1、CANONCANONANNUAL REPORTANNUAL REPORT20032003Fiscal Year Ended December 31,2003Corporate ProfileCanon Inc.(NYSE:CAJ)and the Canon Group develop,produce and market a wide range of products used in the home,offices and industry,including business machines,conventional and digital cameras,lenses,digital
2、 video camcorders,semiconductor production equipment,television broadcasting lenses and medical equipment,employing over 100,000 people worldwide.The operating environment in 2003 was harsh,but Canons strong product lines and successful manage-ment reform activities led to a fourth consecutive year
3、of sales and profit growth and new record highs for the company in consolidated net sales and net income.The Group also made significant progress in achieving the aims of Phase II of the Excellent Global Corporation Plan,which commenced in 2001 and will conclude in 2005.The Canon Group pursues a var
4、iety of environmental and philanthropic activities under its corporate philos-ophy of kyosei,or living and working together for the common good,and focuses on fulfilling its duties to investors and society by stressing good corporate governance throughout its activities.CONTENTSFinancial Highlights
5、1To Our Shareholders2Corporate Governance 4Board of Directors and Corporate AuditorsFeature Stories Corporate Management 6 Research&Development 8 Production 10 Environmental Responsibility 12 Philanthropy 14Canon Product Groups Office Imaging Products 16 Computer Peripherals 18 Cameras 20 Optical Pr
6、oducts 22Product Group Summary 24Financial Section 25Major Consolidated Subsidiaries 79Transfer Office and Registrars 80Shareholders InformationCover photos:Top left:Canon Development Americas(CDA)serves as the core of R&D activities in the Americas,focusing on the digital home,the digital office,op