Tag Archives: Olympus to exit camera market rumor

Olympus has completed the transfer to Japan Industrial Partners (JIP)

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 […]

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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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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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New Olympus interviews raise more questions than answers

Olympus is attempting damage control by giving several interviews to different online outlets, but after reading through all of them, I am still left with more questions than answers. Here are a few quotes:

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Reminder: Japan Industrial Partners will not use the Olympus brand once they take over

In case you have missed my blog posts from two weeks ago where I reported that Japan Industrial Partners will not use the Olympus brand after they take over the Olympus camera business at the end of the year. This means that if JIP decides to produce any new cameras and lenses, they will not be […]

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Olympus wants to attract new customers… with a new trade-in program in the US

Just two weeks after Olympus announced that they will exit/sell their camera business, the company introduced a new trade-in program in the US… so, if you ever wanted to switch to MFT, maybe you will find this useful… but I seriously doubt that. A better deal is probably the Panasonic GH-5 that is now up to […]

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