"Hoya Founder's Grandson Calls Pentax Acquisition 'Failure,' Seeks Reforms"

BillCarr

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Hoya Corp. needs a more diverse, transparent board to help prevent "failures" such as the $1 billion purchase of Pentax Corp., said Yutaka Yamanaka, a grandson of the Japanese lens maker’s founder.... Hoya’s 2007 acquisition of camera and endoscope maker Pentax to expand its medical care business was "overpriced," he said.... Hoya’s health-care division, which makes contact lenses and surgically implanted lenses, accounted for about 13 percent of the company’s overall sales last fiscal year....

Article:

http://preview.bloomberg.com/news/2010-05-27/hoya-founder-s-grandson-calls-pentax-acquisition-failure-seeks-reforms.html
 
in the last 3 quarters it shows as sales decrease operating profit increases, clearly a sign of the restructuring however if any company can make more money as sales decrease they've got to be doing something right. whats this say about next year?

1) Pentax should stay a lean company, however there isn't much more to cut and streamline

2) Depending on what Hoya and Pentax have up their sleeves will define the future,
  • if they've got several desirable lenses priced well and coming soon that is good
  • if they have impressive new cameras coming soon that would also be good
  • if the offerings and innovations stagnate then there aren't many years left for the K-mount
It does look like Pentax will benefit from the Sigma/Hoya recent friendliness, Sigma and Hoya jointly develop FLD glass, Hoya gives Sigma the 77 segment metering system for the SD15 and a few other modules i can't remember and finally Sigma releases lenses in the Pentax mount faster then usual... so what more will come out of this deal?

well that just my opinion
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Mike from Canada

'I like to think so far outside the box that it would require a telephoto lens just to see the box!' ~ 'My Quote :)'



http://www.airliners.net/search/photo.search?sort_order=views%20DESC&first_this_page=0&page_limit=180&&emailsearch=mighty_mike88%40hotmail.com&thumbnails=
 
I concur with that assessment. It was terrible for pentax and the pentax fans that hoya forcibly acquired Pentax, and was only interested in the medical part of the business. Until recently, the Pentax camera and lens division lack direction, as it kept bringing out mediocre cameras and lenses.

It was floundering with such mediocre products as the k20D and unpopular bottom of the line DSLR cameras like the K200D. There were rampant rumors that the camera division may be discontinued or sold. Things have gotten better recently with the Kx, K7 and 645D, but the glaring absence of an affordable full frame has resulted in some impatient long term Pentax users switching brands. Once they switched, they are unlikely to switch back. Pentax needs to bring out an affordable full frame with deliberate haste or it may find itself out of the DSLR business just like Olympus is doing.
Hoya Corp. needs a more diverse, transparent board to help prevent "failures" such as the $1 billion purchase of Pentax Corp., said Yutaka Yamanaka, a grandson of the Japanese lens maker’s founder.... Hoya’s 2007 acquisition of camera and endoscope maker Pentax to expand its medical care business was "overpriced," he said.... Hoya’s health-care division, which makes contact lenses and surgically implanted lenses, accounted for about 13 percent of the company’s overall sales last fiscal year....

Article:

http://preview.bloomberg.com/news/2010-05-27/hoya-founder-s-grandson-calls-pentax-acquisition-failure-seeks-reforms.html
 
I wonder if the profits in past couple quarters erased the entire losses suffered since Hoya's borrowed Billion Dollar April 2008 purchase of Pentax.
Its more along the lines of an operating profit of 25 million USD for the last year... it'll take 40 years of that to make back the billion

--
Mike from Canada

'I like to think so far outside the box that it would require a telephoto lens just to see the box!' ~ 'My Quote :)'



http://www.airliners.net/search/photo.search?sort_order=views%20DESC&first_this_page=0&page_limit=180&&emailsearch=mighty_mike88%40hotmail.com&thumbnails=
 
the glaring absence of an affordable full frame has resulted in some impatient long term Pentax users switching brands.
a very vocal minority I believe.
For sure! A very few want the FF. Once you pass APS your getting into the area of diminishing return for you dollar. The biggest growth market will be EVIL type cameras. Olympus is losing customers because they have a step up, and that's APS size sensors from Sony, Pentax, or Canon and Nikon.

I don't think Hoya can justify building 4 systems, EVIL, APS, FF, MF and have good lens, flashes and others products that make up a good system and continue to innovate and bring out new products every year for 3 of those markets as you have to today to keep up. The R&D would be too much.

Pentax made a good move with the 645D. The launch date has been pushed back a bit because of overwhelming demand (I don't know if that's a fact), more than expected. High paid pros are going to want this beast that's not much bigger than a Nikon PRO dSLR, is built like a tank (thick inner metal chassis, thick outer metal alloys skin) its light to top it off fully weather-resistant. Its the K10D of the MF field; high features and high bang for the buck tank dSLR.

It seems Pentax lens prices and perceived QC problems have hurt sales in units and profits. Those FA50mm f/1.4 lens were probably made in a large quantity long ago and big pallets of them are sitting someplace ready to be sold at the artificially high prices now seen here in the USA. I was/would buy one at $250 plus/minus a few bucks. But its not worth over $400 when I can go on eBay and get one for half the price. And primes are much safer to buy used versus zooms as they don't have as many decentering issues.

Today in the USA you have to pay almost $400 for a 50mm f/1.4. Now the competition sees the market for prime lens and is taking advantage of the fact they are cheaper to build. How much do you think it cost to build the 50mm f/1.4 compared to the DA50-200mm WR(?) probably less than the DA, so why is it so high? Hoya, but Hoya can't afford to raise prices with the SDM issue they should move the inventory at profit making prices but not greedy prices and do some damage control like offer a longer warranty (3 years is that too long?) on DA* lens as Sigma and everyone...please give me a break with the one year warranty stuff. I will never buy an expensive Pentax lens until I feel 90% sure its a good investment.

IMO could be wrong, Hoya is banking on the quality and IQ of Pentax primes and pricing them according to what they feel its worth compared to others. However the others are now selling low cost primes... Hoya always, well many times does things back-wards. Because IMO they are run by accountants and people who should not be running a camera company and don't have any high horsepower intellects with vision and the ability to make good decisions in respect to the camera market.

Right now Pentax is in a good position. Just needs to stop making mistakes. Those mistakes have their roots at the top!

Pentax made a profit. Pentax developed the K-7 a new dSLR not a remake, with an outstanding design that had to cost money to just design. Plus it has innovated features. The K-x, a solid entry level with great high ISO. Two WR kit lens. At the same time they were developing the 645D system. Pentax probably, logically lost a lot of DA* sales because of the SDM issue. Pentax sold less units, now is that just dSLRs or dSLRs and lens. Either way they still managed a small profit that for sure would have been larger if not for the SDM issue.

Pentax could use a partner for development of AF/metering systems. They have big time talent in building bodies and cameras for enthusiasts, look at the K20D and now the K-7, at $700 for the K20D and at $1000 for the K-7 they are without peer when it comes to body and features. I was just out in a sever thunderstorm with my K20D and I knew I was not even pushing my luck a little, people don't realize Pentax WR bodies are only equaled by the very top PRO Canon, Nikon and Oly E3, the D700, 7D dSLRs are just a bit less sealed as this feature had to be reserved for the big time buyers. Not with Pentax!
--
jamesm007,
http://s195.photobucket.com/albums/z77/jamesm700/
WSSA member 266PX
 
I do want shoes, but not with a camera in them.

Seriously I want FF and the Canon 5D would make the most sense for me as I could use all my Pentax Lenses with it. Now If I only had the money.

Lastly I wonder how much influence this guy has at Hoya. I do know that Pentax is not a well know brand these days with younger people. W@hen I am out with my camera so many folks say they have never heard of Pentax but know about Nikon and Canon.

Douglas Film
 
It was floundering with such mediocre products as the k20D and unpopular bottom of the line DSLR cameras like the K200D
Has Pentax published how K20D did from a sales perspective?
Was K20D a success, increasing Pentax market share, profits etc..?
cheers!
samven
 
I concur with that assessment. It was terrible for pentax and the pentax fans that hoya forcibly acquired Pentax, and was only interested in the medical part of the business. Until recently, the Pentax camera and lens division lack direction, as it kept bringing out mediocre cameras and lenses.
So, Hoya is bad and taking over Pentax was a negative development because the old Pentax knew the true spirit of the brand.
It was floundering with such mediocre products as the k20D and unpopular bottom of the line DSLR cameras like the K200D. There were rampant rumors that the camera division may be discontinued or sold.
Hoya bought Pentax in August 2007 and both cameras that you consider bad performers were announced on 23rd of January 2008. Actually my K20D was manufactured on 18th of January 2008. It may be understandable even for you that both cameras were 100% the brainchilds of OLD PENTAX not Hoya.
Things have gotten better recently with the Kx, K7 and 645D,
All three being true Hoya made products.
but the glaring absence of an affordable full frame has resulted in some impatient long term Pentax users switching brands. Once they switched, they are unlikely to switch back. Pentax needs to bring out an affordable full frame with deliberate haste or it may find itself out of the DSLR business just like Olympus is doing. (Unavoidable FF propaganda from you - a guy with a smaller than our APS-c sensored camera).
Radu
 
in the last 3 quarters it shows as sales decrease operating profit increases, clearly a sign of the restructuring however if any company can make more money as sales decrease they've got to be doing something right. whats this say about next year?

1) Pentax should stay a lean company, however there isn't much more to cut and streamline
Increasing profit or a smaller loss year over year, concurrent with an ever lower and decreasing revenue base is a huge warning flag to financial markets.

We can argue all day long as to whether Pentax will survive or if my statement above is fair, given the world-wide recession, but that's how these financial types view the world.
--
Lucky Sky
I'd rather be lucky than good
 

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