What new sectors is Canon targeting for acquisitions?

Canon is exploring acquisitions in lucrative areas such as medical devices and chip tools.

What are Canon's projected shareholder returns over five years?

Canon expects shareholder returns to total more than ¥1 trillion during the upcoming five-year period.

What is Canon's current dividend payout ratio target?

Canon has set a lower dividend payout target of around 40% in its new five-year plan.

Home / Business and Economy / Canon Eyes Medical, Chip Tools in $25 Billion Expansion

Canon Eyes Medical, Chip Tools in $25 Billion Expansion

15 Jan

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Summary

Canon plans to invest ¥3 trillion in existing businesses and ¥2 trillion for acquisitions.
Shareholder returns are projected to exceed ¥1 trillion over five years.
CEO Fujio Mitarai, 90, indicated he might lead the company beyond the new five-year plan.

Canon Eyes Medical, Chip Tools in $25 Billion Expansion

Canon has unveiled a new five-year strategic plan, signaling a significant investment of ¥3 trillion to bolster its current operations. Concurrently, the company is prepared to allocate as much as an additional ¥2 trillion toward potential acquisitions, with a keen focus on expanding into high-growth sectors like medical devices and semiconductor manufacturing equipment.

Shareholder returns are projected to exceed ¥1 trillion over the next five years. While the dividend payout ratio has been adjusted to approximately 40%, down from a previous benchmark of 50%, Canon remains committed to a flexible approach regarding share buybacks, aiming to balance profitability with investor rewards.