The company was originally named Precision Optical Industry Co. Ltd. Founded by Takeshi Mitarai in Japan. In the year of 1934 it produced the Kwanon, a prototype for Japan’s first-ever 35 mm camera with a focal-plane-based shutter. In 1947 the company name was changed to Canon Camera Co. Inc., shortened to Canon Inc. in 1969. The name Canon comes from Buddhist bodhisattva Guan Yin (Kannon in Japanese), previously converted as Kuanyin, Kwannon, or Kwanon in English.
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