Canon Inc. Reports Results for First Half 2004, Sales Up 7.3%
Press release from the issuing company
LAKE SUCCESS, N.Y.--July 28, 2004-- Canon U.S.A., Inc., a subsidiary of Canon Inc. and a leader in imaging technologies, today announced Canon Inc. first half 2004 consolidated net sales of 1,648.4 billion yen (US$ 15,263 million), which represents an increase of 7.3% over the first half of fiscal year 2003.
Canon reported first half net income of 160.8 billion yen (US$ 1,489 million), a significant increase of 25.8% over the same period last year and an earning per share of 181.84 yen (US$ 1.68).
Canon Inc. also reported second-quarter revenue of 850.4 billion yen (US$ 7,874 million), 5.8% higher than second-quarter 2003 with net income of 76.5 billion yen (US$ 708 million), 36.2% higher than second-quarter 2003.
"Although the yen was a negative factor, we were able to achieve this through continued strong sales growth of both digital cameras and color copying machines and higher sales of IC steppers along with a recovery in the semiconductor market. Consequently, we achieved our eighth consecutive quarter of year-on-year growth in both net sales and profit," said Toshizo Tanaka, Senior Managing Director and Group Executive for Finance and Accounting Headquarters, Canon Inc.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.