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
|
The Nikon Z7 is slated as a mirrorless equivalent to the D850, but it can't subject track with the same reliability as its DSLR counterpart. AF performance is otherwise good, except in low light where hunting can lead to missed shots.
Nikon's Coolpix P1000 has moved the zoom needle from 'absurd' to 'ludicrous,' with an equivalent focal length of 24-3000mm. So far, it's a fun camera to shoot with – if a bit over the top.
The Canon EOS R is the first full frame mirrorless camera to use the new RF mount. We're well underway putting it through our range of standard tests – take a look at how it compares to the competition and our thoughts on using it so far.
The GFX 50R is a 50MP rangefinder-style mirrorless camera. It borrows heavily from the existing 50S model but in a smaller body and at a lower price. How does it differ?
The Everyday Sling might just be the perfect pack for not carrying too much gear, combining comfort with Peak Design's signature modern style.
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