FACTBOX: Key facts about Japan's Canon Inc

Mon Nov 24, 2008 8:05pm EST
 
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(Reuters) - Following are some key facts about Japan's Canon Inc (7751.T).

* HISTORY:

-- 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 trademark.

-- 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 1979.

-- Canon formed an alliance with Hewlett-Packard (HPQ.N) 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.

* PRODUCT GROUPS:

Canon 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:  Continued...

 
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