Word: nikon
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...Ichi Kangyo. The name does not have the same familiar ring as Toyota, Honda, Sony or Nikon. But Tokyo-based Dai-Ichi Kangyo is a global business enterprise that has, in a sense, become more powerful than all those other Japanese companies combined. According to figures released last week by the American Banker newspaper, Dai-Ichi Kangyo, whose assets reached $207 billion in the first quarter, has just surpassed New York's Citicorp ($176 billion) as the largest banking company in the world...
...Total, a petroleum refiner and marketer, takes about 650 people a year to a Club Med as a plum for good performance. Says Philippe Morot, a Total executive: "It is remarkable what work gas-station managers will do to win." Other corporate clients have included Japan's Sony and Nikon, as well as Harley-Davidson and Pizza Hut from the U.S. Trigano plans to step up efforts to attract American companies with a "Club Med Corporate" campaign that will appear in business magazines starting in September...
Canon's new system, by no means cheap, is initially aimed at professionals. The price tag for the SVS is $35,800, and Canon expects that in the first year demand will be limited to about 1,000 units. But Sony and competitors like Nikon and Kodak are developing similar equipment, and industry experts say an all-electronic system costing under $10,000 is five to ten years away. Says Eugene Glazer, a technology analyst at Dean Witter Reynolds: "Canon has developed a technology that will one day make conventional cameras obsolete...
...shoot cameras, but the Maxxum was the first fully automated single-lens reflex product to enable people to take high-quality 35-mm pictures with high-technology ease. Now the year-old Maxxum is attracting rivals. Last week Nippon Kogaku (est. fiscal-1985 sales: $940 million), the maker of Nikon, became the first firm to announce a comparable alternative to Minolta's pioneering model. Like the Maxxum, the Nikon N2020 will use two microchips and a tiny motor inside the camera to focus automatically. The camera, which will be priced at about $460 for the body alone when it arrives...
Minolta seemed unperturbed by the Nikon announcement. Said Minolta President Hideo Tashima: "Nikon's move is welcomed, although we expect the competition will intensify. The pie will grow bigger if everyone takes part." The field in fact may soon grow crowded. Canon, Japan's largest camera maker, is expected to introduce a similar 35-mm model later this year. Experts say Olympus and Ricoh are readying their own versions...