Hoya announced financial results for the 2nd quarter


Status
Not open for further replies.

istDeS

Senior Member
Dec 7, 2005
4,249
10
0
"River end"
#1
Summary of financial results meeting for the three months ended 30 September 2008.
http://www.hoya.co.jp/english/investor/2009_2Q_meeting_summary.pdf


The Pentax digital camera segment performance in general quoted from the hoya summary memo.

Pentax:digital cameras

・ This segment features a very hard-fought struggle compared with the same term last
year. The effects of exchange rates were relatively minor until the 2Q and POS demand
varies from country to country. However, in France for example, it declined suddenly in
August, while the same happened in Germany slightly earlier and likewise in the U.S., it
declined in July and August. According to the monthly shipment statistics issued by the
CIPA, until September they were riding on the crest of a wave and shipping of newly
manufactured items continued relatively briskly one after the other, but around summer,
in-store sales clearly started slowing down with lost momentum, as seen in the
year-on-year increases of 15% or 20% they had enjoyed up to then. Our sales also
decreased significantly on a year-on-year basis, with accumulated stocks and
production and marketing carried out while keeping the market conditions in mind.
Another factor was price; there was a significant drop in unit prices. The decline in the
unit prices of compact digital cameras had a particularly grave impact, given the advent
of a new low-end product at 79 dollars finally realized. This unit price decline was
damaging to us, in terms of both sales and profits.

・ Essentially, the products we are now producing and selling were developed last
summer or autumn, with a roadmap that lacked strategy in my view. As I said in the
previous meeting, we remade a completely new roadmap for the next fiscal year in
accordance with the "scrap & build" policy: creating unique cameras of a new and
different field, and releasing and commencing the marketing of interchangeable lenses
at the same time as new cameras. As for new products for this year, a new single-lens
reflex camera K-m model (an entry level high-end model) was launched about two
weeks ago, while new compact digital cameras have also been released on a quarterly
basis. Next year, we are planning to launch some three types, including minor design
change versions, of single-lens reflex (SLR) cameras. With a desire to offer cameras
which will demonstrate our advantages, as announced in the Photokina held in
Germany, we will relaunch ourselves next year as a manufacturer of all-weather
cameras which are strong outdoors, highly water-resistnat, splash-proof, and dustproof,
small and light, easily portable and tough (durable).

not surprising as we all know this segment faced tough competitions and good things to note they have remade a new roadmap. Next year, they are planning to launch some three types, including minor design change versions, of single-lens reflex (SLR) cameras.:)
 

darrrrrrrrrr

Senior Member
Sep 19, 2006
3,209
5
38
30
Singapore
#2
yeah man, new cameras next year!

maybe it'll be time to move up to K20D!
 

fengwei

Moderator
Staff member
Aug 25, 2004
14,462
12
0
Queenstown
www.pbase.com
#3
It's good to know that Pentax is gonna release several new dSLR cameras. Don't know if I'd upgrade my K20D though, it's such a nice camera already :)
 

kkleong

New Member
Jan 21, 2005
190
0
0
In The Wilderness
#4
Retail unit price hadn't really drop as had been the case as in US or Europe.

Due to these difficult times, I thought newer model of lenses and cameras would be slower in coming onto the market :confused:
Prices would then rise due to the Japanese Yen.
Not a good time for photographer :(

I think it's also affecting other camera manufacturers as well.
Just hope that Pentax policy is right & able to pull through these difficult times.
 

Status
Not open for further replies.
Top Bottom