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Mark Peters : 2007-06-25 13:03:00
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Hoya buys Pentax : Hoya Corporation and Pentax Corporation have entered into an agreement to effect their management integration (the “Management Integration”) by making Pentax into a wholly-owned subsidiary of Hoya through a tender offer by Hoya to purchase all shares of Pentax (the “Tender Offer”) to be followed by a share exchange or other appropriate business reorganization transaction. As announced in the press release titled “Hoya and Pentax Reach Basic Understanding for Management Integration” dated December 21, 2006, of Hoya and Pentax, based on the recognition that they are “the best possible business partners”, Hoya and Pentax entered into a Basic Agreement for Merger (the “Basic Agreement”) on that date.
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Mark Peters : 2007-02-11 14:16:00
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Pentax Camera business results : In the Imaging System Business, two series of the digital single-lens reflex camera, the one named “K100D” which was put on sale in July, 2006 and the other named “K10D” put on the market in November in the same year, were highly evaluated in both domestic and overseas markets, increased its sales. As a result, the overall net sales in the Imaging System Business amounted to 60,879 million yen (up 15.9% from the year-earlier period). The operating income drastically improved from the year-earlier level and amounted to 1,974 million yen (compare with an operating loss of 938 million yen) as a result of efforts put into reduction in costs such as selling, general and administrative expenses, etc.
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