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04-11-2017, 06:56 PM - 1 Like   #46
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Twenty years ago, people were repeatedly writing Apple's obituary but its best times were still ahead. The most important thing is how committed Ricoh is to the camera business. The recent success of the K1 might be pointing the way to a future in high-end gear. But then again, if Ricoh is more interested in their copier business, they may be willing to sacrifice the camera division. Whether they would be able to sell off the camera business in today's climate is questionable at best.

04-11-2017, 06:59 PM   #47
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QuoteOriginally posted by Aslyfox Quote
in the words of Doris Day:

Que Sera, Sera - what will be will be
That post should have come with a Trigger Warning.

In my psychologically scarred opinion, "The Man Who Knew Too Much" should have been titled "The Woman Who Sang Too Much"
04-11-2017, 07:01 PM   #48
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QuoteOriginally posted by Sandy Hancock Quote
That post should have come with a Trigger Warning.

In my psychologically scarred opinion, "The Man Who Knew Too Much" should have been titled "The Woman Who Sang Too Much"
Actually I like the film
04-11-2017, 07:01 PM   #49
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QuoteOriginally posted by RobA_Oz Quote
The article also asserted that Canon and Nikon had maintained profitability with their camera lines, which makes me wonder about the accuracy or independence of the source.
In fact the whole last paragraph makes me wonder how knowledgable the author is.

04-11-2017, 07:04 PM   #50
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Well, this is a bit of a bummer...


Here's hoping k-mount lives on. Ricoh's done a pretty good job with Pentax, AFAICT.
04-11-2017, 07:11 PM   #51
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The problem with a story like this, is that it can become a "self fulling prophecy". Potential buyers read or hear about the story - then change their minds and buy Canon or a Nikon - which can crater sales quite quickly, even if it was not Ricoh's intent to close Pentax. There needs to be some follow through on Ricoh's part to assure the potential Pentax buyers if they intend to maintain the Pentax brand.

04-11-2017, 07:15 PM   #52
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According to Glassdoor, these layoffs are already done since April, Ricoh copier sales..
04-11-2017, 07:16 PM   #53
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QuoteOriginally posted by monochrome Quote
So they're changing a projected final profit 10 Billion Yen to a lower projected final profit of 2 Billion Yen entirely because cameras unexpectedly lost 8 Billion Yen operating between December 31 and March 31?
It is likely a forecast of the whole 2017 year. they mention March31 because Japanese companies present (last year) annual reports on March.
They didn't loose 8BY. As on the Japanese news, the 2 B¥ forecast is the 4th edition. so I guess somewhere along the line in 1 to 3 edition, they expect their digital camera division to earn 10 BY in 2017. Later on they got more infors and they come back to adjust the forecast to 2 B¥ on the 4th edition and it should be the final number for 2017 because March is the last of the last month to do data analysis for companies here.
Now, we are officially on 2017 fiscal year. Will Pentax help them earn more or less than
2 B¥ no one know yet, It will be reported by end of March 2018.

04-11-2017, 07:20 PM   #54
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Yikes!! I hope this isn't the end of Pentax.
04-11-2017, 07:20 PM - 4 Likes   #55
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Ricoh refutes Nikkei

According to ITmedia, Japanese news source, Ricoh refuted Nikkei article, saying that "Ricoh is going to nail down product lineup and shift toward high value-added products, but not to abandon consumer business, Ricoh plans to grow high value-added products for consumers".

http://www.itmedia.co.jp/news/articles/1704/12/news063.html (in Japanese)

I'm not sure which is correct.
04-11-2017, 07:24 PM - 2 Likes   #56
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Ricoh has already put out a statement refuting this.

http://www.itmedia.co.jp/news/spv/1704/12/news063.html

Google translate:

Ricoh's public relations office commented, "While narrowing down product lineups, we are planning to expand high value-added models for individuals in the future."

On April 12, Ricoh refuted "not a fact" about some reports on the same day that the company is considering withdrawing from personal camera business. "Although we will pursue high value-added products by focusing on product lineups, we are not planning on withdrawing from individuals, and we plan to expand high-value-added models for individuals in the future" (Ricoh Public Relations Office).

The Nihon Keizai Shimbun morning edition on the 12th said, "Ricoh will shrink the camera business, we will consider consumer camera business with price competition intensely including withdrawal, concentrate on business use such as for in-vehicle use." The company announced on December 11 that it would record an impairment loss of about 10 billion yen, saying "expected earnings can not be expected for the digital camera business."

The company's press office announced on February 12 against the interview of ITmedia NEWS, "Our lineup of personal digital cameras is based on high-end models such as" GR ", products that make full use of features such as the THETA" all-sky camera " At the center, there are few general compact digital cameras (competing with smartphones intensely) competing in the price.In the digital camera business, we announced impairment on 11th, narrowing down the product lineup and pursuing high value added products Although I do not think about withdrawing from individuals, I plan to extend the value-added model for individuals in the future. "
04-11-2017, 07:32 PM   #57
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QuoteOriginally posted by shakereduced Quote

Ricoh's public relations office commented, "While narrowing down product lineups, we are planning to expand high value-added models for individuals in the future."

fingers crossed
04-11-2017, 07:34 PM - 1 Like   #58
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QuoteOriginally posted by pakinjapan Quote
It is likely a forecast of the whole 2017 year. they mention March31 because Japanese companies present (last year) annual reports on March.
They didn't loose 8BY. As on the Japanese news, the 2 B¥ forecast is the 4th edition. so I guess somewhere along the line in 1 to 3 edition, they expect their digital camera division to earn 10 BY in 2017. Later on they got more infors and they come back to adjust the forecast to 2 B¥ on the 4th edition and it should be the final number for 2017 because March is the last of the last month to do data analysis for companies here.
Now, we are officially on 2017 fiscal year. Will Pentax help them earn more or less than
2 B¥ no one know yet, It will be reported by end of March 2018.
Yes, I understand.

My point is cameras did not lose money operating. Ricoh took a capital loss on an asset write down, reducing 2017 reported Net Income, which is materially different.

And the 2017 Fiscal Year ended last month. You are now in Q1 of FY 2018. The 3Q Fiscal Quarter report released in January projected 10 B Yen Net Income. Ricoh has apparently chosen to write down 8 B Yen of camera fixed assets, so FY/2017 total reported Net Income will only be 2 B Yen.

The troubling part in the rumor is the line they are considering abandoning cameras altogether. They need to clarify that immediately or it becomes self-fulfilling.

* [Edit]: already refuted by Ricoh - see @shakereduced post above.

Last edited by monochrome; 04-11-2017 at 08:08 PM.
04-11-2017, 07:34 PM - 1 Like   #59
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Other than very unique offerings (like Theta), the smaller supported formats have appeared to be in jeopardy for quite a while now, most notably from smartphones. And particularly since the introduction of the K-1, it’s pretty clear that Ricoh/Pentax is stretched way too thin over the different mounts and camera lineages.

The statement “… will radically review a production and manufacturing strategy centered on cameras for the retail market…” shouldn’t surprise anyone here on PF. (Prior to this thread, the related ‘waits’ for new camera bodies and lenses has been the main gloom and doom around here lately.) This focus is definitely needed if they are to succeed (and eventually grow) in the K and/or MF lines. And other than the one option that was mentioned (withdrawing), that statement could also mean good things… such as expanding / increasing capacity in specific areas. Factor in similar recent announcements from many other camera companies, and the options also include focused purchases, acquisitions, and new partnerships.
04-11-2017, 07:43 PM   #60
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QuoteOriginally posted by shakereduced Quote
Ricoh has already put out a statement refuting this.
Good to see.

I am also rather puzzled by this line in the original news article:

QuoteQuote:
"Ricoh is now making a shift toward commercial applications by redirecting production assets and personnel to devices such as automotive cameras. It expects to have its first automotive cameras ready as soon as fiscal 2018 and sees lenses and related equipment generating 50 billion yen in sales in 2020."
What does it mean? I am guessing this doesn't mean cameras in cars (dash cams etc), but is something related to the use of cameras and robots in the automotive production line? Or are they anticipating that stuff like self-driving cars are going to take-off, and will require lots of cameras (and lenses) in the near future?

50 billion yen in sales by 2020 is about $450m USD, so they seem to anticipate good business from that in only about 3 years. Very strange.
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