Posts Tagged ‘financial’

Olympus Stands to Post a Profit in 2014 as Mirrorless Sales Climb

800px-BJ_北京_Beijing_王府井大街_Wangfujing_Street_Olympus_Camera_好友世界商場_Haoyou_Emporium_Aug-2010

Olympus’ decision to put all its chips on the mirrorless market seems to be paying off, with the once-troubled company finally poised to register a profit next year after several quarters of losses. Read more…

Crunching the Numbers: Four Insights We Can Glean from Camera Sales Data

Feel free to use this image just link to www.rentvine.com

With every passing year, the digital camera sales dataset offered by the Camera and Imaging Products Association (CIPA) grows more comprehensive. These records are made available to the public by this coalition of camera manufacturers which includes Nikon, Canon, Fujifilm, Sony, Sigma, Ricoh, Olympus, and dozens of other recognizable brands. Since 2002, they’ve been improving and increasing the scale of their database, which now separates digital cameras into fixed-lens, mirrorless and DSLR categories, and reports sales figures for different regions.

It sometimes seems that commentators are primarily interested in the CIPA data to prove just how far up a creek camera manufacturers are so far this decade. But these depressing pronouncements are just scratching the surface. Here’s some other things the data shows: Read more…

Nikon Stock Down Almost 24 Percent Year-to-Date, Worst Underperformer in the Nikkei

nikond600

Nikon’s stock is down, and down bad, according to a report by Reuters. Although the report starts by saying that Nikon is currently up 0.8%, it continues on by revealing that:

Nikon is down 23.6 percent year-to-date and is the worst underperformer in the Nikkei this year, while the benchmark has rallied nearly 49 percent.

Read more…

Canon Cuts Financial Forecast as Sales of ILCs Decline for the First Time

13-08-08-hongkong-by-RalfR-099

Leading international camera maker Canon cut its annual profit forecast Thursday, revealing that sales of interchangeable-lens cameras are slowing for the first time ever. Read more…

Conglomerates or Camera Companies?

printer

In the corporate world, diversification is a way of life. As multinational conglomerates like PepsiCo can tell you, spreading out business over multiple sectors protects a company from economic shocks to any one industry, and opens up access to more markets.  A quick peek at SEC filings for some of the most prominent camera manufacturers reveals that many of them have made a strong effort to put this concept into practice, and you might be surprised at how small a role consumer photography plays in their annual sales.
Read more…

Kodak Officially Emerges from Chapter 11 Bankruptcy

kodaksite1

It’s been a long and depressing tunnel, but Kodak has finally reached the light at the end. Over a year and a half after declaring Chapter 11 Bankruptcy, the once-great camera giant officially reached the end of its financial troubles yesterday. Read more…

Kodak Lost $1.38 Billion in 2012, Hopes to Leave Bankruptcy in Mid-2013

kodakloss

Kodak burned historic amounts of money in 2012, but is apparently still on track to leave bankruptcy sometime this year. The company released an annual report with performance figures and messages to investors. One of the glaring numbers in the statement was the fact that company lost $1.38 billion in 2012, almost double the amount it lost in 2011.
Read more…

Corporate Japan Wants Less Oversight In the Wake of the Olympus Scandal

The Olympus scandal that rocked the business world last year was one of the biggest cases of financial fraud ever seen in corporate Japan. The Economist has published an interesting piece on why Japanese capitalism might not learn from the mistake:

At one point Olympus’s shares lost about 80% of their value, yet its institutional shareholders uttered not “one word” of criticism against the company’s board [...] For many, the Olympus scandal highlighted the need for more checks and balances. Mr Woodford (pictured), whose angry memoir is to be published this month, likens Japanese boardrooms to “Alice in Wonderland”. They need more assertive shareholders and regulators, and more independent directors, he reckons.

Keidanren, Japan’s big-business lobby, appears to have drawn the opposite conclusion. Olympus had three external directors, a high number for Japan [...] The problem, in Keidanren’s view, was too much external scrutiny.

After the United States was rocked by its own series of financial scandals in the early 2000s, the government increased regulation by passing the controversial Sarbanes–Oxley Act of 2002.

After the Olympus scandal, Japan Inc wants less scrutiny [The Economist]


Image credit: Photo illustration based on The Donatello Boardroom by ShellVacationsHospitality and Search. by Jeffrey Beall

The Bleeding Continues: Kodak Reports Loss of $312 Million

It seems like Kodak is having a hard time figuring out how to getting its finances back in the black. Kodak has announced its 3rd quarter financial results, and the numbers aren’t pretty — they’re downright ugly, actually. Despite raking in $1 billion over the three-month period ending in September (down 19% from the same period last year), the company still posted a net loss of $312 million (up from a loss of $222M during the same period last year).
Read more…

Canon Revenue Down 13%, Profit Drops 42% to $908 million

Canon released its quarterly financial results yesterday, and things aren’t looking so rosy based on Q3 2012. Revenue has fallen 13% to $10.3 billion from the same period last year, and profit dropped 42% to $908 million.
Read more…