I haven't seen this mentioned, and I think it deserves its own thread:
For the three months ending September 30, 2009, Pentax was profitable. The
quarterly report (PDF) came out today, and listed a profit of nearly 1.2 billion yen in the quarter on an operating margin of 4.2%. This compares to a loss of nearly 2.5 billion yen, on a margin of -7.4%, in the same quarter last year.
From page 3:
In medical endoscopes, restrained buying by medical organizations, and the impact on (sic) the yen on overseas sales, which make up most of the segment, resulted in a fall of earnings for the quarter relative to the same period last year.
In digital cameras, were (sic) there were some products launched on the market which generated interest, the number of units sold fell relative to the same period last year, and price declines due to tough price competition led to reduced earnings.
As a result, segment sales during the quarter were 27,920 million yen. In terms of operating profit and loss, the cost reduction impact from restructuring implemented in the prior year led to a profit of 1,185 million, an improved profitability than in the same quarter last year or preceding quarter.
Sounds like doom and gloom, which might be because most of the other Hoya segments are making ~20% margins, but still a profit. And we don't know the relative profitability of endoscopes compared to cameras.
The previous quarter, by way of reference, lost 941 million yen at a margin of -3.8%.
I'm happy with this news.
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