Canon vs Nestlé: Founders, CEOs and History
Canon was founded in 1937 by Takeshi Mitarai, Goro Yoshida, Saburo Uchida and is led by Fujio Mitarai. Nestlé was founded in 1866 by Henri Nestlé, Charles Page, George Page and is led by Philipp Navratil.
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…
Nestlé
Henri Nestlé
Henri Nestlé (1814-1890) developed Farine Lactée in 1867, a milk-and-cereal infant food for babies who could not be breastfed. Its success gave the company his name and nest logo. He sold the business in 1875.
Charles Page
Charles Page (1838-1873) was an American diplomat who recognized the potential for producing high-quality condensed milk utilizing Switzerland's abundant fresh milk supply. In 1866, he co-founded the Anglo-Swiss Condensed Milk Company with his brother George.
George Page
George Page co-founded the Anglo-Swiss Condensed Milk Company in 1866 and led it as it grew in Europe, selling condensed milk under the Milkmaid brand. He died in 1899, before the 1905 merger with Nestlé.
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
Nestlé
- Peter Brabeck-Letmathe1997–2008
Chief Executive Officer
Under Brabeck-Letmathe Nestle expanded in pet care, ice cream and baby food and became more focused on nutrition and health. He became chairman in 2005 and stayed in that role until 2017.
Source - Paul Bulcke2008–2016
Chief Executive Officer
During his tenure Nestle grew its nutrition and health-science businesses and strengthened its position in emerging markets. He handed the chief executive role to Ulf Mark Schneider in 2017 and became chairman.
Source - Mark Schneider2017–2024
Chief Executive Officer
Under Schneider Nestle focused its portfolio on coffee, pet care, nutrition and health science, and sold water, skin-care and confectionery assets. The board replaced him in 2024 and Laurent Freixe took over.
Source - Laurent Freixe2024–2025
Former Chief Executive Officer
Served as CEO before the board appointed Philipp Navratil in September 2025.
Source - Philipp Navratil2025–present
Chief Executive Officer
Appointed CEO on September 1, 2025 and tasked with accelerating execution, efficiency, and the existing strategic direction.
Source
Timeline: Canon and Nestlé side by side
1866Nestlé
Nestlé and Anglo-Swiss Origins
Henri Nestlé develops infant nutrition products while Charles and George Page found Anglo-Swiss Condensed Milk Company.
1905Nestlé
Nestlé and Anglo-Swiss Merge
The merger creates the foundation of the modern Nestlé group.
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.
1938Nestlé
Nescafé Launches
Nestlé launches Nescafé, one of the company's defining global brands.
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.
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.
1985Nestlé
Acquired Carnation
Nestlé acquired Carnation. Expanded Nestlé in dairy, coffee creamers, and pet food.
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.
2001Nestlé
Ralston Purina Acquisition
Nestlé acquires Ralston Purina, transforming its pet care business.
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.
2007Nestlé
Acquired Gerber
Nestlé acquired Gerber.
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.
2018Canon
EOS R mirrorless system
Canon launches the full-frame EOS R mirrorless system and RF lens mount.
2018Nestlé
Starbucks Global Consumer Products License
Nestlé obtains rights to market Starbucks-branded consumer packaged goods and food-service products outside Starbucks stores.
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.
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).
2025Nestlé
Philipp Navratil Appointed CEO
Nestlé appoints Philipp Navratil CEO on September 1, 2025 following Laurent Freixe's departure.
2025Nestlé
Sales Reach CHF 89.5 Billion
Nestlé reports 2025 total sales of ~$107 billion (CHF 89.5 billion), net profit of ~$10.8 billion (CHF 9.0 billion), and UTOP margin of 16.1%.
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.
2026Nestlé
Peranel Waters Joint Venture Announced
Nestlé and Platinum Equity agree to create Peranel, a 50:50 joint venture for Nestlé's waters and premium beverages business.
Acquisitions
Canon
- Canon Electronics (minority shares)2026Undisclosed
- Redlen Technologies2021$335M
- BriefCam2018Undisclosed
- Kite2017Undisclosed
- Toshiba Medical Systems2016$5.9B
- Axis Communications2015$2.8B
Nestlé
- Starbucks consumer-products license2018$7.2B
- Gerber2007$5.5B
- Ralston Purina2001$10.3B
- Carnation1985$3B
Questions about Canon vs Nestlé
Who is the CEO of Canon Inc. and Nestlé S.A.?
Canon Inc. is led by Fujio Mitarai and Nestlé S.A. is led by Philipp Navratil. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Canon Inc. founded vs Nestlé S.A.?
Nestlé S.A. was founded in 1866 — 71 years before Canon Inc., which was founded in 1937. Nestlé S.A.'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 Nestlé S.A.?
Canon Inc. employs approximately 165,547 people, while Nestlé S.A. employs approximately 270,000. Nestlé S.A. has the larger workforce at 270,000 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 Nestlé S.A. headquartered?
Canon Inc. is headquartered in Japan and Nestlé S.A. is headquartered in Switzerland. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Canon Inc. and Nestlé S.A.?
Canon Inc. was founded by Takeshi Mitarai, Goro Yoshida, Saburo Uchida, Takeo Maeda. Nestlé S.A. was founded by Henri Nestlé, Charles Page, George Page.
Which company has a longer operating history — Canon Inc. or Nestlé S.A.?
Nestlé S.A. has been operating for approximately 160 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 Nestlé overview