Canon Eyes Possible Deals in Medical Devices and Chip Tools

Canon Inc. said it will explore acquisitions in lucrative arenas such as medical devices and chip tools in the coming years, while setting a lower dividend payout target of around 40%.

In a presentation detailing its new five-year plan, the maker of printers, cameras and lithography machines said it plans to invest ¥3 trillion ($19 billion) into bolstering its existing businesses while earmarking as much as ¥2 trillion in additional funds for deals, if needed.