Ricoh to get out of camera business?

RonHendriks1966 · 04-12-2017, 12:06 AM

This could also open the way to sell Pentax to a Chinese partner. The write-off of as sets, means you take your losses.

Kunzite · 04-12-2017, 12:09 AM

I guess we need monochrome to explain what an impairment test is

RonHendriks1966 · 04-12-2017, 12:15 AM

The write-off of 10 billion yen is 91,25 million USD. So the value of Pentax in Ricoh's boos is closing down to zero. They payed 125 million USD for it in 2011. So if some Chinese company would want Pentax, they could have it for 1 USD! Assuming that the factory in Phillipines and Vietnam where closed and moved to China. Ricoh could keep and sell any buildings and end the business.

Kunzite · 04-12-2017, 12:18 AM

And the source for those 125 million USD is... the same Nikkei?
You're just spreading FUD, as usual.

The 10 billion yen is just because the camera division didn't achieve the expected profits - I'm not interpreting here, it's written on the official announcement. I'd find it strange if that would be the value of the entire Ricoh Imaging.

Last edited by Kunzite; 04-12-2017 at 12:23 AM.

kenspo · 04-12-2017, 12:24 AM - **2 Likes**

I wouldnt worry too much!

OoKU · 04-12-2017, 12:24 AM - **1 Like**

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x4rd · 04-12-2017, 12:29 AM

This is pure BS and fake news

Kunzite · 04-12-2017, 12:30 AM

To my understanding, an impairment test is no reduction of assets - but rather, a reevaluation of their worth.

x4rd · 04-12-2017, 12:30 AM - **1 Like**

Originally posted by RonHendriks1966

The write-off of 10 billion yen is 91,25 million USD. So the value of Pentax in Ricoh's boos is closing down to zero. They payed 125 million USD for it in 2011. So if some Chinese company would want Pentax, they could have it for 1 USD! Assuming that the factory in Phillipines and Vietnam where closed and moved to China. Ricoh could keep and sell any buildings and end the business.

Stop spreading fakes and hoax news please.

**clackers** · 04-12-2017, 12:48 AM

Originally posted by x4rd

Stop spreading fakes and hoax news please.

He has been asked many, many times, X4rd.

I do feel sorry for Q, compact camera owners and people who want future low cost, f4 zoom lenses for full frame. They don't fit a 'premium' strategy. Maybe anything in K mount other than at K-3 or KP prices, too.

x4rd · 04-12-2017, 12:57 AM - **1 Like**

Originally posted by clackers

I do feel sorry for Q, compact camera owners and people who want future low cost, f4 zoom lenses for full frame. They don't fit a 'premium' strategy. Maybe anything in K mount other than at K-3 or KP prices, too.

This is a trend in a camera industry now. Look on the newly announced D7500 - pricing similar to D610 and... 1 card slot

RonHendriks1966 · 04-12-2017, 01:00 AM

Originally posted by Kunzite

To my understanding, an impairment test is no reduction of assets - but rather, a reevaluation of their worth.

That means a write-off on your previous investment.

Look at this
https://www.dpreview.com/articles/6383771138/ricohbuyspentax

Ricoh bought Pentax for 10 billion yen, wich then was almost 125 million USD. So now they take write-off on that investment for the same 10 billion yen! So the value for Pentax in the Ricoh books is not very much anymore.

Kunzite · 04-12-2017, 01:05 AM - **1 Like**

No, thanks, I'm waiting for monochrome to explain - as he won't put the most negative spin possible

Like you do when claiming it's about writing off Pentax.

RonHendriks1966 · 04-12-2017, 01:08 AM

Originally posted by Kunzite

No, thanks, I'm waiting for monochrome to explain - as he won't put the most negative spin possible

Like you do when claiming it's about writing off Pentax.

We will all know on april 28th.

banep · 04-12-2017, 01:11 AM - **1 Like**

OMG, Ricoh is doomed now !!!

04-12-2017, 12:48 AM	#130
clackers Otis Memorial Pentaxian Join Date: Jul 2013 Location: Melbourne Photos: Albums Posts: 16,397	Originally posted by x4rd Stop spreading fakes and hoax news please. He has been asked many, many times, X4rd. I do feel sorry for Q, compact camera owners and people who want future low cost, f4 zoom lenses for full frame. They don't fit a 'premium' strategy. Maybe anything in K mount other than at K-3 or KP prices, too. Last edited by clackers; 04-12-2017 at 12:53 AM.

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04-12-2017, 12:06 AM	#121
RonHendriks1966 Banned Join Date: Jan 2009 Photos: Gallery Posts: 9,675	This could also open the way to sell Pentax to a Chinese partner. The write-off of as sets, means you take your losses.

04-12-2017, 12:09 AM	#122
Kunzite Pentaxian Join Date: Apr 2007 Location: Romania Posts: 15,132	I guess we need monochrome to explain what an impairment test is

04-12-2017, 12:15 AM	#123
RonHendriks1966 Banned Join Date: Jan 2009 Photos: Gallery Posts: 9,675	The write-off of 10 billion yen is 91,25 million USD. So the value of Pentax in Ricoh's boos is closing down to zero. They payed 125 million USD for it in 2011. So if some Chinese company would want Pentax, they could have it for 1 USD! Assuming that the factory in Phillipines and Vietnam where closed and moved to China. Ricoh could keep and sell any buildings and end the business.

04-12-2017, 12:18 AM	#124
Kunzite Pentaxian Join Date: Apr 2007 Location: Romania Posts: 15,132	And the source for those 125 million USD is... the same Nikkei? You're just spreading FUD, as usual. The 10 billion yen is just because the camera division didn't achieve the expected profits - I'm not interpreting here, it's written on the official announcement. I'd find it strange if that would be the value of the entire Ricoh Imaging. Last edited by Kunzite; 04-12-2017 at 12:23 AM.

04-12-2017, 12:24 AM - 2 Likes	#125
kenspo Veteran Member Join Date: Mar 2014 Location: Oslo Posts: 2,207	I wouldnt worry too much!

04-12-2017, 12:24 AM - 1 Like	#126
OoKU Pentaxian Join Date: Dec 2015 Posts: 740	??????????? \| ??????? ???IR \| ???

04-12-2017, 12:29 AM	#127
x4rd Senior Member Join Date: Jul 2014 Posts: 241	This is pure BS and fake news

04-12-2017, 12:30 AM	#128
Kunzite Pentaxian Join Date: Apr 2007 Location: Romania Posts: 15,132	To my understanding, an impairment test is no reduction of assets - but rather, a reevaluation of their worth.

04-12-2017, 12:30 AM - 1 Like	#129
x4rd Senior Member Join Date: Jul 2014 Posts: 241	Originally posted by RonHendriks1966 The write-off of 10 billion yen is 91,25 million USD. So the value of Pentax in Ricoh's boos is closing down to zero. They payed 125 million USD for it in 2011. So if some Chinese company would want Pentax, they could have it for 1 USD! Assuming that the factory in Phillipines and Vietnam where closed and moved to China. Ricoh could keep and sell any buildings and end the business. Stop spreading fakes and hoax news please.

04-12-2017, 12:57 AM - 1 Like	#131
x4rd Senior Member Join Date: Jul 2014 Posts: 241	Originally posted by clackers I do feel sorry for Q, compact camera owners and people who want future low cost, f4 zoom lenses for full frame. They don't fit a 'premium' strategy. Maybe anything in K mount other than at K-3 or KP prices, too. This is a trend in a camera industry now. Look on the newly announced D7500 - pricing similar to D610 and... 1 card slot

04-12-2017, 01:00 AM	#132
RonHendriks1966 Banned Join Date: Jan 2009 Photos: Gallery Posts: 9,675	Originally posted by Kunzite To my understanding, an impairment test is no reduction of assets - but rather, a reevaluation of their worth. That means a write-off on your previous investment. Look at this https://www.dpreview.com/articles/6383771138/ricohbuyspentax Ricoh bought Pentax for 10 billion yen, wich then was almost 125 million USD. So now they take write-off on that investment for the same 10 billion yen! So the value for Pentax in the Ricoh books is not very much anymore.

04-12-2017, 01:05 AM - 1 Like	#133
Kunzite Pentaxian Join Date: Apr 2007 Location: Romania Posts: 15,132	No, thanks, I'm waiting for monochrome to explain - as he won't put the most negative spin possible Like you do when claiming it's about writing off Pentax.

04-12-2017, 01:08 AM	#134
RonHendriks1966 Banned Join Date: Jan 2009 Photos: Gallery Posts: 9,675	Originally posted by Kunzite No, thanks, I'm waiting for monochrome to explain - as he won't put the most negative spin possible Like you do when claiming it's about writing off Pentax. We will all know on april 28th.

04-12-2017, 01:11 AM - 1 Like	#135
banep Banned Join Date: Mar 2013 Posts: 360	OMG, Ricoh is doomed now !!!