Canon Inc. Reports Record Results for First-Quarter 2005

LONDON - April 27, 2005 - Canon Europe Ltd., a subsidiary of Canon Inc. (NYSE: CAJ - news) and a leader in imaging technologies, today announced Canon Inc. first-quarter 2005 consolidated net sales of 843.4 billion yen (EUR 6.067 billion), which represents a year-over-year increase of 5.7% over first-quarter 2004.

Canon reported first-quarter net income of 93.1billion yen (EUR 669million), which represents a year-over-year increase of 10.4% and basic earnings per share of 104.93yen (EUR 0.75). Operating profit also advanced, improving 7.3% over first-quarter 2004.

“The increase in net sales was due to strong sales of color copying machines and color laser beam printers as demand for office color has increased and stable sales of digital cameras,” said Toshizo Tanaka, Senior Managing Director and Group Executive for Finance and Accounting Headquarters, Canon Inc.

Mr. Tanaka added, “Although a difficult environment is expected in the second quarter and for the full year, we expect to exceed our sales and profit results oflast year and achieve our sixth consecutive year of sales and profit growth.”

For more detailed information and tables, please refer to our Announcement of First-Quarter 2005 financial results at:

Note:  In this release, Euro amounts are translated from yen at the rate of EUR = JPY139, the approximate exchange rate on the Tokyo Foreign Exchange Market as of March 31, 2005, solely for the convenience of the reader.

Media enquiries, please contact:
Ann Morgan
Corporate PR Manager, Canon Europe
t. +44 (0) 20 8588 8000

Investor Relations:
Andreas Goldau
Investor Relations Manager, Canon Europe
t. +44 (0) 20 8588 8000

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Further Information
Canon Europe