Canon 2008 Annual Report Download - page 15

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1
3
Canon
p
ursues business diversifi cation to
ensure future business growth. We are
current
l
y p
l
acing priority on
b
ui
ld
ing up t
h
e
display business, which is a key of cross-
media imaging. In 2008, we acquired
a capital stake in Hitachi Displays, Ltd., and
stren
g
thened operations centered on OLED
displa
y
s and small- to medium-size LCDs.
While
f
ocusin
g
on e
ff
orts to
f
urther
enhance the basic
p
ro
p
erties of the Com
-
pany’s unique SEDs, we are p
l
acing a
dd
i-
tional weight on the establishment of
technologies for mass production.
Canon is also bolstering its digital
radiography business with the develop-
ment o
f
di
g
ital radio
g
raph
y
s
y
stems
capable o
f
viewin
g
d
y
namic ima
g
es and
capturin
g
static X-ra
y
ima
g
es, w
h
ic
h
wi
ll
g
reat
ly
improve
d
ia
g
nostic accurac
y
.
Stren
g
t
h
enin
g
its position in t
h
e
p
rint-on-demand
(
POD
)
market, which it
entered in 2007, Canon released several
new products in the imagePRESS lineup
in 2008. We will continue to enhance
our POD lineups to consolidate our
position in this market.
Canon is also promotin
g
the Group’s
expansion o
f
independent businesses. In
2008
,
Canon Finetec
h
Inc.
,
w
h
ic
h
d
eve
l-
o
p
s and manufactures offi ce MFDs and
t
h
eir perip
h
era
l
s, increase
d
its equity in
Nisca Cor
p
oration, a Ja
p
anese develo
p
er
and manufacturer of peripheral devices
f
or o
ffi
ce machines
,
with the aim o
f
enablin
g
the
f
urther expansion o
f
the
o
ffi
ce machine and peripheral business as
well as acceleratin
g
the development o
f
differentiated
p
roducts. To this end, Nisca
was included in Canon’s sco
p
e of consoli-
d
ation as a w
h
o
ll
y owne
d
su
b
si
d
iary.
As a
p
art of its business diversifi ca-
tion efforts, Canon U.S.A., Inc. is en-
deavoring to commercialize molecular
diagnostic equipment
f
or the U.S. market,
where
g
ene dia
g
nosis is a hi
g
hl
y
ad
-
v
anced and rapidl
y
g
rowin
g
fi
eld, throu
g
h
the application o
f
its ima
g
in
g
and hi
g
h-
precision processin
g
tec
h
no
l
o
g
ies.
Canon has been focusin
g
on its solu-
tions
b
usiness to
p
rovi
d
e o
p
tima
l
so
l
utions
to networked printing environments in
offi ces. In particular, we are putting em
-
phasis on the area o
f
security, applying our
ori
g
inal MEAP to meet the characteristics
o
f
each re
g
ion. In 2008, we acquired
N
EWCAL Industries
,
a Cali
f
ornia-based
reseller of document and
p
rint solutions, to
ex
p
an
d
our so
l
ution
b
usiness in t
h
e Unite
d
S
tates. In a
dd
ition, Canon Mar
k
eting Japan
I
n
c
.
estab
li
s
h
ed
Ca
n
o
n IT
So
l
ut
i
o
n
s
In
c
.
with an eye to cultivating IT solutions as a
core business.
Canon is accelerating the development o
f
OLED
d
isplays for incorporation into its products.
2
. Expandin
g
business operations throu
g
h diversi
fi
catio
n
The popular digital color press imagePRESS contributes to greater printing e
ffi
ciency in the POD market.
T
he ima
g
e in the print sample was desi
g
ned b
y
Europe Qualit
y
& St
y
le Inc. N.Y.