For Immediate Release Contact email@example.com
January 30, 2017
Otawara, Tochigi, Jan. 30, 2017 – Toshiba Medical Systems Corporation (Toshiba Medical; headquarters: Otawara, Tochigi Prefecture, Japan; President: Toshio Takiguchi) has decided on a new company name, “Canon Medical Systems Corporation”. The new company name will be officially introduced around the beginning of 2018 after regulatory procedures with the pharmaceutical and medical equipment authorities of each country regarding the name change are completed.
Toshiba Medical was established with capital provided by Tokyo Denki (Tokyo Electric Company, one of the companies that merged to form Toshiba Corporation) in 1930, and expanded its business globally, focusing on diagnostic imaging systems including X-ray, CT, MRI, and ultrasound. Toshiba Medical has the No. 1 market share in Japan and provides high-quality, reliable medical equipment and services to over 140 countries worldwide.
Toshiba Medical became independent of the Toshiba Group in March 2016, and decided to change the company name after officially becoming a subsidiary of Canon Inc. in December 2016.
As in the past, Toshiba Medical will continue to strengthen and expand the healthcare business, which is strategically important to Canon. Toshiba Medical will remain committed to contributing to healthcare worldwide under its management slogan “Made for Life”, while aiming to expand and achieve continued growth.