Canon Outlines Impact of Japanese Earthquake and Tsunami

Canon Oceania Outlines Local Impact of the Japanese Earthquake and Tsunami

Canon New Zealand and Australia today confirmed that the earthquake and subsequent tsunami that devastated Japan last month will have an impact on its consumer products business locally.

As a result of the damage to the Canon operations, and those of its suppliers in the areas most affected by the disaster, Canon Oceania has assessed that:

• There will be product shortages across the entire Canon camera portfolio; including cameras, videos, lenses and parts for camera repairs.

• Canon expects supply shortages will start to impact from around the middle of April and will continue to be felt through the middle of the year and potentially into the third quarter of this year.

• There will be minimal impact on the supply of Canon consumer printing and consumable stocks; therefore only minor supply shortages in the coming months.

“We have advised our retail partners here in New Zealand of the impact on our business and are working closely with them to carefully manage supplies to ensure all our customers’ needs are met to the best of our ability,” said Mike Johnston, Country Manager of Canon New Zealand.

“Our Japanese colleagues are doing everything humanly possible to recover from this tragedy, and a comprehensive recovery plan spanning development, production and sales operations has been swiftly put into place.

“We express our deepest sympathies to those who have experienced loss as a result of this terrible tragedy and will continue to support our colleagues in Japan as they start the rebuilding process,” concluded Johnston.

In response to the disaster, the Canon Group globally have donated 300 million yen ($NZ 4.9 million) for the Japanese Red Cross Society and other humanitarian aid organisations.

ENDS

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