Olympus Q2 financial results are out

Olympus Q2 financial results are out. Here are the details for the Imaging Business:

  • Revenue in the Imaging Business: down 17.0%
  • Operating loss: ¥5,697 million

Consolidated revenue in the Imaging Business amounted to ¥21,302 million (down 17.0% year on year), while operating loss amounted to ¥5,697 million (compared with an operating loss of ¥9,226 million in the same period of the previous fiscal year).

In addition to waiting to introduce new products, the effect of intensifying competition in the mirrorless market and other factors led to a decline in revenue in the Imaging Business.

Operating loss for the Imaging Business declined due to the recording of one-time costs associated with the restructuring of manufacturing locations in the same period of the previous fiscal year. (source)

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