This is in response to my concern posted in the "other" forum. Its in Hoyas investor papers. Even though Hoya does not own Pentax now... the Japan Quake delayed the launch of the Q by two months. The flooding is also hurting Pentax as well as Hoya in other ways, big time. The date of this statement/paper is October 31, 2011. So for Ricoh things might be much worse; at the least no better.
Overview of performance provided by Mr. Hamada, COO
<Digital Cameras and Optical Lenses>
• For the camera business of PENTAX, the 2nd quarter was the final quarter. As the launch of
mirrorless cameras was two months behind schedule due to the effects of the earthquake,
the results were lackluster. I believe that demand for cameras overall is pretty much
accounted for by smartphones. In particular, cameras with a zoom of less than five times will
probably decline by around 15% in volume terms going forward, I think. I thought that if the
new mirrorless segment had been established instead, the quantity of mirrorless cameras
may increase by around 15%, combined with single-lens reflex cameras. However, as the
camera business will miss the Christmas season because of the floods, the outlook is very
uncertain. Given that there are only three countries, namely Japan, Hong Kong, and the
United Kingdom, in the world where mirrorless cameras account for more than 20% of our
product mix and that mirrorless cameras have not yet been recognized in other countries, we
had put our hopes on their performance this autumn. As such, the camera business had an
regrettable outcome.
• The lens business of HOYA grew around 10% year on year in the 2nd quarter, thanks to
customers who tried to accelerate the recovery from the earthquake. Although the flooding in
Thailand will have an impact going forward, I think that the overall trend will be positive for
HOYA, as I expect that the performance of both mirrorless and single-lens reflex cameras will
improve, while that of compact cameras will decline.
http://www.hoya.co.jp/english/investor/d0h4dj0000001g77-att/111031_gaiyou-E.pdf