It's almost like Canon knew the photography industry was going to shrink and have planned accordingly over the last 5+ years. Canon has started to invest heavily into commercial printing, healthcare, industrial equipment and network cameras. We've seen a few acquisitions in those sectors over the last few years.

Embrace the challenge of new growth through a grand strategic transformation

  1. Establish a new production system to achieve a cost-of-sales ratio of 45%
  2. Reinforce and expand new businesses while creating future businesses
  3. Restructure global sales network in accordance with market changes Restructure global sales network in accordance with market changes
  4. Enhance R&D capabilities through open innovation
  5. Complete the Three Regional Headquarters management system capturing world dynamism

See Canon's corporate strategies slideshow (PDF)

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