CANON REPORTS RECORD REVENUE

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CANON REPORTS RECORD REVENUE

 user 2005-05-01 at 10:12:00 am Views: 38
  • #9240

    Led by Color Devices, Canon Reports Record Revenue

    The increase in net sales was due to strong sales of color copying
    machines and color laser beam printers as demand for office color has increased
    and stable sales of digital cameras.

    LAKE SUCCESS,NY,April,2005-Canon U.S.A.,Inc.,a subsidiary of Canon Inc.and a leader in
    imaging technologies, today announced Canon Inc. first-quarter 2005 consolidated
    net sales of 843.4 billion yen (US$ 7,882 million), which represents a
    year-over-year increase of 5.7% over first-quarter 2004.

    Canon reported first-quarter net income of 93.1 billion yen (US$ 870
    million), which represents a year-over-year increase of 10.4% and basic earnings
    per share of 104.93 yen (US$ 0.98).

    Operating profit also advanced, improving 7.3% over first-quarter 2004.

    “The increase in net sales was due to strong sales of color copying machines
    and color laser beam printers as demand for office color has increased and
    stable sales of digital cameras.,” said Toshizo Tanaka, Senior Managing Director
    and Group Executive for Finance and Accounting Headquarters, Canon Inc.

    Mr. Tanaka added, “Although a difficult environment is expected in the second
    quarter and for the full year, we expect to exceed our sales and profit results
    of last year and achieve our sixth consecutive year of sales and profit growth.”