Canon net income up 74.5%

Canon Europe has today issued a press release which briefly outlines the highlights of the Canon Inc. first half 2003 results. These included consolidated net sales of 1535 billion YEN ($12 billion) which is an increase of 10.9% over the first half fiscal year 2002 as well as first half net income of 127.8 billion YEN ($1 billion), an increase of 74.5% over the same period last year. "For the quarter, Canon posted sales and profits, which not only exceeded its results for the same period last year, but also its projection, continuing a trend set in the first-quarter," said Toshizo Tanaka, Senior Managing Director and Group Executive for Finance and Accounting Headquarters, Canon Inc.

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