History of Canon
Goro Yushida, and his brother-
With sales reaching full-
Precision Optical Instruments Laboratory shifted control to Meguro, and became known as Japan Precision Optical Instruments Laboratory. The company had a hard time getting on its feet, most months producing no more then ten cameras, and sometimes as little as one. With the launch of the Hansa Camera, business began to boom. To begin with they had difficulties with costs from factory construction, increased staff, and a slow output. To stabilize the capital, the company decided to become a joint stock company, and on August 10, 1937, Japan Precision Optical Instruments Laboratory was established s Precision Optical Industry, CO Ltd.
The new company managed a good start, with sales increasing dramatically within
the first year. Precision Optical Industry, CO., Ltd. released a new model named
“Canon saishingata”, also know as the New-
In 1940, Shibuya Roentgen Manufacturing Works and Morikawa Manufacturing Works
were contacted by the Japanese military about obtaining x-
Takeshi Mitarai, after serving a central role in the establishment of the Precision Optical Industry, Co., Ltd. was named President of the company. Mitarai introduced many modern managerial techniques, many of which were very controversial, such as a monthly salary. During World War II Precision Industry faced many difficulties, at the onset of the war. Their Itabashi Plant was lost to fire, but the Meguro Head Office Plant was unharmed. At the end of the war Precision Optical closed it doors and its employees disbanded. When the Allied Forces occupied Japan, Mitarai noted that the soldiers were interested in Japanese cameras. Mitarai decided to resume camera production. He sent out a letter to former employees who were enthusiastic and had an aggressive spirit about rejoining the company. Mitarai took 156 employees back, including 43 women. On October 1, 1945 Precision Optical Industry reopened.
During this time Canon also developed and sold 4 different camera models: the S, J, NS (New Standard Model), and JS. The S model was designed in April of 1939. It had shutter speeds that shot from 1 second to 1/20 of a second, and featured Nikkor lenses that were produced by the Japan Optical Company. The J model was also designed at the same time. It was designed to be Canons camera for the amateur photographer. Instead of a rangefinder the J model used a distance scale. This model also came with Nikkor lenses. The NS was designed and sold in November of 1939. It was not a popular camera because of its high prices due to the war. Only about 100 units were made. Lastly the JS model was marketed throughout 1939. It too was not a popular model as only 50 units were made.
Matarai was unsure as to whether camera sales alone would support the company,
so Precision Optical Industry founded Akatsuki-
A proposal to change the companies name to Canon Camera Co. Ltd, by Takeshi Mitarai, allowed the company of production to be easily linked to the product. This change was effective, unlike the previous name, the soldiers and officers of the occupying nation had not problem remembering it. Also the name change was an added advantage in advertising, unlike the other companies in Japan, Canon Camera CO. Ltd, was written with Katakana script, allowing it to stand out.
In 1950 President Mitarai made his first trip to the United States, he was looking
into opening a factory. He met with Bell and Howell, who informed him that the major
problem with Japanese factories is that they catch on fire too easily. With his return
to Japan Mintarai was determined to make a fire-
To mark the 15th anniversary of Cannon Camera Co. Ltd’s foundation, Zenmaro Toki
and Takuboku Ishikawa created a company song. The song was written about the company’s
philosophy and international orientation. The song speaks mainly of “san-
During the years of 1946-
In 1955,Canon opened a branch in New York City. Its main concerns at first were
to repair the current Canon products on the market and other Japanese cameras. Manager
Tomomasa Matsui the sales activities began to sell new products through newspaper
ads and other methods. They also placed their products in other stores, receiving
a commission off of each camera sold. In 1958 Canon gave up on selling their own
product and relied on Scopes Co., Ltd. to sell the cameras. By 1961 Canon Camera
formed a tie-
In 1973, now Canon Ltd. after a change in the 1960’s dissolved their ties to
Bell and Howell and moved to autonomous sales system for its products. Canon also
canceled their OEM calculator, which had been set up in 1968 as a way for Canon to
sell office equipment through a two-
In January of 1976 Canon announced a Premier Company Plan. After suffering a
major loss in the first half of 1975 (for the first time in Canon History they were
unable to pay shareholder dividends) Canon decided to come up with a plan to prevent
another such loss. President Takeo Maeda appealed to all employees that they should
never suffer such again, and that they would work hard to overcome all adverse conditions
in the future. The Plan was to achieve a high-
Canon implemented a plan that had been under consideration for some time in
1978, they made product-
In August of 1980, the Los Angeles Olympic committee announced that Canon USA
would become an official Olympic sponsor and that the Canon 35 mm would be the official
Olympic model. The announcement that a Japanese based company would be a first rate
sponsor created a stir, for Canon it was much more then just being a sponsor. Canon
worked with ABC to develop a 40x zoom lens for TV cameras. Canon also sent many of
its employees to help with technical support of their products. When the opening
ceremony occurred, eighteen of the twenty-
The following year, Canon celebrated its 50th anniversary, the company labeled
1988 as its “second foundation” and cited kyosei, or living and working together
for the common good as its corporate philosophy. At the beginning of 1988 yen stood
at 160 yen per U.S. dollar, by the end of the year it had strengthened to 122 yen.
In 1990 a committee to promote environmental assessment was established. This committee
was to support business ventures that her environmentally friendly. Canon made the
“EQCD Concepts”, a groundbreaking development for the company that set up “E” -
Between the years of 1970-
Fuji, Mitarai the vice president became Canon’s new president after the unexpected death of former president, Hajime Mitarai. Mitarai became president under difficult times for Canon; they were suffering from financial instability, prolonged domestic recession and major currency fluctuations due to the collapse of Japans “bubble” economy. He first set up the Excellent Global Corporation Plan, which called for Canon to become an “excellent company” worldwide by the year 2000. The plan replaced individual management targets and evaluations with management on a consolidate base, now managerial resources are used much more efficiently thanks to this plan. Canon also looked at unprofitable businesses again, streamlined operations and targeted “selectivity concentration” of managerial resources. Thanks to this plan Canon got back on its feet and by 1997 had sold over 100 million cameras.
In 1999 the National Astronomical observatory of Japan’s Ministry of Education
constructed a large-
Canons first digital camera EOS DCS 3, it was introduced to the world in July
of 1995. It shot at 1.3 mega-
At Canon Expo 2000, located in New York, Paris and Tokyo, Canon announced that
it planed on becoming the leading company in the network-
Work Cited
Canon Website
http://www.canon.com/about/history/index.html
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