Olympus posted operating loss of 44.7 billion yen because of expenses related to the divestiture of the Imaging Business
Olympus released their latest financial results and posted operating loss of 44.7 billion yen mainly due to expenses related to the divestiture of the Imaging business:
Or as Camnostic reported:
"The camera division lost an average of about $350,000 per day, not counting a very large special accounting charge of about $500 million regarding the transfer to JIP. That loss rate was two and a half times the bleeding experienced in the same quarter last year. "
Olympus had a long history of bad financial results before they decided to exit/sell their camera business:
Olympus financial losses over the years (thanks Eamon!)
And don't forget the Olympus accounting scandal where the company was even linked to organized crime syndicates.
OM Digital Solutions is rumored/expected to announce a new high-end Olympus camera and a new 8-25mm f/4 lens.
