January 28, 2020

Canon Inc.

Chairman & CEO: Fujio Mitarai

Securities code: 7751

Tokyo (First section) and other Stock Exchanges

Inquiries: Sachiho Tanino General Manager Consolidated Accounting Div. Finance & Accounting Headquarters +81-3-3758-2111

Notice Regarding Change of Certified Public Accountant

Canon Inc. (the "Company") gives notice that its Audit and Supervisory Board, at a meeting held on January 28, 2020, has resolved to change the Company's certified public accountant or auditing firm that conducts an audit certification under the provisions of Article 193-2, paragraph 1 and 2 of the Financial Instruments and Exchange Act.

  1. Scheduled date of change
    The date of the 119th Ordinary General Meeting of Shareholders
  2. Overview of incoming and outgoing certified public accountant or auditing firm
    1. Overview of incoming certified public accountant or auditing firm

(i)

Name

Deloitte Touche Tohmatsu LLC

(ii)

Address

Marunouchi Nijubashi Building, 3-2-3,

Marunouchi, Chiyoda-ku, Tokyo

(iii)

Designated limited

Masayuki Yamada

liability partners

Teruhisa Tamai

Kenichi Takai

Susumu Nakamura

  1. Status under registration system for listed

company audit firms of

Registered

Japanese Institute of

Certified Public

Accountants

(2) Overview of outgoing certified public accountant or auditing firm

(v)

Name

Ernst & Young ShinNihon LLC

(vi)

Address

Hibiya Mitsui Tower, Tokyo Midtown Hibiya,

1-1-2, Yurakucho, Chiyoda-ku, Tokyo

(vii)

Designated limited

Yoshihiko Nakatani

liability partners

Ryo Kayama

Ken Sudo

Minoru Ota

  1. Reason for selecting Deloitte Touche Thomatsu LLC
    After considering Ernst & Young ShinNihon LLC's consecutive years of service to the Company and comprehensively reviewing Deloitte Touche Tohmatsu LLC's independence, expertise, their quality management structure and global auditing structure, the Company's Audit and Supervisory Board has resolved to appoint Deloitte Touche Tohmatsu LLC as the Company's certified public accountant or auditing firm, having concluded that the firm upholds a system for robust auditing and can offer new perspectives on the Company's audit.
  2. Date of original appointment of outgoing certified public accountant or auditing firm March 30, 1978
  3. Opinions on audit reports and other documents prepared by outgoing certified public accountant or auditing firm over past three years
    Not applicable
  4. Reason for change
    The audit term of Ernst & Young ShinNihon LLC will expire upon the conclusion of the 119th Ordinary General Meeting of Shareholders. The Company's Audit and Supervisory Board has conducted a comparative assessment of several candidate firms from 2016 from the perspective of qualifications and independence, following the introduction of an auditor rotation system in other countries. In addition, the Company's Audit and Supervisory Board has determined to receive a proposal from several candidate firms periodically. For the reasons stated in 3 above, the Company's Audit and Supervisory Board has resolved to appoint Deloitte Touche Tohmatsu LLC as the Company's new certified public accountant or auditing firm.
  5. Opinion for reasons and circumstances described in 6 above
    1. Opinion of outgoing certified public accountant or auditing firm
      The Company received a statement that there are no particular opinions in this regard.
    2. Opinion of the Company's Audit and Supervisory Board
      The Company's Audit and Supervisory Board considers the change in the Company's certified public accountant or auditing firm to Deloitte Touche Tohmatsu LLC appropriate.

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Canon Inc. published this content on 28 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2020 07:09:01 UTC