Pentax to sell land, facility HQ in Tokyo
The Yomiuri Shimbun
Pentax Corp. plans to sell the land and buildings of its
headquarters in Tokyo after transferring most of its functions to
offices in Saitama and Tochigi prefectures, and spend the 12
billion yen it stands to gain on strengthening its finances,
according to the firm's management plan obtained by The Yomiuri
Shimbun on Thursday.
The camera maker intends to focus on camera, medical equipment and
optical component business fields, while withdrawing from
unprofitable fields such as making printers, according to the plan.
Pentax plans to increase its operating profits from the 6 billion
yen estimated for the business year ending in March 2007 to about
10 billion yen over three years. The firm will officially announce
the plan Friday.
Pentax is reluctant to accept a takeover bid by glass maker Hoya
Corp. and will attempt to seek survival on its own with the
management plan. The firm will sell the 10,000 square meters of
land it owns in Itabashi Ward and its headquarters building and a
research facility located there.
The research facility will be sold to a major real estate company
within this fiscal year. Most of the firm's research division
personnel and functions will be transferred to its office in
Mashikomachi, Tochigi Prefecture. The company will invite bids for
the land within the next three years, according to the plan.
Regarding business operations, the firm will withdraw from
unprofitable fields such as manufacturing printers and measurement
equipment. A medical research facility in Saitama Prefecture will
be dismantled, and some affiliated sales companies in the United
States will be sold.
The firm does not plan any layoffs. Instead, it will put most of
its staff and funds into the three main businesses, according to
the plan.
(May. 11, 2007)
http://www.yomiuri.co.jp/dy/business/20070511TDY08005.htm