Canon Inc. (“ Canon ”) is moving forward with a global restructuring aimed at further strengthening the high -growth medical business , aiming to further develop the business by integrating Japanese medical business distribution channels into Canon Medical Systems Corporation (“ Canon Medical ”). Specifically, Canon Medical and Canon Marketing Japan Inc. (“ Canon MJ ”) signed a Basic Agreement today under which Canon Medical will acquire all shares on January 1, 2020 , of Canon Lifecare Solutions Inc. (“ Canon LCS ”), a subsidiary of Canon M J. Canon is working on major strategic changes aimed at new growth , transforming its portfolio to be center ed on new businesses. Canon is moving forward with business restructuring globally, centered around Canon Medical, which entered the Canon Group in 2016, to further develop the medical business, one of Canon ’s new businesses. This acquisition of Canon LCS as a subsidiary by Canon Medical is part of the restructuring of the medical business. In the future, Canon Medical will offer sales of med ical equipment and near -clinical medical IT solutions , and under Canon Medical, Canon LCS will conduct business in the medical systems field , centered around medical image diagnostic equipment, and healthcare -related fields . Canon MJ will also offer in -hospital operational IT solutions through its subsidiary , Canon ITS Medical Inc. By making use of each company ’s strengths, sharing work and cooperating to offer services focused on efficient operational support for an entire hospital , the entire Canon Group will strengthen and expand the medical business.