Financial Situation
Since 2007, Canon has used approximately 850 billion yen to buy back our own shares. Despite this, we maintain an ample level of cash on hand, which stood at 666.7 billion yen at the end of last year, equivalent to 2.3 months of net sales. In addition, stockholders' equity as a percentage of total assets is over 65%, which ranks eighth among Fortune 500 companies.
In 2012, we were unwavering in maintaining our product competitiveness and healthy financial constitution, which represent our company's basic strengths.
Maintaining a solid foundation that will allow us to swiftly respond to changes in the business environment, we will make necessary investments in a timely manner and take steps to drive growth and development.
