Tag Archives: Olympus to close camera division

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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Olympus president: “we need a video business” *UPDATED*

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 […]

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Olympus lens price increase coming in February 2020

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 […]

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Bloomberg: Olympus may cut jobs, CEO backtracked previous comments that camera business was not for sale, saying that’s no longer the case

Ok, no rumors this time – this is coming directly from Olympus Chief Executive Officer Yasuo Takeuchi: Olympus Corp. is considering job cuts as the medical device and camera maker pushes forward with plans to almost double operating margin in the medium term, Chief Executive Officer Yasuo Takeuchi said. “The issue of personnel will naturally need to […]

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Olympus: we will continue to work on improving the profitability and efficiency of the Imaging Business

This is the “official answer” to the Olympus shutting down their camera business rumor, given by an Olympus representative and reported by Sina Finance: “The Imaging business has always been the driving force of technology, including imaging technology and mass production technology, and has made tremendous contributions to the Medical and Scientific Solutions businesses. As […]

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