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Canon completes acquisition of Redlen Technologies

Canon completes acquisition of Redlen Technologies

Canon Inc. announced that on 7 September 2021, it reached an agreement with Redlen Technologies Inc. to make Redlen a wholly owned subsidiary. The share transfer was completed on 28 September 2021, thus formally establishing Redlen as a wholly owned subsidiary of...
Canon sees sales growth in second quarter

Canon sees sales growth in second quarter

The OEM has released its second quarter 2021 results, recording a year-on-year sales increase of 31% in the reporting period. Overall Canon Inc. recorded net sales of ¥881.9 billion ($8.02 billion/ €6.79 billion) which the company said has exceeded its plan by...
Canon revises results forecast for FY 2021

Canon revises results forecast for FY 2021

The OEM has announced a revision to its consolidated results forecast for the fiscal year ending 31 December 2021. Canon said that in the second quarter of 2021, as was the case in the first quarter, sales of inkjet printers, which continue to be in high demand due to...