Canon Business General

Canon To Step up Repayment of Acquisition Debt

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From Nikkei Asian Review:

$1.8bn set aside for 2018 on brisk earnings

TOKYO — Canon will pay back more interest-bearing debt this year to improve its financial standing following the 2016 acquisition of a medical equipment business from Toshiba.

Repayment will double from 2017 levels to around 200 billion yen ($1.79 billion) in light of strong earnings last year, with an aim of whittling down borrowings from parties including Bank of Tokyo-Mitsubishi UFJ. Read the full story

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