Why I Chose Pentax

Started Jan 25, 2010 | Discussions thread
PABER New Member • Posts: 15
Re: Two Questions

These are old news. If you dig more on Bloomberg you will find more recent articles where Hoya president mention that they did recently closed the last domestic lens plant. They were continuing to run that plant while rivals were moving their production oversea to cut cost. This is why the company was loosing money because they were producing in Yen, selling in us dollards or euro and converting revenues to yen.

At the end, the article mention that Pentax return to profit on the last quarter of 2009 with operating incomes of 1.19 billions yen.

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