |||||||||||||||||||||||||||||
Europe |
-24.2% | -23.2% | -15.6% | |||||||||||||||||||||||||||||
Other areas |
-12.0% | -13.2% | -12.7% | |||||||||||||||||||||||||||||
Total |
-21.0% | -22.0% | -15.3% | |||||||||||||||||||||||||||||
(P)=Projection |
- S3 -
2009 | 2008 | |||||||||||||||||||||||||||
1st half | Year (P) | 1st half | Year | |||||||||||||||||||||||||
ROE *1 |
2.5% | 4.2% | 14.5% | 11.1% | ||||||||||||||||||||||||
ROA *2 |
1.7% | 2.8% | 9.6% | 7.3% | ||||||||||||||||||||||||
* 1 Based on Net Income attributable to Canon Inc. and Total Canon Inc. stockholders equity | (P)=Projection | |||||||||||||||||||||||||||
* 2 Based on Net Income attributable to Canon Inc. | ||||||||||||||||||||||||||||
7. IMPACT OF FOREIGN EXCHANGE RATES | ||||||||||||||||||||||||||||
(1) Exchange rates | (Yen) | |||||||||||||||||||||||||||
2009 | 2008 | |||||||||||||||||||||||||||
1st half | 2nd half (P) | Year (P) | 1st half | Year | ||||||||||||||||||||||||
Yen/US$ |
95.74 | 95.00 | 95.33 | 104.69 | 103.23 | |||||||||||||||||||||||
Yen/Euro |
127.50 | 130.00 | 128.85 | 160.69 | 151.46 | |||||||||||||||||||||||
(P)=Projection | ||||||||||||||||||||||||||||
(2) Impact of foreign exchange rates on sales (Year over year) | (Billions of yen) | |||||||||||||||||||||||||||
2009 | ||||||||||||||||||||||||||||
1st half | Year (P) | |||||||||||||||||||||||||||
US$ |
(48.5) | (98.4) | ||||||||||||||||||||||||||
Euro |
(88.8) | (123.7) | ||||||||||||||||||||||||||
Other currencies |
(13.3) | (21.4) | ||||||||||||||||||||||||||
Total |
(150.6) | (243.5) | ||||||||||||||||||||||||||
(P)=Projection | ||||||||||||||||||||||||||||
(3) Impact of foreign exchange rates per yen | (Billions of yen) | |||||||||||||||||||||||||||
2009 | ||||||||||||||||||||||||||||
2nd half (P) | ||||||||||||||||||||||||||||
On sales |
||||||||||||||||||||||||||||
US$ |
7.7 | |||||||||||||||||||||||||||
Euro |
3.1 | |||||||||||||||||||||||||||
On operating profit |
||||||||||||||||||||||||||||
US$ |
4.2 | |||||||||||||||||||||||||||
Euro |
2.3 | |||||||||||||||||||||||||||
(P)=Projection |
8. STATEMENTS OF CASH FLOWS | (Millions of yen) |
2009 | 2008 | |||||||||||||||||||||
1st half | Year (P) | 1st half | Year | |||||||||||||||||||
Net cash provided by operating activities |
188,701 | 465,000 | 335,598 | 616,684 | ||||||||||||||||||
Net cash used in investing activities |
(218,332) | (355,000) | (289,541) | (472,480) | ||||||||||||||||||
Free cash flow |
(29,631) | 110,000 | 46,057 | 144,204 | ||||||||||||||||||
Net cash used in financing activities |
(71,360) | (144,000) | (84,970) | (277,565) | ||||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents |
25,360 | 4,800 | (39,155) | (131,906) | ||||||||||||||||||
Net change in cash and cash equivalents |
(75,631) | (29,200) | (78,068) | (265,267) | ||||||||||||||||||
Cash and cash equivalents at end of period |
603,565 | 650,000 | 866,395 | 679,196 | ||||||||||||||||||
(P)=Projection |
* | In connection with the adoption of SFAS No. 160, only the total of net cash provided by operating activities will be provided from first-quarter 2009. |
- S4 -
9. R&D EXPENDITURE | (Millions of yen) | |||||||||||||||||||||||
2009 |
2008 |
|||||||||||||||||||||||
1st half | Year (P) | 1st half | Year | |||||||||||||||||||||
Business machines | 49,653 | - | 60,838 | 123,531 | ||||||||||||||||||||
Cameras | 22,146 | - | 23,628 | 45,458 | ||||||||||||||||||||
Optical and other products | 81,807 | - | 90,997 | 205,036 | ||||||||||||||||||||
Total
|
153,606 | 310,000 | 175,463 | 374,025 | ||||||||||||||||||||
% | of sales | 10.4% | 9.7% | 8.3% | 9.1% | |||||||||||||||||||
(P)=Projection | ||||||||||||||||||||||||
10. INCREASE IN PP&E & DEPRECIATION AND AMORTIZATION | ||||||||||||||||||||||||
(Millions of yen) | ||||||||||||||||||||||||
2009 | 2008 | |||||||||||||||||||||||
1st half | Year (P) | 1st half | Year | |||||||||||||||||||||
Increase in PP&E | 133,379 | 280,000 | 174,677 | 361,988 | ||||||||||||||||||||
Depreciation and amortization | 155,003 | 325,000 | 163,690 | 341,337 | ||||||||||||||||||||
(P)=Projection | ||||||||||||||||||||||||
11. INVENTORIES | ||||||||||||||||||||||||
(1) Inventories | (Millions of yen) | |||||||||||||||||||||||
2009 | 2008 | Difference | ||||||||||||||||||||||
Jun.30 | Dec.31 | |||||||||||||||||||||||
Business machines | 200,627 | 234,958 | (34,331) | |||||||||||||||||||||
Cameras | 79,490 | 115,852 | (36,362) | |||||||||||||||||||||
Optical and other products | 143,872 | 156,109 | (12,237) | |||||||||||||||||||||
Total
|
423,989 | 506,919 | (82,930) | |||||||||||||||||||||
(2) Inventories/Sales* | (Days) | |||||||||||||||||||||||
2009 | 2008 | Difference | ||||||||||||||||||||||
Jun.30 | Dec.31 | |||||||||||||||||||||||
Business machines | 39 | 34 | +5 | |||||||||||||||||||||
Cameras | 35 | 41 | (6) | |||||||||||||||||||||
Optical and other products | 199 | 144 | +55 | |||||||||||||||||||||
Total
|
52 | 47 | +5 | |||||||||||||||||||||
*Index based on the previous six months sales. | ||||||||||||||||||||||||
12. DEBT RATIO | ||||||||||||||||||||||||
2009 | 2008 | Difference | ||||||||||||||||||||||
Jun.30 | Dec.31 | |||||||||||||||||||||||
Total debt / Total assets | 0.3% | 0.4% | -0.1% | |||||||||||||||||||||
13. OVERSEAS PRODUCTION RATIO | ||||||||||||||||||||||||
2009 | 2008 | |||||||||||||||||||||||
1st half | Year | |||||||||||||||||||||||
Overseas production ratio | 36% | 39% | ||||||||||||||||||||||
14. NUMBER OF EMPLOYEES | ||||||||||||||||||||||||
2009 | 2008 | Difference | ||||||||||||||||||||||
Jun.30 | Dec.31 | |||||||||||||||||||||||
Japan | 74,831 | 72,445 | +2,386 | |||||||||||||||||||||
Overseas | 90,487 | 94,535 | (4,048 | ) | ||||||||||||||||||||
Total
|
165,318 | 166,980 | (1,662 | ) | ||||||||||||||||||||
- S5 -