CANON FACT BOOK 2016/2017 TOTAL ASSETS, STOCKHOLDERS’ EQUITY, TOTAL DEBT, CASH-ON-HAND, INVENTORIES (Millions of (Thousands of (Millions of Yen) U.S
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CANON FAC T BOOK 2016 / 2017 CANON GROUP 10-YEAR SUMMARY (As of September 30, 2016) NET SALES, GROSS PROFIT, OPERATING PROFIT, INCOME BEFORE INCOME TAXES, NET INCOME (Millions of (Thousands of (Millions of yen) U.S. dollars) yen) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 1st quarter 2nd quarter 3rd quarter YTD Net sales ¥ 4,156,759 4,481,346 4,094,161 3,209,201 3,706,901 3,557,433 3,479,788 3,731,380 3,727,252 3,800,271 $ 31,407,198 ¥ 797,230 860,246 778,838 2,436,314 Gross profit 2,060,480 2,246,981 1,938,008 1,427,393 1,783,088 1,736,763 1,649,966 1,798,421 1,861,472 1,934,384 15,986,645 404,746 432,368 376,612 1,213,726 Operating profit 707,033 756,673 496,074 217,055 387,552 378,071 323,856 337,277 363,489 355,210 2,935,620 40,087 68,596 40,015 148,698 Income before income taxes 719,143 768,388 481,147 219,355 392,863 374,524 342,557 347,604 383,239 347,438 2,871,388 45,761 80,992 45,263 172,016 Net income attributable to Canon Inc. 455,325 488,332 309,148 131,647 246,603 248,630 224,564 230,483 254,797 220,209 1,819,909 27,991 53,448 24,381 105,820 Net income attributable to Canon Inc. stockholders per share (Yen) (U.S. dollars) (Yen) Basic ¥ 341.95 377.59 246.21 106.64 199.71 204.49 191.34 200.78 229.03 201.65 $ 1.67 ¥ 25.63 48.94 22.33 96.90 Diluted 341.84 377.53 246.20 106.64 199.70 204.48 191.34 200.78 229.03 201.65 1.67 25.63 48.94 22.33 96.90 PROFITABILITY (%) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 1st quarter 2nd quarter 3rd quarter YTD Gross profit to net sales ratio 49.6 50.1 47.3 44.5 48.1 48.8 47.4 48.2 49.9 50.9 50.8 50.3 48.4 49.8 Operating profit to net sales ratio 17.0 16.9 12.1 6.8 10.5 10.6 9.3 9.0 9.8 9.3 5.0 8.0 5.1 6.1 Income before income taxes to net sales ratio 17.3 17.1 11.8 6.8 10.6 10.5 9.8 9.3 10.3 9.1 5.7 9.4 5.8 7.1 Net income attributable to Canon Inc. to net sales ratio 11.0 10.9 7.6 4.1 6.7 7.0 6.5 6.2 6.8 5.8 3.5 6.2 3.1 4.3 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1st quarter 1st half YTD ROA*1 10.6 10.8 7.3 3.4 6.3 6.3 5.7 5.6 5.9 5.0 2.4 3.6 3.2 ROE*2 16.3 16.5 11.1 4.9 9.2 9.6 8.7 8.4 8.7 7.4 3.9 5.7 5.0 *1 Return on assets: Based on net income attributable to Canon Inc. *2 Return on equity: Based on net income attributable to Canon Inc. and total Canon Inc. stockholders’ equity. SALES BY BUSINESS UNIT* (Millions of (Thousands of (Millions of yen) U.S. dollars) yen) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 1st quarter 2nd quarter 3rd quarter YTD Office ¥ 2,250,228 2,477,518 2,246,609 1,645,076 1,987,269 1,917,943 1,757,575 2,000,073 2,078,732 2,110,816 $ 17,444,760 ¥ 454,352 456,396 411,221 1,321,969 Imaging System 1,440,462 1,587,952 1,456,075 1,301,160 1,391,327 1,312,044 1,405,971 1,448,938 1,343,194 1,263,835 10,444,917 234,816 287,543 248,188 770,547 Industry and Others 584,488 549,983 522,405 357,998 432,958 420,863 407,840 374,870 398,765 524,651 4,335,959 130,171 137,971 140,884 409,026 * Because the consolidated sales of each business unit include the sales relating to intersegment transactions, the totals do not correspond to net sales figures for the Canon Group. SALES BY REGION (Millions of (Thousands of (Millions of yen) U.S. dollars) yen) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 1st quarter 2nd quarter 3rd quarter YTD Japan ¥ 932,290 947,587 868,280 702,344 695,749 694,450 720,286 715,863 724,317 714,280 $ 5,903,140 ¥ 168,541 168,535 164,807 501,883 Americas 1,283,646 1,336,168 1,154,571 894,154 1,023,299 961,955 939,873 1,059,501 1,036,500 1,144,422 9,458,033 224,248 247,072 224,757 696,077 Europe 1,314,305 1,499,286 1,341,400 995,150 1,172,474 1,113,065 1,014,038 1,124,929 1,090,484 1,074,366 8,879,058 219,885 236,774 194,540 651,199 Asia and Oceania 626,518 698,305 729,910 617,553 815,379 787,963 805,591 831,087 875,951 867,203 7,166,967 184,556 207,865 194,734 587,155 NET SALES INCOME BEFORE INCOME TAXES NET INCOME ATTRIBUTABLE TO CANON INC. (Billions of yen) (Billions of yen) (Billions of yen) 4,500 800 500 450 4,000 700 400 3,500 600 350 3,000 500 300 2,500 400 250 2,000 200 300 1,500 150 200 1,000 100 100 500 50 0 0 0 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 06 07 08 09 10 11 12 13 14 15 06 07 08 09 10 11 12 13 14 15 06 07 08 09 10 11 12 13 14 15 1 CANON FACT BOOK 2016/2017 TOTAL ASSETS, STOCKHOLDERS’ EQUITY, TOTAL DEBT, CASH-ON-HAND, INVENTORIES (Millions of (Thousands of (Millions of yen) U.S. dollars) yen) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Mar. 31 June 30 Sep. 30 Total assets ¥ 4,521,915 4,512,625 3,969,934 3,847,557 3,983,820 3,930,727 3,955,503 4,242,710 4,460,618 4,427,773 $ 36,593,165 ¥ 4,839,157 4,614,823 4,530,096 Canon Inc. stockholders’ equity 2,986,606 2,922,336 2,659,792 2,688,109 2,645,782 2,551,132 2,598,026 2,910,262 2,978,184 2,966,415 24,515,826 2,822,828 2,703,453 2,622,133 Canon Inc. stockholders’ equity to total assets ratio (%) 66.0 64.8 67.0 69.9 66.4 64.9 65.7 68.6 66.8 67.0 58.3 58.6 57.9 Total debt 31,151 26,997 13,963 9,781 11,331 11,711 3,983 2,747 2,166 1,569 12,967 661,419 611,276 611,252 Debt to total assets ratio (%) 0.7 0.6 0.4 0.3 0.3 0.3 0.1 0.1 0.0 0.0 13.7 13.2 13.5 Cash-on-hand 1,155,626 944,463 679,196 795,034 840,579 773,227 666,678 788,909 844,580 633,613 5,236,471 580,954 569,180 534,480 Cash-on-hand in months of net sales* 3.1 2.4 2.1 2.8 2.5 2.5 2.3 2.4 2.6 1.9 1.9 2.1 2.0 Inventories 539,057 563,474 506,919 373,241 384,777 476,704 551,623 553,773 528,167 501,895 4,147,893 521,404 479,262 494,474 Inventory turnover in days* 45 44 47 39 35 46 57 52 50 47 52 53 55 * Index based on the previous six months’ sales. CASH FLOW (Millions of (Thousands of (Millions of yen) U.S. dollars) yen) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 1st quarter 2nd quarter 3rd quarter YTD Net cash provided by operating activities ¥ 695,241 839,269 616,684 611,235 744,413 469,562 384,077 507,642 583,927 474,724 $ 3,923,339 ¥ 114,622 126,585 102,156 343,363 Net cash used in investing activities -460,805 -432,485 -472,480 -370,244 -342,133 -256,543 -212,740 -250,212 -269,298 -453,619 -3,748,917 -720,229 -55,863 -48,817 -824,909 Free cash flow 234,436 406,784 144,204 240,991 402,280 213,019 171,337 257,430 314,629 21,105 174,421 -605,607 70,722 53,339 -481,546 R&D EXPENSES, INCREASE IN PP&E, DEPRECIATION AND AMORTIZATION (Millions of (Thousands of (Millions of yen) U.S. dollars) yen) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 1st quarter 2nd quarter 3rd quarter YTD R&D expenses ¥ 308,307 368,261 374,025 304,600 315,817 307,800 296,464 306,324 308,979 328,500 $ 2,714,876 ¥ 78,870 76,564 72,990 228,424 R&D expense to net sales ratio (%) 7.4 8.2 9.1 9.5 8.5 8.7 8.5 8.2 8.3 8.6 9.9 8.9 9.4 9.4 Increase in PP&E* 379,657 428,549 361,988 216,128 158,976 226,869 270,457 188,826 182,343 195,120 1,612,562 50,464 40,526 39,452 130,442 Depreciation and amortization 262,294 341,694 341,337 315,393 276,193 261,343 258,133 275,173 263,480 273,327 2,258,901 60,210 62,162 63,483 185,855 * Property, plant and equipment NUMBER OF EMPLOYEES 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Mar.