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Canon

Canon

Canon expects sales of network digital multifunction devices (MFDs) and laser printers to be sluggish, plain paper copying machines and inkjet printers to be stagnant but cameras to remain strong.

Global HQ: Tokyo, Japan Website: www.canon.com

Global leader: Fujio Mitarai, chairman and CEO

Local leaders: Kenji Kobayashi, MD, Australia and New Zealand

Core activity: Business machines, cameras and optical products

Revenue: US$45 billion (FY08 ended December 31)

Key customers: TelstraClear, RMIT, NetBox Blue

Employees: 166,980

Canon been challenged by the strong yen and the deteriorating global economic conditions. In the fourth year of the implementation of its Excellent Global Plan, the company has worked to improve not only management quality through timely releases of new products, but also the supply chain management, to lower costs. It has also focused on improving appropriate inventory levels.

Canon expects sales of network digital multifunction devices (MFDs) and laser printers to be sluggish, plain paper copying machines and inkjet printers to be stagnant but cameras to remain strong.

Masahiro Osawa, managing director, group executive, finance and accounting, sees economic conditions easing in late 2009. Canon will combat slow sales by introducing competitive new digital camera and inkjet printer products. It expects to boost sales of network MFDs through the launch of a new brand.

This incorporates a file server to enable sophisticated interaction with personal computers and realises enhanced performance in networked office environments. Gene Orejana

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Tags strategic 100 2009

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