PentaxForums.com - View Single Post - Pentax slips to 1.6% japanese market share over 2008: 5th place!

*tranq78* · 01-03-2009, 11:22 PM

Originally Posted by asdf

Nevertheless, look at page 14 of
http://www.hoya.co.jp/english/invest..._Quarterly.pdf

It's either the tanking economy--DSLRs are a highly discretionary product--or HOYA is doing something wrong with PENTAX, or both.

If you are referring to Section 5/page 13, that's revenue growth. Sales levels are dropping for 3 of 4 of Hoya's non-Pentax segments. Just like sales are dropping for everyone else.

If you look at the segmented results on page 8 of the pdf it looks to me like Pentax was free cashflow positive for the 3 months ending Sept. 30, 2008. That's not an easy feat for business with as much exposure to the consumer as Pentax.

But what is intriguing is that it looks like the Pentax unit spent a considerable, almost disproportionate, amount on R&D. Interesting.

01-03-2009, 11:22 PM	#21
tranq78 Site Supporter Location: Canada Gallery Photos: 41 Posts: 628	Originally Posted by asdf Nevertheless, look at page 14 of http://www.hoya.co.jp/english/invest..._Quarterly.pdf It's either the tanking economy--DSLRs are a highly discretionary product--or HOYA is doing something wrong with PENTAX, or both. If you are referring to Section 5/page 13, that's revenue growth. Sales levels are dropping for 3 of 4 of Hoya's non-Pentax segments. Just like sales are dropping for everyone else. If you look at the segmented results on page 8 of the pdf it looks to me like Pentax was free cashflow positive for the 3 months ending Sept. 30, 2008. That's not an easy feat for business with as much exposure to the consumer as Pentax. But what is intriguing is that it looks like the Pentax unit spent a considerable, almost disproportionate, amount on R&D. Interesting.