Leveraging strengths in digital printing technology and its global sales and service network, Canon aims to become the global leader in office and home printing solutions in the DX era. Furthermore, the company plans to further expand its commercial printing business and fortify its industrial printing business.
Canon will expand its imaging business by broadening the conventional camera industry to include the optical industry. Along with being No.1 in mirrorless cameras, the network camera business is being expanded. New video experience markets such as XR are also being developed and Canon is entering the mobility field.
Canon will strengthen its competitiveness and U.S.-centered sales network in such core product categories as CT, MRI and diagnostic ultrasound systems. The goal is to be No. 1 in CTs and a leading manufacturer of other diagnostic imaging systems. The healthcare IT and in-vitro diagnostics businesses will be further expanded.
To meet the growing demand for semiconductor and display manufacturing systems, Canon is expanding its production system for such equipment and is strengthening its customer support organization. Next-generation nanoimprint lithography manufacturing technology is also being developed with the goal of early commercialization.
Building on the foundation of its existing technologies, Canon is exploring new business in the fields of life science, materials and solutions. The aim is to develop strong new businesses by sharply defining the target markets through targeted "selection and concentration."
Reinforce central functions to support growth strategies of industry-oriented groups
Renewed focus on thorough cash flow management undertaken to reinforce Canon's solid financial foundation in preparation for a major investment or a future economic crisis. Accelerated debt repayment associated with M&A to ensure a strong financial position.
In line with diversifying employment and work styles, Canon has implemented a HR management system to boost employee productivity. Through training programs aligned to the business portfolio and an in-house career shift system, Canon assigns each person to the most suitable role.
Canon pursues cost reduction through the adoption of automation and in-house production, which includes production technology, development, design, procurement and factories. The company also strives to realize a globally optimized procurement network and streamlined logistics.
While further strengthening the headquarters’ R&D functions, which contribute to the profitability of each industry group, Canon will promptly respond to changes in the business environment such as carbon neutrality and ensuring economic security across the entire company.