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Canon to acquire Toshiba Medical Systems Corporation shares and make it a subsidiary

Press releases may be edited for formatting or style | December 19, 2016 Business Affairs

The inclusion of Toshiba Medical into the Canon Group is expected to make possible the following benefits.

Accelerated entry into new fields
By maximizing the application of both Canon and Toshiba Medical’s management resources, Canon will be able to leverage Toshiba Medical’s core strength in imaging diagnostics, further reinforcing Toshiba Medical’s operational strength in its in-vitro diagnostics business and next-generation medical IT through M&A and other strategic investment, to make possible the strengthening of Canon’s biomedical business. Additionally, by making use of Canon’s business portfolio and partnerships, further progress is expected in the field of medical equipment.
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Further improvements in quality through shared production technology
A collaborated effort between Canon, with its advanced production technologies, and Toshiba Medical, with its exceptional product development capabilities, is expected to lead to further enhancing Toshiba Medical’s product strength through the provision of precision design and microfabrication technologies, an optimized production system and cooperation aimed at improving quality. This will not only enable the sale of price-competitive products in the market, but also contribute to the development of the health care business through the circulation of funds generated through enhanced management efficiency applied toward investing in the development of next-generation medical equipment.

Expand business domains through the enhancement of R&D capabilities
Canon possesses proprietary high-speed dynamic X-ray imaging sensor technology, among other imaging devices, along with associated elemental technologies; photoacoustic tomography technology selected by Japan’s national ImPACT program; medical robotic system technologies and minimally invasive technologies. Through the promotion of joint technology development leveraging these Canon technologies and Toshiba Medical’s R&D capabilities, the Canon Group will be able to globally provide innovative new products and services in the future.

Overview of Toshiba Medical
1) Company name: Toshiba Medical Systems Corporation
2) Representative: Toshio Takiguchi, President
3) Location: 1385 Shimoishigami, Otawara-shi, Tochigi-ken, Japan
4) Date of establishment: September 23, 1948
5) Scope of business: Development, manufacture, sale and technical services for medical equipment (including diagnostic X-ray systems, medical X-ray CT systems, magnetic resonance imaging systems, diagnostic ultrasound systems, radiation therapy systems, diagnostic nuclear medicine systems, medical sample testing equipment, and information systems for medical equipment) 6) Operating Results for the fiscal year ending March 2016

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