FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
| For the month of …. | August |
…………………………………………………… , | 2017…… |
| CANON INC. | ||||
| (Translation of registrant’s name into English) | ||||
| 30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo 146-8501, Japan | ||||
| (Address of principal executive offices) | ||||
[Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
| Form 20-F | X | Form 40-F |
[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
| Yes | No | X |
[If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82-.…………………
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| CANON INC. |
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| (Registrant) |
| Date…. |
August 28, 2017 | By ……/s/…… Eiji Shimizu ……… | ||||
| (Signature)* |
| Eiji Shimizu | ||
| General Manager | ||
| Consolidated Accounting Division | ||
| Canon Inc. |
*Print the name and title of the signing officer under his signature.
The following materials are included.
1. Interim Report for the 117th Business Term
| To Our Shareholders
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We are pleased to provide this overview of the first half (from January 1, 2017 to June 30, 2017) of our 117th Business Term.
Although there were variations in economic performance among regions, the world economy in the first half of this term remained on a path of moderate recovery. As for exchange rates, we did not observe the kind of drastic fluctuation in the yen-U.S. dollar and yen-euro rates as we did last year.
Under such conditions, the Office Business Unit achieved an increase in sales of laser printers, and, in the Imaging System Business Unit, sales of interchangeable lens digital cameras remained solid. The Industry and Others Business Unit achieved a significant increase in sales due to strong sales of FPD lithography equipment, OLED panel manufacturing equipment, and network cameras. In addition, the Medical System Business Unit, which is led by the newly consolidated Toshiba Medical Systems Corporation (TMSC), contributed significantly to the business results of the Canon Group.
As a result of the above, on a consolidated basis, net sales and net income attributable to Canon Inc. for the first half of this term increased by 18.6% year on year and 52.6% year on year, respectively.
For the interim dividend, we decided to pay 75.00 yen per share, which is the same amount as the previous interim dividend, from August 28.
This year marks the 80th anniversary of Canon. We will strive to ensure that this term will finish with excellent results that are worthy of such a memorable year by further promoting the expansion of new businesses and the reinforcement of existing businesses that support the former.
We look forward to our shareholders’ continued support and encouragement.
August, 2017
Chairman & CEO FUJIO MITARAI |
| Highlights of Consolidated Results
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In the first half of this term, amid the continuing moderate recovery in the world economy, the Canon Group worked to expand sales of new products in all businesses. As a result, we achieved a significant increase in the sales of industrial equipment and, with the additional contribution by the consolidation of TMSC, our consolidated net sales increased by 18.6% compared with the first half of the previous term.
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We shifted to high value-added products and continued the group-wide efforts to reduce costs and slash expenses to improve profitability. As a result, consolidated net income attributable to Canon Inc. increased by 52.6% from the first half of the previous term. | |
Office Business Unit
In the area of office multifunction devices, as we capitalized on the shift in demand from monochrome to color machines, unit sales exceeded those for the first half of the previous term. While sales of multifunction devices for production printing were relatively weak, sales of high speed continuous feed printers handled by Océ exceeded the results for the first half of the previous term. As for laser multifunction printers and laser printers, unit sales increased as demand recovered in China and other Asian regions. As a result of the above, sales for this business unit increased by 1.9% on a consolidated basis, in comparison to the first half of the previous term.
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Imaging System Business Unit
As for interchangeable lens digital cameras, in the first half of this term, we maintained flat unit sales as we firmly retained our high market share position for both advanced amateur and entry-level models and increased sales of compact system cameras. On the other hand, unit sales of digital compact cameras decreased from the first half of the previous term. As for inkjet printers, in the first half of this term, we maintained flat unit sales mainly by the launch of compact models equipped with a new small-size engine. As a result of the above, sales for this business unit increased by 0.5% on a consolidated basis, in comparison to the first half of the previous term.
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Medical System Business Unit
Computed tomography (CT) systems handled by TMSC, which became a Canon Group company in December 2016, firmly maintained the top share in the Japanese market. In this term, we started to sell, in the Japanese market, the unique high-resolution CT systems in the world, which has significantly improved spatial resolution compared with conventional systems and enables the user to obtain detailed biographical information, which had previously been undetectable. In addition, we will strive to expand the scale of this business by further enhancing competitiveness in such products as diagnostic imaging systems for medical use such as diagnostic ultrasound systems and magnetic resonance imaging (MRI) systems, inspection equipment, and medical information systems.
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Industry and Others Business Unit
While unit sales of semiconductor lithography equipment were flat from the first half of the previous term, sales of FPD lithography equipment increased significantly supported by aggressive capital investment by panel manufacturers. Furthermore, sales of network cameras were also strong on the back of continued expansion of the market. In addition, sales of OLED panel manufacturing equipment of Canon Tokki increased significantly supported by the active capital investment of customers on the back of increasing demand for OLED panels used in mobile devices. As a result of the above, sales for this business unit increased by 24.9% on a consolidated basis, in comparison to the first half of the previous term.
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| Information for Shareholders |
