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ANSWER: The Leotax isn’t the most prevalent camera on the collectible market, mostly because not a whole lot of them were made. It’s main claim to fame is that it was the Japanese equivalent of the then popular Leica M3, a rangefinder camera with excellent optics and precision.
In January 1938, Nakagawa Kenzo founded a company called Kyoei-sha, based in Nippori, Tokyo. Nakagawa, a former engineer of Konishiroku, obtained financial support from Minagawa Shoten.
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Kenzo had a special fondness for Leica cameras, so he set out to develop a Japanese counterpart. But he ran into problems because of the numerous patents Leica had registered for its products. The camera design that Kenzo finally settled on was a rangefinder—a camera in which the photographer views his or her subject through a separate viewfinder. While Leicas had two viewfinders, the Leotax had only one round one, positioned in the upper left hand corner on the back of the camera. Kenzo’s major challenge was finding a way to circumvent Leica’s coupled rangefinder mechanism—that is connecting the viewfinder to the lens.
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Following World War II, Kenzo changed the company name again to Showa Kogaku Seiki K.K. In 1942 with the introduction of the Leotax Special A and Special B, the company adopted a coupled short base rangefinder with a scissor strut arrangement for the sensor arm, presumably to circumvent the Leica patents. This sensor arm arrangement necessitated moving the viewfinder of the original Leotax from just above the lens to a position at the extreme left of the top cover as viewed from the rear. These cameras emulated the Leica III with exposure times to 1 second.
Early Leotax Leica type cameras had nicely finished exteriors but crudely finished interiors. By the time the Leotax DIV appeared on the market, the firm had produced a good camera with an equally fine interior and exterior.
Renamed Leotax Camera K.K. in 1956 or 1957, the company continued to produce cameras until 1961. It made only 50 of the pre-World-War-II Leotax models. This particular one seems to be the Leotax DIV (D4), the sixth in a line of 18 models made by the firm from 1938 to 1961.
By 1947, Kenzo had substantially changed the Leotax as a result of the invalidation of all the Leica patents by the Allies. So beginning with the Leotax DIII (D3), all Leotax cameras featured a coupled rangefinder mechanism. In 1950, the firm changed its name again to Showa Optical Works Ltd. and in 1956, underwent its final name change to Leotax Camera Company, Ltd.
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The final straw came with the introduction of the single lens reflex camera (SLR), with its instant-return mirror, motorized film advance, and modular construction. From then on, the makers of interchangeable lens rangefinder cameras were relegated to oblivion.
The Leotax Camera Company became the second oldest Japanese camera manufacturer, the oldest being Canon. Of the many small Japanese companies that tried to copy the Leica cameras, the Leotax was the most well-known. A relatively small firm, it produced no more than 50,000 cameras during its lifetime.
Today, most Leotax camera fetch decent prices. A model of the Leotax DIV in average condition recently sold for $336. In mint condition, this camera can fetch nearly $1,000.
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