Notice regarding the closure of Canon subsidiary CiSRA

8th March 2019

TOKYO and SYDNEY, March 8, 2019 - Canon Inc. and Canon Australia Pty. Ltd. announced today the closure of consolidated subsidiary Canon Information Systems Research Australia Pty. Ltd. (“CiSRA”).

Since its establishment in 1990 against the backdrop of growing digitalization needs, CiSRA has been carrying out research and development for digital imaging technology and related applications and solutions for Canon products. However, in the face of such changes in the business environment as maturing markets and the rapidly accelerating pace of technological innovation, Canon has determined that CiSRA has fulfilled its original purpose. As a result, all development-related CiSRA operations will be concluded by mid-April, after which Canon will begin procedures for the company’s closure.

CiSRA Overview

Name

Canon Information Systems Research Australia Pty. Ltd.

Location

Sydney, Australia

Managing Director

Keiji Ishizuka

Scope of business

Digital imaging technology, related applications & solutions

Capital stock

AU$2,000,000

Established

May, 1990

Shareholder composition

Canon: 51%
Canon Australia: 49%

For media enquiries please contact:
 
 
Kylie Church

Corporate Communications
Canon Australia
Tel: 02 98052769
Email: kylie.church@canon.com.au

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