PentaxForums.com - View Single Post - Pentax News...Something Interesting..Really!

jeffkrol · 10-17-2007, 06:48 AM

Originally Posted by Ray Pulley

What?

Hoya owns what was Pentax and now it is just a division of Hoya so unless there is some sort of surviving corporate entity for Hoya to "sell" to (what we call an "inter-company transfer" where I work) and some sort of tax or other reason to do so, anything Pentax uses or can use from the Hoya product line would simply be part of the cost of goods for Pentax brand products. Any markup or profit that others pay for similar items or that Pentax used to pay Hoya for similar items would have to be removed and the real cost of that item applied to the Pentax product where it was used.

It's not like you can make up your costs however you want. Everything used to build your product has to tie back to what you actually paid for that item (or an average of what you paid, or LIFO or FIFO, but still it is based upon actual material costs) plus any overhead you apply. Even your overhead applied has to utlimately tie to the real overhead costs like your buildings and other costs that you can associate with the product and it's manufacture. The accountants and auditors spend a lot of time making sure that all of this is true.

I am sure that Hoya intends to completely integrate all areas that reduce costs and improve efficiencies for Pentax, a fact that Hoya management has made very clear in their statements to date, and I would be surprised if Glass is not a major part of that plan for cameras, endoscopes, and anything else that uses optical glass. After all, this is quite an advantage for Hoya, who is a very major supplier of optical glass, which means improved margins and profits for the Pentax products versus the competition.

Ray

Technically it's "Pentax became a 90.58%-owned subsidiary of HOYA." And as to division seperation I believe they are still doing this as a "failsafe"........
"The major conclusions in this announcement are that the Pentax name will remain, that Pentax's optical business will merge with Hoya's but that Pentax's current imaging systems division (that which is responsible for digital cameras) will continue."
Wouldn't make any sense not to make "profit" off selling blanks to the optical division. Just think about what would happen if a "product lens" tanked...... Pentax "imaging system" will reflect a loss but the "parent" Hoya would look good. Even Sony sells their sensors to Sony camera....
Got to admit I'm guessing on Hoya/Pentax but it seems logical...
Subsidiary - Wikipedia, the free encyclopedia
Subsidiaries are separate, distinct legal entities for the purposes of taxation and regulation. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally or otherwise distinct from it.

10-17-2007, 06:48 AM	#151
jeffkrol Pentaxian Location: Wisconsin USA Gallery Photos: 2 Posts: 1,635	Originally Posted by Ray Pulley What? Hoya owns what was Pentax and now it is just a division of Hoya so unless there is some sort of surviving corporate entity for Hoya to "sell" to (what we call an "inter-company transfer" where I work) and some sort of tax or other reason to do so, anything Pentax uses or can use from the Hoya product line would simply be part of the cost of goods for Pentax brand products. Any markup or profit that others pay for similar items or that Pentax used to pay Hoya for similar items would have to be removed and the real cost of that item applied to the Pentax product where it was used. It's not like you can make up your costs however you want. Everything used to build your product has to tie back to what you actually paid for that item (or an average of what you paid, or LIFO or FIFO, but still it is based upon actual material costs) plus any overhead you apply. Even your overhead applied has to utlimately tie to the real overhead costs like your buildings and other costs that you can associate with the product and it's manufacture. The accountants and auditors spend a lot of time making sure that all of this is true. I am sure that Hoya intends to completely integrate all areas that reduce costs and improve efficiencies for Pentax, a fact that Hoya management has made very clear in their statements to date, and I would be surprised if Glass is not a major part of that plan for cameras, endoscopes, and anything else that uses optical glass. After all, this is quite an advantage for Hoya, who is a very major supplier of optical glass, which means improved margins and profits for the Pentax products versus the competition. Ray Technically it's "Pentax became a 90.58%-owned subsidiary of HOYA." And as to division seperation I believe they are still doing this as a "failsafe"........ "The major conclusions in this announcement are that the Pentax name will remain, that Pentax's optical business will merge with Hoya's but that Pentax's current imaging systems division (that which is responsible for digital cameras) will continue." Wouldn't make any sense not to make "profit" off selling blanks to the optical division. Just think about what would happen if a "product lens" tanked...... Pentax "imaging system" will reflect a loss but the "parent" Hoya would look good. Even Sony sells their sensors to Sony camera.... Got to admit I'm guessing on Hoya/Pentax but it seems logical... Subsidiary - Wikipedia, the free encyclopedia Subsidiaries are separate, distinct legal entities for the purposes of taxation and regulation. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally or otherwise distinct from it.