TOKYO (Nikkei)--Pentax Corp.'s medium-term business plan released Friday includes measures aimed at improving enterprise value, but the responses of top shareholder Sparx Group Co. and suitor Hoya Corp. will shape the outcome of the ongoing merger saga.
... "We'll assess whether (the plan) can truly be realized," said Shoichi Miyasaka, president and chief executive officer of Sparx Capital Partners Co., which serves as a liaison to firms in which the group has invested. ... "The contents (of the business plan) are not wrong because they include measures that business chiefs should pursue, but I don't see anything fresh," he said. Also, Miyasaka cited a lack of transparency in Pentax's business growth strategies. ... and from another article... Stock market participants appear unimpressed with Pentax Corp.'s medium-term business plan unveiled Friday, saying that it offers nothing new. ... Many market players point out that Pentax previously sought to reorganize unprofitable operations and focus on the three core business areas. ... But digital cameras and endoscopes are fields where competition remains intense. ... "I'm a little skeptical about whether Pentax will be able to double its operating profit by pursuing the same vein of previous strategies," says Kunihiko Kanno at Credit Suisse Securities (Japan) Ltd. -- PDML Pentax-Discuss Mail List PDML@pdml.net http://pdml.net/mailman/listinfo/pdml_pdml.net