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Electronics giant seeks synergy, cost cutting as core fields mature
TOKYO — “Consider me part of this family,” Canon Chairman and CEO Fujio Mitarai urged management at the newly acquired Toshiba Medical Systems in January.
Canon takes synergy with its new businesses seriously. It has to. Old core businesses such as camera and office equipment have matured, and the company has leaned into mergers and acquisitions in new fields. Canon’s future growth depends largely on how well the company can raise the seeds it has planted, and they have been slow to bear fruit. Read the whole story