Canon vs Hitachi: Founders, CEOs and History
Canon was founded in 1937 by Takeshi Mitarai, Goro Yoshida, Saburo Uchida and is led by Fujio Mitarai. Hitachi was founded in 1910 by Namihei Odaira and is led by Toshiaki Tokunaga.
Company facts
Founders
Canon
Takeshi Mitarai
Takeshi Mitarai supported the camera laboratory that Goro Yoshida, Saburo Uchida and Takeo Maeda opened in 1933, and became president of its successor, Precision Optical Industry, Co., Ltd., in 1942.
Goro Yoshida
Yoshida took apart a Leica Model II and, as he later recalled, was angered to find it was built from brass, aluminium, iron and rubber yet sold for 420 yen.
Saburo Uchida
Saburo Uchida (1899-1982) co-founded the Precision Optical Instruments Laboratory with Goro Yoshida, his brother-in-law, and Takeo Maeda in November 1933.
Takeo Maeda
Takeo Maeda (1909-1977) was the youngest of the founding group. A former subordinate of Saburo Uchida, he joined Uchida and Goro Yoshida in opening the Precision Optical Instruments Laboratory in Roppongi in November 1933 and worked on the Kwanon prototype and…
Hitachi
Namihei Odaira
Hitachi possesses a historic, foundational founding story, rooted in the industrialization of early 20th-century Japan and driven by a nationalist obsession with technological independence.
CEOs and their tenures
Canon
- Takeshi Mitarai1942–1974
President
An obstetrician who backed the 1933 camera laboratory, he became president of Precision Optical Industry in 1942 and led the company as it became Canon Camera Co. in 1947, listed in Tokyo in 1949 and opened sales offices in New York and Geneva in the 1950s.
Source - Ryuzaburo Kaku1977–1989
President, later Chairman
As President, he aggressively challenged Xerox's monopoly in the copier market by introducing affordable, personal laser printers and copiers.
Source - Fujio Mitarai1995–present
Chairman and Chief Executive Officer
Born in 1935 and a nephew of Takeshi Mitarai, he joined Canon in 1961, ran Canon U.S.A. as president from 1979 to 1989 and became president of Canon Inc. in 1995.
Source - Tsuneji Uchida2006–2012
President and Chief Operating Officer
During his tenure as President, he maintained strong profitability through strict cost-cutting measures despite the brutal collapse of the digital compact camera market.
Source - Masaya Maeda2016–2020
President and Chief Operating Officer
He led the Image Communication Products group during the height of the DSLR era, cementing Canon's position as the global market leader in interchangeable lens cameras.
Source - Kazuto Ogawa2026–present
President and Chief Operating Officer
Joined Canon in 1981 and led Canon Singapore (2005), Canon Canada (2008) and Canon U.S.A. as President and COO (2018).
Source
Hitachi
- Toshiaki Higashihara2016–2022
Former President and Chief Executive Officer
Shifted Hitachi from a sprawling conglomerate toward infrastructure and digital businesses.
Source - Keiji Kojima2022–2025
Executive Chairman (CEO 2022-2025)
Finished much of the portfolio cleanup and handed over a more focused group to Tokunaga.
Source - Toshiaki Tokunaga2025–present
President and Chief Executive Officer
Brings an energy and rail background to the top job as Hitachi Energy and Hitachi Rail drive more of the group's growth.
Source
Timeline: Canon and Hitachi side by side
1910Hitachi
Founding and First Induction Motor
Namihei Odaira establishes the machinery repair shop that becomes Hitachi, and develops Japan's first 5-horsepower induction motor, establishing the foundation for the company's dominance in electrical engineering.
1932Hitachi
Expansion into Railway Technology
Hitachi begins manufacturing electric locomotives and rail signaling systems, establishing a deep, institutionalized relationship with the Japanese national railway network that would evolve into the modern Hitachi Rail division.
1933Canon
Precision Optical Instruments Laboratory opens
Goro Yoshida, Saburo Uchida and Takeo Maeda open a camera laboratory in a Roppongi apartment in Tokyo to build a Japanese 35mm camera that could rival the Leica.
1934Canon
Kwanon prototype
Yoshida builds the Kwanon, Japan's first 35mm focal-plane-shutter camera prototype, named after the Buddhist goddess of mercy. It never goes on sale.
1936Canon
Hansa Canon goes on sale
The lab's first commercial camera, the Hansa Canon, uses a Nikkor lens and rangefinder supplied by Nippon Kogaku, the predecessor of Nikon. The 'Canon' trademark had been filed in 1935.
1937Canon
Precision Optical Industry incorporated
The business is incorporated on August 10, 1937 as Precision Optical Industry, Co., Ltd. Takeshi Mitarai becomes president in 1942.
1949Canon
Tokyo Stock Exchange listing
Canon Camera Co. (renamed in 1947) lists on the Tokyo Stock Exchange when postwar trading resumes, and opens a New York branch in 1955.
1959Hitachi
Entry into Computing and Electronics
Hitachi develops its first electronic computer, the HITAC, marking the company's strategic entry into the information technology sector and laying the groundwork for its future digital systems business.
1964Canon
Canola 130 calculator
Canon moves beyond cameras with the Canola 130 desktop electronic calculator, followed in 1970 by Japan's first plain-paper copier, the NP-1100, and its first semiconductor lithography tool, the PPC-1.
1969Canon
Renamed Canon Inc.
Canon Camera Co. changes its name to Canon Inc. to reflect a product range that now spans business machines as well as cameras.
1987Canon
EOS system launches
Canon launches the EOS 650 and the all-electronic EF lens mount, the base of its autofocus SLR and later digital SLR lines.
1995Canon
Fujio Mitarai becomes president
Fujio Mitarai takes over as president, exits personal computers and other loss-making lines, and in 1996 starts the Excellent Global Corporation Plan.
2003Canon
Start of No. 1 camera share run
Canon takes the No. 1 share of the global interchangeable-lens digital camera market, a position it has held every year through 2025.
2016Canon
Toshiba Medical acquisition
Canon completes the ¥665.5 billion (about $5.9 billion) purchase of Toshiba Medical Systems in December 2016, later renamed Canon Medical Systems.
2016Hitachi
Toshiaki Higashihara becomes CEO
Toshiaki Higashihara became CEO of Hitachi in 2016. Shifted Hitachi from a sprawling conglomerate toward infrastructure and digital businesses.
2018Canon
EOS R mirrorless system
Canon launches the full-frame EOS R mirrorless system and RF lens mount.
2020Hitachi
Acquisition of ABB's Power Grids Business
Hitachi executes the $11 billion acquisition of ABB's Power Grids business, renaming it Hitachi Energy and instantly establishing the company as the global leader in HVDC transmission and grid infrastructure.
2021Hitachi
Acquisition of GlobalLogic
The company acquires the global digital engineering firm GlobalLogic for $9.6 billion, instantly establishing Hitachi as a top-tier provider of advanced software and product design services for the automotive and telecommunications sectors.
2022Hitachi
Hitachi Construction Machinery Stake Sale
Hitachi sold a controlling stake in Hitachi Construction Machinery to Itochu and Japan Industrial Partners, part of its exit from cyclical listed subsidiaries.
2023Canon
Nanoimprint lithography launch
Canon releases the FPA-1200NZ2C nanoimprint lithography system in October 2023, able to pattern 14 nm lines, and delists its ADRs from the New York Stock Exchange in March.
2024Canon
First NIL shipment and medical impairment
Canon ships its first nanoimprint system to the Texas Institute for Electronics on September 26, 2024, and books a ~$1.11 billion (¥165.1 billion) goodwill impairment on its medical business for the year.
2024Hitachi
Acquired Thales Ground Transportation Systems
Hitachi acquired Thales Ground Transportation Systems. Hitachi Rail completed its ~$1.88 billion (EUR 1.66 billion) acquisition of Thales's Ground Transportation Systems business, its rail signalling division, expanding Hitachi Rail to 51 countries and shiftin…
2025Canon
Record net sales of ~$31 billion (¥4,624.7 billion)
Canon reports record 2025 net sales of ~$31 billion (¥4,624.7 billion) and net income attributable to Canon Inc. of ~$2.23 billion (¥332.1 billion).
2025Hitachi
Toshiaki Tokunaga Becomes CEO
Toshiaki Tokunaga became President and CEO on April 1, 2025, succeeding Keiji Kojima, who became Executive Chairman.
2026Canon
Phase VII plan and new president
Canon unveils its 2026-2030 Phase VII plan, merges Canon Medical's operations into Canon Inc. on April 1, and appoints Kazuto Ogawa President and COO on March 27 while Fujio Mitarai stays Chairman and CEO.
2026Hitachi
Record Results and Home Appliance Sale
Hitachi reported record FY2025 profit in April 2026 and agreed to sell 80.1% of its home appliance business to Nojima for about $737 million (¥110 billion).
Acquisitions
Canon
- Canon Electronics (minority shares)2026Undisclosed
- Redlen Technologies2021$335M
- BriefCam2018Undisclosed
- Kite2017Undisclosed
- Toshiba Medical Systems2016$5.9B
- Axis Communications2015$2.8B
Hitachi
- Thales Ground Transportation Systems2024Undisclosed
- GlobalLogic2021Undisclosed
- ABB Power Grids2020Undisclosed
Questions about Canon vs Hitachi
Who is the CEO of Canon Inc. and Hitachi, Ltd.?
Canon Inc. is led by Fujio Mitarai and Hitachi, Ltd. is led by Toshiaki Tokunaga. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Canon Inc. founded vs Hitachi, Ltd.?
Hitachi, Ltd. was founded in 1910 — 27 years before Canon Inc., which was founded in 1937. Hitachi, Ltd.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Canon Inc..
How many employees does Canon Inc. have compared to Hitachi, Ltd.?
Canon Inc. employs approximately 165,547 people, while Hitachi, Ltd. employs approximately 287,901. Hitachi, Ltd. has the larger workforce at 287,901 employees, compared to Canon Inc.'s 165,547. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Canon Inc. and Hitachi, Ltd. headquartered?
Both Canon Inc. and Hitachi, Ltd. are headquartered in Japan, meaning they operate under the same primary regulatory and tax environment.
Who founded Canon Inc. and Hitachi, Ltd.?
Canon Inc. was founded by Takeshi Mitarai, Goro Yoshida, Saburo Uchida, Takeo Maeda. Hitachi, Ltd. was founded by Namihei Odaira.
Which company has a longer operating history — Canon Inc. or Hitachi, Ltd.?
Hitachi, Ltd. has been operating for approximately 116 years, making it the more established of the two companies. Canon Inc. has been in operation for around 89 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Canon vs Hitachi overview