Konica Minolta sees big loss, steps up restructuring

Duron · 5th November 2005

this is a bit worrying

http://in.today.reuters.com/news/new...a-222176-1.xml

synapseman · 5th November 2005

This also happened some time back, early October:

Konica Minolta to liquidate Canadian unit

No Konica Minolta DCs for Canada

raincool2005 · 5th November 2005

what they need to is to concentrate more on china and asia pacific..

Duron · 8th November 2005

more news here

http://www.japantoday.com/e/?content...at=4&id=354388

or good news?

http://australianit.news.com.au/arti...nbv%5E,00.html

hafele · 8th November 2005

So jialat... When Sony joined the force, it seems to be a bright future and foresee another giant in digital imaging market...

But now ... drastically cut the photo-imaging department...

A3, 7D II, 9D, more SSM lens ........

TME · 8th November 2005

Read the news carefully.... the losses are due to
1) Restructuring costs
2) Faster than anticipated decline in the film market, which they should have seen coming...

Good news:
1) They will not pull out from any segment of business that they are currently in except for analogue film products. As of now that is good news. It may change in the future.

2) They are going to concentrate on DSLR market for it's very high profit margins as compared to high cost low profit consumber digicams where there is a very intense price and features war going on. And KM is in no position to fight this battle at the moment.

I rather suspect the company has to rebuild its camera reputation again from the point of view of DSLRs. Unless its top-end cameras gain the respect of the pros and the general public, it's always going to be a hard steep climb to conquer the consumer digicam market. Most buyers in this category depend on hearsay and reputation rather than simply design and features.

I'm rather hoping that KM will not find the digital imaging business so unattractive as to pull out. The Australian report gave a lot more details as to their bottomline. It seems that all divisions earned better than the previous year and the going into the red seems entirely due to restructuring costs and failure to anticipate the intense competition and spectacular collapse of the film market. The worrying thing is that their marketing team is really way off the mark... hopefully they can put someone with more marketing savvy into the market forecasting department...

tokrot · 8th November 2005

Not really bad news... They are instead stepping up the DSLR market..

Got the links from KM Dpreview forum

http://www.japantoday.com/e/?content...at=4&id=354388

TME · 8th November 2005

Originally Posted by tokrot

Not really bad news... They are instead stepping up the DSLR market..

Got the links from KM Dpreview forum

http://www.japantoday.com/e/?content...at=4&id=354388

In a sense yes, its good news but the blunder by marketing forecast pretty worrying especially in a multinational where if they made the wrong call, it should have been very clear 6 months into their latest roadmap... they are not nimble enough to change tack when the going gets rough... they may not survive if that continues...

5th November 2005	#1
Duron Member Join Date: Oct 2002 Location: Shenzen Posts: 104	Konica Minolta sees big loss, steps up restructuring this is a bit worrying http://in.today.reuters.com/news/new...a-222176-1.xml __________________ Frozen In Time

5th November 2005	#2
synapseman Senior Member Join Date: May 2003 Location: State of Confusion Posts: 2,089	Re: Konica Minolta sees big loss, steps up restructuring This also happened some time back, early October: Konica Minolta to liquidate Canadian unit No Konica Minolta DCs for Canada __________________ The synapseman uses Sony Alpha system & Corel Paint Shop Pro Photo X2.

5th November 2005	#3
raincool2005 Senior Member Join Date: Sep 2005 Location: Raffles Place Posts: 1,694	Re: Konica Minolta sees big loss, steps up restructuring what they need to is to concentrate more on china and asia pacific..

8th November 2005	#4
Duron Member Join Date: Oct 2002 Location: Shenzen Posts: 104	Re: Konica Minolta sees big loss, steps up restructuring more news here http://www.japantoday.com/e/?content...at=4&id=354388 or good news? http://australianit.news.com.au/arti...nbv%5E,00.html __________________ Frozen In Time Last edited by Duron; 8th November 2005 at 02:57 PM.

8th November 2005	#5
hafele Member Join Date: Jul 2004 Posts: 201	Re: Konica Minolta sees big loss, steps up restructuring So jialat... When Sony joined the force, it seems to be a bright future and foresee another giant in digital imaging market... But now ... drastically cut the photo-imaging department... A3, 7D II, 9D, more SSM lens ........

8th November 2005	#6
TME Senior Member Join Date: Jan 2002 Location: Clementi Posts: 6,188	Re: Konica Minolta sees big loss, steps up restructuring Read the news carefully.... the losses are due to 1) Restructuring costs 2) Faster than anticipated decline in the film market, which they should have seen coming... Good news: 1) They will not pull out from any segment of business that they are currently in except for analogue film products. As of now that is good news. It may change in the future. 2) They are going to concentrate on DSLR market for it's very high profit margins as compared to high cost low profit consumber digicams where there is a very intense price and features war going on. And KM is in no position to fight this battle at the moment. I rather suspect the company has to rebuild its camera reputation again from the point of view of DSLRs. Unless its top-end cameras gain the respect of the pros and the general public, it's always going to be a hard steep climb to conquer the consumer digicam market. Most buyers in this category depend on hearsay and reputation rather than simply design and features. I'm rather hoping that KM will not find the digital imaging business so unattractive as to pull out. The Australian report gave a lot more details as to their bottomline. It seems that all divisions earned better than the previous year and the going into the red seems entirely due to restructuring costs and failure to anticipate the intense competition and spectacular collapse of the film market. The worrying thing is that their marketing team is really way off the mark... hopefully they can put someone with more marketing savvy into the market forecasting department...

8th November 2005	#7
tokrot Member Join Date: Jun 2003 Posts: 1,243	Re: Konica Minolta sees big loss, steps up restructuring Not really bad news... They are instead stepping up the DSLR market.. Got the links from KM Dpreview forum http://www.japantoday.com/e/?content...at=4&id=354388 __________________ Colors of Photography through my eyes...