CANON INC.
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 January, 2007
CANON INC.
(Translation of registrants 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 þ Form 40-F o
[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 o No þ
[If Yes is marked, indicate below the file number assigned to the registrant in connection
with Rule 12g3-2(b):82-
TABLE OF CONTENTS
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.
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CANON INC.
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(Registrant)
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Date January 23, 2007
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By
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/s/ Hiroshi Kawashimo |
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(Signature)* |
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Hiroshi Kawashimo |
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General Manager, Finance Division
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Canon Inc. |
*Print the name and title of the signing officer under his signature.
The following materials are included.
1. Notice Regarding Revised Full-Year Financial Forecast for Subsidiary e-System Corporation
January 23, 2007
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Canon Inc. |
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Chairman & CEO: Fujio Mitarai |
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Securities code: 7751 |
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[First Section of Tokyo and other Stock Exchanges] |
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Inquiries: |
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Toshizo Tanaka |
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Senior Managing Director & Group Executive, |
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Finance & Accounting Headquarters |
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+81-3-3758-2111 |
Notice Regarding Revised Full-Year Financial Forecast for Subsidiary e-System Corporation
Canon Inc. and its subsidiary Canon Electronics Inc. announced today that, based on recent
performance trends, e-System Corporation, a subsidiary of Canon Electronics Inc., has revised its
financial forecast for the fiscal year ended December 2006 (January 1, 2006 to December 31, 2006),
announced on August 25, 2006 with its first-half financial results, as follows in the attached
notice.
Because the date designated as the acquisition date of e-System Corporation by Canon Electronics
Inc. was December 31, 2006, the revised financial forecast has no impact on the consolidated
statements of income of either Canon Inc. or Canon Electronics Inc for the fiscal year ended
December 2006.
This notice contains forward-looking statements with respect to future
results, performance and achievements that are subject to risk and
uncertainties and reflect managements views and assumptions formed by
available information. All statements other than statements of historical fact
are statements that could be considered forward-looking statements. When used
in this document, words such as anticipate, believe, estimate, expect,
intend, may, plan, project or should and similar expressions, as they
relate to Canon, are intended to identify forward-looking statements. Many
factors could cause the actual results, performance or achievements of Canon to
be materially different from any future results, performance or achievements
that may be expressed or implied by such forward-looking statements, including,
among others, changes in general economic and business conditions, changes in
currency exchange rates and interest rates, introduction of competing products
by other companies, lack of acceptance of new products or services by Canons
targeted customers, inability to meet efficiency and cost-reduction objectives,
changes in business strategy and various other factors, both referenced and not
referenced in this notice. A detailed description of these and other risk
factors is included in Canons annual report on Form 20-F, which is on file
with the United States Securities and Exchange Commission. Should one or more
of these risks or uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those described
herein. Canon does not intend or assume any obligation to update these
forward-looking statements.
January 23, 2007
Company Name: e-System Corporation
(Code: 4322)
President & Chief Executive Officer: Hirofumi Watanabe
Inquiries: Hiroyuki Onishi, Director
(Tel.: 03-5781-8763)
Notice Regarding Revised Financial Forecast
Based on recent performance trends, e-System Corporation revised its consolidated and
non-consolidated financial forecasts for the fiscal year ended December 2006, announced on August
25, 2006, as follows.
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Revised consolidated financial forecast |
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Fiscal year ended December 2006 (January 1, 2006 to December 31, 2006)
Consolidated financial forecast |
(Units: millions of yen, %)
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Net sales |
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Ordinary |
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Net income |
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profit |
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Previous forecast (A) |
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5,000 |
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200 |
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450 |
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Current forecast (B) |
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3,185 |
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-1,076 |
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-2,801 |
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Change in amount (B-A) |
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-1,815 |
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-1,276 |
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-3,251 |
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Change (%) |
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-36.3 |
% |
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Previous years results
(Fiscal year ended December 31, 2005) |
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4,318 |
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-451 |
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-2,273 |
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Revised non-consolidated financial forecast |
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Fiscal year ended December 2006 (January 1, 2006 to December 31, 2006)
Non-consolidated financial forecast |
(Units: millions of yen, %)
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Net sales |
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Ordinary |
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Net income |
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profit |
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Previous forecast (A) |
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4,000 |
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100 |
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400 |
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Current forecast (B) |
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2,016 |
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-736 |
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-2,307 |
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Change in amount (B-A) |
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-1,984 |
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-836 |
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-2,707 |
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Change (%) |
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-49.6 |
% |
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Previous years results
(Fiscal year ended December 31, 2005) |
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3,198 |
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-551 |
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-2,491 |
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Reasons for the revision |
In the CRM market, e-System Corporations main business area, as the impact of the reorganization
of the CRM software industry two years ago has decreased and customer confusion has subsided,
e-System Corporation consultants in charge of CRM system implementation have been working at full
capacity since October. However, the company revised its forecast for the following reasons:
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Sales of software licensing remain weak. |
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Software licensing sales of approximately 600 million yen that had been projected as a result
of CRM initiatives targeting large-scale enterprises from the fourth quarter are now projected
to be realized in the next term. |
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As a result of items one and two above, e-System Corporation will book an extraordinary loss
of 2,276 million yen, primarily due to the write-down on the rights to license software that
the company holds. |
Consequently, non-consolidated net sales and loss for the current term are projected to be 2,016
million yen and 2,307 million yen, respectively.
On a consolidated basis, the significant impact of the non-consolidated performance also resulted
in a considerable drop in net sales and profit. Accordingly, consolidated net sales and
consolidated loss for the current term are projected to be 3,185 million yen and 2,801 million yen,
respectively.
The forecasts provided above are based on information that was available as of the date of this
announcement. Accordingly, actual results may differ from these forecasts due to various future
factors.