Canon Inc. Reports Results for the First Half of 20043 Aug, 2004
Canon Inc. Reports Results for the First Half of 2004
Canon U.S.A. announced first half 2004 consolidated net sales of $15.26 billion, which represents an increase of 7.3 percent over the first half of fiscal year 2003.
Canon reported first half net income of $1.49 billion, a significant increase of 25.8 percent over the same period last year. Canon Inc. also reported second quarter revenue of $7.87 billion, 5.8 percent higher than second quarter 2003 with net income of $ 708 million, 36.2 percent higher than second quarter 2003.
"Although the yen was a negative factor, we were able to achieve this through continued strong sales growth of both digital cameras and color copying machines and higher sales of IC steppers along with a recovery in the semiconductor market. Consequently, we achieved our eighth consecutive quarter of year-on-year growth in both net sales and profit," said Toshizo Tanaka, Senior Managing Director and Group Executive for Finance and Accounting Headquarters, Canon Inc.
For more detailed information and tables, please refer to the Announcement of First Half 2004 financial results at http://www.canon.com/finance/index.html.