Toshiba to Change Name to Canon in January

Toshiba Medical Systems Corporation (Otawara, Tochigi Prefecture, Japan) will change its company name to Canon Medical Systems Corporation on January 4, 2018. The decision by Toshiba Medical to change the company’s name comes after it officially became a subsidiary of Canon Inc. (Tokyo, Japan) in December 2016.

After leaving the Toshiba Group and joining the Canon group, Toshiba Medical Systems has been undertaking the procedures for obtaining regulatory approval for integration with Canon and change of the company name under the relevant national or regional laws concerning pharmaceuticals and medical devices. Since it is now close to completing these procedures, the company has announced that its name will be changed to Canon Medical Systems Corporation on January 4, 2018.

Toshiba Medical has a broad portfolio of medical imaging products, including diagnostic X-ray systems, X-ray computed tomography (CT) systems, magnetic resonance imaging (MRI) systems, diagnostic ultrasound systems, and diagnostic nuclear medicine systems. The company also offers medical imaging solutions and in-vitro diagnostics for individualized care.

Canon, which currently produces equipment such as digital X-ray imaging systems and OCT ophthalmic devices, aims to leverage Toshiba Medical’s core strength in imaging diagnostics, further reinforce its operational strength in the in-vitro diagnostics business and next-generation medical IT through M&A and other strategic investment, in order to strengthen its own biomedical business.

Toshiba Medical has reiterated its commitment to continue strengthening and expanding the healthcare business, which is strategically important to Canon, while contributing to healthcare worldwide.