The K-x effect


Pentaxophile

Link Posted 09/05/2010 - 10:09
Found this on the other forum. Grounds for optimism in Hoya's quarterly report:

Quote:
3. Pentax

In the digital camera area, the number of single-lens reflex cameras sold sharply increased from the previous year, and overall sales rose despite fierce price competition with other companies.

As a result, sales for the quarter in this segment stood at 25,920 million yen. As for operating income and loss, the effects of cost cutting achieved via reorganization during the previous year produced an operating profit of 1,331million yen, showing a significant improvement in profitability compared to a huge operating loss for the same quarter one year ago.


[link=https://500px.com/will_brealey/[/link]

George Lazarette

Link Posted 09/05/2010 - 21:53
Oyez! Oyez! Hear ye! Hear ye!

Pentax cameras made a profit. Pentax camera sales are well up.

And all this against a dire economic backdrop.

I'll raise a glass* to that.

Now let's see what the 645D will do.

G

* Probably a Bowmore, or perhaps some genuine, home-made, Czech slivovitz.
Keywords: Charming, polite, and generally agreeable.

johnriley

Link Posted 09/05/2010 - 22:57
Sounds good to me!
Best regards, John

Pwynnej

Link Posted 10/05/2010 - 09:22
Let's see if they could put some of that profit into getting more glass on them shelves
Z-1p, K-1, P50
F50 1.7. FAs 24, 35, 50 1.4, 85, 135. DFA15-30, DFA24-70, D-FA*70-200. D-FA 100. The SMC-FA Limited Trinity.
Metz 45 CL-4, AF500FTZ. AF540FGZ.
Some Mamiya and some Nikon

Shaky

Link Posted 11/05/2010 - 16:46
Pentaxophile wrote:
Found this on the other forum. Grounds for optimism in Hoya's quarterly report:

Quote:
3. Pentax

In the digital camera area, the number of single-lens reflex cameras sold sharply increased from the previous year, and overall sales rose despite fierce price competition with other companies.

As a result, sales for the quarter in this segment stood at 25,920 million yen. As for operating income and loss, the effects of cost cutting achieved via reorganization during the previous year produced an operating profit of 1,331million yen, showing a significant improvement in profitability compared to a huge operating loss for the same quarter one year ago.


This is indeed grounds for optimism, but the snippet you quoted is misleading since it leaves out the discussion in the first paragraph on Pentax regarding the medical equipment side. See report for Q4 2010.

It follows that the discussion of profitability relates to the combined medical equipment/camera operations and as such it can not be inferred that the camera operations were profitable.

This is admittedly somewhat odd since the Hoya financial reports usually provide some mention of camera segment profitability, despite overall being highly economical with actual segment operating data.

One other thing is interesting; the combined Pentax operations have slashed headcount by around 20% compared to the same quarter last year. Since no mention has been made of restructuring in the Medical Equipment business the brunt of this organisational butchery has undoubtedly befallen the camera operations.

Some time ago I mentioned a strategy for Pentax as a packager and integrator of third party technology. However, for this to be viable what is required is something high priced advisors refer to as a reconfiguration of the value-added chain. This means you canít just slash the organisation indiscriminately, but you also need to invest intelligently in appropriate areas such as software design, marketing, industrial design.

However, there is a school of thought in management consulting land that says to fix a broken organisation you first need to pare everything right back to the bone to eliminate a culture of failure; thatís very risky operationally. . .
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