Business Strategies

Excellent Global Corporation Plan Phase VI 2021-2025

In 2021 we commenced a new five-year management plan—Phase VI of the Excellent Global Corporation Plan. Phase VI picks up where Phase V left off, under the basic policy "accelerate our corporate portfolio transformation by improving productivity and creating new businesses."

1Enhance competitiveness through company-wide realignment into a new industry-oriented business group structure

Printing Group

  • Expand Commercial Printing business and establish Industrial Printing business
  • Reinforce Canon's product lineup by leveraging our strengths in electrophotography and inkjet technologies, as well as our digital transformation capability in the Office Printing business

Imaging Group

  • Establish Smart Mobility business by leveraging our optical and network technologies
  • Expand business scope of network cameras to encompass the social infrastructure market and maintain the top position in the digital camera industry

Medical Group

  • Expand medical diagnostic equipment business by reducing costs of core products and boosting their sales in Europe, the Americas and emerging markets
  • Accelerate business expansion by making full-scale entry into diagnostic equipment-adjacent markets including test reagents

Industrial Group

  • Further improve OLED manufacturing systems while developing new manufacturing processes and new materials
  • Increase market share of semiconductor lithography systems and FPD manufacturing systems by introducing competitive products

Frontier Business

  • Accelerate development of new businesses including life science, materials and solutions services

2Improve group-wide productivity through extensive reinforcement of Canon's global headquarter functions

  • Thorough cash flow management

  • Establish a more dynamic and merit-based HR management system

  • Promote cost reduction initiatives across the whole Group

  • Focus on innovations that advance business

2025 Management Targets

Net Sales
¥4.5 trillion or more
Operating Profit Ratio
12% or more
Net Income Ratio
8% or more
Shareholder’s Equity Ratio
60% or more
  • *Based on exchange rate of USD=¥105、EUR=¥120

Canon’s Road to Phase VI

Phase I 1996-2000

To strengthen its financial structure, Canon transformed its mindset to a focus on total optimization and profitability. The company introduced various business innovations, including the selection and consolidation of business areas, and reform activities in such areas as production and development.

Phase II 2001-2005

Aiming to become No. 1 in all major business areas, Canon focused on strengthening product competitiveness along with the changing times, stepping up efforts to digitize its products. The company also conducted structural reforms across all Canon Group companies around the world.

Phase III 2006-2010

Canon moved ahead with such growth strategies as enhancing existing businesses and expanding into new areas while also thoroughly implementing supply chain management and IT reforms.

Phase IV 2011-2015

Responding to weakness in the global economy, Canon revised its management policy from a strategy targeting expansion of scale to a strategy aimed at further strengthening its financial structure. While actively pursuing M&A activities, the company restructured its business at a foundational level to introduce new growth engines for future expansion.

Phase V 2016-2020

Aiming for new growth, we expanded our four new businesses—Medical, Network Cameras, Commercial Printing and Industrial Equipment—and completed the reorganization of our business portfolio, the first phase of our "Grand Strategic Transformation."