RESULTS FOR THE FOURTH QUARTER
AND THE FISCAL YEAR ENDED DECEMBER 31, 2002
January 30,2003
   CONSOLIDATED RESULTS
(Millions of yen,thousands of U.S. dollars,except per share amounts)
  Actual Projected
Year ended
December
31, 2002		 Year ended
December
31, 2001		 Change
(%)		 Year ended December
31, 2002		 Year ending
December
31,2003		 Change
(%)
               
 Net sales ¥ 2,940,128 ¥ 2,907,573 +    1.1 $ 24,501,067   ¥ 3,120,000 +   6.1
 Operating profit 346,359 281,839 +  22.9 2,886,325   360,000 +   3.9
 Income before income taxes 330,017
 281,566
 +  17.2
 2,750,142   350,000
 +   6.1
 Income before  cumulative
 effect of change in accounting
 principle		 190,737 163,869 +  16.4
 1,589,475   - 
 - 
 Net income 190,737 167,561 +  13.8 1,589,475   205,000 +   7.5
 Earnings per share:              
    Income before cumulative effect of change in accounting  principle:
    - Basic ¥ 217.56 ¥ 187.07 +   16.3 $ 1.81   -  - 
    - Diluted 214.80 184.55 +   16.4 1.79   -  - 
    Net income          
    - Basic ¥ 217.56 ¥ 191.29 +   13.7 $ 1.81   ¥ 233.55 + 7.3
    - Diluted 214.80 188.70 +   13.8 1.79   -  - 
Actual
As of December
31, 2002		 As of December
31, 2001		 Change
(%)		 As of December
31, 2002
         
 Total assets ¥ 2,942,706 ¥ 2,844,756 +   3.4 $ 24,522,550
 Stockholders' equity ¥ 1,591,950 ¥ 1,458,476 +   9.2 $ 13,266,250
 Notes: 1. Canon's consolidated financial statements conform with accounting principles generally accepted in the United States of America.
  2. U.S. dollar amounts are translated from yen at the rate of US$ = JPY 120, the approximate exchange rate on the Tokyo Foreign Exchange Market as of December 30, 2002, solely for the convenience of the reader.

   NON-CONSOLIDATED RESULTS
(Millions of yen, except per share amounts)
  Actual Projected
Year ended
December
31, 2002		 Year ended December
31, 2001		 Change
(%)		 Year ending
December
31,2002		 Change
(%)
             
 Net sales ¥ 1,789,005 ¥ 1,707,459 +     4.8   ¥ 1,920,000 +    7.3
 Operating profit 237,193 193,389 +   22.7   256,000 +    7.9
 Ordinary profit 240,982
 211,127
 +   14.1
   255,000
 +    5.8
 Net income 144,184 39,163 + 268.2   154,000 +    6.8
 Earnings per share:            
    - Basic ¥ 164.46 ¥ 44.71 + 267.8   ¥ 175.45 +    6.7
    - Diluted 162.38 44,21 + 267.3   -  - 
 Earnings per share: 30.00 25.00 -     30.00 - 
           
Actual
As of December
31, 2002		 As of December
31, 2001		 Change
(%)
       
 Total assets ¥ 1,848,136 ¥ 1,658,066 +  11.5
 Stockholders' equity ¥ 1,235,309 ¥ 1,118,443 +  10.4
 Canon Inc.
 Headquarter office		 30-2,Shimomaruko 3-chome,Ohta-ku,
Tokyo 146-8501,Japan
Phone:+81-3-3758-2111
Notes:
This report contains forward-looking statements which reflect management's views at the time of the announcement with respect to certain future events and financial performance. Actual results may differ materially from those projected or implied in any forward-looking statements. Further, certain forward-looking statements are based upon assumptions of future events which may not prove to be accurate. (Cautionary Statements for Purposes of the Safe Harbor Provisions of the United States Private Securities Litigation Reform Act of 1995.)