At the Board of Directors meeting held on May 31, 2017, Canon Inc. (the “Company”) resolved to acquire its own shares under Article 156, as applied pursuant to paragraph 3, Article 165, of the Corporation Law, as follows.

1. 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 acquired: Up to 14.0 million shares, equivalent to 1.3% of outstanding shares, excluding treasury stock
   3. Total cost of acquisition: Up to 50 billion yen
   4. Period of acquisition: From June 1, 2017 to July 14, 2017