Ricoh lost 10 billion yen and will revise downward their financial forecast. The company is planning to expand their Theta product line. Ricoh also announced a restructuring plan, something that has already been done by other companies like Panasonic and Nikon.
In addition, Ricoh issued an official statement regarding previous report that the company could exit the photography/camera business:
With regard to the article about RICOH today
Apr. 12, 2017
Ricoh Co.,Ltd.Today there was an article saying that RICOH considers to shrink the camera business and withdraw from consumer products. This article is not based on RICOH’s official announcement.
RICOH is focusing its resource on the high added value products such as PENTAX and GR that are appreciated by the existing users and photo hobbyists. RICOH is also a market leader of input deviceｓ in the VR or AR market with its “RICOH THETA” where we can see rapid growth, and will keep on expanding the business even more in this field. In addition, RICOH will develop and expand the imaging business in the solution business field for corporate, by creating new market utilizing its own camera technology.
Via PentaxRumors
