Mar 17, 2016

Canon agrees to buy Toshiba medical unit

Canon Inc. agreed to buy Toshiba Corp.’s medical equipment unit for ¥665.5 billion ($5.9 billion) as the world’s biggest maker of cameras seeks new growth. The deal will be funded by existing cash and borrowed funds, Tokyo-based Canon said in a statement Thursday. The ...

Mar 9, 2016

Canon offers ¥700 billion for Toshiba medical unit: report

Canon Inc. is the leading contender to win the bidding for Toshiba Corp.’s medical unit with an offer exceeding ¥700 billion ($6.2 billion), sources said Wednesday. The offer puts it ahead of rival bids from Fujifilm Holdings Corp. and a grouping of Konica Minolta ...

Jan 27, 2016

Canon names digital camera veteran Maeda as next president

Canon Inc. on Wednesday named Senior Managing Director Masaya Maeda as the successor to President Fujio Mitarai, who will remain chairman and chief executive officer. Maeda will become president in March. Mitarai, 80, told a news conference in Tokyo that Maeda was chosen because ...

Feb 11, 2015

Canon to buy Swedish security camera-maker Axis

Canon Inc. said Tuesday it will acquire the world’s leading security camera-maker, Axis AB of Sweden, through a tender offer. It will be Canon’s largest ever buyout, involving an estimated ¥333.7 billion and acquisition of all Axis shares. Axis last year logged a net ...

Apr 21, 2014

Firms shifting production back to Japan

Manufacturers appear to be moving production back to Japan while the yen remains weak and labor costs rise abroad. If the trend results in an increase in domestic capital spending, it will benefit the economy, which is taking a blow from the first stage ...

Jan 31, 2014

Hitachi to top Canon's market value

Hitachi Ltd., which quit making TV sets in 2012 to focus on industrial-power and infrastructure units, is poised to surpass Canon Inc. in market value as camera sales are sapped by smartphones. Bloomberg has tracked the market capitalizations of Hitachi, Canon, Sony Corp. and ...