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Optics and office equipment leader: Canon Inc. (CAJ) (1937)

Canon Inc. (Canon Co., Ltd., Japanese: キヤノン Co., Ltd.) Canon Inc. (NYSE: CAJ, TYO: 7751) was founded in 1937, formerly known as Seiki Optical Industry Co., Ltd., changed to its current name in 1969, and is headquartered in Tokyo, Japan, with 187,041 full-time employees. It is a Japanese enterprise manufacturer that produces imaging, optics, medical equipment, semiconductor industrial equipment and office automation products. The products include cameras, video cameras, copiers, fax machines, image scanners, printers, ophthalmology and X-ray imaging equipment, movie cameras and lenses, semiconductor lithography machines, etc.

Canon Inc Logo

Canon Inc. (CAJ):

In the summer of 1934, they developed their first camera “Kwanyin” (Kwan-on, the traditional Japanese pronunciation of “Kwanyin”). The following year, the company changed its name to “Canon” (“観音”かんおんkan-on (modern pronunciation of “guanyin”) => kanon => Canon, which was eventually converted to “Canon”). Hong Kong used to use the kit as its name, and now it is translated into “Canon” in Chinese.

Canon’s product series are distributed in three areas : personal products, office equipment and industrial equipment. The main products include cameras and lenses, digital cameras, printers, copiers, fax machines, scanners, broadcasting equipment, medical equipment and semiconductor production equipment, etc. .

Canon has a leading position in the optical field. Its product series are distributed in three areas. It is influential in the global personal products, office equipment and industrial equipment fields. Well-known products include cameras and lenses, color inkjet printers, digital cameras, and digital Photocopiers, personal photocopiers, multi-function printers, LCD projectors and video equipment, printers, copiers, fax machines, scanners, broadcasting equipment, medical equipment and semiconductor production equipment, etc.

Canon has established regional headquarters in the Americas, Europe, Asia, Oceania and Japan to strengthen the strategy of globalization and diversification. At the same time, it has more than 230 holding subsidiaries around the world. On March 9, 2016, Toshiba of Japan held a board of directors and finally decided to sell its Toshiba Medical Systems Company to Canon. Canon’s offer was 700 billion yen (about 5.9 billion US dollars).

Canon’s main competitors include Samsung , Nikon , Sony , Olympus , Konica Minolta , Fujifilm , Leica, Pentax , Epson , Kodak , HP , Xerox, etc.

Canon Inc. (CAJ) History:

  • Canon was planned by Yoshida Goro and his brother Uchida Saburo, and was founded in 1933 with funds raised by Uchida Saburo’s friend Mitarai Takeshi. It was named “Seiki Optical Laboratory” (せいきこうがくけんきゅうじょ) or Precision Optical Instruments Laboratory. The original intention was to study the development of high-quality cameras. The company’s first cameras were imitations of Leica screw-mount cameras. The one they imitated best was a body with a Leica screw lens (L39), but with a viewfinder and rangefinder. Canon initially did not have its own optical manufacturing plant, so early Canon lenses were all manufactured by Nikon. But Canon soon began to manufacture its own lenses and use the “Serenar” brand.
  • In 1937, Canon, which started with optical technology and aimed to manufacture world-class cameras, was established.
  • In 1987, Canon’s Fukushima factory in Japan began to produce EOS cameras. The first EOS camera series launched was the EOS 650 autofocus SLR camera produced in March 1987; the EOS 650 was the world’s first camera equipped with a fully electronic lens mount system.
  • In the early 1970s, Canon developed Japan’s first plain paper copier.
  • In 1997, Canon (China) Co., Ltd. was established in Beijing.
  • In 2000, Canon launched the EOS D30 equipped with a self-developed CMOS image sensor and officially entered the digital era of single-lens reflex cameras.
  • In 2002, the Shanghai branch of Canon (China) Co., Ltd. was established (began to assume the functions of the East China regional headquarters after 2003). Canon moved its Asian marketing headquarters to Beijing.
  • In 2003, the Guangzhou branch of Canon (China) Co., Ltd. was established, which also assumed the functions of the South China regional headquarters, and the Beijing branch of Canon (China) Co., Ltd. was established, which also assumed the functions of the North China regional headquarters.
  • On November 17, 2009, Canon acquired Océ, a Dutch professional output equipment company, for a cash price of 730 million euros (equivalent to 1.1 billion US dollars) to expand its printer business footprint and help strengthen the company’s leading position in the global office equipment market.
  • In 2010, Canon acquired Tereck Office Solutions, Inc.
  • In February 2014, Canon acquired Molecular Imprints Inc of Texas, USA for 98 million US dollars.
  • On June 13, 2014, Canon announced the acquisition of Milestone Systems, a Danish IP surveillance VMS software company.
  • On February 10, 2015, Canon acquired the Swedish network surveillance camera equipment manufacturer “Axis Communications AB” (Axis Communications AB) for US$2.83 billion.
  • On April 24, 2015, Canon Europe announced that it had acquired Lifecake, a family photo sharing startup based in London.
  • In November 2015, Canon USA filed a lawsuit against a number of camera equipment retailers in an attempt to stop selling gray market camera equipment. Retailers include Get It Digital, All New Shop and F&E Trading.
  • On March 9, 2016, Canon acquired Toshiba Medical Systems Corporation, a subsidiary of Japan ’s Toshiba Corporation, for US$5.9 billion .
  • On March 28, 2017, Canon Europe announced that it had acquired Kite, a printing company based in London.
  • On April 2, 2019, Canon launched two new UHDgc 2/3-inch portable zoom lenses designed specifically for 4K UHD broadcast cameras.
  • In July 2020, Canon recorded its first quarterly loss due to COVID-19 .
  • In September 2020, Fujitsu announced that it would provide Canon with the Fujitsu supercomputer PRIMEHPC FX1000 device to assist its prototype-free development and manufacturing plan
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