Miyazaki Daishin Canon Inc. to be Made a Wholly Owned Subsidiary of Canon Inc.

[Canon Rumors]

<strong>TOKYO, April 26, 2017</strong>—Canon Inc. (“Canon”) announced today that Canon and Miyazaki Daishin Canon Inc. (“Miyazaki Daishin Canon”) at their respective Board of Directors’ meetings held on April 26, 2017, adopted resolutions to conduct a share exchange under which Miyazaki Daishin Canon will be made a wholly-owned subsidiary resulting from a share exchange of Canon, which will become the wholly-owning parent company resulting from a share exchange (the “Share Exchange”), and concluded a share exchange agreement, as described below.</p>
<p>Canon, to be able to swiftly respond to changes in demand due to market fluctuations, is bringing manufacturing capabilities back to Japan as a way to strengthen mutual cooperation between development and manufacturing. At the same time, by vigorously driving forward automation Canon is also furthering its capabilities in camera production engineering.</p>
<p>To accelerate this effort, we decided to take this opportunity to make Miyazaki Daishin Canon, an affiliated company accounted for by the equity-method since 1980 that has contributed to the development of the Group as a manufacturer of mainly interchangeable-lens digital cameras, a wholly-owned subsidiary. In doing so, we will promote a synergistic combination of Canon Group business and management resources and construct a system that allows agile decision-making and prompt execution of important strategies. Going forward, the Group will work in a concerted effort to further speed up the management process and enhance its position in the camera market.</p>
<p>The Share Exchange will become effective on June 1, 2017, after approval is granted at the extraordinary general meeting of shareholders of Miyazaki Daishin Canon to be held on May 11, 2017. By contrast, Canon will adopt a simplified share exchange without approval at the general meeting of shareholders pursuant to Article 796, Paragraph 2 of the Companies Act. <a href="http://global.canon/en/news/2017/20170426.html">Read the full release</a>.</p>
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[Mt Spokane Photography]

I definitely do not understand Corporate politics, or how shuffling paper will change things.

Does it give Masaya Maeda more ability to speed up the relatively long time it takes to design and produce a new Camera model?

How did Miyazaki Daishin Canon come to exist? Was it a separate company setup by Canon to do their manufacturing of ILC cameras? I think it came into being possibly as a way for the then small Canon to meet manufacturing needs for fast growing sales.

Apparently, Canon bought 50% of it in 2002, and someone referred to as Large Industrial CO, LTD has 50% I can find no information about who they are.

So, is Canon buying out Large Industrial CO, LTD, or do they own that indirectly as well? Canon has a huge web of different companies around the world.

Here is a poor translation from their website.

Miyazaki Daishin Canon Inc.

Company name	Miyazaki diciniyanon co., Ltd.
Location	884-0101, Japan Miyazaki koyu-gun kijo-Cho Oaza Takagi 4308-1
Capital	80 million yen
Started operation.	7/1/1980
Description of business	Digital camera manufacturing
Site area	45627 sq meters
Building area	14324 sq meters
Shareholders '	Canon Inc. (50%) Large industrial co., Ltd. (50%)

The company started production of film cameras continues to evolve and to companies that produce digital products through the production period of bubble jet printer along with the needs of the times.

In 1980​

1 month​

Daishin camera co., Ltd.

July​

Lens shutter camera production
In 1983​

6 month​

Cumulative production of camera reached 1 million units
In 1988​

February​

Start the FD lens production
In 1990​

1 month​

Company's 10th anniversary
In 1991​

April​

Renamed Miyazaki diciniyanon co., Ltd.
In 1992,​

July​

SLR camera production

In 1993,​

1 month​

Ink-jet printer production

April​

Discontinued camera (6 million units total production)
In 1995,​

1 month​

Cumulative production of ink-jet printer 1 million units

6 month​

Quality management system (ISO9002) certification
In 1996,​

February​

Plant banning start
In 1997,​

3 month​

Environment management system (ISO14001) certification

July​

Board implementation production
In 2000,​

1 month​

Company's 20th anniversary
In 2001​

1 month​

Digital camera production

February​

Digital video production
		Ink-jet printer production ends (Production date of 7500000 units)
2002.​		Quality management system (ISO9001) certification transition
In 2004​

12 month​

Digital camcorders discontinued
In 2005​

July​

Transition to Canon group integrated ISO14001

12 month​

Digital products total shipments reached 10 million units
In 2008​

July​

East higashikokubaru Miyazaki Prefecture Governor visit

August​

Construction of new
In 2009​

​

Digital products total shipments reached 20 million units
2011​

August​

Kono Miyazaki Governor visit Digital products total shipments reached 30 million units
2013​

12 month​

稲用, Miyazaki Prefecture Vice Governor visit
2014​

July​

Kono Miyazaki Governor visit