Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
Canon Medical Systems Corporation is a medical equipment company based in Ōtawara, Tochigi, Japan. Formerly known as Toshiba Medical, a subsidiary of Toshiba, the company was an early pioneer on X-ray tubes in 1914 in Japan. Canon Medical Systems feature product such as MRI and helical CT.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackReceived revenues in Russia in 2021-2022 ("ARPI CANON MEDICAL SYSTEMS" LLC).
Canon Medical Systems had a joint venture production facility in development with Russia’s R-Pharm. Despite the company not being under sanctions, Canon stopped supplying the joint venture without explanation or announcement. Canon too could not bear the cost of getting export licenses. It is likely that Canon wanted to escape the bad publicity of pulling medical equipment out of Russia and harming ordinary people.