Pentax only constitutes 25% of Hoya's consolidated sales, but nevertheless registered a small profit for the quarter and performance was actually better year-on-year (page 9 of the report).
This has to seen in the context of a price cutting business environment as Japan faces deflationary pressures. Hoya is still profitable and the profit margin is pretty decent, but I would expect a better quarter ending March 2010 for Pentax.
Go back to sleep folks nothing out of the ordinary here. :bsmilie: