This is all financial engineering stuff done by the Mergers & Acquisition people. They look at the sales/marketing end of the business and say, "Wow, Hoya and Pentax have some strengths in the marketplace with buyers." Then they look at the the manufacturing/distribution side of the business and say, "Wow, they could do that a lot cheaper if they consolidated operations." So the financial guys 'engineer' a more profitable new enterprise. (Sometimes the results workout, sometimes they don't - the M & A people get their money up front!) Regards, Bob S.
On 12/21/06, Bertil Holmberg <[EMAIL PROTECTED]> wrote: > > Pentax is a valuable trademark, and its value is increasing now > > with the K-series dslrs. I do not think they will leave it. > > More info from DCWatch. Twice as large and much more profitable HOYA > is swallowing Pentax but I'm sure they will keep their trade marks. > Will this mean HOYA glass in Pentax lenses? > > > Basic agreement for HOYA, Pentax, and business integration > > The digital camera maintains the imaging business of Pentax. > > HOYA Ltd. and Pentax Ltd. announced that it basic agreed for the two > companies to amalgamate on the 21st and October 1, 2007, and to do > the management integration. The surviving company becomes HOYA. The > name of the company of a new company is "HOYA Pentax HD (Eitide) Ltd.. " > > President and Representative Director present Pentax Fumio Urano > assumes the position of the new company director chairman and Hiroshi > present HOYA representative execution post CEO Suzuki assumes the > position of representative execution post CEO respectively. In > integration, the common stock 0.158 stocks a common stock stock of > Pentax of HOYA are allocated. > > The two companies assume optics, the image, and the material to be a > common technological base by business integration, and aim at the > optimization of the business centering on each field of the life > care, Optx, the information electronics, the eye caring, and the > imaging system. Additionally, earnings to which the information > electronics field and the eye caring field are steady are turned on, > and it aims at strategic growth in the life caring field. In > addition, the business structure is qualitatively converted by the > vertical integration, and strengthening competitive edge is aimed at > in the Optx field. > > After it integrates it, each business field where "Business section > to which the authority is transferred with a small headquarters" was > assumed to be an indicator is reorganized. In a new company, it is > assumed that HOYA and the brand of Pentax of each business field are > made the best use of. > > In the imaging system fields such as digital cameras and binoculars, > the imaging business of Pentax is maintained. The differentiation is > aimed at with the high value-added product, and it specializes in the > field where competitive edge can be demonstrated. The same field is > aimed at, and moreover, it locates, and the horizontal development is > aimed at with the mother's body that invents a new technology of the > optical equipment system in the life caring field and the security > field. > > It is assumed that it wants to attempt differentiating by raising the > additional value that demonstrates the strong point of the two > companies in each field for the intensification of the competition by > the entry of gaining power Asian power and the appliance maker etc. > in the digital camera field, and centers on the technology in > addition to cost competitiveness. > > In the Optx fields of the optical glass, the lens, and the digital > camera module, etc. , the Optx business of HOYA and the optical > component business of Pentax are integrated. The material lens, the > processing, and the vertical integration to the module are aimed at > from the design, cost competitiveness is improved, and the > technological development power is strengthened at the same time. > Moreover, the competitive edge that can correspond to the industry > structure change in the future including Asian power is secured by > using HOYA, the manufacturing base of Pentax, and the customer base > mutually. > > In the life caring field such as endoscopes, a medical business of > HOYA and the life caring business of Pentax are integrated. The same > field is aimed at, and it locates, and consistent development from > the diagnosis to treatment is aimed at with the strategic growth > field. Moreover, it aims at doubling the business scale by expanding > the improvement of the product development power by the research and > development investment and M&A and business and the marketing body > poses. > > The information electronics field such as the glass magnetic disks > separates the Optx business from the electro Optx field of HOYA. It > enhances competitiveness as a center business of the earning power > after it integrates it and growth is aimed at. > > The eye caring field of glasses and the contact lens separates a > medical business from the eye caring field of HOYA. It aims at the > information electronics field and a center business and the location > growth that queues up from can the expectation of stable growth. > > In other fields, the business of the two companies is maintained. The > research and development section unites the R&D center of HOYA and > the research and development headquarters of Pentax as a Corporate > section. It improves the efficiency of the business selecting and > intensively in the new field such as the measurement equipment where > earnings or more are expected in the future while invested positively. > > The two companies set up the integrated preparation committee that > makes Hiroshi Suzuki execution by proxy post CEO of HOYA and > President and Representative Director Fumio Urano of Pentax for > management and the business in a new company after it integrates it a > mirror trunk chairman. It is assumed, it is, and "An excellent each > two companies, point is brought together in this committee, and a new > system is produced jointly" in various systems. > > HOYA Pentax HD that is a new company continues listing to the first > in the Tokyo Stock Exchange market that HOYA is listing now. New > stock reservation right etc. of the number of issue schedule stocks > and the Pentax luminescence because of the address of a new home > office of a company, total assets, the capital, and the amalgamation > are assumed to make it public as soon as it fixes. > > HOYA has the world top share in the glass magnetic disk base for > Mascbrancs and HDD related to the semiconductor. Moreover, the > optical glass and the lens bear the corner of the leading company. > The consolidated sales amount at the period on March, 2006 is 344 > billion yen, operating profit 101 billion yen, and gross profit 75.6 > billion yen. The number of employees is 3,338 people. > > Pentax is developing the endoscope etc. in the medical equipment > field in addition to sales of the digital camera and the digital > camera module. Sales at the period on March, 2006 are 142.2 billion > yen, the operating profit three billion yen, and the gross profit 800 > million yen. The number of employees is 1,336 people. > > -- > PDML Pentax-Discuss Mail List > PDML@pdml.net > http://pdml.net/mailman/listinfo/pdml_pdml.net > -- PDML Pentax-Discuss Mail List PDML@pdml.net http://pdml.net/mailman/listinfo/pdml_pdml.net
