Canon's global operations
Canon Inc., headquartered in Tokyo, Japan, is a world-leading innovator and provider of imaging solutions for businesses and consumers. In 1933, Canon's first trading company, 'Kwanon' was established, and in 1937 Precision Optical Industry Co. Ltd, the predecessor of Canon Inc. was founded. The company filed for registration of the "Canon" trademark in 1935. Since then, the logo has undergone several changes as the company grew. Through these modifications, the strong character reflected in the sweeping inward stroke of the "C" has remained intact from the day the company was founded. The name 'Canon' carries such meanings as "holy scripture" and "criterion or standard of judgment."
The company now develops, manufactures and markets a wide range of products. Its portfolio includes copying machines, printers, cameras and optical products. Under the Chairman and CEO of Canon Inc., Fujio Mitarai and the President and COO, Tsuneji Uchida, the company now has more than 190,000 employees worldwide. It has manufacturing and marketing subsidiaries in Japan, the Americas, Europe, Asia and Oceania; and a global R&D network with companies based in the United States, Europe, Asia and Australia. From 2000, Canon Inc. has been listed on the American Depositary Receipts on the New York Stock Exchange (NYSE).
The consolidated net sales for Canon Inc. for the first quarter of fiscal 2011 were ¥839 billion (US $10,111 million) (January 1, 2011 - March 31, 2011). Canon's consolidated net sales for Canon Inc. for the year 2010 (ended December 31, 2010) and totaled ¥3,707 billion (US $45,764 million or 34.3 billion euro). Canon invests heavily in cutting-edge R&D as the company believes this is a vital means to deliver unique, proprietary products. In 2010, the company invested ¥315.8 billion in R&D, accounting for 8.5% of sales. From this total, ¥96.2 billion, or 30.5%, was allocated to the office segment, ¥82.8 billion, or 26%, went to the consumer segment, ¥136.8 billion, or 43.5%, went to the Industry and other segments. In 2010, the Company was granted 2,543 patents in the United States, placing it fourth among all corporations. This marked the 19th consecutive year Canon has ranked among the top five U.S. patent recipients.
Aiming to join the ranks of the world's top 100 companies, Canon has initiated an Excellent Global Corporation Plan since 1996. In 2011, Canon embarked on Phase 4 of the Excellent Global Corporation Plan, which is based on the company's corporate philosophy of kyosei with the goal of becoming a truly excellent global company admired and respected world over. In Phases 1, 2 and 3, Canon strengthened its financial structure and compiled a steadily growing record of achievements. Now, in Phase 4, it aims to achieve sound growth under the slogan "Aiming for the Summit: Speed & Sound Growth."