Oshima expanded to a handful of shops, but was stretched for time and money.
"Although the situation is beyond our control, we sincerely apologise to fans, " said spokesman Hiroshi Oshima.
Oshima also directed singer David Bowie in the WWII prison-camp drama Merry Christmas Mr Lawrence.
BBC: In the Realm of the Senses director Nagisa Oshima dies at 80
"My father told me if I succeeded, he'd walk around the world on his hands, " Oshima recounts.
Born in Kyoto, Japan, Oshima made his debut feature, A Town of Love and Hope, in 1959.
BBC: In the Realm of the Senses director Nagisa Oshima dies at 80
Mr Oshima predicts that Mr Fukuda will now survive until an election must be called in September 2009.
"From our first meeting with Oshima, we thought he'd buy the company, " says Vivitar Chief Operating Officer Mark Legg.
Oshima first began selling Vivitar's cameras in Japan in July as Plaza Create's store brand-disposables decorated with Warner Bros.
Oshima also shops for American companies whose technologies can aid his digital push.
Oshima then personally acquired Cycolor, a Dayton, Ohio maker of digital photoprint paper.
In a separate incident, another unidentified submarine was detected traveling west of Amami-Oshima Island in Kagoshima prefecture on May 2.
WSJ: Japan on Alert Over Submarines Near Its Territorial Waters
Oshima's father, Minehiro, was spared that, and now leaves the temple monthly to attend board meetings as a Plaza Create director.
"This is a problem which has to do with the absence of international staff inside Afghanistan, lack of communication, " Oshima said.
Franchising was still rare in Japan, but Oshima was a quick study.
Oshima's companion film, the more restrained Empire of Passion, won him the best director prize at the Cannes Film Festival in 1978.
BBC: In the Realm of the Senses director Nagisa Oshima dies at 80
The strong winds associated with Typhoon Melor have already left over ten thousand homes without electricity in Okinawa, Amami-Oshima and other southern islands.
After receiving his first camera as a middle-school present, Oshima won a gold medal in a photo contest and began picking up commercial work.
Soon after the summit, Mr Oshima expects, Mr Fukuda will shuffle his cabinet, whose members were largely inherited from Shinzo Abe, his hapless predecessor.
The soft-spoken eldest son of a Buddhist monk, Oshima grew up on the grounds of the Nagoya temple his family has run for 27 generations.
Even in a picture-crazy culture, Oshima's aggressive expansion isn't without risks.
But in the summer and especially during the Buddhist Obon festival in August, Towa's island of Suoh-Oshima is overrun with visitors, many of them returning locals.
Oshima was sure consumers would take to the sort of U.S.-style mini-labs he'd been gathering information about, where film is developed quickly on-site for a small premium.
Oshima aims to more than double the chain-to 2, 000 shops-over the next three years via new franchises and company-owned outlets, including those inside supermarket and discount chains.
Turns out the taxmen just wanted a cut of the thriving business Oshima had built taking photos and putting together photo albums for local businesses and schools.
"Due to the Icelandic volcanic eruption causing flight cancellations by aviation operators, we have decided to postpone the MotoGP scheduled for this weekend, " said company president Oshima.
Borrowing a strategy familiar to razormakers and electronics firms alike, Oshima figures he'll lure customers with good, cheap equipment, and earn his keep from add-on goods and services.
"I spent a lot of time studying American fast-food merchandising and had heard how Chinese and Russians lined up for hours just to get their first McDonald's hamburgers, " says Oshima.
Oshima said it was not necessary for anti-Taliban forces to take control of the key northern town of Mazar-e Sharif before relief agencies could start moving south out of Uzbekistan.
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