Due to applicability of article 4, section 2, clause 1 of special regulations regarding delisting standards of the securities listing regulations, the "4th Series Unsecured Convertible Debentures" (the "Convertible Bonds") that Canon Inc. (the "Company") issued on November 24, 1993, will be delisted. Details are provided below.
Due to advanced conversion of the Convertible Bonds into common stock, as of June 2, 2005, the outstanding amount of the Convertible Bonds, which is also the total face value of the amount listed, was below 300 million yen. Since the outstanding amount of the Convertible Bonds did not fulfill the listing standards of the Tokyo Stock Exchange and Osaka Securities Exchange, the Convertible Bonds will be delisted from both the exchanges.
July 4, 2005
Note: The Convertible Bonds issued by the Company will be assigned to the exchanges' pre-delisting section from June 4, 2005 to July 3, 2005 where trading can be conducted up to and including July 1, 2005. Delisting occurs on July 4, 2005.
| (1) | Name | Canon Inc. 4th Series Unsecured Convertible Debentures |
| (2) | Outstanding Amount | 288 million yen (as of June 2 , 2005) |
| (3) | Conversion Price | 1,497 yen |
| (4) | Securities Issued | Common stock |
Although the Convertible Bonds will be delisted on July 4, 2005, the date of maturity and the expiry date of the conversion period in regard to the Convertible Bonds are December 20, 2005 and December 19, 2005, respectively. Even after the delisting of the Convertible Bonds, based on predetermined procedures, conversion into listed common stock up to and including the expiry date of the conversion period is possible.