A Brief History of Canon
"As with Nikon, Canon was formed as an optical company named, Seikikōgaku kenkyūsho or Precision Optical Industry Co. Ltd. Despite it’s grandiose name, Precision Optical was in reality a small street side workshop in Tokyo operated by Goro Yoshida. Yoshida was fascinated by the precision engineering of German cameras such as Leica and Contax but could not understand their exorbitant prices. He took to disassembling a Leica 35mm camera and on discovering that there was nothing inside to suggest that the price should be so high so he decided to engineer his own Leica copy. The prototype, Japan’s first home produced focal plane-shutter camera, was revealed in Asahi Camera Magazine in 1934. It was called Kwanon after the Buddhist Goddess of Mercy."
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