Originally posted by asdf page 3: "Under these circumstances [they refer to the bad economical times], sales of the HOYA group in the quarter under review increased mainly reflecting the additional results of PENTAX..."
page 4: "As for digital cameras, sales have decreased due to declined sales
volume of compact cameras, and revenue from single lens reflex cameras has also decreased as our new products faced severe price competitions with competitors."
I'm not an economist and will not pretend to understand all of such a document, where the numbers have many more digits than my own research budgets at the University. But I don't like it when people (some alarmists) are basically running in circles screaming "the sky is falling down"! Have we not already had this thread on the same document?
So Hoya makes profit from Pentax (their increased sales is mainly from Pentax), but this is the endoscope part because the cameras decrease in sale due to "price competition". Now, this is a decrease since last 6 month period. Not hugh. If you look in the statistics for the whole year they are not worth much for Pentax because the last year corresponding 6 month period is just left blank for Pentax since they just about baught Pentax at that time. I would say jumping to any conclusions about Pentax or Hoyas future based on this is just an activity for very nervous people. Sit down in the boat and wait for real proper statistics, and still don't wait for wonders. A consolidation of Pentax into Hoya will first cost and the world economy is spinning down.
But two things strikes me as interresting:
!) Pentax is presented in the statistics including the endoscope production, so they have not yet cut that out of Pentax, even though this is supposed to have been why Hoya baught Pentax. What does that mean? I thought they would have moved that part of old Pentax into their own medical optics by now leaving the cameras with Pentax.
2) Pentax assets are almost as big as those of the Hoya optical section and rougly 1/3 of the total Hoya assets! Wow! And those are probably the lest uncertain numbers here. How come? I had got the impression that Hoya was the hugh company buying the small company Pentax. OK, Hoya has much more employees, but in assets the difference is not so large.