Japan’s Konica Minolta announced today that it is exiting the camera and film businesses, putting an end to one of the world’s most-recognized names in photography. Company President Fumio Iwai also announced he would be stepping down April 1, 2006, to be replaced by Vice President Yoshikatsu Ota.
Konica Minolta had said in November 2005 that it was considering scaling back its traditional photography business, but not shutting it down entirely.
