→ Olympus CEO Yasuo Takeuchi on why Olympus sold off its decades-old camera and microscope business to focus on medical tech: “We had to move before it became too late” (Fortune magazine). → Another quote from a recent interview with OM Digital Solutions management team: “So our middle- and higher-end products, their situation is better […]
Olympus has completed the camera division transfer to Japan Industrial Partners (JIP). The new website will be located at om-digitalsolutions.com and will be live tomorrow (notice they no longer use the Olympus name): “Olympus Corporation (“Olympus”) concluded the transfer of its Imaging business to Japan Industrial Partners Inc. (“JIP”) on January 1, 2021. The final transfer […]
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 […]
Spanish newspaper La Vanguardia: “Japan Industrial Partners will not use the Olympus brand.” Olympus interview with 42 West: “The Olympus name will remain at the time of transfer. The name will likely not be used forever, but this decision will be made in the final agreement between Olympus and JIP.” Olympus on Twitter: “You can […]
A quick update to my post from yesterday – Olympus confirmed that future cameras from the new OM Digital Solutions Corporation will keep the Olympus name: Thanks Steve! Some additional information on the JIP/Olympus transfer:
Today Olympus officially agreed on the transfer of their Imaging Business to Japan Industrial Partners (JIP). The name of the new company will be “OM Digital Solutions Corporation” – this is pretty much the only new information provided. Similar to previous interviews and press releases, many questions remain unanswered and it’s still not even clear if […]
Toyo Keizai Online published an Interesting interview with Shinichi Inagaki, the managing director at Japan Industrial Partners (JIP) in charge of the acquisition of Olympus’s imaging business: https://toyokeizai.net/articles/-/374348 https://toyokeizai.net/articles/-/374348?page=2 https://toyokeizai.net/articles/-/374348?page=3 Here below a quick and dirty translation (thanks Mistral75):
Several news outlets report that Olympus is exiting the camera business in Korea:
Imaging Resources interviewed the Senior Manager of Global Marketing Strategy for Olympus Imaging Division Masanori Sako – here is the recap from 43addict:
Olympus released their Q3 financial results. Imaging Division revenue is down by another 9% and the 2020 forecast has been furhter revised downward (see previous Olympus financial results):
The Japanese website Newswitch (part of Nikkan Kogyo Shimbun, one of the leading daily newspapers in Japan) published an article called “Large deficit camera business, criteria to determine whether Olympus will withdraw or survive” (Google translation) where the Olympus president Yasuo Takeuchi was quoted saying that Olympus needs a video business: “To maximize Olympus’ corporate value, we need a […]
Olympus is going to increase the price of selected lenses on February 1, 2020: The price increase is for Japan, but I believe it will spread to all markets. Olympus mentioned “raw material costs” as a reason for the price increase, but I think the real reason is the poor financial results in the past […]
