Pentax must be doing something right; its net profit more than quadrupled in the Japanese fiscal year to March 2007. It posted Â¥3.57 billion or $29.6 million, up from Â¥805 million the year before. This is more than four times growth.
Pentax says their net profit was buoyed by sales of its high-end K10D and K100D digital cameras. For next year, the company forecasts a 6 percent rise in net profit as it expects continued brisk sales of their digital SLRs.
On the whole, the companyâ€™s operating profit jumped 89 percent to Â¥5.65 billion even as revenue expanded 10.6 percent to a record Â¥157.3 billion.
Pentax said they sold more than 300,000 units of DSLRs last year as new models such as the K100D gained acceptance worldwide. As a result, the companyâ€™s imaging division posted an operating profit of Â¥3.1 billion, after losing Â¥1.2 billion the year before.