Canon 2007 Annual Report Download - page 7

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5
advanced technology related to production equipment for
organic light-emitting diode (OLED) displays to contribute
considerably toward the development of Canon products.
Canon also reached an agreement with Hitachi, Ltd. to
acquire shares in Hitachi Displays, Ltd., with the aims of
advancing display technologies, ensuring stable procurement
of LCD panels used in Canon products, accelerating its OLED
display development and facilitating product development.
Phase III is an expansion period for Canon, and we will pursue
M&A as a means to strengthen related fields in existing busi-
ness operations, sales networks and the solutions business.
Looking beyond Phase III, we recognize that the cultiva-
tion of next-generation business domains is vital for Canon’s
future growth. Accordingly, the Company is accumulating
technologies and conducting highly advanced research inter-
nally or in collaboration with leading universities and insti-
tutes. We have also identified medical imaging and robotics
as new business domains. In medical imaging, the Company
is advancing collaborative research with Kyoto University in
Japan with the aim of developing innovative diagnostic
imaging devices.
On a final note, to become a company worthy of admira-
tion and respect worldwide, Canon is strengthening its Group-
wide compliance systems and internal controls. In accordance
with our corporate philosophy of kyosei, we believe that an
excellent global corporation ultimately places compliance
above corporate profit. Therefore, with the aim of ensuring
Group-wide compliance, the Company is reinforcing its audit-
ing processes for compliance-related issues and promoting
greater awareness among all employees.
Looking back on our 70-year history, we recognize that the
Company’s continuous prosperity is founded upon the values
that make up its corporate DNA: respect for human dignity,
an emphasis on technology and an enterprising spirit. We
are envisioning the next 30 years until Canon’s 100th
anniversary with confidence in the depth and strength of
these values, which we will refine and pass on to the next
generation of employees.
Seventy years into a remarkable forward-looking journey,
Canon has never been stronger. We ask for your continued
support and understanding of the Company’s endeavors
and objectives.
Fujio Mitarai
Chairman and CEO
Canon Inc.