Konica Minolta to liquidate Canadian unit
Published Sep 7, 2005
|
dpreview staff
Konica Minolta has decided to liquidate a wholly-owned Canadian unit that sells digital cameras because of stiffer competition. The Japanese company says the closure will not affect its forecast for the financial year end in March 2006. The Canadian unit is valued at around CA$5.66m (US$4.76m). Konica Minolta said that it will seek partners who can distribute its cameras in Canada.
Press Release:
Japan's Konica Minolta to liquidate Canadian unit; sees no financial impact
TOKYO (AFX) - Konica Minolta Holdings Inc said it has decided to liquidate a wholly-owned Canadian unit that sells digital cameras because of stiffer competition.
Konica Minolta Holdings, which makes office equipment and digital cameras, said the winding-up will not affect its forecasts for the year to March 2006.
In August, the company forecast a full-year net profit of 23 bln yen and current profit of 80 bln yen on revenue of ¥1.13 tn.
The Canadian unit, Konica Minolta Photo Imaging Canada Inc, capitalized at CA$5.66 mn, will be liquidated at a yet-to-be decided date, subject to regulatory procedures.
Konica Minolta Holdings said that it will seek partners that can distribute its digital cameras in Canada. It did not elaborate.
|
|
|
|
|
Jan 19, 2006
|
Nov 22, 2005
|
Oct 11, 2005
|
Oct 3, 2005
|
App-based remote triggers are a fun and effective way to unlock even more creative potential from your camera. Here's a closer look at two popular brands.
Unlike most 360 cameras, the GoPro Fusion is designed to create both spherical and standard HD videos. If action/adventure is your game and your workflow is geared towards mobile and web, the Fusion may be the camera you’re looking for.
The Hasselblad X1D-50c is a mirrorless medium format camera from one of the most famous camera brands of the 20th century. Following a series of feature-enhancing firmware updates we've been able to complete our review.
The LG G7 ThinQ is a flagship device with a dual camera that departs from the norm: rather than the usual tele/wide combo, it offers wide and super-wide angle lenses. While it doesn't produce class-leading image quality, it's a solid option if you favor wide-angle shooting.
The Wandrd Prvke (pronounced 'provoke') is one of the best-looking and most functional camera backpacks on the market.
The instant camera market is heating up, and with four formats and 15+ cameras to choose from, we felt it was high time to examine them all and pick our favorite.
Whether you're hitting the beach in the Northern Hemisphere or the ski slopes in the Southern, a rugged compact camera makes a great companion. In this buying guide we've taken a look at seven current models and chosen our favorites.
What's the best camera for a parent? The best cameras for shooting kids and family must have fast autofocus, good low-light image quality and great video. In this buying guide we've rounded-up several great cameras for parents, and recommended the best.
What's the best camera for shooting landscapes? High resolution, weather-sealed bodies and wide dynamic range are all important. In this buying guide we've rounded-up several great cameras for shooting landscapes, and recommended the best.
What’s the best camera costing over $2000? The best high-end camera costing more than $2000 should have plenty of resolution, exceptional build quality, good 4K video capture and top-notch autofocus for advanced and professional users. In this buying guide we’ve rounded up all the current interchangeable lens cameras costing over $2000 and recommended the best.
Comments