06-22-2017, 08:33 AM
Things are not looking any better for Pentax with multi billion yen losses announced by Ricoh, the CEO Yoshinori Yamashita has set a series of targets to reduce costs by 100 billion yen ($912 million) through to March 2020.
The drop in business is due to a global drop in demand for multifunction printers and not so much Ricoh's Pentax camera division.
According to a report by Nikkei Ricoh is facing it's biggest crisis ever and will have to cut costs to survive!
Just as the camera market is in decline things are made considerably more bleak from parent companies facing financial woes in other market areas.
Is the world coming to an end?
The drop in business is due to a global drop in demand for multifunction printers and not so much Ricoh's Pentax camera division.
According to a report by Nikkei Ricoh is facing it's biggest crisis ever and will have to cut costs to survive!
Just as the camera market is in decline things are made considerably more bleak from parent companies facing financial woes in other market areas.
Is the world coming to an end?