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The Canon Aust Group reports 3Q financial results

The Canon Australia Group reports 3Q financial results

Buoyant sales of personal and professional digital devices contribute to sustained revenue growth in Australia and New Zealand

(Please note: local release is followed by Canon Inc. announcement)

Auckland, 12 November 2003 – The Canon Australia Group today announced its financial results for the third quarter – July to September, 2003. Reflecting the long-term sustainability of Canon’s competitive advantage, The Group reported its fifteenth consecutive quarter of year-on-year growth.

The Canon Australia Group, which consists of operations in Australia and New Zealand, reported net sales of AU$629.7 million for the September year-to-date. This represents revenue growth of 6.8 percent compared to the year-ago period.

The Group reported net sales of AU$222.5 million for the third quarter – a 9.4% increase over the year-ago period, and the result of accelerating demand across the Canon product range.

“Quarter upon quarter, Canon demonstrates its leadership across the imaging and information-management spectrum,” said Mr Shuichi Tsukahara, Managing Director, Canon Australia Group. “With breakthrough products ranging from the most affordable digital SLR on the market to the fastest A0-size printer on the market, Canon is clearly earning its impressive financial results.”

Among Canon’s products and solutions, there were many standout performers in the third quarter, including the Canon imageRUNNER iR C3200, which leads the growing colour networked office multifunction printer category thanks to its genuine best-of-class technology.

Sales of digital cameras, video cameras, colour printers and consumables also continued to surge for Canon, particularly in light of increasing growth in the direct print market.

-ENDS- About Canon New Zealand Canon New Zealand (www.canon.co.nz) was established in New Zealand in 1991 and is a subsidiary of the US$24.5 billion Canon Inc. group. The company is an industry leader in professional and consumer imaging solutions with a comprehensive product line that includes: networked multifunction devices, digital and analogue copiers (colour and black & white), printers, scanners, video conferencing, image filing systems, fax machines, digital video cameras, cameras and lenses. Canon New Zealand also operates its own lease finance serve, Canon Finance New Zealand, which facilitates "one stop" shopping for customers wanting to lease or finance their equipment solutions. Canon Inc. is a top patent-holder of imaging technologies.

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