TOKYO, March 3, 2004 - Standard & Poor's Ratings Services announced today that it raised its long-term rating on Canon Inc.

Canon was evaluated highly for its solid operating performance, supported by leading global market positions in key products. The upgrade also reflects expectations that the company will maintain its solid financial profile, characterized by high profitability and cash flow, based on strong product development and cost competitiveness.

Below are current ratings on Canon, including those from other rating agencies.