Canon : to Acquire Own Shares

May 17, 2023

Canon Inc.

Chairman & CEO: Fujio Mitarai

Securities code: 7751

Tokyo (Prime Market) and other Stock Exchanges

Inquiries: Sachiho Tanino General Manager Consolidated Accounting Div. Finance & Accounting Headquarters [phone]

Canon Inc. to Acquire Own Shares

(Under the provisions of its Articles of Incorporation

pursuant to paragraph 2, Article 165 of the Corporation Law of Japan)

Canon Inc. (the "Company") passed a Board of Directors' resolution on May 17, 2023, regarding the acquisition of its own shares under Article 156, as applied pursuant to paragraph 3, Article 165, of the Corporation Law, as follows.

1. Purpose of acquisition of own shares
   The Company decided to acquire its own shares with the aim of improving capital efficiency and ensuring a flexible capital strategy that provides for such future transactions as share exchanges.
2. Details of acquisition

1) Type of shares to be acquired:	Shares of common stock
2)	Total number of shares to be	Up to 18 million shares
	acquired:	(Equivalent to 1.8% of issued shares (Excluding
		treasury stock))
3)	Total cost of acquisition:	Up to 50 billion yen
4) Period of acquisition:	From May 18, 2023 to August 1, 2023
(Reference) Possession of treasury stock as of May 16, 2023
Number of issued shares (Excluding treasury stock)	1,015,537,407 shares
Number of treasury stock		318,226,057 shares