Canon Inc (Canon) engaged in the development, manufacturing, and marketing of imaging and optical products. The company’s products are used in office equipment, healthcare, photography, and semiconductor manufacturing.

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Canon’s R&D initiatives focus on expanding its business domains and enhancing its technological capabilities. It emphasizes core competency management, intertwining core technologies, fundamental technologies, and value creation technologies to create new value through technology and innovation. The company has developed a high-performance material for perovskite solar cells, a compact terahertz device with the world's highest output, and has been actively involved in the development of advanced imaging and medical technologies. It also focuses on open innovation and alliances to link its technology with external knowledge and technology. The company’s R&D units include various global research centers and offices, such as Canon Research Centre France S.A.S. for network and communication technologies, Canon Medical Research Europe Ltd. for clinical decision support systems and AI automation, Canon Production Printing Netherlands B.V. for large format commercial printers, and several others. Canon operates several R&D centers globally, including locations in France, the U.K., the Netherlands, Denmark, Sweden, Israel, Japan, and the US. As of December 2024, the company was granted 2,329 patent applications in the US. The company engages in major technology alliances through open innovation and strategic research partnerships with institutions like Cleveland Clinic. In FY2024, the company incurred JPY337,348 million on R&D, which as a percentage of revenue, stood at 7.5%.