Canon's

Mr. Mitarai, who became CEO in 1997, has been central to Canon's expansion and relatively solid earnings performance.

At Canon, Elder Gains Wider Leadership Role Juro Osawa 2012

His new role bolsters his position as one of Japan's most powerful business leaders and might pose a bigger challenge to Canon's search for a successor when he eventually steps down.

At Canon, Elder Gains Wider Leadership Role Juro Osawa 2012

Canon's forecasts are based on an assumption that the dollar will average ¥75 and the euro ¥100 for this year.

At Canon, Elder Gains Wider Leadership Role Juro Osawa 2012

Canon's 76-year-old chairman and CEO will take on the additional role of president when the younger incumbent steps down in March.

What's News— 2012

Associated Press Canon's CEO Fujio Mitarai is adding president to his duties.

At Canon, Elder Gains Wider Leadership Role Juro Osawa 2012

The forecasts, however, seem rather modest in comparison to Canon's highly ambitious earnings goals for next year.

Canon Expects Dollar to Strengthen in Second Half Juro Osawa 2011

He said Canon's efforts to increase global market share in office equipment — after its acquisition last year of Dutch printer maker Oce NV — will likely be followed by a stronger growth in high-margin office supplies such as toner cartridges for printers.

Canon Expects Dollar to Strengthen in Second Half Juro Osawa 2011

And Rob Taylor, co-manager of Oakmark Global Fund, likes that 30 percent of Canon's revenue comes from royalties for example, every Hewlett-Packard laser printer uses Canon technology and products, such as ink cartridges, that customers buy repeatedly.

To make good stock decisions, consider a global perspective Andrew Tanzer 2011

The yen's strength was one of the major factors puling down Canon's profit in 2010, negatively impacting its operating profit by 127.4 billion yen $1.55 biliion.

Canon Expects Dollar to Strengthen in Second Half Juro Osawa 2011

Mr. Uchida, who has held the president's job for six years, will step down after Canon's annual shareholder meeting on March 29 and become an adviser to the company.

At Canon, Elder Gains Wider Leadership Role Juro Osawa 2012