Canon in America and beyond
Canon U.S.A., Inc., headquartered in Lake Success, New York, and is a leading provider of consumer, business-to-business, and industrial digital imaging solutions..The New York Branch was established in 1955 and formally incorporated as Canon U.S.A., Inc. in 1965.The parent company; Canon Inc. is listed on the NYSE. It is a top patent holder in technology, ranked fourth overall in the U.S. in 2010, Based on weekly patent counts issued by United States Patent and Trademark Office.
The reported global revenue for 2010 was more than US $45 billion. With America contributing to 28% of global business. It is listed as number six in the computer industry on Fortune Magazine's World's Most Admired Companies 2010 list. Canon U.S.A. offers extensive line of Professional business and consumer imaging equipment and information systems The team is lead by President and Chief Executive Officer, Joe Adachi Including sales and support there are more than 21 offices throughout the Americas.
Canon's corporate philosophy is Kyosei - which is defined as "all people, regardless of race, religion, or culture, harmoniously living and working together into the future." Kyosei also drives their commitment to establishing good relations, not only with customers but also with the communities in which they operate. Globally Canon employs around 197,386 people and of these 20,182 are employed in America alone.
The Company decided to acquire its own shares with the aim of improving capital efficiency and ensuring a flexible capital strategy that provides for such future transactions as share exchanges. From August 12, 2011 to September 16, 2011 volumes of common stock of about 15 million shares costing about 50 billion yen were acquired. In the first quarter results of 2011 released by canon , has recorded a net operating sales of $ 20,688,457 of which the net income attributed to Canon Inc. is $ 1,349,667.
Under a new slogan, "Aiming for the Summit?Speed & Sound Growth," Canon has redoubled its efforts to join the ranks of the world's top 100 companies in terms of all key performance indicators. During the five-year- Phase IV of the Excellent Global Corporation Plan it is looking at achieving consolidated net sales of more than ¥5 trillion by 2015 through the implementation of six key strategies over Phase IV. In 2010, consolidated net sales increased 15.5% year on year to ¥3,706.9 billion, and the gross profit ratio increased by 3.6 points to 48.1%. Operating profit jumped by 78.6% to ¥387.6 billion. By geographic region, sales in the Americas grew 14.4% to ¥1,023.3 billion; the sales in Europe increased 17.8% to ¥1,172.5 billion.
Japan saw a sales dip by 0.9% to ¥695.7 billion while in Asia and Oceania (excluding Japan); sales grew 32.0% to ¥815.4 billion. The global figures in the second quarter of 2011, in the United States saw a temporary slowdown due to supply chain disruptions triggered by the earthquake that struck north eastern Japan.Nevertheless, considering further development of imaging products today, Canon U.S.A., Inc. has been a leader in product development in the Americas.