Tag Archives: Olympus to close camera division

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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The Olympus brand does not appear to be part of the JIP deal

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 […]

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Future cameras from the new OM Digital Solutions Corporation will keep the Olympus name

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:

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There is no coming back: Olympus agrees on the transfer of Imaging Business to JIP

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 […]

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Japan Industrial Partners acquisition of Olympus’s imaging business

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):

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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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IR interview: Olympus has no plans to sell their photo business

Imaging Resources interviewed the Senior Manager of Global Marketing Strategy for Olympus Imaging Division Masanori Sako – here is the recap from 43addict:

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Olympus Q3 financial results are out: Imaging Division revenue down by another 9%, 2020 forecast has been revised downward

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):

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