December 24, 2004
Canon Inc.

Notice regarding the dividend for fiscal year ending December 2004 (the 104 th Business Term)

At a Board of Directors meeting held on December 24, 2004, a decision was made to propose the following year-end dividend for the fiscal year ending December 2004 (the 104th Business Term) at the Ordinary General Meeting of Shareholders to be held in late March 2005.

1. Reason for Dividend Revision

Since record consolidated and non-consolidated financial results are expected for the fiscal year ending December 2004, and in response to continued shareholder support, the following upward revision was made to the year-end dividend projection for one share.

2. Details of the Revision

  Mid-term Year-end Full Year
Previous Projection (July 28, 2004) 25.00 yen 25.00 yen 50.00 yen
Current Revision 25.00 yen 40.00 yen 65.00 yen
(For reference) Previous Year's Result 15.00 yen 35.00 yen 50.00 yen