Thank you, I found that interesting (I'm not working today).
John
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----- Original Message -----
From: <GPaul64@xxxxxxx>
To: <olympus@xxxxxxxxxxxxxxx>
Sent: Friday, July 09, 1999 2:01 PM
Subject: Re: [OM] Japanese Camera Makers Post Strong Profits Last FY
> Hi folks,
>
> Just thought I would pass along the following for information pursposes,
but
> also to invite a little speculation. Anyone game?
>
> Regards,
>
> Greg Logiodice
> Nyack, NY
> http://www.gplphotography.com
>
>
>
> Japan Camera Makers Post Strong Operating Profits Last FY
>
> 07/06/1999
> Dow Jones International News
>
> TOKYO (Nikkei)--Japanese camera makers posted higher group operating
profits
> in their camera divisions last fiscal year due to strong sales and the
weaker
> yen, the Nihon Keizai Shimbun reported in its Wednesday morning edition.
>
>
> The popularity of digital cameras has grown along with improvements in
image
> resolution, while a recent camera boom has extended to models using
standard
> photographic film.
>
>
> Meanwhile, the weaker yen improved export profitability, as Japan's five
> major camera makers - Canon Inc. (CANNY or 7751), Asahi Optical Co. (J.AHO
or
> 7750), Minolta Co. (J.MNO or 7753), Nikon Corp. (J.NIK or 7731) and
Olympus
> Optical Co. (J.OLO or 7733) - have high export ratios.
>
>
> Minolta posted the largest increase in operating profit in its camera
> division. Though sales were flat, retailers sold a lot of inventory and
the
> company's high-end single-lens reflex "alpha-9" model strengthened its
> product lineup.
>
>
> The weak yen helped sharply improve the cost-to-sales ratio at Canon and
> Asahi Optical.
>
>
> Olympus enjoyed strong sales growth thanks to robust sales of its Camedia
> series of digital cameras, but saw its operating profit halved because of
its
> heavy investment burden in digital camera development.
>
>
> In the current fiscal year, Nikon expects to turn an operating profit on
> digital cameras, while Olympus projects an increased profit thanks to a
> lighter investment burden. The other three companies, however, predict
lower
> profits as the stronger yen takes a bite out of export profitability.
>
>
> The camera divisions at all five companies include eyeglasses and
binoculars,
> but depend mainly on camera sales.
>
>
> (END) Dow Jones Newswires 07-07-99
>
>
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