Canon 2006 Annual Report Download - page 10

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8
Canon works tirelessly to stay ahead of
changing trends in order to launch next-
generation products. To this end, the
Company established the New Business
Domain Committee, which explores new
fields to ensure significant growth from
2010. Canon aims to establish a core
business in medical-related fields in the
future by cultivating and expanding applica-
tions in its imaging technologies. To com-
pile and develop the technologies required
for this area, the Company launched a joint
project with Kyoto University in Japan
during 2006 and began joint research with
Stanford University in the United States in
4
Identify next-generation business domains and obtain
necessary technological capabilities
3
Expand operations through diversification and
strengthen the Three Regional Headquarters system
Canon recognizes that new business is
crucial to succeed in reaching the 2010 net
sales target of ¥5.5 trillion and increasing
corporate value.
Regarding business diversification, the
Company is expanding its large-format
printer business for graphic arts and a
range of corporate uses. The L Printer
division, for which the Company holds
high expectations, became Canon’s
seventh product operations segment in
2007. Canon also entered the growing
print-on-demand (POD) market with the
introduction of the imagePRESS series of
production color printing systems for such
commercial printing needs as the creation
of catalogs and brochures.
In an aim to increase revenues from
independent business, Group companies are
being encouraged to pursue business activi-
ties outside of Canon’s established fields.
Canon is focusing on strengthening its
Three Regional Headquarters system.
Canon U.S.A., Inc., Canon Europe Ltd.,
and Canon Europa N.V. have made steady
progress in implementing structural
reforms and new businesses. These com-
panies will be encouraged to apply their
human and capital resources in order to
expand their areas of business and become
companies that provide exports to the rest
of the world.
Canon is strengthening its large-format printer business, expanding the potential of inkjet printers
EXCELLENT GLOBAL CORPORATION PLAN—PHASE III