Ricoh’s latest financial results

“Digital camera sales declined due to the reduction of lineup.”

Ricoh published their latest financial results (Q2 of FY2018). Here is the info related to their camera business – sales of the Smart Vision segment (= Ricoh Imaging) went down from ¥13.8bn during H1 2017/03 tp ¥9.8bn during H1 2018/03 (-29%):

Sales in the Other segment increased by 11.8% to ¥98.4 billion as compared to the previous corresponding period. Though income and profit in optical equipment business mainly increased, it was offset by the decrease in income and profit in the camera business due to the decrease in amounts of sales of digital cameras. As a result, operating profit in the Other segment decreased by 59.2% as compared to the previous corresponding period, to ¥2.1 billion.

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  • neogomo

    Ricoh bring on the next gen. Ricoh GR. I think many are standing in the line for that one.

  • 5857521ManitobaInc

    remember the samsung nx-1? Ricoh should have released a 4k mirrorless along those lines with a kmount or a mirrorless medium format beast…
    the problem with listening to Pentax shooters for feedback is they’re usually cheap, older and set in thier ways of longing for the old days and seldom want anything cutting edge.

    • brz

      Hey, steady on, we also have feelings!

    • Kunzite

      Wow, that’s good. “Remember Samsung? Ricoh should’ve done the same”.

      • 5857521ManitobaInc

        you’re obviously too dumb or too young to know what the k10 was, go take a timeout and let the grownups talk, please.

        • Kunzite

          Wait. Is this… “k10” (K10D or K-01, I assume – likely the latter) the earliest Pentax camera you can remember? 😆

          • 5857521ManitobaInc

            well I did say “too dumb or too young” so if you’re not young, you kinda walked right into “dumb” didn’t you?
            the k10 d was made as a collaboration with Samsung and Samsung sold version of it under their own brand..

          • Kunzite

            You’ve shown a lot of maturity and intelligence by insulting me out of the blue.
            The K10D was made by Pentax, and so was the “Samsung GX-10”. The rebranded cameras had cosmetic differences – in the outer shell and firmware UI.
            Of course, it wasn’t the first Pentax DSLR rebranded as Samsung; the *istDS2 and *istDL2 preceded it.

  • PCUser

    The writing has been on the wall for a while, but what is really bizarre is that somehow Ricoh has enough money to pay someone from their offices in Romania to basically spam DPR and nearly every site and thread about Pentax on the web with alternative facts, often outright lying to prospective buyers about the lens roadmap, for instance. It’s as if they are just having a fire sale and being subtle about it.

    The K-1’s FW update to enhance features and fix numerous issues was never released and that employee stopped talking about it, which is telling. They released a 1.42, which was not what they promised. This is supposed to be their flagship and it’s already looking like support is ending, plus they no longer take input from endusers on the numerous issues.

    • you mean to do what Sony is doing 🙂

    • ZMWT

      This is a classic story of a digital post-industrial age theft with impunity. A former giant of the industrial age was facing transitional difficulties, when a band of marauders, smelling opportunity, come to lend a hand to “help it out”. That is, run for cheap for a while, while dismissing employees and grabbing the IP at steal prices, storing them deeply in own pockets. What was valuable in terms of optical wealth was sucked out by Hoya, the rest of camera IP swallowed in the belly of Ricoh, a giant with variable assets and digestive systems. Former entity was so incapacitated it could not operate as a quality consumer oriented entity anymore, but was forced to feed the bottom part of the market, now totally taken over by the smartphones. So it rapidly lost its market and touch with advanced users who moved on. Pentax online communities were similarly marauded, sucked out of sense and taken over by the oldies and that Transylvanian vampire.

      • Kunzite

        I’m not sure you realize, but Vlad Tepes (Vlad the Impaler) being a vampire is fiction, and not history.

    • Kunzite

      The one lying is you. Does Sony pay you well?

      • PCUser

        …and here he is, Alex Sarbu on DPR, numerous other names elsewhere, all from the offices of Ricoh Romania. Guilty conscience forced you to answer and out yourself, eh?

        • Kunzite

          Out myself, boy? Do you think I’m hiding from the likes of you? Hiding… by using my name?
          I dare you to prove your lies. For instance, any supposedly false claim I’ve made about lens roadmaps (and don’t fake it, give direct links to the posts). I dare you to say which user(s) you’re posting with on FPR, as there’s only one “pcuser”… registered in 2008, completely inactive.
          Any further post from you which won’t support your slander with proofs will further expose yourself as a liar.

          • PCUser

            You already outed yourself and confirmed it by answering You can’t take that back or cover that up like you do on DPR. Only Ricoh of Romania was mentioned and you came running, out of billions on the internet. The very person came running and flipped out.

          • Kunzite

            As I said, I’m not hiding – you are. Why, I wonder?
            So… me being here is a crime because…? Perhaps because you cannot find even ONE of my supposed lies? Come on, the one about roadmaps should be easy to find… if it exist, that is.

          • Kunzite

            By the way, it’s very amusing how I’ve caught you up slandering and your counterclaim is that you caught me up… being here.

        • Ron Hendriks

          Well for someone who claims to own camera gear and makes his being on the internet important on that, it is strange that we never saw any images……….

          • Kunzite

            Well, Ron, just yesterday we had a Pentaxian meeting in Bucharest, and the people there were able to see some of my images. For them, I did it gladly.
            OTOH, I hope you’re no longer bitter that I disagreed with you about the “Ricoh Imaging should cancel the K-1” thing.

          • Ron Hendriks

            I never was bitter about that.

      • Kunzite

        Let’s make a list of lies from that post:
        – “the writing has been on the wall” – we have the K-1, a nice set of FF zooms and the first D FA* prime will be announced in Spring. Ricoh Imaging is moving slowly, but in a good direction.
        – “their offices in Romania” – there’s no such thing. There’s a small Pentax/Ricoh Imaging distributor.
        – the “employee” stuff.
        – “to basically spam DPR” – there’s no such thing.
        – “alternative facts” – you can’t name ONE.
        – “lying to prospective buyers about the lens roadmap” – you can’t give ONE example.
        – “having a fire sale” – they wouldn’t plan to launch expensive high end lenses if that was the case.
        – K-1 “support is ending” – they’re launching more lenses, for Pete’s sake.
        Things that are misrepresented:
        – “stopped talking about it” – that firmware was mentioned by Ricoh Imaging in Spring, in the CP+ interview and no news since.

  • Kunzite

    I’m curious about this lineup reduction, as no Pentax product seems to be affected.

  • the biggest problem with Ricoh Pentax Photo division is lack of investment. As a side part of Ricoh business it is not threaten well. Look what sony did. They Invest lot of money. And it got back to them. This is classical story. Pentax had great FF lens projects from Analog times. I have some of them. there are some small great lenses like F 35-70 f/3.5-4,5 great street photo lens small versatile. what is lack of? only newest coating and voila. Same for FA 20-35, fish F 17-28 etc. What they a re doing? that are quite simple lenses. And what we got? 2 lens per year? what the heck. Sony have now more modern lenses!

    Hope Ricoh divide and all photo department will stand as solo company.

    • Kunzite

      I wouldn’t say “lack of investment” – we had some quite significant advances since Ricoh took over, to name some most important ones:
      – the first Pentax AF with subject recognition and tracking capabilities, coupled to a RGB metering system.
      – the FF DSLR line
      – the long lenses (still a way to go until they reach the film-era level, but much better than under Hoya)
      – new AF motors: PLM (on the market), ring-type SDM (Spring launch). The PLM is very fast, the ring-type SDM should be no slouch either.
      Next they might launch some of the finest primes on the market.

      But you’re right, Ricoh Imaging is (seemingly) not investing anywhere as much as Sony.

      • They do invest but not at proper level. They have nice new technology but there is lack of implementation. How many new KAF4 lenses? PLM? In two lenes? SDM? they are using old name for new tech who do that? .

        Pentax have great R&D but after putting something new they stop every single time for at least few year. K5 was a breakthrough. And what next? all pentax cameras stop to be top. KP was first that is best in class. Count for how many years. Lenses? no major update in DA* line since beginning. DFA line:
        DFA 28-105 is great but not wide enought. 24-70 and 15-30 are not pentax they are tamron. 70-200 and 150-450 are waaay to heavy. I have to buy old lenses as pentax have non of 24-70 f/4 or 70-200 f/4 lenses. Who is in charge there?

        • Kunzite

          Piotr, I don’t know what is the “proper level”.
          Both the KAF4 and PLM are new to them; PLM having the disadvantage of only working with light focusing elements (that’s why the D FA* 50mm will use a ring-type SDM instead).
          Speaking of which: Canon is using the old name (USM) just fine 😉

          Maybe you missed it, but in Summer we’ll have a DA* 11-18mm f/2.8.

          I agree about them being inconstant, I think that’s hurting them a bit. And I want my D FA ultra wide-angle lens 😉
          But if the rumors are right and the 2017 gap is because it took time to develop the ring-type SDM… I can accept that. I also understand if others can’t wait after Pentax.

          Oh, and I have the D FA 150-450. It’s… manageable.

          • Proper level will be when they stop to loose market shares and start growing. I know 150-450 is manageable But if you compare to other competitors whooa it is heavy :).
            Canon din’t have so much problem with USM implementation than Pentax with SDM. SDM = problems for so many pentaxians.
            K1 is good camera have pros and cons. But at the end lens is most important.

          • Kunzite

            Heavier than a 100-400mm. Lighter than a 200-500mm, though not with much. It’s on the heavy side, but perhaps not as much (comparatively) as the 70-200.

            Are you sure Canon didn’t had problems with their USM lenses, in the beginning? I’ve heard stories about USM motors freezing stuck in their first Winter Olympics. The difference is, when it happened with Pentax the Internet was much more popular – and so was the SDM story 😉
            My only SDM lens – a DA* 60-250 – worked without any issue until I’ve sold it. OTOH some friends of mine got burned with the early DA* 16-50.

            Once again, I agree regarding lenses being most important – I don’t care for some definition of a “full line”, but the lenses I’d want to use – and I’d pay for.
            I just hope Ricoh Imaging will pick up some speed in 2018. I guess we might see 3-4 lenses?

          • Yeap, also waiting for some new lenses 🙂 especially full pentax design. 28-105 besides it is too narrow for me it is great lens.

            Hope they will make some new limited line where size matters :).
            Best!
            Piotr

          • Kunzite

            I have the 28-105 and yes, it’s very nice. 24-105mm would’ve been better, but hey, to get this quality at this price, that’s OK with me 🙂

            Some time ago there was a quite extensive lens survey, I’ve asked for compact high quality lenses. I have some hopes the ultra wide-angle will be reasonably compact.
            But, it’s about on the 4th place on the FF roadmap, before the named lenses – D FA* 50mm f/1.4 and 85mm f/1.4 – and an unnamed lens – the large aperture wide angle D FA*. After CP+ I’ll decide if I’ll get something else to last until they’ll release it 🙁

  • Joel Schalit

    Wow, the vitriol of the exchanges here is over the top. I assume that PC User is the former DPPMetro, who used to post to the DPR Pentax forum. I was missing his fights with Alex Sarbu. This said, Pentax/Ricoh just look like they have slowed down their releases. I’m not thrilled about that – would love to see a new GR model – but it doesn’t look like they’re closing shop, quite yet, either.

    • Kunzite

      DPPMetro? I remember him claiming that the mechanical-SR-with-video firmware was scheduled for launch before we were first told about it, but did we really had a argument about it?

      It seems the delay was due to the development time for the new ring-type SDM (hello, Mistral!). I’m not sure how this Ricoh Resurgent business will/is affecting Ricoh Imaging, but it’s encouraging that 9 months after it was first announced, Ricoh Imaging is still intent on releasing lenses like the D FA* 50mm f/1.4 and DA* 11-18mm f/2.8.

      I would love a new GR (hopefully, WR), too. It would complement the K-1 nicely.

      • Joel Schalit

        You were both constantly saying things counter to one another. DPP was always more dismissive and combative than you. The argument was more one way, in that regard.

        I chose the KP over the K1 due to the size difference. It’s an underrated SLR, but I read that it’s selling well for Ricoh. I’ve replaced my GR with a Fuji X100F, but will gladly buy an updated GR if they bring one out.

        • Kunzite

          I’m not sure if the KP is selling well, perhaps it depends on the region; but it is underrated, I agree.
          If I didn’t had the K-1 and chosen to stay APS-C instead, I would’ve bought one. I quite like it.

          • Joel Schalit

            At Photoplus, according to a Pentaxforums interview, Ricoh said it was selling well. Likely in North America.

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