Canon Establishes Worldwide Goals to Reduce Carbon Dioxide Emissions; Canon U.S.A. Takes to the Road to Discuss Latest Initiative with EPA.

LAKE SUCCESS, N.Y. -- Targeting 20 percent reduction of carbon dioxide emissions per unit of sales by 2006, Canon Inc. (NYSE: CAJ) has established a worldwide campaign to minimize the environmental impact that logistics activities, including procurement, production and transportation, have on the environment.

According to the Canon Sustainability Report 2003: "Pollutants, greenhouse gases and other forms of environmental burden...overwhelm the earth's ability to cleanse itself...The global environment, on which the ecosystem and future of humankind depend, is being destroyed at an accelerating rate by acid rain, destruction of the ozone layer, global warming and other environmental maladies borne of economic and social activities."

To help reduce the environmental burden posed by logistics activities, Canon's commitment to environmentally conscious management extends beyond product design, development and manufacturing to embrace the reduction of CO2 emissions worldwide from countries where products are manufactured to countries where products are sold.

In the United States, Canon U.S.A., Inc., a subsidiary of Canon Inc., voluntarily partners with the U.S. Environmental Protection Agency on several product design, waste reduction and transportation programs. The latest initiative is Canon's role as a CHARTER PARTNER in SmartWay Transport Partnership. Launched in 2003 as a voluntary program in the transportation industry, this partnership with leading freight-haulers, retailers and manufacturers aims to reduce fuel consumption, reduce emissions that affect health and reduce greenhouse gas emissions that affect the environment.

Canon U.S.A.'s vice president of logistics, James J. Gordon, Jr., is participating in high profile venues to discuss Canon's commitment to reducing CO2 emissions, the company's support for ongoing efforts to safeguard the environment and its role in SmartWay Transport Partnership. Upcoming events include:

--Monday, October 4 - at the American Trucking Association Management Conference & Exposition (Las Vegas). For more information: www.truckline.com

--Wednesday, November 17 - at the Japan International Transport Institute (Washington DC) seminar on transport and the environment. For more information: www.japantransport.com/newconference.htm

Canon U.S.A., Inc. delivers consumer, business-to-business, and industrial imaging solutions. The company is listed as one of Fortune's Most Admired Companies in America, and is ranked #35 on the Business Week list of "Top 100 Brands." Its parent company, Canon Inc. (NYSE:CAJ), is a top patent-holder of technology, ranking second overall in the U.S. in 2003 and with global revenues of $24.5 billion. Canon U.S.A. employs more than 10,000 people at over 30 locations. For more information, visit www.usa.canon.com.

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