Ricoh's financial results for FY2019 and Q4: Theta and GR über alles

bladerunner6 · 05-12-2020, 10:26 AM

Originally posted by Kunzite

Perhaps we shouldn't try making too much of this.
Wasn't Fujifilm relying on the Instax a lot?

Yes, Instax is a way bigger business and I assume with better margins.

Instant Film, Not Digital Cameras Is the Main Reason Fujifilm Is Doing So Well | Fstoppers

**Serkevan** · 05-12-2020, 10:28 AM

Originally posted by bladerunner6

Yes, Instax is a way bigger business and I assume with better margins.

Instant Film, Not Digital Cameras Is the Main Reason Fujifilm Is Doing So Well | Fstoppers

With how ridiculously expensive Instax film is (something over 1€ per photo in Germany!) I'm not surprised in the slightest.

**monochrome** · 05-12-2020, 11:12 AM - **3 Likes**

Essential Pandemic debate:
1) Buy gear to support the Pentax finances?
2) Sell gear to support the monochrome finances?

**TedH42** · 05-12-2020, 11:39 AM - **2 Likes**

Originally posted by monochrome

Essential Pandemic debate:
1) Buy gear to support the Pentax finances?
2) Sell gear to support the monochrome finances?

That's easy: both.

Wasp · 05-12-2020, 11:43 AM

Originally posted by monochrome

Essential Pandemic debate:
1) Buy gear to support the Pentax finances?
2) Sell gear to support the monochrome finances?

1) I don't see that as a good reason to buy gear. A better answer would be "because I don't have one those yet." Unless you plan to buy a lot of gear, your purchase won't make any significant difference to the Pentax finances.

2) I don't have a good feeling about this. In the coming months there might be a lot of gear on the market from folks who need to support their finances. This will drive down prices and your sale will not make a significant difference to your finances. I haven't seen much evidence of such a downturn yet, but only time will tell.

**monochrome** · 05-12-2020, 05:15 PM - **1 Like**

Originally posted by Wasp

1) I don't see that as a good reason to buy gear. A better answer would be "because I don't have one those yet." Unless you plan to buy a lot of gear, your purchase won't make any significant difference to the Pentax finances.

2) I don't have a good feeling about this. In the coming months there might be a lot of gear on the market from folks who need to support their finances. This will drive down prices and your sale will not make a significant difference to your finances. I haven't seen much evidence of such a downturn yet, but only time will tell.

1) I’m pretty average. I typically buy a new car at the absolute high month for new car sales in that cycle. If I buy gear lots of other people are probably buying gear, so by extensions it does affect Pentax finances.

2) I have enough.gear that a concerted effort to sell gear would change my financial position.

**ramseybuckeye** · 05-12-2020, 07:27 PM

Originally posted by AfterPentax

The problems with Covid-19 will reflect more on Q1 2020 and later. The financial year ended close to the beginning of the problems with Covid-19 so do not influence the results heavily yet. Ricoh/Pentax camera's is part of Smart Vision and is not mentioned where the Theta's and the GR's are mentioned in a positive way. Now I would not call a DSLR or a mirrorless "Smart Vision". Let me think...

I believe that Ricoh really pushes the Theta and GR series as they are likely very high profit units. And Theta is probably holding the largest market share of 360 cameras. They also have a Theta that is sold for business use only, (as is the IR 645)

**Rondec** · 05-13-2020, 03:18 AM

Originally posted by monochrome

Essential Pandemic debate:
1) Buy gear to support the Pentax finances?
2) Sell gear to support the monochrome finances?

I don't buy gear to support Pentax's finances. I do it to replace gear that is getting to the end of its life cycle or to take care of holes in my line up. My K3 is getting old and the new APS-C camera could fill that need. The DFA *85 definitely looks exciting to me as well. I'm probably looking at both, eventually...

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05-12-2020, 10:26 AM	#16
bladerunner6 Pentaxian Join Date: Nov 2014 Photos: Albums Posts: 2,080	Originally posted by Kunzite Perhaps we shouldn't try making too much of this. Wasn't Fujifilm relying on the Instax a lot? Yes, Instax is a way bigger business and I assume with better margins. Instant Film, Not Digital Cameras Is the Main Reason Fujifilm Is Doing So Well \| Fstoppers

05-12-2020, 10:28 AM	#17
Serkevan Site Supporter Join Date: May 2019 Photos: Albums Posts: 5,976	Originally posted by bladerunner6 Yes, Instax is a way bigger business and I assume with better margins. Instant Film, Not Digital Cameras Is the Main Reason Fujifilm Is Doing So Well \| Fstoppers With how ridiculously expensive Instax film is (something over 1€ per photo in Germany!) I'm not surprised in the slightest.

05-12-2020, 11:12 AM - 3 Likes	#18
monochrome Loyal Site Supporter Join Date: Mar 2008 Location: Working From Home Photos: Gallery \| Albums Posts: 26,276	Essential Pandemic debate: 1) Buy gear to support the Pentax finances? 2) Sell gear to support the monochrome finances?

05-12-2020, 11:39 AM - 2 Likes	#19
TedH42 F/8 & Somewhere Join Date: Dec 2011 Location: Colorado Photos: Gallery Posts: 1,412	Originally posted by monochrome Essential Pandemic debate: 1) Buy gear to support the Pentax finances? 2) Sell gear to support the monochrome finances? That's easy: both.

05-12-2020, 11:43 AM	#20
Wasp Pentaxian Join Date: Mar 2017 Location: Pretoria Photos: Gallery Posts: 4,660	Originally posted by monochrome Essential Pandemic debate: 1) Buy gear to support the Pentax finances? 2) Sell gear to support the monochrome finances? 1) I don't see that as a good reason to buy gear. A better answer would be "because I don't have one those yet." Unless you plan to buy a lot of gear, your purchase won't make any significant difference to the Pentax finances. 2) I don't have a good feeling about this. In the coming months there might be a lot of gear on the market from folks who need to support their finances. This will drive down prices and your sale will not make a significant difference to your finances. I haven't seen much evidence of such a downturn yet, but only time will tell.

05-12-2020, 05:15 PM - 1 Like	#21
monochrome Loyal Site Supporter Join Date: Mar 2008 Location: Working From Home Photos: Gallery \| Albums Posts: 26,276	Originally posted by Wasp 1) I don't see that as a good reason to buy gear. A better answer would be "because I don't have one those yet." Unless you plan to buy a lot of gear, your purchase won't make any significant difference to the Pentax finances. 2) I don't have a good feeling about this. In the coming months there might be a lot of gear on the market from folks who need to support their finances. This will drive down prices and your sale will not make a significant difference to your finances. I haven't seen much evidence of such a downturn yet, but only time will tell. 1) I’m pretty average. I typically buy a new car at the absolute high month for new car sales in that cycle. If I buy gear lots of other people are probably buying gear, so by extensions it does affect Pentax finances. 2) I have enough.gear that a concerted effort to sell gear would change my financial position.

05-12-2020, 07:27 PM	#22
ramseybuckeye Site Supporter Join Date: Apr 2009 Location: Hampstead, NC Photos: Gallery Posts: 17,291	Originally posted by AfterPentax The problems with Covid-19 will reflect more on Q1 2020 and later. The financial year ended close to the beginning of the problems with Covid-19 so do not influence the results heavily yet. Ricoh/Pentax camera's is part of Smart Vision and is not mentioned where the Theta's and the GR's are mentioned in a positive way. Now I would not call a DSLR or a mirrorless "Smart Vision". Let me think... I believe that Ricoh really pushes the Theta and GR series as they are likely very high profit units. And Theta is probably holding the largest market share of 360 cameras. They also have a Theta that is sold for business use only, (as is the IR 645)

05-13-2020, 03:18 AM	#23
Rondec Loyal Site Supporter Join Date: Mar 2009 Location: Gladys, Virginia Photos: Gallery Posts: 27,653	Originally posted by monochrome Essential Pandemic debate: 1) Buy gear to support the Pentax finances? 2) Sell gear to support the monochrome finances? I don't buy gear to support Pentax's finances. I do it to replace gear that is getting to the end of its life cycle or to take care of holes in my line up. My K3 is getting old and the new APS-C camera could fill that need. The DFA *85 definitely looks exciting to me as well. I'm probably looking at both, eventually...