It was in 1977 just before Nikon was giving up its 8 mm movie camera (cine camera) business that "VF Team" was organized in the headquarters of Nippon Kogaku K.K. in Marunouchi, Tokyo. "VF" means "Video Feasibility". In short, it's a team to investigate the business feasibility of home-use video camera that had been rapidly developing at that time.
For the home-use 1/2 in. video tape recorder, two standards, "VHS" and "Beta-max" had been established, and both were rapidly spreading for simultaneous recording of a TV program of another channel. If a camera is combined with it, the similar function of a movie camera may be obtained. At that time, it couldn't be substituted with a movie camera due to its size and price, but a trend of the home-use video is a matter of vital importance for the movie camera business of Nippon Kogaku.
This team studied various aspect of video, including the future of video technology, if Nippon Kogaku should take part in the video market for a home-use movie camera, if yes, what are processes to take, and so on over the period of one year.