Konica Minolta Withdraws from Camera and Photo Business
Sells digital SLR assets to Sony.
"In today's era of digital cameras, where image-sensor technologies such as CCD is indispensable, it became difficult to provide competitive products"?even with our top optical, mechanical, and electronics technologies," Konica Minolta reports. "?Profits for the camera and photo businesses have worsened in recent years, and it became necessary to drastically reform the business structure for the further growth of Konica Minolta." "
In addition, the company will cease making photographic paper and film, effective March 2007, and will cease production of its Konica Minolta-brand minilabs by the end of March 2006. It has consigned the service and maintenance operations of its minilabs to Noritsu.
Sony is planning to develop digital SLR cameras that will be compatible with Konica Minolta's Maxxum/Dynax lens-mount system, Konica Minolta reports. In July 2005, the two companies announced that they had reached an agreement to begin joint development of digital SLR cameras, and that these cameras would be based on and compatible with the Maxxum/Dynax system.