Like me living in the past when I said Hoya hadn't taken over Pentax
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Pentax to sell Tokyo HQ, Discontinues 645D Development
- Thread starter HerbChong
- Start date
http://forums.dpreview.com/forums/read.asp?forum=1036&message=22389233
Thom Hogan
Forum Pro
Nikon's numbers can be easily calculated from their financial reports. What always surprises me is just how variable Nikon is quarter-to-quarter in unit volume of DSLRs. I think this has something to do with juggling production schedules, mostly in Thailand.
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Thom Hogan
editor, Nikon DSLR Report
author, Complete Guides: D50, D70s, D80, D100, D200, D1 series, D2 series
http://www.bythom.com
Hmm.... what's your point?
Why does Microsoft, being one of the biggest corporation in the world, need to turn to IBM for the CPU, and ATI for the graphics chips for its XBox 360? Why doesn't Microsoft design everything in house?
Same reason.
digital_ray_of_light
Veteran Member
Interesting! Is this common with the other manufacturers as well? I don't know what happens in production facilities...
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Robert Chow
Senior Member
Hmm, I would expect them to be seasonal. Lot's of consumer goods manufacturers have a seasonal hump up for Christmas sales. Not sure what you mean by variable. Perhaps, it can be traced back to new product introductions.
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rc
Thom Hogan
Forum Pro
Seasonal and model changes only seem to explain some of Nikon's fluctuations.
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Thom Hogan
editor, Nikon DSLR Report
author, Complete Guides: D50, D70s, D80, D100, D200, D1 series, D2 series
http://www.bythom.com
http://www.bloomberg.com/apps/news?pid=20601080&sid=aaZm1pFx_aHM&refer=asia
" ''There's no evidence that this plan can be achieved,' Shoichi Miyasaka, president and chief executive of Sparx Capital Partners Co., a unit of Pentax's largest shareholder, said today in an interview in Tokyo. ''We saw no reason for them to reject a merger with Hoya. They haven't addressed how they expect to stably expand five to 10 years from now.'
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360 minutes from the prime meridian. (-5375min, 3.55sec) 1093' above sea level.
'The exposure meter is calibrated to some clearly defined standards and the user needs to adjust his working method and his subject matter to these values. It does not help to suppose all kinds of assumptions that do not exist.'
Erwin Puts
" ''There's no evidence that this plan can be achieved,' Shoichi Miyasaka, president and chief executive of Sparx Capital Partners Co., a unit of Pentax's largest shareholder, said today in an interview in Tokyo. ''We saw no reason for them to reject a merger with Hoya. They haven't addressed how they expect to stably expand five to 10 years from now.'
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360 minutes from the prime meridian. (-5375min, 3.55sec) 1093' above sea level.
'The exposure meter is calibrated to some clearly defined standards and the user needs to adjust his working method and his subject matter to these values. It does not help to suppose all kinds of assumptions that do not exist.'
Erwin Puts
Pentax management's plan of cost cutting and focusing on earnings might or might not work.
What SPARX obviously wants is an attractive offer by someone to take over their shares. An offer at least as attractive as Hoya's.
which is the funny thing, to reiterate, SPARX was for a share swap which would have left them just holding HOYA stock, so SPARX really is not in any way concerend w/ Pentax as a company, only in boosting their own business. TThere minor holding in HOYA would probably be sold off. The tender offer just made them more aggressive because it increased their profits. The best thing to happen would be for HOYA to just drop its tender offer, screwing SPARX, allowing them to "dump" their shares, thus driving the price down, and keeping Pentax on friendly terms to re-integrate at a later date. Wishful thinking. Anyways HOYA can wait. More propaganda on the way.......
http://www.yomiuri.co.jp/dy/business/20070514TDY08005.htm
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360 minutes from the prime meridian. (-5375min, 3.55sec) 1093' above sea level.
'The exposure meter is calibrated to some clearly defined standards and the user needs to adjust his working method and his subject matter to these values. It does not help to suppose all kinds of assumptions that do not exist.'
Erwin Puts
http://www.yomiuri.co.jp/dy/business/20070514TDY08005.htm
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360 minutes from the prime meridian. (-5375min, 3.55sec) 1093' above sea level.
'The exposure meter is calibrated to some clearly defined standards and the user needs to adjust his working method and his subject matter to these values. It does not help to suppose all kinds of assumptions that do not exist.'
Erwin Puts
Quite a nice read here, a lot of finer detail.
Yomiuri Shimbun Staff Writer
Pentax Corp.'s survival plan, which the camera maker unveiled Friday, has received a cool reception as it was deemed unlikely to lead to an increase in its corporate value to head off a takeover bid from Hoya Corp.
At a press conference in Tokyo, Pentax President Takashi Watanuki said his company would try to steadily increase profits by taking into account lessons learned from previous expansion.
Because many employees are already shocked and angered by the rumors swirling around the company, Pentax is unlikely to be able to announce the sale for the time being, according to one executive.
Pentax's reticence in announcing which unprofitable businesses are slated for closure indicates consideration toward its clients.
The company's consolidated business results for the year ending in March, announced at 1:30 p.m. Friday, were its highest after-tax profits in 26 years.
Pentax announced its business improvement plan at 3:30 p.m., after the stock market closed, but its stock price fell by 8 yen to 761 yen from the previous day's closing price, as advance media reports said the plan lacked concrete improvement measures.
As such, the good business results failed to encourage players to buy its shares.
Negotiations crucial
An executive at Sparx Group Corp., which backs Hoya Corp.'s plan to merge with Pentax, said because Pentax's plan lacks new steps, there were no reasonable grounds to believe its goals could be attained.
"It'd be better for Pentax to integrate with Hoya," he said.
If the agreement is not relaxed by the end of this month, it will be difficult for Pentax to find a company capable of offering better integration conditions than Hoya, and ask its major shareholders to accept the new partner.
(May. 14, 2007)
http://www.yomiuri.co.jp/dy/business/20070514TDY08005.htm
Yoshihisa Mizukami,
Yomiuri Shimbun Staff Writer
Pentax Corp.'s survival plan, which the camera maker unveiled Friday, has received a cool reception as it was deemed unlikely to lead to an increase in its corporate value to head off a takeover bid from Hoya Corp.
Sparx Group Corp., a major Pentax shareholder, is likely to continue asking Pentax to come up with steps to increase its corporate value to rival that of the proposed integration with Hoya. As such, Pentax executives likely will have to make difficult decisions in the run-up to the general shareholders meeting on June 22.
At a press conference in Tokyo, Pentax President Takashi Watanuki said his company would try to steadily increase profits by taking into account lessons learned from previous expansion.
If the head office is sold, many employees will have to move to Ogawamachi, Saitama Prefecture, and Mashikomachi, Tochigi Prefecture.
Because many employees are already shocked and angered by the rumors swirling around the company, Pentax is unlikely to be able to announce the sale for the time being, according to one executive.
Pentax's reticence in announcing which unprofitable businesses are slated for closure indicates consideration toward its clients.
The company's consolidated business results for the year ending in March, announced at 1:30 p.m. Friday, were its highest after-tax profits in 26 years.
Pentax announced its business improvement plan at 3:30 p.m., after the stock market closed, but its stock price fell by 8 yen to 761 yen from the previous day's closing price, as advance media reports said the plan lacked concrete improvement measures.
As such, the good business results failed to encourage players to buy its shares.
Against this backdrop, the market is unlikely to change its assessment of Pentax's plan this week.
Negotiations crucial
An executive at Sparx Group Corp., which backs Hoya Corp.'s plan to merge with Pentax, said because Pentax's plan lacks new steps, there were no reasonable grounds to believe its goals could be attained.
Hoya Chief Executive Officer Hiroshi Suzuki told reporters in Tokyo on Friday that the business improvement plan contained ideas similar to those discussed by the two companies' integration committee.
"It'd be better for Pentax to integrate with Hoya," he said.
In the negotiations, Watanuki is expected to seek a relaxation of a basic agreement that prohibits Pentax from talking with other companies, but Hoya is not likely to comply with such a request.
If the agreement is not relaxed by the end of this month, it will be difficult for Pentax to find a company capable of offering better integration conditions than Hoya, and ask its major shareholders to accept the new partner.
Under such circumstances, the moves by Boston-based Fidelity Investments, which has a 12.61 percent stake in Pentax, second only to Sparx, will be closely watched.
(May. 14, 2007)
http://www.yomiuri.co.jp/dy/business/20070514TDY08005.htm
Rriley
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I think that the 645D may not be a consumer-level product - given the requirements of lens and storage, the cost of it will be very high, and not many consumers would buy it. In addition, only those who want very high quality prints would be interested in the 645D, but those who want high quality may not be satisfied with digital output.
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CharlieDIY
Veteran Member
Absolutely. That's why so many pros refuse to go digital. There must be at least six. Somewhere.
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Charlie Self
http://www.charlieselfonline.com
Earnings are by no means impressive, even when quadropled. One has to say that. And I am somewhat surprised to hear that they were never better in 26 years.
Pentax is a rather small business, struggling for decades? I never saw it like this before.
Rriley
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these figures recently posted in the last few days
PENTAX
.....................Quarterly(Dec '06). . Annual(2006)
Net Profit Margin----------2.35%--------0.64% -
Operating Margin---------6.24%--------0.56% -
EBITD Margin -----------------------------4.01% -
Return on Average Assets 2.91% ------0.73% -
Return on Average Equity 10.20% -----2.19% -
Employees 5,651
......................Quarterly (Mar '07). .Annual(2007)
Net Profit Margin ---------2.89% ---------2.31% -
Operating Margin ---------3.45% ---------2.76% -
EBITD Margin--------------------------------6.49% -
Return on Average Assets 3.31% --------2.65% -
Return on Average Equity -12.08% ------8.80% -
Employees 5,651
----------------------------2006/7----------2005/6
dSLR sales Pentax---280,000------120,000
133.3% rise
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Riley
not all that counts, can be counted
PENTAX
.....................Quarterly(Dec '06). . Annual(2006)
Net Profit Margin----------2.35%--------0.64% -
Operating Margin---------6.24%--------0.56% -
EBITD Margin -----------------------------4.01% -
Return on Average Assets 2.91% ------0.73% -
Return on Average Equity 10.20% -----2.19% -
Employees 5,651
......................Quarterly (Mar '07). .Annual(2007)
Net Profit Margin ---------2.89% ---------2.31% -
Operating Margin ---------3.45% ---------2.76% -
EBITD Margin--------------------------------6.49% -
Return on Average Assets 3.31% --------2.65% -
Return on Average Equity -12.08% ------8.80% -
Employees 5,651
----------------------------2006/7----------2005/6
dSLR sales Pentax---280,000------120,000
133.3% rise
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Riley
not all that counts, can be counted
http://techon.nikkeibp.co.jp/english/NEWS_EN/20070514/132465/
"Head Office is Not for Sale' -- Pentax Unveils Financial Results, Mid-term Plan"
--
360 minutes from the prime meridian. (-5375min, 3.55sec) 1093' above sea level.
'The exposure meter is calibrated to some clearly defined standards and the user needs to adjust his working method and his subject matter to these values. It does not help to suppose all kinds of assumptions that do not exist.'
Erwin Puts
"Head Office is Not for Sale' -- Pentax Unveils Financial Results, Mid-term Plan"
--
360 minutes from the prime meridian. (-5375min, 3.55sec) 1093' above sea level.
'The exposure meter is calibrated to some clearly defined standards and the user needs to adjust his working method and his subject matter to these values. It does not help to suppose all kinds of assumptions that do not exist.'
Erwin Puts
Back in 2004/2005 Pentax did a restructure and part of this was to stop a hostile takeover.
Was Sparx the company they were worried about and has it ended up with a large partial of shares but can't exert the influence it was hoping?
I ask this as since late 2005/2006 it has been pushing to get rid of digital cameras.
Was Sparx the company they were worried about and has it ended up with a large partial of shares but can't exert the influence it was hoping?
I ask this as since late 2005/2006 it has been pushing to get rid of digital cameras.
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