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 user 2008-12-12 at 11:02:58 am Views: 59
  • #20845
    Key facts about Japan’s Canon Inc
    Following are some key facts about Japan’s Canon Inc

    Canon’s predecessor, Precision Optical Instruments Laboratory, was
    founded in 1933. In 1934 the company produced a prototype of the
    Kwanon, Japan’s first 35mm focal-plane shutter camera and named after
    the Buddhist Goddess of Mercy. In 1935 it filed to register the Canon

    – In 1947 Japan’s government designated Canon
    cameras priority exports as the country resumed exports after World War
    Two. Its shares were listed on the Tokyo Stock Exchange in 1949.

    In 1952 Canon introduced the world’s first speed-light synchronized
    35mm flash-and-shutter camera. The company opened an office in New York
    in 1955 and established a distributor in Europe in 1957.

    – In
    the 1960s Canon introduced the world’s first 10-key electronic
    calculator and entered the copying machine market. The ratio of exports
    to net sales surpassed 50 percent in 1967.

    – In 1970 Canon
    established its first manufacturing facility outside Japan. It entered
    the office computer market in 1971 and developed a laser beam printer
    in 1975. Overseas sales exceed 100 billion yen for the first time in

    – Canon formed an alliance with Hewlett-Packard (HPQ.N:
    Quote, Profile, Research, Stock Buzz) in 1985. The relationship, under
    which Canon supplies HP with laser printer engines and other key parts,
    has blossomed into one of Canon’s main profit drivers.

    – Canon
    introduced its first digital single lens reflex (SLR) camera in 1995.
    In the same year, Fujio Mitarai was appointed president. Mitarai
    oversaw the company’s withdrawal from the computer market and other
    reforms that help set the stage for eight straight years of profit
    growth through 2007.

    – In 2006 Canon appointed Tsuneji Uchida, then executive vice president, to replace Mitarai as president.


    is one of the world’s leading manufacturers of copiers, printers,
    cameras, and equipment used to make semiconductors and liquid crystal
    displays (LCD). Its has three major divisions: business machines,
    cameras, and optical and other products.

    – The business
    machines segment, which includes office and personal copiers, laser
    printers, ink-jet printers and scanners, accounted for 65 percent (2.9
    trillion yen) of consolidated revenues in 2007.

    – The cameras
    segment, which includes compact cameras, SLR cameras, interchangeable
    lenses, and handheld video cameras, generated 26 percent (1.15 trillion
    yen) of revenues.

    – The optical and other products segment,
    which handles lithography equipment used to make semiconductors and LCD
    panels, radiography systems, large-format printers and broadcasting
    equipment, accounted for 9 percent (393 billion yen) of sales.

    * 2007 SNAPSHOT:

    Revenue – 4.48 trillion yen

    Operating Profit – 756.7 billion yen

    Total Assets – 4.51 trillion yen

    Cash & Equivalents – 944.5 billion yen

    Employees – 131,352


    – Canon was the world’s largest digital camera maker in 2007, holding
    a 17.3 percent share in the compact digital camera market in unit
    terms, compared with second-ranked Sony at 16.5 percent, according to
    research firm IDC. In SLR models, Canon controlled 42.7 percent of the
    global market, while Nikon held 40 percent.

    COPIERS — Canon was
    the world’s second-largest maker of copiers in 2007 with 20.5 percent
    of the market in value terms, according to research firm Gartner. The
    top maker was Ricoh Co with a market share of 20.8 percent. Xerox anked
    third at 19.2 percent. Other competitors include Konica Minolta
    Holdings Inc and Sharp Corp.

    PAGE PRINTERS (mainly laser
    printers) – Hewlett-Packard was the top brand in 2007 with a market
    share of 42.6 percent in value terms, though that figure includes OEM
    supplies from Canon. Xerox ranked second with 16.5 percent of the
    market, followed by Lexmark International at 5.6 percent and Canon with
    its own brand at 4.7 percent, according to Gartner.

    PRINTERS – Hewlett-Packard ranked No. 1 with a market share of 49.3
    percent in 2007. Canon was second-biggest at 17.3 percent, followed by
    Seiko Epson Corp at 16.5 percent, Lexmark at 7 percent and Brother
    Industries Ltd at 5.0 percent, according to Gartner.

    EQUIPMENT – Dutch chip equipment maker ASML led the market for
    semiconductor steppers in 2007, accounting for 61.5 percent of
    worldwide sales in value terms, according to VLSI Research. Nikon was
    the second ranked manufacturer with 24.6 percent and Canon ranked third
    with a market share of 10 percent.