Canon to buy back up to 50 billion yen worth own shares
Canon Inc said on Monday it plans to buy back up to 50 billion yen worth of its own shares, or up to 1.8 percent, between July 31 and September 10.
Canon Inc will spend about 25 billion yen to streamline its design and product data systems in the company in 2010 and expects savings of more than 100 billion yen over three years, the Nikkei business daily reported.