CANON INC.
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(Registrant) | ||||
Date.... January 27, 2010.... |
By....../s/...... Masashiro Kobayashi .........................
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(Signature)* |
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Masashiro Kobayashi General Manager Global Finance Management Center Canon Inc. |
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(Millions of yen, thousands of U.S. dollars, except per share amounts) | ||||||||||||||||||||||||
Actual | Projected | |||||||||||||||||||||||
Year ended | Year ended | Change(%) | Year ended | Year ending | Change(%) | |||||||||||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2009 | December 31, 2010 | |||||||||||||||||||||
Net sales |
¥ | 3,209,201 | ¥ | 4,094,161 | - | 21.6 | $ | 34,882,620 | ¥ | 3,450,000 | + | 7.5 | ||||||||||||
Operating profit |
217,055 | 496,074 | - | 56.2 | 2,359,293 | 330,000 | + | 52.0 | ||||||||||||||||
Income before income
taxes |
219,355 | 481,147 | - | 54.4 | 2,384,293 | 320,000 | + | 45.9 | ||||||||||||||||
Net income attributable
to Canon Inc. |
¥ | 131,647 | ¥ | 309,148 | - | 57.4 | $ | 1,430,946 | ¥ | 200,000 | + | 51.9 | ||||||||||||
Net income attributable to Canon Inc. stockholders per share: | ||||||||||||||||||||||||
- Basic |
¥ | 106.64 | ¥ | 246.21 | - | 56.7 | $ | 1.16 | ¥ | 162.01 | + | 51.9 | ||||||||||||
- Diluted |
106.64 | 246.20 | - | 56.7 | 1.16 | - | - | |||||||||||||||||
Actual | ||||||||||||||||||||||||
As of | As of | Change(%) | As of | |||||||||||||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2008 | ||||||||||||||||||||||
Total assets |
¥ | 3,847,557 | ¥ | 3,969,934 | - | 3.1 | $ | 41,821,272 | ||||||||||||||||
Canon Inc. stockholders equity |
¥ | 2,688,109 | ¥ | 2,659,792 | + | 1.1 | $ | 29,218,576 | ||||||||||||||||
Notes:
|
1. | Canons consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles. | ||||
2. | Canon adopted the guidance for noncontrolling interests in consolidated financial statements in the fiscal year beginning January 1, 2009. | |||||
In accordance with the adoption of the guidance, consolidated net income has been renamed to net income attributable to Canon Inc. | ||||||
3. | U.S. dollar amounts are translated from yen at the rate of JPY92 = U.S.$1, the approximate exchange rate on the Tokyo Foreign | |||||
Exchange Market as of December 30, 2009, solely for the convenience of the reader. |
(Millions of yen, thousands of U.S. dollars, except per share amounts) | |||||||||||||||||||||||||
Actual | |||||||||||||||||||||||||
Year ended | Year ended | Change(%) | Year ended | ||||||||||||||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2009 | |||||||||||||||||||||||
Net sales |
¥ | 2,025,546 | ¥ | 2,721,094 | - | 25.6 | $ | 22,016,804 | |||||||||||||||||
Operating profit |
97,777 | 358,706 | - | 72.7 | 1,062,793 | ||||||||||||||||||||
Ordinary profit |
142,684 | 359,086 | - | 60.3 | 1,550,913 | ||||||||||||||||||||
Net income |
¥ | 80,778 | ¥ | 224,135 | - | 64.0 | $ | 878,022 | |||||||||||||||||
Net income per share: |
|||||||||||||||||||||||||
- Basic |
¥ | 65.44 | ¥ | 178.50 | - | 63.3 | $ | 0.71 | |||||||||||||||||
- Diluted |
65.43 | 178.49 | - | 63.3 | 0.71 | ||||||||||||||||||||
Dividend per share |
110.00 | 110.00 | - | 1.20 | |||||||||||||||||||||
Actual | |||||||||||||||||||||||||
As of | As of | Change(%) | As of | ||||||||||||||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2009 | |||||||||||||||||||||||
Total assets |
¥ | 2,551,100 | ¥ | 2,618,998 | - | 2.6 | $ | 27,729,348 | |||||||||||||||||
Net assets |
¥ | 1,812,718 | ¥ | 1,865,005 | - | 2.8 | $ | 19,703,457 | |||||||||||||||||
Note: | U.S. dollar amounts are translated from yen at the rate of JPY 92= U.S.$1, the approximate
exchange rate on the Tokyo Foreign Exchange Market as of December 30, 2009, solely for the convenience of the reader. |
Canon Inc.
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30-2, Shimomaruko 3-chome, Ohta-ku, | |
Headquarter office
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Tokyo 146-8501, Japan | |
Phone: +81-3-3758-2111 |
- 1 -
- 2 -
- 3 -
- 4 -
1) | Achieving the overwhelming No. 1 position worldwide in all current core businesses | |
2) | Expanding business operations through diversification | |
3) | Identifying new business domains and accumulating required technologies | |
4) | Establishing new production systems to sustain international competitiveness | |
5) | Nurturing truly autonomous and strong individuals promoting everlasting corporate reforms |
- 5 -
Millions of yen | Thousands of | |||||||||||||||
U.S. dollars | ||||||||||||||||
As of | As of | As of | ||||||||||||||
December 31, | December 31, | Change | December 31, | |||||||||||||
2009 | 2008 | 2009 | ||||||||||||||
ASSETS |
||||||||||||||||
Current assets: |
||||||||||||||||
Cash and cash equivalents |
¥ | 795,034 | ¥ | 679,196 | ¥ | 115,838 | $ | 8,641,674 | ||||||||
Short-term investments |
19,089 | 7,651 | 11,438 | 207,489 | ||||||||||||
Trade receivables, net |
556,572 | 595,422 | (38,850 | ) | 6,049,696 | |||||||||||
Inventories |
373,241 | 506,919 | (133,678 | ) | 4,056,967 | |||||||||||
Prepaid expenses and other current assets |
273,843 | 275,660 | (1,817 | ) | 2,976,554 | |||||||||||
Total current assets |
2,017,779 | 2,064,848 | (47,069 | ) | 21,932,380 | |||||||||||
Noncurrent receivables |
14,936 | 14,752 | 184 | 162,348 | ||||||||||||
Investments |
114,066 | 88,825 | 25,241 | 1,239,848 | ||||||||||||
Property, plant and equipment, net |
1,269,785 | 1,357,186 | (87,401 | ) | 13,802,011 | |||||||||||
Intangible assets, net |
117,396 | 119,140 | (1,744 | ) | 1,276,043 | |||||||||||
Other assets |
313,595 | 325,183 | (11,588 | ) | 3,408,642 | |||||||||||
Total assets |
¥ | 3,847,557 | ¥ | 3,969,934 | ¥ | (122,377 | ) | $ | 41,821,272 | |||||||
LIABILITIES AND EQUITY |
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Current liabilities: |
||||||||||||||||
Short-term loans and current portion of long-term debt |
¥ | 4,869 | ¥ | 5,540 | ¥ | (671 | ) | $ | 52,924 | |||||||
Trade payables |
339,113 | 406,746 | (67,633 | ) | 3,686,011 | |||||||||||
Accrued income taxes |
50,105 | 69,961 | (19,856 | ) | 544,620 | |||||||||||
Accrued expenses |
274,300 | 277,117 | (2,817 | ) | 2,981,522 | |||||||||||
Other current liabilities |
115,303 | 184,636 | (69,333 | ) | 1,253,293 | |||||||||||
Total current liabilities |
783,690 | 944,000 | (160,310 | ) | 8,518,370 | |||||||||||
Long-term debt, excluding current installments |
4,912 | 8,423 | (3,511 | ) | 53,391 | |||||||||||
Accrued pension and severance cost |
115,904 | 110,784 | 5,120 | 1,259,826 | ||||||||||||
Other noncurrent liabilities |
63,651 | 55,745 | 7,906 | 691,859 | ||||||||||||
Total liabilities |
968,157 | 1,118,952 | (150,795 | ) | 10,523,446 | |||||||||||
Equity: |
||||||||||||||||
Canon Inc. stockholders equity: |
||||||||||||||||
Common stock |
174,762 | 174,762 | - | 1,899,587 | ||||||||||||
Additional paid-in capital |
404,293 | 403,790 | 503 | 4,394,489 | ||||||||||||
Legal reserve |
54,687 | 53,706 | 981 | 594,424 | ||||||||||||
Retained earnings |
2,871,437 | 2,876,576 | (5,139 | ) | 31,211,272 | |||||||||||
Accumulated other comprehensive income (loss) |
(260,818 | ) | (292,820 | ) | 32,002 | (2,834,978 | ) | |||||||||
Treasury stock, at cost |
(556,252 | ) | (556,222 | ) | (30 | ) | (6,046,218 | ) | ||||||||
Total Canon Inc. stockholders equity |
2,688,109 | 2,659,792 | 28,317 | 29,218,576 | ||||||||||||
Noncontrolling interests |
191,291 | 191,190 | 101 | 2,079,250 | ||||||||||||
Total equity |
2,879,400 | 2,850,982 | 28,418 | 31,297,826 | ||||||||||||
Total liabilities and equity |
¥ | 3,847,557 | ¥ | 3,969,934 | ¥ | (122,377 | ) | $ | 41,821,272 | |||||||
Millions of yen | Thousands of | |||||||||||||||
U.S. dollars | ||||||||||||||||
As of | As of | As of | ||||||||||||||
December 31, | December 31, | December 31, | ||||||||||||||
2009 | 2008 | 2009 | ||||||||||||||
Notes: |
||||||||||||||||
1. Allowance for doubtful receivables |
¥ | 11,343 | ¥ | 9,318 | $ | 123,293 | ||||||||||
2. Accumulated depreciation |
1,815,982 | 1,635,601 | 19,738,935 | |||||||||||||
3. Accumulated other comprehensive income (loss): |
||||||||||||||||
Foreign currency translation adjustments |
(202,628 | ) | (235,968 | ) | (2,202,478 | ) | ||||||||||
Net unrealized gains and losses on securities |
3,285 | 1,135 | 35,706 | |||||||||||||
Net gains and losses on derivative instruments |
71 | 1,493 | 772 | |||||||||||||
Pension liability adjustments |
(61,546 | ) | (59,480 | ) | (668,978 | ) |
- 6 -
Results for the fourth quarter | Millions of yen | Thousands of | |||||||||||||||
U.S. dollars | |||||||||||||||||
Three months | Three months | Three months | |||||||||||||||
ended | ended | Change(%) | ended | ||||||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2009 | |||||||||||||||
Net sales |
¥ | 954,058 | ¥ | 994,740 | - | 4.1 | $ | 10,370,196 | |||||||||
Cost of sales |
520,267 | 573,343 | 5,655,076 | ||||||||||||||
Gross profit |
433,791 | 421,397 | + | 2.9 | 4,715,120 | ||||||||||||
Operating expenses: |
|||||||||||||||||
Selling, general and administrative expenses |
264,396 | 273,681 | 2,873,870 | ||||||||||||||
Research and development expenses |
77,267 | 111,891 | 839,859 | ||||||||||||||
341,663 | 385,572 | 3,713,729 | |||||||||||||||
Operating profit |
92,128 | 35,825 | + | 157.2 | 1,001,391 | ||||||||||||
Other income (deductions): |
|||||||||||||||||
Interest and dividend income |
1,441 | 3,849 | 15,663 | ||||||||||||||
Interest expense |
(95 | ) | (164 | ) | (1,032 | ) | |||||||||||
Other, net |
4,447 | (22,597 | ) | 48,337 | |||||||||||||
5,793 | (18,912 | ) | 62,968 | ||||||||||||||
Income before income taxes |
97,921 | 16,913 | + | 479.0 | 1,064,359 | ||||||||||||
Income taxes |
35,413 | 3,816 | 384,924 | ||||||||||||||
Consolidated net income |
62,508 | 13,097 | 679,435 | ||||||||||||||
Less: Net income attributable to
noncontrolling interests |
944 | 1,475 | 10,261 | ||||||||||||||
Net income attributable to Canon Inc. |
¥ | 61,564 | ¥ | 11,622 | + | 429.7 | $ | 669,174 | |||||||||
Note: Consolidated comprehensive income for the three months ended December 31, 2009 and 2008 was
JPY 74,334 million (increase) (U.S.$807,978 thousand (increase)) and JPY 204,647 million (decrease), respectively. |
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Millions of yen | Thousands of | ||||||||||||||||
Results for the fiscal year | U.S. dollars | ||||||||||||||||
Year ended | Year ended | Change(%) | Year ended | ||||||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2009 | |||||||||||||||
Net sales |
¥ | 3,209,201 | ¥ | 4,094,161 | - | 21.6 | $ | 34,882,620 | |||||||||
Cost of sales |
1,781,808 | 2,156,153 | 19,367,479 | ||||||||||||||
Gross profit |
1,427,393 | 1,938,008 | - | 26.3 | 15,515,141 | ||||||||||||
Operating expenses: |
|||||||||||||||||
Selling, general and administrative expenses |
905,738 | 1,067,909 | 9,844,978 | ||||||||||||||
Research and development expenses |
304,600 | 374,025 | 3,310,870 | ||||||||||||||
1,210,338 | 1,441,934 | 13,155,848 | |||||||||||||||
Operating profit |
217,055 | 496,074 | - | 56.2 | 2,359,293 | ||||||||||||
Other income (deductions): |
|||||||||||||||||
Interest and dividend income |
5,202 | 19,442 | 56,543 | ||||||||||||||
Interest expense |
(336 | ) | (837 | ) | (3,652 | ) | |||||||||||
Other, net |
(2,566 | ) | (33,532 | ) | (27,891 | ) | |||||||||||
2,300 | (14,927 | ) | 25,000 | ||||||||||||||
Income before income taxes |
219,355 | 481,147 | - | 54.4 | 2,384,293 | ||||||||||||
Income taxes |
84,122 | 160,788 | 914,369 | ||||||||||||||
Consolidated net income |
135,233 | 320,359 | 1,469,924 | ||||||||||||||
Less: Net income attributable to
noncontrolling interests |
3,586 | 11,211 | 38,978 | ||||||||||||||
Net income attributable to Canon Inc. |
¥ | 131,647 | ¥ | 309,148 | - | 57.4 | $ | 1,430,946 | |||||||||
Note: | Consolidated comprehensive income for the year ended December 31, 2009 and 2008 was JPY
168,452 million (increase) (U.S.$1,831,000 thousand (increase)) and JPY 18,681 million (decrease), respectively. |
- 7 -
Millions of yen | Thousands of | |||||||||||||||
Results for the fourth quarter | U.S. dollars | |||||||||||||||
Three months | Three months | Three months | ||||||||||||||
Sales by product |
ended | ended | Change(%) | ended | ||||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2009 | ||||||||||||||
Office |
465,131 | 507,955 | - | 8.4 | 5,055,772 | |||||||||||
Consumer |
412,729 | 376,588 | + | 9.6 | 4,486,185 | |||||||||||
Industry and Others |
117,070 | 137,681 | - | 15.0 | 1,272,500 | |||||||||||
Eliminations |
(40,872 | ) | (27,484 | ) | - | (444,261 | ) | |||||||||
Total |
¥ | 954,058 | ¥ | 994,740 | - | 4.1 | $ | 10,370,196 | ||||||||
Millions of yen | Thousands of | |||||||||||||||
U.S. dollars | ||||||||||||||||
Three months | Three months | Three months | ||||||||||||||
Sales by region |
ended | ended | Change(%) | ended | ||||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2009 | ||||||||||||||
Japan |
¥ | 197,599 | ¥ | 224,710 | - | 12.1 | $ | 2,147,815 | ||||||||
Overseas: |
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Americas |
274,782 | 283,002 | - | 2.9 | 2,986,761 | |||||||||||
Europe |
308,523 | 308,121 | + | 0.1 | 3,353,511 | |||||||||||
Other areas |
173,154 | 178,907 | - | 3.2 | 1,882,109 | |||||||||||
756,459 | 770,030 | - | 1.8 | 8,222,381 | ||||||||||||
Total |
¥ | 954,058 | ¥ | 994,740 | - | 4.1 | $ | 10,370,196 | ||||||||
Millions of yen | Thousands of | |||||||||||||||
Results for the fiscal year | U.S. dollars | |||||||||||||||
Sales by product |
Year ended | Year ended | Change(%) | Year ended | ||||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2009 | ||||||||||||||
Office |
1,645,076 | 2,246,609 | - | 26.8 | 17,881,261 | |||||||||||
Consumer |
1,301,160 | 1,456,075 | - | 10.6 | 14,143,043 | |||||||||||
Industry and Others |
357,998 | 522,405 | - | 31.5 | 3,891,283 | |||||||||||
Eliminations |
(95,033 | ) | (130,928 | ) | - | (1,032,967 | ) | |||||||||
Total |
¥ | 3,209,201 | ¥ | 4,094,161 | - | 21.6 | $ | 34,882,620 | ||||||||
Millions of yen | Thousands of | |||||||||||||||
U.S. dollars | ||||||||||||||||
Sales by region |
Year ended | Year ended | Change(%) | Year ended | ||||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2009 | ||||||||||||||
Japan |
¥ | 702,344 | ¥ | 868,280 | - | 19.1 | $ | 7,634,174 | ||||||||
Overseas: |
||||||||||||||||
Americas |
894,154 | 1,154,571 | - | 22.6 | 9,719,065 | |||||||||||
Europe |
995,150 | 1,341,400 | - | 25.8 | 10,816,848 | |||||||||||
Other areas |
617,553 | 729,910 | - | 15.4 | 6,712,533 | |||||||||||
2,506,857 | 3,225,881 | - | 22.3 | 27,248,446 | ||||||||||||
Total |
¥ | 3,209,201 | ¥ | 4,094,161 | - | 21.6 | $ | 34,882,620 | ||||||||
Notes: |
1. | The primary products included in each of the product segments are as follows: |
Office : | Office network digital multifunction devices (MFDs) /Color
network digital MFDs / Office copying machines /Personal-use copying machines /Full-color copying machines / Laser printers /Large format inkjet printers |
Consumer : | Digital SLR cameras /Compact digital cameras /Interchangeable
lenses /Digital video camcorders / Inkjet multifunction peripherals /Single function inkjet printers /Image scanners /Broadcasting equipment |
Industry and Others : | Semiconductor production equipment /Mirror projection mask aligners for LCD panels / Medical equipment /Components /Computer information systems /Document scanners / Personal information products |
2. | The principal countries and regions included in each regional category are as follows: Americas: United States of America, Canada, Latin America/ Europe: England, Germany, France, Netherlands / Other Areas: Asian regions, China, Oceania |
- 8 -
Accumulated | Total Canon | ||||||||||||||||||||||||||||||||||||||||||||||
Common | Additional | Legal | Retained | other | Treasury | Inc. | Noncontrolling | ||||||||||||||||||||||||||||||||||||||||
Stock | paid-in capital | reserve | earnings | comprehensive | stock | stockholders | interests | Total equity | |||||||||||||||||||||||||||||||||||||||
income (loss) | equity | ||||||||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2007 |
¥ | 174,698 | ¥ | 402,991 | ¥ | 46,017 | ¥ | 2,720,146 | ¥ | 34,670 | ¥ | (456,186 | ) | ¥ | 2,922,336 | ¥ | 222,870 | ¥ | 3,145,206 | ||||||||||||||||||||||||||||
Conversion of convertible debt |
64 | 63 | 127 | 127 | |||||||||||||||||||||||||||||||||||||||||||
Equity transaction with noncontrolling
interests and other |
761 | 761 | (26,218 | ) | (25,457 | ) | |||||||||||||||||||||||||||||||||||||||||
Dividends paid to Canon Inc. stockholders |
(145,024 | ) | (145,024 | ) | (145,024 | ) | |||||||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests |
(5,123 | ) | (5,123 | ) | |||||||||||||||||||||||||||||||||||||||||||
Transfers to legal reserve |
7,689 | (7,689 | ) | - | - | ||||||||||||||||||||||||||||||||||||||||||
Comprehensive income: |
|||||||||||||||||||||||||||||||||||||||||||||||
Net income |
309,148 | 309,148 | 11,211 | 320,359 | |||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income (loss), net of tax |
|||||||||||||||||||||||||||||||||||||||||||||||
Foreign currency translation adjustments |
(258,764 | ) | (258,764 | ) | (1,911 | ) | (260,675 | ) | |||||||||||||||||||||||||||||||||||||||
Net unrealized gains and losses on securities |
(5,152 | ) | (5,152 | ) | (690 | ) | (5,842 | ) | |||||||||||||||||||||||||||||||||||||||
Net gains and losses on derivative instruments |
2,342 | 2,342 | - | 2,342 | |||||||||||||||||||||||||||||||||||||||||||
Pension liability adjustments |
(65,916 | ) | (65,916 | ) | (8,949 | ) | (74,865 | ) | |||||||||||||||||||||||||||||||||||||||
Total comprehensive income (loss) |
(18,342 | ) | (339 | ) | (18,681 | ) | |||||||||||||||||||||||||||||||||||||||||
Repurchase of treasury stock, net |
(25 | ) | (5 | ) | (100,036 | ) | (100,066 | ) | (100,066 | ) | |||||||||||||||||||||||||||||||||||||
Balance at December 31, 2008 |
¥ | 174,762 | ¥ | 403,790 | ¥ | 53,706 | ¥ | 2,876,576 | ¥ | (292,820 | ) | ¥ | (556,222 | ) | ¥ | 2,659,792 | ¥ | 191,190 | ¥ | 2,850,982 | |||||||||||||||||||||||||||
Equity transaction with noncontrolling
interests and other |
503 | 503 | (1,376 | ) | (873 | ) | |||||||||||||||||||||||||||||||||||||||||
Dividends paid to Canon Inc. stockholders |
(135,793 | ) | (135,793 | ) | (135,793 | ) | |||||||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests |
(3,326 | ) | (3,326 | ) | |||||||||||||||||||||||||||||||||||||||||||
Transfers to legal reserve |
981 | (981 | ) | - | - | ||||||||||||||||||||||||||||||||||||||||||
Comprehensive income: |
|||||||||||||||||||||||||||||||||||||||||||||||
Net income |
131,647 | 131,647 | 3,586 | 135,233 | |||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income (loss), net of tax |
|||||||||||||||||||||||||||||||||||||||||||||||
Foreign currency translation adjustments |
33,340 | 33,340 | 30 | 33,370 | |||||||||||||||||||||||||||||||||||||||||||
Net unrealized gains and losses on securities |
2,150 | 2,150 | 67 | 2,217 | |||||||||||||||||||||||||||||||||||||||||||
Net gains and losses on derivative instruments |
(1,422 | ) | (1,422 | ) | (1 | ) | (1,423 | ) | |||||||||||||||||||||||||||||||||||||||
Pension liability adjustments |
(2,066 | ) | (2,066 | ) | 1,121 | (945 | ) | ||||||||||||||||||||||||||||||||||||||||
Total comprehensive income |
163,649 | 4,803 | 168,452 | ||||||||||||||||||||||||||||||||||||||||||||
Repurchase of treasury stock, net |
(12 | ) | (30 | ) | (42 | ) | (42 | ) | |||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2009 |
¥ | 174,762 | ¥ | 404,293 | ¥ | 54,687 | ¥ | 2,871,437 | ¥ | (260,818 | ) | ¥ | (556,252 | ) | ¥ | 2,688,109 | ¥ | 191,291 | ¥ | 2,879,400 | |||||||||||||||||||||||||||
Thousands of U.S. dollars | |||||||||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2008 |
$ | 1,899,587 | $ | 4,389,022 | $ | 583,761 | $ | 31,267,130 | $ | (3,182,825 | ) | $ | (6,045,892 | ) | $ | 28,910,783 | $ | 2,078,152 | $ | 30,988,935 | |||||||||||||||||||||||||||
Equity transaction with noncontrolling
interests and other |
5,467 | 5,467 | (14,956 | ) | (9,489 | ) | |||||||||||||||||||||||||||||||||||||||||
Dividends paid to Canon Inc. stockholders |
(1,476,011 | ) | (1,476,011 | ) | (1,476,011 | ) | |||||||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests |
(36,152 | ) | (36,152 | ) | |||||||||||||||||||||||||||||||||||||||||||
Transfers to legal reserve |
10,663 | (10,663 | ) | - | - | ||||||||||||||||||||||||||||||||||||||||||
Comprehensive income: |
|||||||||||||||||||||||||||||||||||||||||||||||
Net income |
1,430,946 | 1,430,946 | 38,978 | 1,469,924 | |||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income (loss), net of tax |
|||||||||||||||||||||||||||||||||||||||||||||||
Foreign currency translation adjustments |
362,391 | 362,391 | 326 | 362,717 | |||||||||||||||||||||||||||||||||||||||||||
Net unrealized gains and losses on securities |
23,370 | 23,370 | 728 | 24,098 | |||||||||||||||||||||||||||||||||||||||||||
Net gains and losses on derivative instruments |
(15,457 | ) | (15,457 | ) | (11 | ) | (15,468 | ) | |||||||||||||||||||||||||||||||||||||||
Pension liability adjustments |
(22,457 | ) | (22,457 | ) | 12,185 | (10,272 | ) | ||||||||||||||||||||||||||||||||||||||||
Total comprehensive income |
1,778,793 | 52,206 | 1,830,999 | ||||||||||||||||||||||||||||||||||||||||||||
Repurchase of treasury stock, net |
(130 | ) | (326 | ) | (456 | ) | (456 | ) | |||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2009 |
$ | 1,899,587 | $ | 4,394,489 | $ | 594,424 | $ | 31,211,272 | $ | (2,834,978 | ) | $ | (6,046,218 | ) | $ | 29,218,576 | $ | 2,079,250 | $ | 31,297,826 | |||||||||||||||||||||||||||
- 9 -
Millions of yen | Thousands of | |||||||||||
U.S. dollars | ||||||||||||
Year ended | Year ended | Year ended | ||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2009 | ||||||||||
Cash flows from operating activities: |
||||||||||||
Consolidated net income |
¥ | 135,233 | ¥ | 320,359 | $ | 1,469,924 | ||||||
Adjustments to reconcile net income to net cash provided by operating activities: |
||||||||||||
Depreciation and amortization |
315,393 | 341,337 | 3,428,185 | |||||||||
Loss on disposal of property, plant and equipment |
8,215 | 11,811 | 89,294 | |||||||||
Deferred income taxes |
20,712 | (32,497 | ) | 225,130 | ||||||||
Decrease in trade receivables |
48,244 | 83,521 | 524,391 | |||||||||
Decrease in inventories |
143,580 | 49,547 | 1,560,652 | |||||||||
Decrease in trade payables |
(76,843 | ) | (36,719 | ) | (835,250 | ) | ||||||
Decrease in accrued income taxes |
(21,023 | ) | (77,340 | ) | (228,511 | ) | ||||||
Decrease in accrued expenses |
(9,827 | ) | (30,694 | ) | (106,815 | ) | ||||||
Increase (decrease) in accrued (prepaid) pension and severance
cost |
4,765 | (12,128 | ) | 51,793 | ||||||||
Other, net |
42,786 | (513 | ) | 465,066 | ||||||||
Net cash provided by operating activities |
611,235 | 616,684 | 6,643,859 | |||||||||
Cash flows from investing activities: |
||||||||||||
Purchases of fixed assets |
(327,983 | ) | (428,168 | ) | (3,565,033 | ) | ||||||
Proceeds from sale of fixed assets |
8,893 | 7,453 | 96,663 | |||||||||
Purchases of available-for-sale securities |
(3,253 | ) | (7,307 | ) | (35,359 | ) | ||||||
Proceeds from sale and maturity of available-for-sale securities |
2,460 | 4,320 | 26,739 | |||||||||
Proceeds from maturity of held-to-maturity securities |
- | 10,000 | - | |||||||||
(Increase) decrease in time deposits, net |
(11,345 | ) | 2,892 | (123,315 | ) | |||||||
Acquisitions of subsidiaries, net of cash acquired |
(2,979 | ) | (5,999 | ) | (32,380 | ) | ||||||
Purchases of other investments |
(37,981 | ) | (45,473 | ) | (412,837 | ) | ||||||
Other, net |
1,944 | (10,198 | ) | 21,131 | ||||||||
Net cash used in investing activities |
(370,244 | ) | (472,480 | ) | (4,024,391 | ) | ||||||
Cash flows from financing activities: |
||||||||||||
Proceeds from issuance of long-term debt |
3,361 | 6,841 | 36,533 | |||||||||
Repayments of long-term debt |
(6,282 | ) | (15,397 | ) | (68,283 | ) | ||||||
Decrease in short-term loans |
(280 | ) | (2,643 | ) | (3,043 | ) | ||||||
Dividends paid |
(135,793 | ) | (145,024 | ) | (1,476,011 | ) | ||||||
Repurchases of treasury stock, net |
(42 | ) | (100,066 | ) | (457 | ) | ||||||
Other, net |
(3,343 | ) | (21,276 | ) | (36,337 | ) | ||||||
Net cash used in financing activities |
(142,379 | ) | (277,565 | ) | (1,547,598 | ) | ||||||
Effect of exchange rate changes on cash and cash equivalents |
17,226 | (131,906 | ) | 187,239 | ||||||||
Net change in cash and cash equivalents |
115,838 | (265,267 | ) | 1,259,109 | ||||||||
Cash and cash equivalents at beginning of period |
679,196 | 944,463 | 7,382,565 | |||||||||
Cash and cash equivalents at end of period |
¥ | 795,034 | ¥ | 679,196 | $ | 8,641,674 | ||||||
- 10 -
Results for the fourth quarter |
Millions of yen | Thousands of | ||||||||||||||
U.S. dollars | ||||||||||||||||
Three months | Three months | Three months | ||||||||||||||
ended | ended | Change(%) | ended | |||||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2009 | ||||||||||||||
|
||||||||||||||||
Office
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 462,149 | ¥ | 502,389 | - 8.0 | $ | 5,023,359 | |||||||||
Intersegment
|
2,982 | 5,566 | - 46.4 | 32,413 | ||||||||||||
|
||||||||||||||||
Total
|
465,131 | 507,955 | - 8.4 | 5,055,772 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
384,517 | 423,226 | - 9.1 | 4,179,533 | ||||||||||||
|
||||||||||||||||
Operating profit
|
¥ | 80,614 | ¥ | 84,729 | - 4.9 | $ | 876,239 | |||||||||
|
||||||||||||||||
|
||||||||||||||||
Consumer
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 412,087 | ¥ | 375,941 | + 9.6 | $ | 4,479,207 | |||||||||
Intersegment
|
642 | 647 | - 0.8 | 6,978 | ||||||||||||
|
||||||||||||||||
Total
|
412,729 | 376,588 | + 9.6 | 4,486,185 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
337,586 | 335,715 | + 0.6 | 3,669,413 | ||||||||||||
|
||||||||||||||||
Operating profit
|
¥ | 75,143 | ¥ | 40,873 | + 83.8 | $ | 816,772 | |||||||||
|
||||||||||||||||
|
||||||||||||||||
Industry and Others
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 79,822 | ¥ | 116,410 | - 31.4 | $ | 867,630 | |||||||||
Intersegment
|
37,248 | 21,271 | + 75.1 | 404,870 | ||||||||||||
|
||||||||||||||||
Total
|
117,070 | 137,681 | - 15.0 | 1,272,500 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
152,030 | 189,957 | - 20.0 | 1,652,500 | ||||||||||||
|
||||||||||||||||
Operating profit (loss)
|
¥ | (34,960 | ) | ¥ | (52,276 | ) | - | $ | (380,000 | ) | ||||||
|
||||||||||||||||
|
||||||||||||||||
Corporate and Eliminations
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | - | ¥ | - | - | $ | - | |||||||||
Intersegment
|
(40,872 | ) | (27,484 | ) | - | (444,261 | ) | |||||||||
|
||||||||||||||||
Total
|
(40,872 | ) | (27,484 | ) | - | (444,261 | ) | |||||||||
|
||||||||||||||||
Operating cost and
expenses
|
(12,203 | ) | 10,017 | - | (132,641 | ) | ||||||||||
|
||||||||||||||||
Operating profit (loss)
|
¥ | (28,669 | ) | ¥ | (37,501 | ) | - | $ | (311,620 | ) | ||||||
|
||||||||||||||||
|
||||||||||||||||
Consolidated
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 954,058 | ¥ | 994,740 | - 4.1 | $ | 10,370,196 | |||||||||
Intersegment
|
- | - | - | - | ||||||||||||
|
||||||||||||||||
Total
|
954,058 | 994,740 | - 4.1 | 10,370,196 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
861,930 | 958,915 | - 10.1 | 9,368,805 | ||||||||||||
|
||||||||||||||||
Operating profit
|
¥ | 92,128 | ¥ | 35,825 | + 157.2 | $ | 1,001,391 | |||||||||
|
- 11 -
Results
for the fiscal year |
Millions of yen | Thousands of | ||||||||||||||
U.S. dollars | ||||||||||||||||
Year ended | Year ended | Change(%) | Year ended | |||||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2009 | ||||||||||||||
|
||||||||||||||||
|
||||||||||||||||
Office
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 1,635,056 | ¥ | 2,223,253 | - 26.5 | $ | 17,772,348 | |||||||||
Intersegment
|
10,020 | 23,356 | - 57.1 | 108,913 | ||||||||||||
|
||||||||||||||||
Total
|
1,645,076 | 2,246,609 | - 26.8 | 17,881,261 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
1,415,680 | 1,789,263 | - 20.9 | 15,387,826 | ||||||||||||
|
||||||||||||||||
Operating profit
|
229,396 | 457,346 | - 49.8 | 2,493,435 | ||||||||||||
|
||||||||||||||||
Total assets
|
745,646 | 822,660 | - 9.4 | 8,104,848 | ||||||||||||
Depreciation and amortization
|
90,878 | 99,962 | - 9.1 | 987,804 | ||||||||||||
Capital Expenditures
|
¥ | 96,718 | ¥ | 139,046 | - 30.4 | $ | 1,051,283 | |||||||||
|
||||||||||||||||
|
||||||||||||||||
Consumer
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 1,299,194 | ¥ | 1,453,647 | - 10.6 | $ | 14,121,674 | |||||||||
Intersegment
|
1,966 | 2,428 | - 19.0 | 21,369 | ||||||||||||
|
||||||||||||||||
Total
|
1,301,160 | 1,456,075 | - 10.6 | 14,143,043 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
1,117,668 | 1,232,951 | - 9.4 | 12,148,565 | ||||||||||||
|
||||||||||||||||
Operating profit
|
183,492 | 223,124 | - 17.8 | 1,994,478 | ||||||||||||
|
||||||||||||||||
Total assets
|
437,160 | 502,927 | - 13.1 | 4,751,739 | ||||||||||||
Depreciation and amortization
|
48,701 | 58,082 | - 16.2 | 529,359 | ||||||||||||
Capital Expenditures
|
¥ | 27,503 | ¥ | 52,641 | - 47.8 | $ | 298,946 | |||||||||
|
||||||||||||||||
|
||||||||||||||||
Industry and Others
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 274,951 | ¥ | 417,261 | - 34.1 | $ | 2,988,598 | |||||||||
Intersegment
|
83,047 | 105,144 | - 21.0 | 902,685 | ||||||||||||
|
||||||||||||||||
Total
|
357,998 | 522,405 | - 31.5 | 3,891,283 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
433,954 | 570,281 | - 23.9 | 4,716,892 | ||||||||||||
|
||||||||||||||||
Operating profit (loss)
|
(75,956 | ) | (47,876 | ) | - | (825,609 | ) | |||||||||
|
||||||||||||||||
Total assets
|
359,635 | 453,581 | - 20.7 | 3,909,076 | ||||||||||||
Depreciation and amortization
|
60,770 | 71,557 | - 15.1 | 660,543 | ||||||||||||
Capital Expenditures
|
¥ | 25,644 | ¥ | 31,445 | - 18.4 | $ | 278,739 | |||||||||
|
||||||||||||||||
|
||||||||||||||||
Corporate and Eliminations
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | - | ¥ | - | - | $ | - | |||||||||
Intersegment
|
(95,033 | ) | (130,928 | ) | - | (1,032,967 | ) | |||||||||
|
||||||||||||||||
Total
|
(95,033 | ) | (130,928 | ) | - | (1,032,967 | ) | |||||||||
|
||||||||||||||||
Operating cost and
expenses
|
24,844 | 5,592 | - | 270,044 | ||||||||||||
|
||||||||||||||||
Operating profit (loss)
|
(119,877 | ) | (136,520 | ) | - | (1,303,011 | ) | |||||||||
|
||||||||||||||||
Total assets
|
2,305,116 | 2,190,766 | + 5.2 | 25,055,609 | ||||||||||||
Depreciation and amortization
|
115,044 | 111,736 | + 3.0 | 1,250,479 | ||||||||||||
Capital Expenditures
|
¥ | 108,387 | ¥ | 180,268 | - 39.9 | $ | 1,178,119 | |||||||||
|
||||||||||||||||
|
||||||||||||||||
Consolidated
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 3,209,201 | ¥ | 4,094,161 | - 21.6 | $ | 34,882,620 | |||||||||
Intersegment
|
- | - | - | - | ||||||||||||
|
||||||||||||||||
Total
|
3,209,201 | 4,094,161 | - 21.6 | 34,882,620 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
2,992,146 | 3,598,087 | - 16.8 | 32,523,327 | ||||||||||||
|
||||||||||||||||
Operating profit
|
217,055 | 496,074 | - 56.2 | 2,359,293 | ||||||||||||
|
||||||||||||||||
Total assets
|
3,847,557 | 3,969,934 | - 3.1 | 41,821,272 | ||||||||||||
Depreciation and amortization
|
315,393 | 341,337 | - 7.6 | 3,428,185 | ||||||||||||
Capital Expenditures
|
¥ | 258,252 | ¥ | 403,400 | - 36.0 | $ | 2,807,087 | |||||||||
|
- 12 -
Results
for the fourth quarter |
Millions
of yen |
Thousands of U.S. dollars |
||||||||||||||
Three months | Three months | Three months | ||||||||||||||
ended | ended | Change(%) | ended | |||||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2009 | ||||||||||||||
Japan
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 227,939 | ¥ | 270,681 | - 15.8 | $ | 2,477,598 | |||||||||
Intersegment
|
539,255 | 492,810 | + 9.4 | 5,861,467 | ||||||||||||
|
||||||||||||||||
Total
|
767,194 | 763,491 | + 0.5 | 8,339,065 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
667,146 | 759,005 | - 12.1 | 7,251,587 | ||||||||||||
|
||||||||||||||||
Operating profit
|
¥ | 100,048 | ¥ | 4,486 | +2,130.2 | $ | 1,087,478 | |||||||||
|
||||||||||||||||
|
||||||||||||||||
Americas
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 268,797 | ¥ | 276,764 | - 2.9 | $ | 2,921,707 | |||||||||
Intersegment
|
392 | 895 | - 56.2 | 4,260 | ||||||||||||
|
||||||||||||||||
Total
|
269,189 | 277,659 | - 3.1 | 2,925,967 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
263,571 | 279,180 | - 5.6 | 2,864,902 | ||||||||||||
|
||||||||||||||||
Operating profit (loss)
|
¥ | 5,618 | ¥ | (1,521 | ) | - | $ | 61,065 | ||||||||
|
||||||||||||||||
|
||||||||||||||||
Europe
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 306,949 | ¥ | 305,330 | + 0.5 | $ | 3,336,402 | |||||||||
Intersegment
|
(1,313 | ) | 826 | - | (14,272 | ) | ||||||||||
|
||||||||||||||||
Total
|
305,636 | 306,156 | - 0.2 | 3,322,130 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
298,750 | 297,897 | + 0.3 | 3,247,282 | ||||||||||||
|
||||||||||||||||
Operating profit
|
¥ | 6,886 | ¥ | 8,259 | - 16.6 | $ | 74,848 | |||||||||
|
||||||||||||||||
|
||||||||||||||||
Others
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 150,373 | ¥ | 141,965 | + 5.9 | $ | 1,634,489 | |||||||||
Intersegment
|
165,586 | 137,565 | + 20.4 | 1,799,848 | ||||||||||||
|
||||||||||||||||
Total
|
315,959 | 279,530 | + 13.0 | 3,434,337 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
309,860 | 279,329 | + 10.9 | 3,368,044 | ||||||||||||
|
||||||||||||||||
Operating profit
|
¥ | 6,099 | ¥ | 201 | +2,934.3 | $ | 66,293 | |||||||||
|
||||||||||||||||
|
||||||||||||||||
Corporate and Eliminations
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | - | ¥ | - | - | $ | - | |||||||||
Intersegment
|
(703,920 | ) | (632,096 | ) | - | (7,651,303 | ) | |||||||||
|
||||||||||||||||
Total
|
(703,920 | ) | (632,096 | ) | - | (7,651,303 | ) | |||||||||
|
||||||||||||||||
Operating cost and
expenses
|
(677,397 | ) | (656,496 | ) | - | (7,363,010 | ) | |||||||||
|
||||||||||||||||
Operating profit (loss)
|
¥ | (26,523 | ) | ¥ | 24,400 | - | $ | (288,293 | ) | |||||||
|
||||||||||||||||
|
||||||||||||||||
Consolidated
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 954,058 | ¥ | 994,740 | - 4.1 | $ | 10,370,196 | |||||||||
Intersegment
|
- | - | - | - | ||||||||||||
|
||||||||||||||||
Total
|
954,058 | 994,740 | - 4.1 | 10,370,196 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
861,930 | 958,915 | - 10.1 | 9,368,805 | ||||||||||||
|
||||||||||||||||
Operating profit
|
¥ | 92,128 | ¥ | 35,825 | + 157.2 | $ | 1,001,391 | |||||||||
|
- 13 -
Results
for the fiscal year |
Millions of yen | Thousands of | ||||||||||||||
U.S. dollars | ||||||||||||||||
Year ended | Year ended | Change(%) | Year ended | |||||||||||||
December 31, 2009 | December 31, 2008 | December 31, 2009 | ||||||||||||||
|
||||||||||||||||
Japan
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 827,762 | ¥ | 998,676 | - 17.1 | $ | 8,997,413 | |||||||||
Intersegment
|
1,714,375 |
2,318,521 |
- 26.1 |
18,634,511 |
||||||||||||
|
||||||||||||||||
Total
|
2,542,137 | 3,317,197 | - 23.4 | 27,631,924 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
2,288,471 | 2,812,645 | - 18.6 | 24,874,685 | ||||||||||||
|
||||||||||||||||
Operating profit
|
253,666 | 504,552 | - 49.7 | 2,757,239 | ||||||||||||
|
||||||||||||||||
Total assets
|
¥ | 1,386,511 | ¥ | 1,607,653 | - 13.8 | $ | 15,070,772 | |||||||||
|
||||||||||||||||
|
||||||||||||||||
Americas
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 871,633 | ¥ | 1,141,560 | - 23.6 | $ | 9,474,272 | |||||||||
Intersegment
|
1,263 |
3,758 |
- 66.4 |
13,728 |
||||||||||||
|
||||||||||||||||
Total
|
872,896 | 1,145,318 | - 23.8 | 9,488,000 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
860,863 | 1,136,288 | - 24.2 | 9,357,207 | ||||||||||||
|
||||||||||||||||
Operating profit
|
12,033 | 9,030 | + 33.3 | 130,793 | ||||||||||||
|
||||||||||||||||
Total assets
|
¥ | 198,094 | ¥ | 203,255 | - 2.5 | $ | 2,153,196 | |||||||||
|
||||||||||||||||
|
||||||||||||||||
Europe
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 991,336 | ¥ | 1,337,147 | - 25.9 | $ | 10,775,391 | |||||||||
Intersegment
|
919 |
4,329 |
- 78.8 |
9,989 |
||||||||||||
|
||||||||||||||||
Total
|
992,255 | 1,341,476 | - 26.0 | 10,785,380 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
964,606 | 1,314,942 | - 26.6 | 10,484,847 | ||||||||||||
|
||||||||||||||||
Operating profit
|
27,649 | 26,534 | + 4.2 | 300,533 | ||||||||||||
|
||||||||||||||||
Total assets
|
¥ | 378,477 | ¥ | 417,562 | - 9.4 | $ | 4,113,880 | |||||||||
|
||||||||||||||||
|
||||||||||||||||
Others
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 518,470 | ¥ | 616,778 | - 15.9 | $ | 5,635,544 | |||||||||
Intersegment
|
534,147 |
670,678 |
- 20.4 |
5,805,945 |
||||||||||||
|
||||||||||||||||
Total
|
1,052,617 | 1,287,456 | - 18.2 | 11,441,489 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
1,019,208 | 1,247,156 | - 18.3 | 11,078,348 | ||||||||||||
|
||||||||||||||||
Operating profit
|
33,409 | 40,300 | - 17.1 | 363,141 | ||||||||||||
|
||||||||||||||||
Total assets
|
¥ | 384,795 | ¥ | 344,638 | + 11.7 | $ | 4,182,554 | |||||||||
|
||||||||||||||||
|
||||||||||||||||
Corporate and Eliminations
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | - | ¥ | - | - | $ | - | |||||||||
Intersegment
|
(2,250,704 |
) | (2,997,286 |
) | - |
(24,464,173 |
) | |||||||||
|
||||||||||||||||
Total
|
(2,250,704 | ) | (2,997,286 | ) | - | (24,464,173 | ) | |||||||||
|
||||||||||||||||
Operating cost and
expenses
|
(2,141,002 | ) | (2,912,944 | ) | - | (23,271,760 | ) | |||||||||
|
||||||||||||||||
Operating profit (loss)
|
(109,702 | ) | (84,342 | ) | - | (1,192,413 | ) | |||||||||
|
||||||||||||||||
Total assets
|
¥ | 1,499,680 | ¥ | 1,396,826 | + 7.4 | $ | 16,300,870 | |||||||||
|
||||||||||||||||
|
||||||||||||||||
Consolidated
|
||||||||||||||||
Net sales:
|
||||||||||||||||
External customers
|
¥ | 3,209,201 | ¥ | 4,094,161 | - 21.6 | $ | 34,882,620 | |||||||||
Intersegment
|
- |
- |
- |
- |
||||||||||||
|
||||||||||||||||
Total
|
3,209,201 | 4,094,161 | - 21.6 | 34,882,620 | ||||||||||||
|
||||||||||||||||
Operating cost and
expenses
|
2,992,146 | 3,598,087 | - 16.8 | 32,523,327 | ||||||||||||
|
||||||||||||||||
Operating profit
|
217,055 | 496,074 | - 56.2 | 2,359,293 | ||||||||||||
|
||||||||||||||||
Total assets
|
¥ | 3,847,557 | ¥ | 3,969,934 | - 3.1 | $ | 41,821,272 | |||||||||
|
- 14 -
1. | Number of Group Companies |
December 31, 2009 | December 31, 2008 | Change | |||||||||||||||
Subsidiaries |
241 | 245 | (4 | ) | |||||||||||||
Affiliates |
15 | 18 | (3 | ) | |||||||||||||
Total |
256 | 263 | (7 | ) | |||||||||||||
2. | Change in Group Entities |
Subsidiaries | ||||
Addition: | 12 companies | |||
Removal: | 16 companies | |||
Affiliates (Carried at Equity Basis) | ||||
Addition: | 2 companies | |||
Removal: | 5 companies |
3. | Subsidiaries Listed on Domestic Stock Exchange |
Tokyo Stock Exchange (1st section): Canon Marketing Japan Inc., Canon Electronics Inc., Canon Finetech Inc. Tokyo Stock Exchange (2nd section): Canon Software Inc. Osaka Securities Exchange (2nd section): Canon Machinery Inc. JASDAQ: Tokki Corporation, Asia Pacific System Research Co., Ltd. Osaka Securities Exchange (Hercules): e-System Corporation |
While previous segment information has been presented in accordance with accounting
guidance generally accepted in Japan, Canon adopted the guidance for segment reporting
under U.S. generally accepted accounting principles (U.S. GAAP) in the fiscal year
beginning January 1, 2009. Accordingly, prior year segment information has been adjusted to
conform to this guidance under U.S. GAAP. |
||
Recently Issued Accounting Guidance |
Canon adopted new guidance for noncontrolling interests in consolidated financial
statements in the first quarter beginning January 1, 2009. Upon the adoption of this
guidance, noncontrolling interests, which were previously referred to as minority interests
and classified between total liabilities and stockholders equity on the consolidated
balance sheets, are now included as a separate component of total equity. In addition,
consolidated net income on the consolidated statements of income now includes the net
income (loss) attributable to noncontrolling interests. These financial statement
presentation requirements have been adopted retrospectively and prior year amounts in the
consolidated financial statements including the consolidated statements of cash flows have
been reclassified or adjusted to conform to this guidance. |
- 15 -
Results for the fiscal year | Millions of yen | Thousands of | ||||||||||
U.S. dollars | ||||||||||||
Year ended | Year ended | Year ended | ||||||||||
December 31, | December 31, | December 31, | ||||||||||
2009 | 2008 | 2009 | ||||||||||
Net income attributable to Canon Inc. |
||||||||||||
-Basic |
¥ | 131,647 | ¥ | 309,148 | $ | 1,430,946 | ||||||
-Diluted |
131,647 | 309,150 | 1,430,946 | |||||||||
Number of shares | ||||||||||||
Average common shares outstanding |
||||||||||||
-Basic |
1,234,481,836 | 1,255,626,490 | ||||||||||
-Diluted |
1,234,481,836 | 1,255,706,419 | ||||||||||
Yen | U.S. dollars | |||||||||||
Net income attributable to Canon Inc. stockholders per share: |
||||||||||||
-Basic |
¥ | 106.64 | ¥ | 246.21 | $ | 1.16 | ||||||
-Diluted |
106.64 | 246.20 | 1.16 |
(2) | FINANCE RECEIVABLES AND OPERATING LEASES, ACQUISITIONS, MARKETABLE SECURITIES, DEFERRED TAX ACCOUNTING, EMPLOYEE RETIREMENT AND SEVERANCE BENEFITS, STOCK OPTIONS, DERIVATIVE CONTRACTS AND OTHERS |
- 16 -
Millions of yen | ||||||||||||
As of | As of | |||||||||||
December 31, | December 31, | Change | ||||||||||
2009 | 2008 | |||||||||||
ASSETS |
||||||||||||
Current assets: |
||||||||||||
Cash |
¥ | 6,855 | ¥ | 10,674 | ¥ | (3,819 | ) | |||||
Trade receivables |
649,594 | 608,047 | 41,547 | |||||||||
Marketable securities |
92,740 | 93,899 | (1,159 | ) | ||||||||
Inventories |
147,938 | 221,668 | (73,730 | ) | ||||||||
Prepaid expenses and other current assets |
215,657 | 204,645 | 11,012 | |||||||||
Allowance for doubtful receivables |
(1 | ) | (1 | ) | - | |||||||
Total current assets |
1,112,783 | 1,138,932 | (26,149 | ) | ||||||||
Fixed assets: |
||||||||||||
Net property, plant and equipment |
862,901 | 929,217 | (66,316 | ) | ||||||||
Intangibles |
32,444 | 40,431 | (7,987 | ) | ||||||||
Investments and other fixed assets |
543,027 | 510,476 | 32,551 | |||||||||
Allowance for doubtful receivables-noncurrent |
(55 | ) | (58 | ) | 3 | |||||||
Total fixed assets |
1,438,317 | 1,480,066 | (41,749 | ) | ||||||||
Total assets |
¥ | 2,551,100 | ¥ | 2,618,998 | ¥ | (67,898 | ) | |||||
LIABILITIES AND NET ASSETS |
||||||||||||
Current liabilities: |
||||||||||||
Trade payables |
¥ | 332,219 | ¥ | 323,980 | ¥ | 8,239 | ||||||
Short-term loans |
226,749 | 156,148 | 70,601 | |||||||||
Accrued income taxes |
27,639 | 47,825 | (20,186 | ) | ||||||||
Accrued warranty expenses |
3,043 | 6,077 | (3,034 | ) | ||||||||
Accrued bonuses for employees |
4,129 | 4,972 | (843 | ) | ||||||||
Accrued bonuses for directors |
127 | 244 | (117 | ) | ||||||||
Other current liabilities |
105,774 | 176,255 | (70,481 | ) | ||||||||
Total current liabilities |
699,680 | 715,501 | (15,821 | ) | ||||||||
Noncurrent liabilities: |
||||||||||||
Accrued pension and severance cost |
34,524 | 34,456 | 68 | |||||||||
Accrued directors retirement benefits |
1,786 | 1,576 | 210 | |||||||||
Reserve for environmental provision |
1,170 | 1,300 | (130 | ) | ||||||||
Accrued long service rewards for employees |
1,176 | 1,160 | 16 | |||||||||
Other noncurrent liabilities |
46 | - | 46 | |||||||||
Total noncurrent liabilities |
38,702 | 38,492 | 210 | |||||||||
Total liabilities |
738,382 | 753,993 | (15,611 | ) | ||||||||
Net assets: |
||||||||||||
Stockholders equity |
1,810,900 | 1,865,955 | (55,055 | ) | ||||||||
Valuation and translation adjustments |
1,008 | (1,196 | ) | 2,204 | ||||||||
Subscription right to shares |
810 | 246 | 564 | |||||||||
Total net assets |
1,812,718 | 1,865,005 | (52,287 | ) | ||||||||
Total liabilities and net assets |
¥ | 2,551,100 | ¥ | 2,618,998 | ¥ | (67,898 | ) | |||||
Notes: | As of | As of | ||||||||||
December 31, | December 31, | |||||||||||
2009 | 2008 | |||||||||||
1.Accumulated depreciation |
¥ | 1,122,921 | ¥ | 988,205 | ||||||||
Accumulated impairment loss |
¥ | 21,606 | ¥ | 10,197 | ||||||||
2.Cautionary obligation and other |
||||||||||||
Cautionary obligation contract |
¥ | 16,256 | ¥ | 19,323 | ||||||||
3.Issuance of new stock |
¥ | - | ¥ | 127 | ||||||||
(Those capitalized) |
¥ | - | ¥ | 64 | ||||||||
Those due to conversion of convertible debentures |
¥ | - | ¥ | 127 | ||||||||
(Those capitalized) |
¥ | - | ¥ | 64 | ||||||||
4.Number of stock newly issued (Thousand shares) |
- | 127 | ||||||||||
Those due to conversion of convertible debentures |
||||||||||||
(Thousand shares) |
- | 127 |
- 17 -
CANON INC. | NON-CONSOLIDATED |
Millions of yen |
||||||||||||
Year ended | Year ended | |||||||||||
December 31, | December 31, | Change(%) | ||||||||||
2009 | 2008 | |||||||||||
Net sales |
¥ | 2,025,546 | ¥ | 2,721,094 | - 25.6 | |||||||
Cost of sales |
1,471,056 | 1,801,801 | ||||||||||
Gross profit |
554,490 | 919,293 | - 39.7 | |||||||||
Selling, general and administrative expenses |
456,713 | 560,587 | ||||||||||
Operating profit |
97,777 | 358,706 | - 72.7 | |||||||||
Other income (deductions): |
||||||||||||
Interest and dividend income |
16,314 | 14,931 | ||||||||||
Interest expense |
(3,916 | ) | (3,844 | ) | ||||||||
Other, net |
32,509 | (10,707 | ) | |||||||||
44,907 | 380 | |||||||||||
Ordinary profit |
142,684 | 359,086 | - 60.3 | |||||||||
Non-ordinary gain (loss), net |
(20,396 | ) | (26,084 | ) | ||||||||
Income before income taxes |
122,288 | 333,002 | - 63.3 | |||||||||
Income taxes |
41,510 | 108,867 | ||||||||||
Net income |
¥ | 80,778 | ¥ | 224,135 | - 64.0 | |||||||
Sales by product | Millions of yen |
|||||||||||
Year ended | Year ended | |||||||||||
December 31, | December 31, | Change(%) | ||||||||||
2009 | 2008 | |||||||||||
Office |
¥ | 1,021,285 | ¥ | 1,466,975 | - 30.4 | |||||||
Consumer |
950,554 | 1,105,067 | - 14.0 | |||||||||
Industrial and others |
53,707 | 149,052 | - 64.0 | |||||||||
Total |
¥ | 2,025,546 | ¥ | 2,721,094 | - 25.6 | |||||||
Sales by region | Millions of yen |
|||||||||||
Year ended | Year ended | |||||||||||
December 31, | December 31, | Change(%) | ||||||||||
2009 | 2008 | |||||||||||
Japan |
¥ | 276,385 | ¥ | 350,094 | - 21.1 | |||||||
Overseas: |
||||||||||||
Americas |
645,174 | 883,911 | - 27.0 | |||||||||
Europe |
677,162 | 935,449 | - 27.6 | |||||||||
Other areas |
426,825 | 551,640 | - 22.6 | |||||||||
1,749,161 | 2,371,000 | - 26.2 | ||||||||||
Total |
¥ | 2,025,546 | ¥ | 2,721,094 | - 25.6 | |||||||
- 18 -
Year ended December 31, 2009 | (Millions of yen) | ||||||||||||||||||||||||||||||||||||||||||||
Stockholders equity | Valuation
and translation adjustments |
Subscription rights to shares |
Total net assets |
||||||||||||||||||||||||||||||||||||||||||
Common stock |
Capital surplus | Retained earnings | Treasury stock |
Total stockholders equity |
Net unrealized gains (losses) on securities |
Net
Deferred profits (losses) on hedges |
|||||||||||||||||||||||||||||||||||||||
Additional paid-in capital |
Other capital surplus |
Legal reserve |
Other retained earnings | ||||||||||||||||||||||||||||||||||||||||||
Reserve for special depreciation |
Reserve
for deferral of capital gain on property |
Special reserves |
Retained earnings |
||||||||||||||||||||||||||||||||||||||||||
Balance as of
December 31, 2008 |
¥ | 174,762 | ¥ | 306,288 | - | ¥ | 22,114 | ¥ | 4,664 | ¥ | 2,578 | ¥ | 1,249,928 | ¥ | 661,843 | ¥ | (556,222 | ) | ¥ | 1,865,955 | ¥ | (1,048 | ) | ¥ | (148 | ) | ¥ | 246 | ¥ | 1,865,005 | |||||||||||||||
Changes
in the term |
|||||||||||||||||||||||||||||||||||||||||||||
Transfer to
reserve for special depreciation |
146 | (146 | ) | - | - | ||||||||||||||||||||||||||||||||||||||||
Reversal of
reserve for special depreciation |
(3,244 | ) | 3,244 | - | - | ||||||||||||||||||||||||||||||||||||||||
Transfer to
reserve for deferral of capital gain on property |
199 | (199 | ) | - | - | ||||||||||||||||||||||||||||||||||||||||
Reversal of
reserve for deferral of capital gain on property |
(76 | ) | 76 | - | - | ||||||||||||||||||||||||||||||||||||||||
Dividends paid
|
(135,793 | ) | (135,793 | ) | (135,793 | ) | |||||||||||||||||||||||||||||||||||||||
Net income
|
80,778 | 80,778 | 80,778 | ||||||||||||||||||||||||||||||||||||||||||
Purchase of
treasury stock |
(51 | ) | (51 | ) | (51 | ) | |||||||||||||||||||||||||||||||||||||||
Disposal of
treasury stock |
(10 | ) | 21 | 11 | 11 | ||||||||||||||||||||||||||||||||||||||||
Net change of
items other than stockholders equity |
- | 2,432 | (228 | ) | 564 | 2,768 | |||||||||||||||||||||||||||||||||||||||
Total changes
in the term |
- | - | - | - | (3,098 | ) | 123 | - | (52,050 | ) | (30 | ) | (55,055 | ) | 2,432 | (228 | ) | 564 | (52,287 | ) | |||||||||||||||||||||||||
Balance as of
December 31, 2009 |
¥ | 174,762 | ¥ | 306,288 | - | ¥ | 22,114 | ¥ | 1,566 | ¥ | 2,701 | ¥ | 1,249,928 | ¥ | 609,793 | ¥ | (556,252 | ) | ¥ | 1,810,900 | ¥ | 1,384 | ¥ | (376 | ) | ¥ | 810 | ¥ | 1,812,718 | ||||||||||||||||
1.Number of issued shares as of December 31, 2009
|
1,333,763,464 | ||
2.Classes and number of treasury stock |
(Shares) | ||||||||||||||||||||||
Classes of stock | Balance
as of December 31, 2008 |
Increase | Decrease | Balance
as of December 31, 2009 |
||||||||||||||||||
common stock
|
99,275,245 | 16,518 | 3,762 | 99,288,001 | ||||||||||||||||||
Decision | Classes of stock | Cash dividend (Millions of yen) |
Dividend per share (yen) | Base date | Effective date | |||||||||||||||||||
March 27,
2009 Annual meeting of stockholders |
common stock | 67,897 | 55.00 | December
31, 2008 |
March 30, 2009 | |||||||||||||||||||
July 28, 2009
Board of directors meeting |
common stock | 67,896 | 55.00 | June 30, 2009 | August 28, 2009 | |||||||||||||||||||
Scheduled | Classes of stock | Cash dividend (Millions of yen) |
A source of dividend |
Dividend per share (yen) |
Base date | Effective date | ||||||||||||||||||
March 30, 2010
Annual meeting of stockholders |
common stock | 67,896 | Retained earnings |
55.00 | December 31, 2009 | March 31, 2010 | ||||||||||||||||||
- 19 -
Year ended December 31, 2008 | (Millions of yen) | ||||||||||||||||||||||||||||||||||||||||||||
Stockholders equity | Valuation
and translation adjustments |
Subscription rights to shares |
Total net assets |
||||||||||||||||||||||||||||||||||||||||||
Common stock |
Capital surplus | Retained earnings | Treasury stock |
Total stockholders equity |
Net unrealized gains (losses) on securities |
Net Deferred profits (losses) on hedges |
|||||||||||||||||||||||||||||||||||||||
Additional paid-in capital |
Other
capital surplus |
Legal reserve |
Other retained earnings | ||||||||||||||||||||||||||||||||||||||||||
Reserve for special depreciation |
Reserve
for deferral of capital gain on property |
Special reserves |
Retained earnings |
||||||||||||||||||||||||||||||||||||||||||
Balance as of
December 31, 2007 |
¥ | 174,698 | ¥ | 306,225 | ¥ | 25 | ¥ | 22,114 | ¥ | 7,694 | ¥ | 1,255 | ¥ | 1,249,928 | ¥ | 581,031 | ¥ | (456,186 | ) | ¥ | 1,886,784 | ¥ | 5,028 | ¥ | (1,246 | ) | - | ¥ | 1,890,566 | ||||||||||||||||
Changes
in the term |
|||||||||||||||||||||||||||||||||||||||||||||
Conversion of convertible debentures |
64 | 63 | 127 | 127 | |||||||||||||||||||||||||||||||||||||||||
Transfer to reserve for special depreciation |
632 | (632 | ) | - | - | ||||||||||||||||||||||||||||||||||||||||
Reversal of reserve for special depreciation |
(3,662 | ) | 3,662 | - | - | ||||||||||||||||||||||||||||||||||||||||
Transfer to reserve for deferral of capital gain on property |
1,396 | (1,396 | ) | - | - | ||||||||||||||||||||||||||||||||||||||||
Reversal of reserve for deferral of capital gain on property |
(73 | ) | 73 | - | - | ||||||||||||||||||||||||||||||||||||||||
Dividends paid |
(145,024 | ) | (145,024 | ) | (145,024 | ) | |||||||||||||||||||||||||||||||||||||||
Net income |
224,135 | 224,135 | 224,135 | ||||||||||||||||||||||||||||||||||||||||||
Purchase of treasury stock |
(100,122 | ) | (100,122 | ) | (100,122 | ) | |||||||||||||||||||||||||||||||||||||||
Disposal of treasury stock |
(25 | ) | (5 | ) | 86 | 56 | 56 | ||||||||||||||||||||||||||||||||||||||
Net change of items other than stockholders equity |
- | (6,076 | ) | 1,098 | 246 | (4,732 | ) | ||||||||||||||||||||||||||||||||||||||
Total changes in the term |
64 | 63 | (25 | ) | - | (3,030 | ) | 1,323 | - | 80,812 | (100,036 | ) | (20,829 | ) | (6,076 | ) | 1,098 | 246 | (25,561 | ) | |||||||||||||||||||||||||
Balance as of December 31, 2008 |
¥ | 174,762 | ¥ | 306,288 | - | ¥ | 22,114 | ¥ | 4,664 | ¥ | 2,578 | ¥ | 1,249,928 | ¥ | 661,843 | ¥ | (556,222 | ) | ¥ | 1,865,955 | ¥ | (1,048 | ) | ¥ | (148 | ) | ¥ | 246 | ¥ | 1,865,005 | |||||||||||||||
Notes: |
||||
1. Number of issued shares as of December 31, 2008
|
1,333,763,464 | |||
2. Classes and number of treasury stock |
(Shares) | ||||||||||||||||||||||
Classes of stock | Balance as of | Increase | Decrease | Balance as of | ||||||||||||||||||
December 31, 2007 | December 31, 2008 | |||||||||||||||||||||
common stock |
72,588,428 | 26,701,146 | 14,329 | 99,275,245 | ||||||||||||||||||
Decision | Classes of stock | Cash dividend | Dividend per share (yen) | Base date | Effective date | ||||||||||||
(Millions of yen) | |||||||||||||||||
March 28, 2008 Annual meeting of stockholders |
common stock | 75,663 | 60.00 | December 31, 2007 | March 31, 2008 | ||||||||||||
July 24, 2008 Board of directors meeting |
common stock | 69,361 | 55.00 | June 30, 2008 | August 26, 2008 | ||||||||||||
- 20 -
- 21 -
Managing Director
|
Hideki Ozawa | (Director, President of Canon (China) Co., Ltd.) | ||
Managing Director
|
Masaya Maeda | (Director, Chief Executive of Image Communication Products Operations) |
Advisor to be appointed
|
Nobuyoshi Tanaka | (Senior Managing Director) | ||
Chairman and President of Canon Anelva Corporation to be continued |
Junji Ichikawa | (Senior Managing Director) | ||
Advisor to be appointed
|
Akiyoshi Moroe | (Senior Managing Director) | ||
President of Canon Components, Inc. to be appointed |
Toshiyuki Komatsu | (Director) | ||
Managing Director of Canon Electronics, Inc. to be appointed |
Tetsuro Tahara | (Director) | ||
Seijiro Sekine | (Director) | |||
Corporate Auditor to be appointed
|
Shunji Onda | (Director) | ||
President of SED Inc. to be continued
|
Kazunori Fukuma | (Director) |
Shunji Onda
|
(Director) | |
Kazunori Watanabe
|
(Certified Public Accountant) | |
Kuniyoshi Kitamura
|
(General Manager of The Dai-ichi Mutual Life Insurance Company) |
- 22 -
Shigeyuki Uzawa
|
(Group Executive of Semiconductor Production Equipment Operations) | |
Makoto Araki
|
(Group Executive of Information & Communication Systems Headquarters) | |
Kenichi Nagasawa
|
(Senior Director of Canon U.S.A., Inc.) |
Kazuhiro Akiyama
|
(Director of Canon Anelva Corporation) |
- 23 -
PAGE | ||||||
1.
|
SALES BY REGION AND PRODUCT (2009)
|
S 1 | ||||
2.
|
SALES BY REGION AND PRODUCT (2010/Projection)
|
S 2 | ||||
3.
|
SEGMENT INFORMATION BY PRODUCT (2009)
|
S 3 | ||||
4.
|
OTHER INCOME / DEDUCTIONS (2009)
|
S 3 | ||||
5.
|
SEGMENT INFORMATION BY PRODUCT (2010/Projection)
|
S 4 | ||||
6.
|
OTHER INCOME / DEDUCTIONS (2010/Projection)
|
S 4 | ||||
7.
|
SALES COMPOSITION BY PRODUCT
|
S 5 | ||||
8.
|
SALES GROWTH IN LOCAL CURRENCY
|
S 5 | ||||
9.
|
PROFITABILITY
|
S 6 | ||||
10.
|
IMPACT OF FOREIGN EXCHANGE RATES
|
S 6 | ||||
11.
|
STATEMENTS OF CASH FLOWS
|
S 6 | ||||
12.
|
R&D EXPENDITURE
|
S 7 | ||||
13.
|
INCREASE IN PP&E & DEPRECIATION AND AMORTIZATION
|
S 7 | ||||
14.
|
INVENTORIES
|
S 7 | ||||
15.
|
DEBT RATIO
|
S 7 | ||||
16.
|
OVERSEAS PRODUCTION RATIO
|
S 7 | ||||
17.
|
NUMBER OF EMPLOYEES
|
S 7 |
1. SALES BY REGION AND PRODUCT (2009) | (Millions of yen) |
2009 | 2008 | Change year over year | ||||||||||||||||||||||||||||||||
4th quarter | Year | 4th quarter | Year | 4th quarter | Year | |||||||||||||||||||||||||||||
Japan | ||||||||||||||||||||||||||||||||||
Office |
92,303 | 374,275 | 109,717 | 448,367 | -15.9 | % | -16.5 | % | ||||||||||||||||||||||||||
Consumer |
69,731 | 219,036 | 76,320 | 249,997 | -8.6 | % | -12.4 | % | ||||||||||||||||||||||||||
Industry and Others |
35,565 | 109,033 | 38,673 | 169,916 | -8.0 | % | -35.8 | % | ||||||||||||||||||||||||||
Total |
197,599 | 702,344 | 224,710 | 868,280 | -12.1 | % | -19.1 | % | ||||||||||||||||||||||||||
Overseas | ||||||||||||||||||||||||||||||||||
Office |
369,846 | 1,260,781 | 392,672 | 1,774,886 | -5.8 | % | -29.0 | % | ||||||||||||||||||||||||||
Consumer |
342,356 | 1,080,158 | 299,621 | 1,203,650 | +14.3 | % | -10.3 | % | ||||||||||||||||||||||||||
Industry and Others |
44,257 | 165,918 | 77,737 | 247,345 | -43.1 | % | -32.9 | % | ||||||||||||||||||||||||||
Total |
756,459 | 2,506,857 | 770,030 | 3,225,881 | -1.8 | % | -22.3 | % | ||||||||||||||||||||||||||
Americas |
||||||||||||||||||||||||||||||||||
Office |
138,949 | 485,180 | 155,250 | 687,691 | -10.5 | % | -29.4 | % | ||||||||||||||||||||||||||
Consumer |
125,209 | 367,035 | 117,391 | 422,458 | +6.7 | % | -13.1 | % | ||||||||||||||||||||||||||
Industry and Others |
10,624 | 41,939 | 10,361 | 44,422 | +2.5 | % | -5.6 | % | ||||||||||||||||||||||||||
Total |
274,782 | 894,154 | 283,002 | 1,154,571 | -2.9 | % | -22.6 | % | ||||||||||||||||||||||||||
Europe |
||||||||||||||||||||||||||||||||||
Office |
168,917 | 565,656 | 180,057 | 820,387 | -6.2 | % | -31.1 | % | ||||||||||||||||||||||||||
Consumer |
132,398 | 405,173 | 117,832 | 487,268 | +12.4 | % | -16.8 | % | ||||||||||||||||||||||||||
Industry and Others |
7,208 | 24,321 | 10,232 | 33,745 | -29.6 | % | -27.9 | % | ||||||||||||||||||||||||||
Total |
308,523 | 995,150 | 308,121 | 1,341,400 | +0.1 | % | -25.8 | % | ||||||||||||||||||||||||||
Other areas |
||||||||||||||||||||||||||||||||||
Office |
61,980 | 209,945 | 57,365 | 266,808 | +8.0 | % | -21.3 | % | ||||||||||||||||||||||||||
Consumer |
84,749 | 307,950 | 64,398 | 293,924 | +31.6 | % | +4.8 | % | ||||||||||||||||||||||||||
Industry and Others |
26,425 | 99,658 | 57,144 | 169,178 | -53.8 | % | -41.1 | % | ||||||||||||||||||||||||||
Total |
173,154 | 617,553 | 178,907 | 729,910 | -3.2 | % | -15.4 | % | ||||||||||||||||||||||||||
Intersegment |
||||||||||||||||||||||||||||||||||
Office |
2,982 | 10,020 | 5,566 | 23,356 | -46.4 | % | -57.1 | % | ||||||||||||||||||||||||||
Consumer |
642 | 1,966 | 647 | 2,428 | -0.8 | % | -19.0 | % | ||||||||||||||||||||||||||
Industry and Others |
37,248 | 83,047 | 21,271 | 105,144 | +75.1 | % | -21.0 | % | ||||||||||||||||||||||||||
Eliminations |
(40,872 | ) | (95,033 | ) | (27,484 | ) | (130,928 | ) | - | - | ||||||||||||||||||||||||
Total |
0 | 0 | 0 | 0 | - | - | ||||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||||||||
Office |
465,131 | 1,645,076 | 507,955 | 2,246,609 | -8.4 | % | -26.8 | % | ||||||||||||||||||||||||||
Consumer |
412,729 | 1,301,160 | 376,588 | 1,456,075 | +9.6 | % | -10.6 | % | ||||||||||||||||||||||||||
Industry and Others |
117,070 | 357,998 | 137,681 | 522,405 | -15.0 | % | -31.5 | % | ||||||||||||||||||||||||||
Eliminations |
(40,872 | ) | (95,033 | ) | (27,484 | ) | (130,928 | ) | - | - | ||||||||||||||||||||||||
Total |
954,058 | 3,209,201 | 994,740 | 4,094,161 | -4.1 | % | -21.6 | % | ||||||||||||||||||||||||||
- S1 -
(1) Sales by product | (Millions of yen) | ||||||||||||||||||
2010 (P) | 2009 | Change year over year | |||||||||||||||||
Year | Year | Year | |||||||||||||||||
Office |
1,760,900 | 1,645,076 | +7.0 | % | |||||||||||||||
Consumer |
1,369,500 | 1,301,160 | +5.3 | % | |||||||||||||||
Industry and Others |
401,300 | 357,998 | +12.1 | % | |||||||||||||||
Eliminations |
(81,700 | ) | (95,033 | ) | - | ||||||||||||||
Total |
3,450,000 | 3,209,201 | +7.5 | % | |||||||||||||||
(P)=Projection | |||||||||||||||||||
(2) Sales by region | (Millions of yen) | ||||||||||||||||||
2010 (P) | 2009 | Change year over year | |||||||||||||||||
Year | Year | Year | |||||||||||||||||
Japan |
731,050 | 702,344 | +4.1 | % | |||||||||||||||
Overseas |
2,718,950 | 2,506,857 | +8.5 | % | |||||||||||||||
Americas |
924,750 | 894,154 | +3.4 | % | |||||||||||||||
Europe |
1,086,550 | 995,150 | +9.2 | % | |||||||||||||||
Other areas |
707,650 | 617,553 | +14.6 | % | |||||||||||||||
Total |
3,450,000 | 3,209,201 | +7.5 | % | |||||||||||||||
(P)=Projection |
- S2 -
3. SEGMENT INFORMATION BY PRODUCT (2009) | (Millions of yen) |
2009 | 2008 | Change year over year | ||||||||||||||||||||||||||||||||
4th quarter | Year | 4th quarter | Year | 4th quarter | Year | |||||||||||||||||||||||||||||
Office |
||||||||||||||||||||||||||||||||||
External customers |
462,149 | 1,635,056 | 502,389 | 2,223,253 | -8.0% | -26.5% | ||||||||||||||||||||||||||||
Intersegment |
2,982 | 10,020 | 5,566 | 23,356 | -46.4% | -57.1% | ||||||||||||||||||||||||||||
Total sales |
465,131 | 1,645,076 | 507,955 | 2,246,609 | -8.4% | -26.8% | ||||||||||||||||||||||||||||
Operating profit |
80,614 | 229,396 | 84,729 | 457,346 | -4.9% | -49.8% | ||||||||||||||||||||||||||||
% of sales |
17.3% | 13.9% | 16.7% | 20.4% | - | - | ||||||||||||||||||||||||||||
Consumer |
||||||||||||||||||||||||||||||||||
External customers |
412,087 | 1,299,194 | 375,941 | 1,453,647 | +9.6% | -10.6% | ||||||||||||||||||||||||||||
Intersegment |
642 | 1,966 | 647 | 2,428 | -0.8% | -19.0% | ||||||||||||||||||||||||||||
Total sales |
412,729 | 1,301,160 | 376,588 | 1,456,075 | +9.6% | -10.6% | ||||||||||||||||||||||||||||
Operating profit |
75,143 | 183,492 | 40,873 | 223,124 | +83.8% | -17.8% | ||||||||||||||||||||||||||||
% of sales |
18.2% | 14.1% | 10.9% | 15.3% | - | - | ||||||||||||||||||||||||||||
Industry and Others |
||||||||||||||||||||||||||||||||||
External customers |
79,822 | 274,951 | 116,410 | 417,261 | -31.4% | -34.1% | ||||||||||||||||||||||||||||
Intersegment |
37,248 | 83,047 | 21,271 | 105,144 | +75.1% | -21.0% | ||||||||||||||||||||||||||||
Total sales |
117,070 | 357,998 | 137,681 | 522,405 | -15.0% | -31.5% | ||||||||||||||||||||||||||||
Operating profit |
(34,960 | ) | (75,956 | ) | (52,276 | ) | (47,876 | ) | - | - | ||||||||||||||||||||||||
% of sales |
-29.9% | -21.2% | -38.0% | -9.2% | - | - | ||||||||||||||||||||||||||||
Corporate and Eliminations |
||||||||||||||||||||||||||||||||||
External customers |
- | - | - | - | - | - | ||||||||||||||||||||||||||||
Intersegment |
(40,872 | ) | (95,033 | ) | (27,484 | ) | (130,928 | ) | - | - | ||||||||||||||||||||||||
Total sales |
(40,872 | ) | (95,033 | ) | (27,484 | ) | (130,928 | ) | - | - | ||||||||||||||||||||||||
Operating
profit |
(28,669 | ) | (119,877 | ) | (37,501 | ) | (136,520 | ) | - | - | ||||||||||||||||||||||||
Consolidated |
||||||||||||||||||||||||||||||||||
External customers |
954,058 | 3,209,201 | 994,740 | 4,094,161 | -4.1% | -21.6% | ||||||||||||||||||||||||||||
Intersegment |
- | - | - | - | - | - | ||||||||||||||||||||||||||||
Total sales |
954,058 | 3,209,201 | 994,740 | 4,094,161 | -4.1% | -21.6% | ||||||||||||||||||||||||||||
Operating profit |
92,128 | 217,055 | 35,825 | 496,074 | +157.2% | -56.2% | ||||||||||||||||||||||||||||
% of sales |
9.7% | 6.8% | 3.6% | 12.1% | - | - | ||||||||||||||||||||||||||||
4. OTHER INCOME / DEDUCTIONS (2009) | (Millions of yen) | |||||||||||||||||||||||||||||||||
2009 | 2008 | Change year over year | ||||||||||||||||||||||||||||||||
4th quarter | Year | 4th quarter | Year | 4th quarter | Year | |||||||||||||||||||||||||||||
Interest and dividend, net |
1,346 | 4,866 | 3,685 | 18,605 | (2,339 | ) | (13,739 | ) | ||||||||||||||||||||||||||
Forex gain / loss |
3,485 | 1,842 | 2,932 | (11,212 | ) | +553 | +13,054 | |||||||||||||||||||||||||||
Equity earnings / loss of affiliated companies |
(527 | ) | (12,649 | ) | (18,485 | ) | (20,047 | ) | +17,958 | +7,398 | ||||||||||||||||||||||||
Other, net |
1,489 | 8,241 | (7,044 | ) | (2,273 | ) | +8,533 | +10,514 | ||||||||||||||||||||||||||
Total |
5,793 | 2,300 | (18,912 | ) | (14,927 | ) | +24,705 | +17,227 | ||||||||||||||||||||||||||
- S3 -
5. SEGMENT INFORMATION BY PRODUCT (2010/Projection) | (Millions of yen) |
2010 (P) | 2009 | Change year over year | |||||||||||||||||
Year | Year | Year | |||||||||||||||||
Office |
|||||||||||||||||||
External customers |
1,750,700 | 1,635,056 | +7.1% | ||||||||||||||||
Intersegment |
10,200 | 10,020 | +1.8% | ||||||||||||||||
Total sales |
1,760,900 | 1,645,076 | +7.0% | ||||||||||||||||
Operating profit |
287,000 | 229,396 | +25.1% | ||||||||||||||||
% of sales |
16.3% | 13.9% | - | ||||||||||||||||
Consumer |
|||||||||||||||||||
External customers |
1,367,700 | 1,299,194 | +5.3% | ||||||||||||||||
Intersegment |
1,800 | 1,966 | -8.4% | ||||||||||||||||
Total sales |
1,369,500 | 1,301,160 | +5.3% | ||||||||||||||||
Operating profit |
213,900 | 183,492 | +16.6% | ||||||||||||||||
% of sales |
15.6% | 14.1% | - | ||||||||||||||||
Industry and Others |
|||||||||||||||||||
External customers |
331,600 | 274,951 | +20.6% | ||||||||||||||||
Intersegment |
69,700 | 83,047 | -16.1% | ||||||||||||||||
Total sales |
401,300 | 357,998 | +12.1% | ||||||||||||||||
Operating profit |
(15,700) | (75,956) | - | ||||||||||||||||
% of sales |
-3.9% | -21.2% | - | ||||||||||||||||
Corporate and Eliminations |
|||||||||||||||||||
External customers |
- | - | - | ||||||||||||||||
Intersegment |
(81,700) | (95,033) | - | ||||||||||||||||
Total sales |
(81,700) | (95,033) | - | ||||||||||||||||
Operating profit |
(155,200) | (119,877) | - | ||||||||||||||||
Consolidated |
|||||||||||||||||||
External customers |
3,450,000 | 3,209,201 | +7.5% | ||||||||||||||||
Intersegment |
- | - | - | ||||||||||||||||
Total sales |
3,450,000 | 3,209,201 | +7.5% | ||||||||||||||||
Operating profit |
330,000 | 217,055 | +52.0% | ||||||||||||||||
% of sales |
9.6% | 6.8% | - | ||||||||||||||||
6. OTHER INCOME / DEDUCTIONS (2010/Projection) | (Millions of yen) |
2010 (P) | 2009 | Change year over year | |||||||||||||||||
Year | Year | Year | |||||||||||||||||
Interest and dividend, net |
2,700 | 4,866 | (2,166 | ) | |||||||||||||||
Forex gain / loss |
(2,100 | ) | 1,842 | (3,942 | ) | ||||||||||||||
Equity earnings / loss of affiliated companies |
(8,600 | ) | (12,649 | ) | +4,049 | ||||||||||||||
Other, net |
(2,000 | ) | 8,241 | (10,241 | ) | ||||||||||||||
Total |
(10,000 | ) | 2,300 | (12,300 | ) | ||||||||||||||
- S4 -
2010 (P) | 2009 | 2008 | |||||||||||||||||||||||||||||||
Year | 4th quarter | Year | 4th quarter | Year | |||||||||||||||||||||||||||||
Office
|
|||||||||||||||||||||||||||||||||
Monochrome copiers
|
19 | % | 17 | % | 20 | % | 20 | % | 21 | % | |||||||||||||||||||||||
Color copiers
|
20 | % | 19 | % | 19 | % | 19 | % | 19 | % | |||||||||||||||||||||||
Other printing devices
|
53 | % | 57 | % | 53 | % | 54 | % | 54 | % | |||||||||||||||||||||||
Others
|
8 | % | 7 | % | 8 | % | 7 | % | 6 | % | |||||||||||||||||||||||
Consumer
|
|||||||||||||||||||||||||||||||||
Cameras
|
67 | % | 68 | % | 68 | % | 64 | % | 66 | % | |||||||||||||||||||||||
Inkjet printers
|
26 | % | 26 | % | 25 | % | 28 | % | 26 | % | |||||||||||||||||||||||
Others
|
7 | % | 6 | % | 7 | % | 8 | % | 8 | % | |||||||||||||||||||||||
Industry and Others
|
|||||||||||||||||||||||||||||||||
Semiconductor production
equipment
|
21 | % | 12 | % | 19 | % | 40 | % | 32 | % | |||||||||||||||||||||||
Others
|
79 | % | 88 | % | 81 | % | 60 | % | 68 | % | |||||||||||||||||||||||
|
(P)=Projection | ||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||
8. SALES GROWTH IN LOCAL CURRENCY |
|||||||||||||||||||||||||||||||||
2010 (P) | 2009 | ||||||||||||||||||||||||||||||||
Year | 4th quarter | Year | |||||||||||||||||||||||||||||||
Office
|
|||||||||||||||||||||||||||||||||
Japan
|
- | -15.9 | % | -16.5 | % | ||||||||||||||||||||||||||||
Overseas
|
- | -3.5 | % | -20.7 | % | ||||||||||||||||||||||||||||
Total
|
+9.2 | % | -6.6 | % | -20.2 | % | |||||||||||||||||||||||||||
Consumer
|
|||||||||||||||||||||||||||||||||
Japan
|
- | -8.6 | % | -12.4 | % | ||||||||||||||||||||||||||||
Overseas
|
- | +16.1 | % | +0.4 | % | ||||||||||||||||||||||||||||
Total
|
+7.2 | % | +11.1 | % | -1.8 | % | |||||||||||||||||||||||||||
Industry and Others
|
|||||||||||||||||||||||||||||||||
Japan
|
- | -8.0 | % | -35.8 | % | ||||||||||||||||||||||||||||
Overseas
|
- | -42.8 | % | -28.3 | % | ||||||||||||||||||||||||||||
Total
|
+12.5 | % | -12.3 | % | -25.5 | % | |||||||||||||||||||||||||||
Total
|
|||||||||||||||||||||||||||||||||
Japan
|
+4.2 | % | -12.1 | % | -19.1 | % | |||||||||||||||||||||||||||
Overseas
|
+10.9 | % | +0.2 | % | -13.4 | % | |||||||||||||||||||||||||||
Americas
|
+7.3 | % | +4.0 | % | -14.9 | % | |||||||||||||||||||||||||||
Europe
|
+10.5 | % | -2.4 | % | -15.4 | % | |||||||||||||||||||||||||||
Other areas
|
+16.6 | % | -1.4 | % | -7.3 | % | |||||||||||||||||||||||||||
Total
|
+9.4 | % | -2.6 | % | -14.6 | % | |||||||||||||||||||||||||||
|
(P)=Projection |
- S5 -
2010 (P) | 2009 | 2008 | |||||||||||||||||||||||||
Year | Year | Year | |||||||||||||||||||||||||
ROE *1 |
7.4% | 4.9% | 11.1% | ||||||||||||||||||||||||
ROA *2 |
5.1% | 3.4% | 7.3% | ||||||||||||||||||||||||
*1 Based on Net Income attributable to Canon Inc. and Total Canon Inc. stockholders equity |
(P)=Projection | ||||||||||||||||||||||||||
*2 Based on Net Income attributable to Canon Inc. | |||||||||||||||||||||||||||
10. IMPACT OF FOREIGN EXCHANGE RATES | |||||||||||||||||||||||||||
(1) Exchange rates | (Yen) | ||||||||||||||||||||||||||
2010 (P) | 2009 | 2008 | |||||||||||||||||||||||||
Year | 4th quarter | Year | 4th quarter | Year | |||||||||||||||||||||||
Yen/US |
90.00 | 89.68 | 93.21 | 96.22 | 103.23 | ||||||||||||||||||||||
Yen/Euro |
130.00 | 132.54 | 130.46 | 126.46 | 151.46 | ||||||||||||||||||||||
(P)=Projection |
|||||||||||||||||||||||||||
(2) Impact of foreign exchange rates on sales (Year over year) | (Billions of yen) | ||||||||||||||||||||||||||
2010 (P) | 2009 | ||||||||||||||||||||||||||
Year | 4th quarter | Year | |||||||||||||||||||||||||
US$ |
(49.8) | (20.5) | (116.8) | ||||||||||||||||||||||||
Euro |
(2.9) | +12.0 | (114.8) | ||||||||||||||||||||||||
Other currencies |
(2.5) | +6.1 | (17.9) | ||||||||||||||||||||||||
Total |
(55.2) | (2.4) | (249.5) | ||||||||||||||||||||||||
(P)=Projection |
|||||||||||||||||||||||||||
(3) Impact of foreign exchange rates per yen |
(Billions of yen) |
||||||||||||||||||||||||||
2010 (P) | |||||||||||||||||||||||||||
Year | |||||||||||||||||||||||||||
On sales | |||||||||||||||||||||||||||
US$ |
15.5 | ||||||||||||||||||||||||||
Euro |
6.4 | ||||||||||||||||||||||||||
On operating profit | |||||||||||||||||||||||||||
US$ |
8.2 | ||||||||||||||||||||||||||
Euro |
4.6 | ||||||||||||||||||||||||||
(P)=Projection |
|||||||||||||||||||||||||||
11. STATEMENTS OF CASH FLOWS |
(Millions of yen) |
||||||||||||||||||||||||||
2010 (P) | 2009 | 2008 | |||||||||||||||||||||||||
Year | 4th quarter | Year | 4th quarter | Year | |||||||||||||||||||||||
Net cash provided by operating activities | 520,000 | 236,708 | 611,235 | 181,249 | 616,684 | ||||||||||||||||||||||
Net cash used in investing activities | (360,000 | ) | (84,010 | ) | (370,244 | ) | (86,857 | ) | (472,480 | ) | |||||||||||||||||
Free cash flow | 160,000 | 152,698 | 240,991 | 94,392 | 144,204 | ||||||||||||||||||||||
Net cash used in financing activities | (240,000 | ) | (998 | ) | (142,379 | ) | (85,592 | ) | (277,565 | ) | |||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | (15,000 | ) | 9,678 | 17,226 | (66,923 | ) | (131,906 | ) | |||||||||||||||||||
Net change in cash and cash equivalents | (95,000 | ) | 161,378 | 115,838 | (58,123 | ) | (265,267 | ) | |||||||||||||||||||
Cash and cash equivalents at end of period | 700,000 | 795,034 | 795,034 | 679,196 | 679,196 | ||||||||||||||||||||||
(P)=Projection |
* | In connection with the adoption of the guidance for noncotrolling interests in consolidated
financial statements, only the total of net cash provided by
operating activities will be provided from first-quarter 2009. |
- S6 -
12.R&D
EXPENDITURE
|
(Millions of yen) |
2010 (P) | 2009 | 2008 | ||||||||||||||||||||
Year | Year | Year | ||||||||||||||||||||
Office
|
- | 78,872 | 106,247 | |||||||||||||||||||
Consumer
|
- | 74,131 | 76,645 | |||||||||||||||||||
Industry and Others
|
- | 151,597 | 191,133 | |||||||||||||||||||
|
||||||||||||||||||||||
Total
|
320,000 | 304,600 | 374,025 | |||||||||||||||||||
% of sales
|
9.3% | 9.5% | 9.1% | |||||||||||||||||||
(P)=Projection |
|
(Millions of yen) |
2010 (P) | 2009 | 2008 | ||||||||||||||||||||
Year | Year | Year | ||||||||||||||||||||
Increase in PP&E
|
||||||||||||||||||||||
Office
|
- | 91,525 | 131,165 | |||||||||||||||||||
Consumer
|
- | 26,483 | 51,985 | |||||||||||||||||||
Industry and Others
|
- | 22,743 | 25,555 | |||||||||||||||||||
Corporate and eliminations
|
- | 75,377 | 153,283 | |||||||||||||||||||
|
||||||||||||||||||||||
Total
|
220,000 | 216,128 | 361,988 | |||||||||||||||||||
Depreciation and
amortization
|
||||||||||||||||||||||
Office
|
- | 90,878 | 99,962 | |||||||||||||||||||
Consumer
|
- | 48,701 | 58,082 | |||||||||||||||||||
Industry and Others
|
- | 60,770 | 71,557 | |||||||||||||||||||
Corporate and eliminations
|
- | 115,044 | 111,736 | |||||||||||||||||||
|
||||||||||||||||||||||
Total
|
300,000 | 315,393 | 341,337 | |||||||||||||||||||
(P)=Projection |
(1) Inventories | (Millions of yen) |
2009 | 2008 | Difference | ||||||||||||||||||||
Dec.31 | Dec.31 | |||||||||||||||||||||
Office
|
144,941 | 185,859 | (40,918 | ) | ||||||||||||||||||
Consumer
|
113,975 | 160,861 | (46,886 | ) | ||||||||||||||||||
Industry and Others
|
114,325 | 160,199 | (45,874 | ) | ||||||||||||||||||
|
||||||||||||||||||||||
Total
|
373,241 | 506,919 | (133,678 | ) | ||||||||||||||||||
(2) Inventories/Sales* | (Days) |
2009 | 2008 | Difference | ||||||||||||||||||||
Dec.31 | Dec.31 | |||||||||||||||||||||
Office
|
30 | 32 | (2 | ) | ||||||||||||||||||
Consumer
|
29 | 41 | (12 | ) | ||||||||||||||||||
Industry and Others
|
158 | 151 | +7 | |||||||||||||||||||
|
||||||||||||||||||||||
Total
|
39 | 47 | (8 | ) | ||||||||||||||||||
2009 | 2008 | Difference | ||||||||||||||||||||
Dec.31 | Dec.31 | |||||||||||||||||||||
Total debt / Total assets |
0.3% | 0.4% | -0.1% | |||||||||||||||||||
2009 | 2008 | |||||||||||||||||||||
Year | Year | |||||||||||||||||||||
Overseas production ratio |
40% | 39% | ||||||||||||||||||||
2009 | 2008 | Difference | ||||||||||||||||||||
Dec.31 | Dec.31 | |||||||||||||||||||||
Japan
|
73,635 | 72,445 | +1,190 | |||||||||||||||||||
Overseas
|
95,244 | 94,535 | +709 | |||||||||||||||||||
|
||||||||||||||||||||||
Total
|
168,879 | 166,980 | +1,899 | |||||||||||||||||||
- S7 -