Pentax 2011 Annual Report Download - page 39

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year profit for the first time since the merger.
Outlook for Fiscal 2012
Prices in the digital camera market are projected to continue falling in fiscal 2012, particularly
among SLR cameras from the onslaught of mirrorless models. With no groundbreaking
technologies on the horizon, the market as a whole moreover is expected to remain in deadlock.
Under these circumstances, Hoya has decided to transfer the PENTAX Imaging Systems
Business to Ricoh on October 1, 2011.
ANNUAL REPORT 2011