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06-16-2017, 11:27 AM   #1
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"Improper accounting charges" for Fujifilm hits $341,000.000 USD.

Looks like heads are going to roll at Fujifilm. $341,000,000 in accounting irregularities instead of the $200,000,000 USD reported in April. Seem related to the Fuji Xerox venture.

Here is a link to one article about this. No idea what effect this will have on their photographic business. This is will effect the last six years worth of net profits by the aforementioned $341 million.


https://www.nytimes.com/reuters/2017/06/12/business/12reuters-fujifilm-results.html

06-16-2017, 11:54 AM - 2 Likes   #2
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One word: "Oops!"
06-16-2017, 12:01 PM - 8 Likes   #3
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QuoteOriginally posted by BigMackCam Quote
One word: "Oops!"
Indeed!

But I'd think there needs to be one "O" per digit -- this is more like "OOO,OOO,OOOPS!"
06-16-2017, 12:05 PM   #4
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QuoteOriginally posted by photoptimist Quote
Indeed!

But I'd think there needs to be one "O" per digit -- this is more like "OOO,OOO,OOOPS!"
LOL That even reads better

06-16-2017, 12:25 PM   #5
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I wish I could accidentally give myself an extra 121 mil usd
06-16-2017, 12:37 PM - 1 Like   #6
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QuoteOriginally posted by Na Horuk Quote
I wish I could accidentally give myself an extra 121 mil usd
yeah, a few years ago instead of getting a mere few lenses like those of us with GAS do now, you could've bought the whole of Pentax
06-16-2017, 12:48 PM   #7
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Oh noes! Fujifilm is Doooomed!
06-16-2017, 12:56 PM - 7 Likes   #8
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Who knew? Apparently the Fuji accountants used to work on the ISO rating team.

06-16-2017, 01:02 PM - 3 Likes   #9
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QuoteOriginally posted by Na Horuk Quote
I wish I could accidentally give myself an extra 121 mil usd
But you can! Just fire up Excel, put 'My Total Cash' at the top, and put whatever figure you like underneath. The money is imaginary, so you'll struggle to spend it, but your friends will be impressed when you show it to them.

Effectively, exactly the same thing...
06-16-2017, 01:03 PM - 2 Likes   #10
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QuoteOriginally posted by photoptimist Quote
Indeed!

But I'd think there needs to be one "O" per digit -- this is more like "OOO,OOO,OOOPS!"
QuoteOriginally posted by IgorZ Quote
yeah, a few years ago instead of getting a mere few lenses like those of us with GAS do now, you could've bought the whole of Pentax
Using photoptimist's spelling, that should be "Fujifilm is DOOO,OOO,OOOmed!"
06-16-2017, 01:05 PM   #11
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QuoteOriginally posted by victormeldrew Quote
The money is imaginary, so you'll struggle to spend it, but your friends will be impressed when you show it to them.
That's the shortest, easiest-to-understand and most-accurate guide to corporate accounting I've ever read. Bravo!
06-16-2017, 01:12 PM   #12
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Nikon now buying Fujifilm - let the silly rumors flow
06-16-2017, 01:18 PM   #13
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Ricoh will buy Fujifilm.
06-16-2017, 01:28 PM - 3 Likes   #14
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Looks like their ISO isn't the only thing they don't report accurately...
06-16-2017, 01:36 PM - 1 Like   #15
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QuoteOriginally posted by BigMackCam Quote
One word: "Olympus!"
FTFY
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