ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Ricoh may close shutter on personal camera business

Pentax parent shifts away from its roots as smartphones dominate

 (placeholder image)
  © Reuters

TOKYO -- Ricoh is shrinking its money-losing camera business to concentrate resources on commercial applications as smartphones continue to crowd out long-established names in photography.

The Japanese company will undertake a radical review of a production and manufacturing strategy centered on cameras for the retail market, including such brands as Pentax and the GR series of compact models. Options include withdrawing from the personal camera segment altogether.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more