Olympus financial results for the fiscal year ended March 31, 2020 (revenue down 10%, mirrorless down 12% YoY)



Olympus published their financial results for the fiscal year ended March 31, 2020. Here is the information for the Imaging Division:

  • Revenue amounted to ¥43.6 billion and declined 8% excluding FX impact.
  • Operating loss was reduced to ¥10.4 billion, an improvement by ¥8.1 billion excluding FX impact due to the absence of expenses for the restructuring of manufacturing base recorded in the previous fiscal year, coupled with improved SG&A efficiency.
  • While we saw a solid start of new product “OM-D E-M1 MarkIII” introduced in 4Q, operating profitability was not improved as planned due partially to our being unable to perform usual sales promotion activities in 4Q because of COVID-19 amid a tough competitive environment.

Source: Olympus


Topaz Labs sale: DeNoise AI | Video Enhance AI
Get an additional 15% off with code RUMORS15
This entry was posted in Olympus and tagged , . Bookmark the permalink. Trackbacks are closed, but you can post a comment.
  • FCC disclosure statement: this post may contain affiliate links or promotions that do not cost readers anything but help keep this website alive. As an Amazon Associate, I earn from qualifying purchases. When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. Thanks for your support!

  • Back to top