Hoya Quarterly Report for the three months ended Dec. 2009

openyourap · 02-10-2010, 09:50 AM

Not sure if this has been posted yet. . .

Hoya has released their 4th quarter financial report.

amateurphotographer.co.uk has posted a downbeat article on it.

ghelary · 02-10-2010, 10:48 AM

Quote:

Pentax
In medical endoscopes, restrained buying by medical organizations in the wake of the financial crisis contributed to a fall in earnings for the quarter relative to the same quarter a year ago.
In the digital camera area, there were new products introduced to the market which generated interest, so the number of single-lens reflex cameras sold increased relative to the same period last year, while overall earnings decreased due to tough price competition.
As a result, segment sales during the quarter were 27,669 million yen. In terms of operating profit and loss, the effects of cost reduction achieved via reorganization during the previous year led to a profit of 1,192 million, a significant improvement in profitability compared to the same quarter a year ago.

It looks not too bad to me. The decrease in earning shall be visible with every camera company given current price war.

Samsungian · 02-10-2010, 11:03 AM

At very bottom of report I see all negatives for "Pentax"

What am I missing ?

And the AP article you linked:

>"

Wednesday 10th February 2010
Chris Cheesman

A cut-throat DSLR price war has been blamed for a 19.9% fall in sales of Pentax camera products for the nine months to 31 December 2009 compared to the same period a year earlier.

In a statement accompanying its latest financial results, Hoya Corporation, which owns Pentax, said: 'In the digital camera area there were new products introduced to the market which generated interest, so the number of single lens reflex cameras sold increased relative to the same period last year.'

But, added Hoya: 'Overall earnings decreased due to tough price competition.'

Hoya, which took over Pentax in 2008, predicts a 15.2% drop in Pentax sales for the first three months of 2010, compared to the same period in 2009.

<"

asdf · 02-10-2010, 11:12 AM

Originally posted by openyourap

Not sure if this has been posted yet. . .

Hoya has released their 4th quarter financial report.

amateurphotographer.co.uk has posted a downbeat article on it.

Look at the operating income. Negative in '08. Positive in '09. End of story.

Nass · 02-10-2010, 11:15 AM

asdf: spot on. Turnover is vanity. Profit is sanity.

stanleyk · 02-10-2010, 11:27 AM

OH NO, the sky is falling. Pentax is going out of business.....

Cue in the 4000th post about your Canon camera.

Alfisti · 02-10-2010, 11:46 AM

WHat abou tlenses? They jumped in price, where are those results?

Samsungian · 02-10-2010, 11:47 AM

Dude,

I've only got 987 total posts here, some 13 posts before I am "PENTAXIAN"

I'm excited !!!

And I still own Pentax gear, though I have been selling some of my treasures

Originally posted by stanleyk

OH NO, the sky is falling. Pentax is going out of business.....

Cue in the 4000th post about your Canon camera.

jeffkrol · 02-10-2010, 11:52 AM

As a result, segment sales during the quarter were 27,669 million yen. In terms of operating profit and
loss, the effects of cost reduction achieved via reorganization during the previous year led to a profit of
1,192 million, a significant improvement in profitability compared to the same quarter a year ago.

Adding chart: Pentax has a bubble.......

pingflood · 02-10-2010, 11:57 AM

Originally posted by Alfisti

WHat abou tlenses? They jumped in price, where are those results?

Well, how much of that jump was due to the strength of the Yen?

Kunzite · 02-10-2010, 11:59 AM

R&D expenses increased by ~60%, compared with the previous quarter. That's for all of Pentax, including the medical division... but I can't help thinking, maybe they're preparing some "goodies"

older not wiser · 02-10-2010, 01:04 PM

It seems that Pentax are not playing the price cutting game. This has resulted in a 20% drop in sales in 2009, with another 15% drop in the first quarter of this year compared to last year. So this situation seems to be as a result of Hoya's strategy. see link below.

DSLR camera price war blamed for 20% slide in Pentax sales news - Amateur Photographer - news, camera reviews, lens reviews, camera equipment guides, photography courses, competitions, photography forums

Nass · 02-10-2010, 01:10 PM

Damm. That's a mighty fine chart.

*impressed*

**monochrome** · 02-10-2010, 01:16 PM

Originally posted by asdf

Look at the operating income. Negative in '08. Positive in '09. End of story.

Originally posted by Nass

asdf: spot on. Turnover is vanity. Profit is sanity.

+1

The fun begins when they have to ramp up volume production and they have to actually hire and train new workers, rather than laying off old workers.

Productivity is great in the early phases of economic recovery - then the piper extends his hand . . .

16N64 · 02-10-2010, 01:34 PM

Seems geography is not their strongest skill, quote from page 11:

"Europe: Netherlands, Germany, United Kingdom, etc., including South Africa"

02-10-2010, 09:50 AM	#1
openyourap Senior Member Join Date: Jun 2009 Location: Sydney Photos: Gallery \| Albums Posts: 171	Hoya Quarterly Report for the three months ended Dec. 2009 Not sure if this has been posted yet. . . Hoya has released their 4th quarter financial report. amateurphotographer.co.uk has posted a downbeat article on it.

02-10-2010, 11:03 AM	#3
Samsungian Veteran Member Join Date: Jul 2008 Location: Colorado USA Posts: 1,337	At very bottom of report I see all negatives for "Pentax" At very bottom of report I see all negatives for "Pentax" What am I missing ? And the AP article you linked: >" Wednesday 10th February 2010 Chris Cheesman A cut-throat DSLR price war has been blamed for a 19.9% fall in sales of Pentax camera products for the nine months to 31 December 2009 compared to the same period a year earlier. In a statement accompanying its latest financial results, Hoya Corporation, which owns Pentax, said: 'In the digital camera area there were new products introduced to the market which generated interest, so the number of single lens reflex cameras sold increased relative to the same period last year.' But, added Hoya: 'Overall earnings decreased due to tough price competition.' Hoya, which took over Pentax in 2008, predicts a 15.2% drop in Pentax sales for the first three months of 2010, compared to the same period in 2009. <"

02-10-2010, 11:47 AM	#8
Samsungian Veteran Member Join Date: Jul 2008 Location: Colorado USA Posts: 1,337	Dude, I've only got 987 total posts here, 13 posts before I am "PENTAXIAN" Dude, I've only got 987 total posts here, some 13 posts before I am "PENTAXIAN" I'm excited !!! And I still own Pentax gear, though I have been selling some of my treasures Originally posted by stanleyk OH NO, the sky is falling. Pentax is going out of business..... Cue in the 4000th post about your Canon camera.

02-10-2010, 11:52 AM	#9
jeffkrol Veteran Member Join Date: Sep 2006 Location: Wisconsin USA Photos: Gallery Posts: 8,434	It's OK ma.. for now. ;) As a result, segment sales during the quarter were 27,669 million yen. In terms of operating profit and loss, the effects of cost reduction achieved via reorganization during the previous year led to a profit of 1,192 million, a significant improvement in profitability compared to the same quarter a year ago. Adding chart: Pentax has a bubble....... Last edited by jeffkrol; 02-10-2010 at 01:01 PM.

02-10-2010, 01:16 PM	#14
monochrome Loyal Site Supporter Join Date: Mar 2008 Location: Working From Home Photos: Gallery \| Albums Posts: 26,276	Originally posted by asdf Look at the operating income. Negative in '08. Positive in '09. End of story. Originally posted by Nass asdf: spot on. Turnover is vanity. Profit is sanity. +1 The fun begins when they have to ramp up volume production and they have to actually hire and train new workers, rather than laying off old workers. Productivity is great in the early phases of economic recovery - then the piper extends his hand . . . Last edited by monochrome; 02-10-2010 at 02:37 PM.

02-10-2010, 10:48 AM	#2
ghelary Veteran Member Join Date: Jul 2008 Location: Paris, France Photos: Gallery Posts: 613	Quote: Pentax In medical endoscopes, restrained buying by medical organizations in the wake of the financial crisis contributed to a fall in earnings for the quarter relative to the same quarter a year ago. In the digital camera area, there were new products introduced to the market which generated interest, so the number of single-lens reflex cameras sold increased relative to the same period last year, while overall earnings decreased due to tough price competition. As a result, segment sales during the quarter were 27,669 million yen. In terms of operating profit and loss, the effects of cost reduction achieved via reorganization during the previous year led to a profit of 1,192 million, a significant improvement in profitability compared to the same quarter a year ago. It looks not too bad to me. The decrease in earning shall be visible with every camera company given current price war.

02-10-2010, 11:12 AM	#4
asdf Veteran Member Join Date: Jan 2009 Location: Canada Posts: 1,252	Originally posted by openyourap Not sure if this has been posted yet. . . Hoya has released their 4th quarter financial report. amateurphotographer.co.uk has posted a downbeat article on it. Look at the operating income. Negative in '08. Positive in '09. End of story.

02-10-2010, 11:15 AM	#5
Nass Veteran Member Join Date: Aug 2009 Location: The British Isles Photos: Gallery Posts: 2,402	asdf: spot on. Turnover is vanity. Profit is sanity.

02-10-2010, 11:27 AM	#6
stanleyk Veteran Member Join Date: Mar 2009 Location: Taylor, Texas Posts: 1,018	OH NO, the sky is falling. Pentax is going out of business..... Cue in the 4000th post about your Canon camera.

02-10-2010, 11:46 AM	#7
Alfisti Veteran Member Join Date: Mar 2007 Location: Toronto (for now) Posts: 1,748	WHat abou tlenses? They jumped in price, where are those results?

02-10-2010, 11:57 AM	#10
pingflood Veteran Member Join Date: Jun 2008 Location: Borås, Sweden Photos: Gallery Posts: 3,169	Originally posted by Alfisti WHat abou tlenses? They jumped in price, where are those results? Well, how much of that jump was due to the strength of the Yen?

02-10-2010, 11:59 AM	#11
Kunzite Pentaxian Join Date: Apr 2007 Location: Romania Posts: 15,132	R&D expenses increased by ~60%, compared with the previous quarter. That's for all of Pentax, including the medical division... but I can't help thinking, maybe they're preparing some "goodies"

02-10-2010, 01:04 PM	#12
older not wiser Senior Member Join Date: Dec 2009 Location: East Yorkshire Posts: 120	It seems that Pentax are not playing the price cutting game. This has resulted in a 20% drop in sales in 2009, with another 15% drop in the first quarter of this year compared to last year. So this situation seems to be as a result of Hoya's strategy. see link below. DSLR camera price war blamed for 20% slide in Pentax sales news - Amateur Photographer - news, camera reviews, lens reviews, camera equipment guides, photography courses, competitions, photography forums

02-10-2010, 01:10 PM	#13
Nass Veteran Member Join Date: Aug 2009 Location: The British Isles Photos: Gallery Posts: 2,402	Damm. That's a mighty fine chart. impressed

02-10-2010, 01:34 PM	#15
16N64 Inactive Account Join Date: Nov 2009 Location: Former capitol of Germany Posts: 63	Seems geography is not their strongest skill, quote from page 11: "Europe: Netherlands, Germany, United Kingdom, etc., including South Africa"

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