Money-losing Toshiba selling medical leasing unit to Canon

Feb 21, 2017

Money-losing Toshiba selling medical leasing unit to Canon

Embattled electronics maker Toshiba Corp. is selling its stake in a medical equipment leasing company to Canon Inc. for ¥31.4 billion ($277 million). Toshiba said Tuesday it is selling its entire 65 percent stake in Toshiba Medical Finance Co. to Canon, a Japanese camera ...

Jan 31, 2017

Canon CFO says investing in Toshiba's chip business 'difficult'

Canon Inc. views it as difficult to invest in Toshiba Corp.’s flash memory business because the company already has a number of investment projects going on and sees little time left to assess its property, Canon Chief Financial Officer Toshizo Tanaka said Tuesday. Speaking ...

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 ...