FORM 6-K
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of ..... August..........................................................     , 2010......
CANON INC.
 
(Translation of registrant’s name into English)
30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo 146-8501, Japan
 

(Address of principal executive offices)
     [Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F           X          Form 40-F                    
     [Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes                    No           X          
     [If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82-.....................

 


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
         
  CANON INC.    
  (Registrant)
 
 
Date....August     25,     2010....    By...../s/...... Masashiro Kobayashi ........................    
  (Signature)*                    
 

     Masashiro   Kobayashi
     General Manager
     Global Finance Management Center
     Canon Inc. 
 
 
*Print the name and title of the signing officer under his signature.
The following materials are included.
1. Interim Report For The 110th Business Term From January 1,2010 to June 30,2010 Canon Inc.

 


 

(COVER PAGE)

 


 

To Our Shareholders
 
     We are pleased to present our report for the summary of the first half of our 110th business term (from January 1, 2010 to June 30, 2010).
     The overall global economy during the first half of the current business term saw a general, modest recovery trend. Although the European economies stagnated slightly reeling from the Greek financial problem and other issues, consumer spending turned upward in the U.S. and performance in the Asia region was robust as internal demand expanded in China and India. Despite lingering uncertainties about the future in areas such as capital investment, the Japanese economy witnessed an upturn in exports, which led to a gradual reemergence of the economy. In foreign exchange markets, compared with the first half of the previous business term, the yen traded at high levels against both the U.S. dollar and the euro.
     As to the conditions of the markets in which the Canon Group operates, in the office-use market, the recovery in demand for network multifunction devices proceeded steadily mostly for color machines, while laser printers enjoyed a stronger reemergence than that of the second half of last year and demand for large-format printers also increased. In consumer markets, there was good demand for our digital single lens reflex (SLR) cameras while compact digital cameras grew tremendously in emerging countries and inkjet printers recovered. The order environment for semiconductor lithography equipment and LCD lithography equipment also started showing positive signs.
     Under such business conditions, the Canon Group has designated 2010, the final year of Phase III (2006 to 2010) of our “Excellent Global Corporation Plan,” as the first year in a new era of growth, a turning point to the growth mode. We focused on introducing innovative products and services, enhancing the sales system in China and other Asian countries, reinforcing our office equipment business through the consolidation of Océ N.V., accelerating cost-reduction activities, effecting thorough inventory reductions and resource optimization, and committing totally to “quality first.”

1


 

 
 
     As to the earnings for the first half of the current business term, on a consolidated basis, we recorded net sales of 1,725.9 billion yen (up 16.5% from the first half of 2009), income before income taxes of 201.5 billion yen (up 248.1%), and net income attributable to Canon Inc. of 124.4 billion yen (up 273.2%). Also on a non-consolidated basis, we recorded net sales of 1,108.8 billion yen (up 26.0%), ordinary profit of 156.1 billion yen (up 348.9%), and net income of 79.5 billion yen (up 277.1%).
     For the interim dividend, we have decided to pay 55.0 yen per share from August 27.
     For the second half, although we expect the economic recovery to continue, there is the risk of a slowdown in the global economic recovery caused by the instability and credit contraction in the financial markets mostly in Europe and it leaves no room for optimism. Under such circumstances, we expect intensifying market competition and a continuingly harsh business environment to encompass the Canon Group.
     The Canon Group is united in its commitment to achieving a further upturn in results in the second half of the business term.
     We look forward to your continued support and encouragement in the future.
August 2010
Fujio Mitarai
Chairman & CEO
 
Tsuneji Uchida
President & COO

2


 

  Change in Profits
Net Sales (Consolidated)
100 MILLIONS OF YEN
  Net Sales (Non-Consolidated)
100 MILLIONS OF YEN
     
(CHART - NET SALES)   (CHART - NET SALES)
     
Income before Income Taxes (Consolidated)
100 MILLIONS OF YEN
  Ordinary Profit (Non-Consolidated)
100 MILLIONS OF YEN
     
(CHART - INCOME BEFORE INCOME TAXES)   (CHART - ORDINARY PROFIT)
     
Net Income Attributable to Canon Inc.
(Consolidated)
100 MILLIONS OF YEN
   
Net Income (Non-Consolidated)
100 MILLIONS OF YEN
     
(CHART - NET INCOME ATTRIBUTABLE TO CANON INC.)   (CHART - NET INCOME)

3


 

  Business Conditions by Operations
n Sales by Operations (Consolidated)
                 
 
Operations   Sales   Change from the First
  (100 millions of yen)   Half of Fiscal 2009 (%)
 
Office Business Unit
    9,311       19.9
 
Consumer Business Unit
    6,543       14.0
 
Industry and Others Business Unit
    1,913       11.6
 
Eliminations
    (508 )      -
 
Total
    17,259       16.5
 
n Constituent Ratio of Sales by Operations
(PIE CHART)
Note:  
Because the consolidated sales of each business unit include the sales relating to intersegment transactions, the total does not amount to 100%.

4


 

 
n Office Business Unit
     Regarding office network digital multifunction devices, sales of our “imageRUNNER ADVANCE series” new generation machines launched in the fall of last year and developed to meet the varied needs of users through ways such as links with various software, performed well in Japan, the U.S. and Europe. In addition, the Asian market for office network digital multifunction devices is in the trend of overall expansion with robust sales for both color and black-and-white machines especially in China.
     Unfortunately, severe sales conditions continued for our “imagePRESS series” of printers for digital commercial printing as the printing industry in Japan, the U.S. and Europe experienced sluggish capital investments. Nevertheless, we were able to minimize the decline in unit sales through aggressive sales expansion efforts for the “imagePRESS C1+” and other machines. While in China, sales of our “imagePRESS C7000VP” were favorable.
     Multifunction devices for small mid-sized business owners demonstrated significant sales growth as we launched new products in the U.S., Europe and China, among others, and worked to expand sales.
     Sales of laser printers in the first half of the current business term increased substantially with orders from customers for OEM-brand products sharply recovering from the second half of last year. For Canon-brand products, in the area of black-and-white machines, we launched three new products, including the A3-size compatible “Satera LBP8630” which uses environmentally-friendly plastic materials and offers greater functionality with its wide LCD panel and the ability to print 37 pages per minute, all the while focusing energy on sales efforts.
     For our “imagePROGRAF series” of large-format printers, we introduced the new “iPF8300/6350/6300” equipped with newly developed high-accuracy mechanical structure and “LUCIA EX,” a new pigment ink system, among other breakthrough new technologies to meet the demand of professional users for extremely high image quality, and unit sales grew steadily.
     Moreover, with contribution of sales by consolidating Océ N.V., net sales for this business unit increased 19.9% on a consolidated basis in comparison to the first half of 2009.

5


 

 
 
Change in Sales [Consolidated]
100 MILLIONS OF YEN
 
(BAR CHART)

6


 

 
n Consumer Business Unit
     For digital SLR cameras, as the market continued to expand, our “EOS Kiss X4” entry-level model equipped with an 18 megapixel high-resolution CMOS sensor and full HD video functionality made good start. The “EOS Kiss X3” and the advanced amateur model “EOS 5D Mark II” and “EOS 7D” also had favorable sales and unit sales of SLR cameras grew in the U.S. and Asia, among other regions. In April, cumulative production volume for the “EOS series” reached 40 million units, including film cameras.
     Meanwhile, in compact digital cameras, we introduced four new products in our “IXY series,” namely the “IXY 10S/30S/400F/200F,” and five in our “PowerShot series” including the “PowerShot SX210 IS.” Despite growth in sales volume mainly in China, South America, Eastern Europe and other emerging markets, sales declined slightly year on year due to a fall in sales prices on the overall market.
     We expanded our lineup of digital video camcorders by introducing four new models equipped with flash memory, including three HD models such as the “iVIS HF M31,” and one file based professional model. HD models especially demonstrated fabulous growth in volume and sales.
     Regarding inkjet printers, we introduced the “PIXUS MX870/350” multifunction model for home office users and expanded sales mostly in the U.S., where there is continuing growth. We also introduced the “PIXUS iP2700” single function printers as an entry-level model to strengthen our lineup. Following the market recovery from the second half of last year, both the volume and sales turned upward mostly for multifunction models and sales in China and other Asian countries particularly fared well including the sales of single function printers. Consumables also saw steady sales growth.
     For image scanners, sales of our mainstay products including the “CanoScan LiDE 200” were steady and we solidly maintained our No. 1 share position despite a contracting overall market.
     As a result of the above, net sales for this business unit increased 14.0% on a consolidated basis in comparison to the first half of 2009.

7


 

 
 
Change in Sales [Consolidated]
100 MILLIONS OF YEN
 
(BAR CHART)

8


 

 
n Industry and Others Business Unit
     For semiconductor lithography equipment, thanks to a recovery trend in capital investment by device manufacturers resulting from an upturn in the semiconductor market, unit sales increased compared to last year’s low results.
     Regarding LCD lithography equipment, despite expectations for future orders based on proactive capital investment projections at LCD panel manufacturers in South Korea and China, among others, decreases in both units and sales during the first half of the current business term were unavoidable due to orders remaining at a low level in 2009 which suffered from a recession.
     In medical equipment, we focused on mid- to large-scale sales negotiations and the acquisition of new customers in the area of digital radiography systems through our mainstay product “CXDI-50G” and the “CXDI-55C” launched last year, among others. As a result, we succeeded in increasing both units and sales beyond those of the first half of the previous business term mainly in areas such as the U.S. and Asia. Ophthalmic devices saw lower unit sales despite efforts to increase sales of “CR-1 Mark II,” “CX-1” and other retinal cameras.
     Document scanners and check scanners handled by Canon Electronics Inc. grew substantially in terms of both the volume and sales mostly in Japan, the U.S. and China, among others. For our “imageFORMULA series” document scanners, the highly durable and highly speedy “DR-9050C/6050C” and the extremely compact and portable “DR-150” sold well, contributing to the increase in sales volume.
     Regarding calculators handled by Canon Electronic Business Machines (H.K.) Co., Ltd., we launched the “F-718” 18-digit internal arithmetic high-accuracy scientific electronic calculators, among others, and unit sales increased.
     FA system-related devices handled by Canon Machinery Inc. enjoyed a recovery in sales as orders increased from the second half of last year. Die bonders also had promising orders for the LED (light-emitting diode) compatible “BESTEM-D01” thanks to an active LED market. In April, we launched the “BESTEM-D10Sp” LED die bonder and saw further growth in orders.
     Sales of magnetic disk film deposition equipment handled by Canon ANELVA Corporation increased substantially year on year thanks to higher demand for PC hard disks and a recovery in our customers’ capital investments.
     As a result of the above, net sales for this business unit increased 11.6% on a consolidated basis in comparison to the first half of 2009.

9


 

 
 
Change in Sales [Consolidated]
100 MILLIONS OF YEN
 
(BAR CHART)

10


 

  Consolidated Financial Results
Canon’s consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles.
Consolidated Balance Sheets
                 
ASSETS   Millions of yen
    As of June 30,
2010
  As of December 31,
2009
(Reference)
 
Current assets:
               
Cash and cash equivalents
    771,697       795,034  
Short-term investments
    35,264       19,089  
Trade receivables, net
    547,961       556,572  
Inventories
    427,767       373,241  
Prepaid expenses and other current assets
    295,678       273,843  
 
Total current assets
    2,078,367       2,017,779  
 
               
Noncurrent receivables
    15,789       14,936  
Investments
    86,426       114,066  
Property, plant and equipment, net
    1,263,422       1,269,785  
Intangible assets, net
    170,158       117,396  
Other assets
    402,740       313,595  
 
Total assets
    4,016,902       3,847,557  
 
                 
LIABILITIES AND EQUITY   Millions of yen
    As of June 30,
2010
  As of December 31,
2009
(Reference)
 
Current liabilities:
               
Short-term loans and current portion of long-term debt
    6,834       4,869  
Trade payables
    385,682       339,113  
Accrued income taxes
    66,818       50,105  
Accrued expenses
    280,191       274,300  
Other current liabilities
    137,368       115,303  
 
Total current liabilities
    876,893       783,690  
 
               
Long-term debt, excluding current installments
    5,444       4,912  
Accrued pension and severance cost
    177,412       115,904  
Other noncurrent liabilities
    80,870       63,651  
 
Total liabilities
    1,140,619       968,157  
 
 
               
Commitments and contingent liabilities
               
Equity:
               
Canon Inc. stockholders’ equity:
               
Common stock
    174,762       174,762  
[Authorized shares] (share)
    [3,000,000,000 ]     [3,000,000,000 ]
[Issued shares] (share)
    [1,333,763,464 ]     [1,333,763,464 ]
Additional paid-in capital
    407,031       404,293  
Legal reserve
    55,291       54,687  
Retained earnings
    2,918,817       2,871,437  
Accumulated other comprehensive income (loss)
    (333,405 )     (260,818 )
Treasury stock, at cost
    (523,118 )     (556,252 )
[Treasury shares] (share)
    [93,650,553 ]     [99,288,001 ]
 
Total Canon Inc. stockholders’ equity
    2,699,378       2,688,109  
Noncontrolling interests
    176,905       191,291  
 
Total equity
    2,876,283       2,879,400  
 
Total liabilities and equity
    4,016,902       3,847,557  
 

11


 

 
<Notes to Consolidated Balance Sheet as of June 30, 2010>
1.   Allowance for doubtful receivables: 16,250 million yen
2.   Accumulated depreciation: 1,861,721 million yen
3.   Accumulated other comprehensive income (loss) includes foreign currency translation adjustments, net unrealized gains and losses on securities, net gains and losses on derivative financial instruments and pension liability adjustments.
4.   Guarantee obligations for bank loans taken out by employees: 17,223 million yen
5.   The number of consolidated subsidiaries and affiliated companies accounted for by the equity method was 308 and 15 respectively.
<Note to Per Share Information as of June 30, 2010>
Canon Inc. stockholders’ equity per share 2,176.72 yen

12


 

 
Consolidated Statements of Income
                 
Millions of yen
    Six months ended
June 30, 2010
  Six months ended
June 30, 2009
(Reference)
 
Net sales
    1,725,884       1,480,819  
Cost of sales
    881,953       836,540  
 
Gross profit
    843,931       644,279  
 
               
Operating expenses:
               
Selling, general and administrative expenses
    490,825       425,735  
Research and development expenses
    152,825       153,606  
 
 
    643,650       579,341  
 
Operating profit
    200,281       64,938  
 
               
Other income (deductions):
               
Interest and dividend income
    2,743       2,791  
Interest expense
    (953 )     (221 )
Other, net
    (568 )     (9,622 )
 
 
    1,222       (7,052 )
 
Income before income taxes
    201,503       57,886  
 
               
Income taxes
    73,975       24,105  
 
Consolidated net income
    127,528       33,781  
Less: Net income attributable to noncontrolling interests
    3,079       432  
 
Net income attributable to Canon Inc.
    124,449       33,349  
 
<Note to Per Share Information for the six months ended June 30, 2010>
Net income attributable to Canon Inc. stockholders per share
       Basic   100.68 yen           
       Diluted   100.68 yen           

13


 

  COMPANY PROFILE
The following statements are the status as of June 30, 2010, if not specified otherwise.
 
(MAP)
n Canon Group Global Network
(1)  Major Overseas Bases
         
 
Name [Location]
       
 
 
       
R&D, Manufacturing and Marketing
       
Océ N.V.          [Netherlands]
       
OPTOPOL Technology S.A.          [Poland]
       
Canon Electronic Business Machines (H.K.) Co., Ltd.          [Hong Kong]
       
 
       
R&D
       
Canon Development Americas, Inc.          [U.S.A.]
       
Canon Research Centre France S.A.S.          [France]
       
Canon Information Systems Research Australia Pty. Ltd.          [Australia]
       

14


 

         
 
Name [Location]
       
 
 
       
Manufacturing
       
Canon Virginia, Inc.          [U.S.A.]
       
Canon Giessen GmbH          [Germany]
       
Canon Bretagne S.A.S.          [France]
       
Canon Dalian Business Machines, Inc.          [China]
       
Canon Zhuhai, Inc.          [China]
       
Canon Zhongshan Business Machines Co., Ltd.          [China]
       
Canon (Suzhou) Inc.          [China]
       
Canon Inc., Taiwan          [Taiwan]
       
Canon Hi-Tech (Thailand) Ltd.          [Thailand]
       
Canon Vietnam Co., Ltd.          [Vietnam]
       
Canon Opto (Malaysia) Sdn. Bhd.          [Malaysia]
       
 
       
Marketing
       
Canon U.S.A., Inc.          [U.S.A.]
       
Canon Canada Inc.          [Canada]
       
Canon Latin America, Inc.          [U.S.A.]
       
Canon Europa N.V.          [Netherlands]
       
Canon Europe Ltd.          [U.K.]
       
Canon (UK) Ltd.          [U.K.]
       
Canon France S.A.S.          [France]
       
Canon Deutschland GmbH          [Germany]
       
Canon Ru LLC          [Russia]
       
Canon Middle East FZ-LLC          [U.A.E.]
       
Canon (China) Co., Ltd.          [China]
       
Canon Hongkong Co., Ltd.          [Hong Kong]
       
Canon Korea Consumer Imaging Inc.          [Korea]
       
Canon Singapore Pte. Ltd.          [Singapore]
       
Canon Australia Pty. Ltd.          [Australia]
       
Canon do Brasil Indústria e Comércio Limitada          [Brazil]
       
Canon Chile, S.A.          [Chile]
       
Canon South Africa Pty. Ltd.          [South Africa]
       
 
 

15


 

 
 
(2)  Major Domestic Bases
         
 
Name [Location]
       
 
 
Canon Inc.
       
Headquarters          [Tokyo]
       
Kawasaki Office          [Kanagawa Pref.]
       
Ayase Plant          [Kanagawa Pref.]
       
Hiratsuka Plant          [Kanagawa Pref.]
       
Oita Plant          [Oita Pref.]
       
Tamagawa Office          [Kanagawa Pref.]
       
Kosugi Office          [Kanagawa Pref.]
       
Toride Plant          [Ibaraki Pref.]
       
Fuji-Susono Research Park          [Shizuoka Pref.]
       
Yako Office          [Kanagawa Pref.]
       
Utsunomiya Plant          [Tochigi Pref.]
       
Ami Plant          [Ibaraki Pref.]
       
 
       
R&D, Manufacturing and Marketing
       
Canon Electronics Inc.          [Saitama Pref.]
       
Canon Machinery Inc.          [Shiga Pref.]
       
Tokki Corporation          [Niigata Pref.]
       
Canon Finetech Inc.          [Saitama Pref.]
       
Canon Precision Inc.          [Aomori Pref.]
       
Canon Components, Inc.          [Saitama Pref.]
       
Canon ANELVA Corporation          [Kanagawa Pref.]
       
 
       
Manufacturing
       
Oita Canon Inc.          [Oita Pref.]
       
Canon Chemicals Inc.          [Ibaraki Pref.]
       
Oita Canon Materials Inc.          [Oita Pref.]
       
Fukushima Canon Inc.          [Fukushima Pref.]
       
Nagahama Canon Inc.          [Shiga Pref.]
       
 
       
Marketing
       
Canon Marketing Japan Inc.          [Tokyo]
       
Canon System & Support Inc.          [Tokyo]
       
Canon IT Solutions Inc.          [Tokyo]
       
Canon Software Inc.          [Tokyo]
       
 
 

16


 

 
n Main Activities of the Canon Group
     Canon Group is engaged in the development, manufacture and sales of the following products.
     
 
Operations
  Main Products
 
 
   
Office Business Unit
  Office Network Digital Multifunction Devices (MFDs),
 
  Color Network Digital MFDs,
 
  Personal-use Network Digital MFDs,
 
  Office Copying Machines,
 
  Full-color Copying Machines,
 
  Personal-use Copying Machines,
 
  Laser Printers,
 
  Large Format Inkjet Printers
 
   
 
 
   
Consumer Business Unit
  Digital SLR Cameras,
 
  Compact Digital Cameras,
 
  Interchangeable Lenses,
 
  Digital Video Camcorders,
 
  Inkjet Multifunction Printers,
 
  Single Function Inkjet Printers,
 
  Image Scanners,
 
  Broadcast Lenses
 
   
 
 
   
Industry and Others Business Unit
  Semiconductor Lithography Equipment,
 
  LCD Lithography Equipment,
 
  Medical Image Recording Equipment,
 
  Magnetic Heads,
 
  Micromotors,
 
  Computers,
 
  Handy Terminals,
 
  Document Scanners,
 
  Calculators
 
   
 

17


 

 
n Employees of the Canon Group
Consolidated
Number of employees
  193,804 persons
 
  (Increase of 24,925 persons from the end of the previous term)
  Americas
  19,912 persons
  Europe
  23,475 persons
  Japan
  73,997 persons
  Asia
  74,562 persons
  Others
  1,858 persons
Non-Consolidated
Number of employees
  26,123 persons
Increase from the end of the previous term
  440 persons
n Shares and Share Options of the Company
(1) Shares
Number of Shares Issuable
  3,000,000,000 shares
     
Issued Shares
  1,333,763,464 shares
     
Capital Stock
  174,761,797,475 yen
     
Number of Shareholders
  182,356 persons
 
  (Increase of 13,184 persons from the end of the previous term)

18


 

(2) Shareholding by Category
                 
 
    Number of Shareholders   Number of Shares
 
Governments and Local Public Organizations
    1       19,750  
 
Banking Companies
    299       451,155,177  
 
Securities Underwriting Companies
    73       44,526,317  
 
Other Domestic Companies
    1,424       43,258,717  
 
Foreign Companies, etc.
    1,126       589,788,132  
 
Individual and Others
    179,432       111,364,818  
 
Treasury Stock
    1       93,650,553  
 
Total
    182,356       1,333,763,464  
 
Shareholding Ratio
(CHART)
(3) Share Options
Share Options Issued as Stock Options
             
 
    Number of Share      Class and Number of Shares   Number of
    Options      to be Acquired   Holders
 
1st Share Options
  5,680 options   Common stock      568,000 shares   60 persons
 
2nd Share Options
  7,820 options   Common stock      782,000 shares   54 persons
 
3rd Share Options
  8,900 options   Common stock      890,000 shares   63 persons
 

19


 

 
n Directors and Corporate Auditors of the Company
Directors
         
 
Position
  Name   Business in Charge or Important Concurrent Posts
 
Chairman & CEO
  Fujio Mitarai    
President & COO
  Tsuneji Uchida    
Executive Vice President
  Toshizo Tanaka   Senior General Manager of Policy & Economy
& CFO
      Research Center, Group Executive of External
 
      Relations Headquarters and Vice Chairman of the
 
      Supervisory Board of Océ N.V.
Executive Vice President
  Toshiaki Ikoma   Group Executive of Corporate R&D
& CTO
      Headquarters, Chief Executive of Optical
 
      Products Operations and President of The Canon
 
      Foundation
Senior Managing Director
  Kunio Watanabe   Group Executive of Corporate Planning
 
      Development Headquarters
Senior Managing Director
  Yoroku Adachi   President & CEO of Canon U.S.A., Inc.
Senior Managing Director
  Yasuo Mitsuhashi   Chief Executive of Peripheral Products
 
      Operations
Managing Director
  Tomonori Iwashita   Group Executive of Environment Headquarters
 
      and Group Executive of Quality Management
 
      Headquarters
Managing Director
  Masahiro Osawa   Group Executive of Global Procurement
 
      Headquarters and Group Executive of General
 
      Affairs Headquarters
Managing Director
  Shigeyuki Matsumoto   Group Executive of Device Technology
 
      Development Headquarters
Managing Director
  Katsuichi Shimizu   Chief Executive of Inkjet Products Operations
Managing Director
  Ryoichi Bamba   President & CEO of Canon Europa N.V. and
 
      President & CEO of Canon Europe Ltd.
Managing Director
  Toshio Homma   Chief Executive of L Printer Products Operations
Managing Director
  Masaki Nakaoka   Chief Executive of Office Imaging Products
 
      Operations
Managing Director
  Haruhisa Honda   Group Executive of Manufacturing Headquarters
Managing Director
  Hideki Ozawa   President & CEO of Canon (China) Co., Ltd.
Managing Director
  Masaya Maeda   Chief Executive of Image Communication
 
      Products Operations
 

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Corporate Auditors
         
 
Position
  Name   Business in Charge or Important Concurrent Posts
 
Corporate Auditor
  Keijiro Yamazaki   Auditor of Canon Marketing Japan Inc.
Corporate Auditor
  *Shunji Onda   Auditor of Canon Electronics Inc.
Corporate Auditor
  Tadashi Ohe   Attorney, Auditor of Marui Group Co., Ltd. and
 
      Kao Corporation
Corporate Auditor
  *Kazunori Watanabe   Certified Public Accountant and Auditor of
 
      Canon Electronics Inc.
Corporate Auditor
  *Kuniyoshi Kitamura   Auditor of Canon Marketing Japan Inc.
 
Notes:
         
1.   Mr. Fujio Mitarai, Mr. Tsuneji Uchida and Mr. Toshizo Tanaka are Representative Directors.
2.   Corporate Auditors with asterisk were newly elected at the Ordinary General Meeting of Shareholders for the 109th Business Term held on March 30, 2010, and assumed their offices.
3.   Corporate Auditors Mr. Tadashi Ohe, Mr. Kazunori Watanabe and Mr. Kuniyoshi Kitamura are Outside Corporate Auditors defined by Item 16, Article 2 of the Corporation Law. Also, the Company has notified the above Outside Corporate Auditors as independent auditors to Tokyo, Osaka, Nagoya, Fukuoka and Sapporo stock exchanges as provided under the regulations of each stock exchange.
4.   “Business in Charge or Important Concurrent Posts” of Director Mr. Toshizo Tanaka, as of July 1, 2010, has been changed as follows.
 
  Toshizo Tanaka   Senior General Manager of External Relations Center, Senior General Manager of Corporate Communications Center and Vice Chairman of the Supervisory Board of Océ N.V.
n Executive Officers of the Company
         
 
Name
  Business in Charge or Important Concurrent Posts  
 
Sachio Kageyama
  President & CEO of Canon Vietnam Co., Ltd.
Masahiro Haga
  Group Executive of Finance & Accounting Headquarters
Kengo Uramoto
  Group Executive of Human Resources Management &
    Organization Headquarters
Masanori Yamada
  Deputy Chief Executive of Office Imaging Products Operations
Akio Noguchi
  Deputy Chief Executive of Peripheral Products Operations
Hiroyuki Suematsu
  Deputy Chief Executive of Peripheral Products Operations
Yasuhiro Tani
  Group Executive of Digital Platform Technology Development Headquarters
Seymour Liebman
  Executive Vice President of Canon U.S.A., Inc. and Member of the
    Supervisory Board of Océ N.V.
Masato Okada
  Deputy Chief Executive of Image Communication Products Operations
Yukiaki Hashimoto
  Group Executive of Medical Equipment Group
Shigeyuki Uzawa
  Group Executive of Semiconductor Lithography Equipment Operations
Makoto Araki
  Group Executive of Information & Communication Systems Headquarters
Kenichi Nagasawa
  Group Executive of Corporate Intellectual Property & Legal Headquarters
 
Note:
     
“Business in Charge or Important Concurrent Posts” of Executive Officer Mr. Shigeyuki Uzawa, as of July 1, 2010, has been changed as follows.
Shigeyuki Uzawa
  Deputy Chief Executive of Optical Products Operations
n Accounting Auditor
Ernst & Young ShinNihon LLC
Hibiya Kokusai Building
2-3, Uchisaiwai-cho 2-chome, Chiyoda-ku, Tokyo

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  INFORMATION ON SHARES

Business term:
    From January 1 to December 31 of each year
Ordinary general meeting of shareholders:
    March of each year
Record date for above:
    December 31 of each year
Record date for interim dividends:
    June 30 of each year
Manager of the register of shareholders / Account management institution for the special account (tokubetsu koza):
    Mizuho Trust & Banking Co., Ltd.
2-1, Yaesu 1-chome, Chuo-ku, Tokyo
      Business handling place:
      Stock Transfer Agency Department, Head Office
Mizuho Trust & Banking Co., Ltd.
* Please inquire at your securities company etc. about procedures pertaining to shares of the Company, such as change of address.
* Please inquire at Mizuho Trust & Banking Co., Ltd. about the payment of accrued dividends, procedures for the issuance of a statement of payment or procedures related to shares recorded in the special account.
      Mailing address and telephone number:
      Stock Transfer Agency Department
Mizuho Trust & Banking Co., Ltd.
8-4, Izumi 2-chome, Suginami-ku, Tokyo 168-8507
Telephone: 0120-288-324 (toll free)
Number of shares constituting one unit:
  100 shares    
Newspaper in which public notices are inserted:
    The Nihon Keizai Shimbun
Stock exchange listings:
    Tokyo, Osaka, Nagoya, Fukuoka, Sapporo and New York
Securities code:
    7751

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