Tag Archives: Olympus bad financial results

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:

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Olympus Imaging’s cumulative operating losses significantly bigger than originally reported

We already knew that Olympus Imaging’s cumulative operating losses during the last twelve years totaled ¥103bn. That’s $1.2bn. Last week Olympus published their consolidated financial results for the second quarter of FY2021 (July – September 2020). Included in this reporting is the forecast of the FY2021 loss from the soon to be divested Imaging Business, now considered […]

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Olympus Q1 financial report: Imaging Division revenue is down 40% (Nikon Q1 results coming tomorrow)

After Sony reported more than 50% drop in camera sales, today Olympus released their Q1 financial report: Revenue is down 40% YoY Operating loss: ¥2.7 billion The full report can be found here. The latest Canon Q2 financial results for the Imaging Division were also down – sales: -30.8%, profit: -93.8%. Nikon’s Q1 financial results will […]

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Will there be more Olympus cameras after 2020?

A reader sent me a link to an article from the Spanish newspaper la Vanguardia discussing the future of Olympus. Here is a quote:

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Olympus exit/sell camera business: the day after

While Olympus is pretending that what happened is not a big deal at all with statements like this: “We believe this is the right step to preserve the legacy of the brand, the value of the technologies and the outstanding products. Olympus sees this transfer as an opportunity to enable its Imaging business to continue […]

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I told you so: Olympus to exit/sell camera business

I took a lot of heat from fanboys when I reported last year that Olympus will exit the camera business (feel free to read some of the comments to this post). After years of bad financial results and bad publicity, today Olympus announced that they will sell their camera business by the end of the year. […]

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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:

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Olympus exits camera business in Korea

Several news outlets report that Olympus is exiting the camera business in Korea:

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