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09-02-2008, 07:14 AM   #16
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QuoteOriginally posted by pschlute Quote
Ok ...so still less than 1% of the assets !!
Wow, Pentax is really a very large company than I could imagine!

But then total asset include also Liabilities, anyone who read the reports further more deeply can tell?

09-02-2008, 07:19 AM   #17
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Well this is more or less what take overs and merges is all about. Get rid of things that can be done on other locations, not needed, makes to little money.
They usually also cut down quite alot on staff, since it will require less after a merge.
09-02-2008, 07:26 AM   #18
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Yawn.

So what's new guys and gals? Anything other than the sky is falling?

I normally just ignore anything from RH but this doom and gloom crap is getting

BORING!

CW
09-02-2008, 07:26 AM   #19
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QuoteOriginally posted by RiceHigh Quote
Wow, Pentax is really a very large company than I could imagine!

But then total asset include also Liabilities, anyone who read the reports further more deeply can tell?

No, total assets do not include liabilities, you will find them under the column entitled "Liabilities"

09-02-2008, 07:31 AM   #20
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QuoteOriginally posted by pschlute Quote
No, total assets do not include liabilities, you will find them under the column entitled "Liabilities"
Isn't that Total Assets = Net Assets + Liabilities? (Any accountants here? :-))
09-02-2008, 07:48 AM   #21
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QuoteOriginally posted by RiceHigh Quote
Isn't that Total Assets = Net Assets + Liabilities? (Any accountants here? :-))
Net assets = Total Assets - Total Liabilities. This is broadly equivalent to the Net Worth of the company. In the case of pentax about 76 Bn yen or $690 Million (using 110 exchange rate) on aquisition date.
09-02-2008, 07:50 AM   #22
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QuoteOriginally posted by RiceHigh Quote
But then total asset include also Liabilities, anyone who read the reports further more deeply can tell?
Total Assets minus total liabilities gives you a corporation's net worth or shareholder's equity.

Net Worth

Nice try, though

Slick
09-02-2008, 08:06 AM   #23
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Reason for dissolution and liquidation

PENTAX BASO (GUANGZHOU) Optomechatronics Co., Ltd. had manufactured lens
unit of digital cameras. However, as part of re-organization aiming to improve the
operational efficiency including production and quick delivery as well as quick response
in customer relations
, this company will be dissolved and liquidated in order to combine
the production facility to other sites.

PENTAX (Shanghai) Corporation was established as the production plant of digital
cameras in China.
However, This company was underperforming unit, and so in order to improve the
efficiency of whole digital camera business
, will be dissolved and liquidated.

I dont understand hy hoya must keep factories that dont give them money?

09-02-2008, 08:07 AM   #24
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RH, you're boring.


09-02-2008, 08:21 AM   #25
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And, to save you the trouble, if you use net worth instead of total assets the percentage changes to .31%.

Total Assets = 689,444 ($6,335,738,255)
Total Liabilities = 136,192 ($1,251,713,445)

Net Worth = 553,252 ($5,084,024,810)

So,

Plant closings = $15,953,402/5,084,024,810 = 0.0031 * 100 = .31%

Still small.

Slick
09-02-2008, 08:27 AM   #26
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Hey, I think we are all missing the silver lining here. RH didn't link to an article on his blog, but actually to the pertinent, if meaningless, info.

I'm not sure why we care about hoya getting involved with a brazillian maker of glasses though.
09-02-2008, 08:38 AM   #27
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QuoteOriginally posted by pschlute Quote
Why will you miss them ? How do you know they going to close the office ?

The note from Hoya simply says the company is being disolved, and the office will become a branch of Pentax Europe.
According to a statement from the head of operations in the P.Sc. office, the personell is being made redundant and nordic operations will be managed from Germany via the Swedish branch of Focus Trading. He also claims that none of the old staff is moving to Focus Trading.
So, yes, I'm fairly sure that the Uppsala located office is being closed.
And I will miss the availability, the service-mindedness, and the Pentax-savvy-ness of the experienced local guys.

-- MW
09-02-2008, 10:09 AM   #28
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QuoteOriginally posted by RiceHigh Quote
According to my old Pentax friend Roland Mabo [...]
LOL, I'd like to know Roland opinion on this quote
09-02-2008, 11:02 AM   #29
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Yet another tempest in a teapot... or in this case a rice bowl...

Ricey old boy you would consider the decision by a single mom-and-pop camera store in Timbuktu, to be proof positive that Pentax had died and been buried. And then you'd go hunting the grave so you could dance on it.

I know it's no use telling you to give it a rest, but I really do wish you would.
09-02-2008, 11:21 AM   #30
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QuoteOriginally posted by MRRiley Quote
I know it's no use telling you to give it a rest, but I really do wish you would.
What he said!
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