Wednesday, August 19, 2009

Hoya to Seek Digital Camera "Alliance"

See what Reuters report for an interview with Hoya's CEO yesterday:-


"Hoya's Pentax unit posted an operating loss of 11.6 billion yen ($122.3 million) in the year ended March 31, hit by restructuring costs and a sluggish digital camera market."

Yes, US$122.3 Million ($122,300,000), for just One Fiscal Year!

"I'm afraid it will need some sort of alliance with another company in the long term."

So, who will be that "alliance"? Will Hoya simply sell off Pentax to stop bleeding in the end?

"Hoya sold 2.3 million digital cameras last business year. That is less than a 10th of Canon Inc's (7751.T) sales of 25.6 million units in calendar 2008. "

"Hoya's revenues in the business year to next March are likely to exceed 400 billion yen, Suzuki said, compared with a consensus figure from analysts in a Reuters poll of 398 billion yen."

"Shortly after Suzuki's comments, shares in Hoya closed down 1 percent at 2,060 yen, underperforming the benchmark Nikkei average .N225, which gained 0.2 percent."

Related Posts

Creative Commons License
RiceHigh's Pentax Blog by RiceHigh is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.