Canon is said to plan a slash in production costs of 400 billion yen (equivalent of $4.8 billion USD) by expanding the use of robotics. This new strategy seems to be related to the strength of the yen, which may negatively impact the annual profits of the company by 100 billion yen, i.e. $1.2 billion USD.
Canon is supposed to bring in addition more robots to the toner production processes. New implementations may be added to assembly lines for interchangeable lenses that are used by SLR cameras, says a Nikkei report quoted by Reuters.
The company is expected to try to increase sales in order to reach 5 trillion yen by fiscal year 2015 (about $60.2 billion USD), which represents a significant increase over its revenues for the fiscal year 2011.