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Olympus estimates a loss of 8 billion Yen

November 28, 2012 by spwordpress

Olympus Corp., in the first half-fiscal 2012-13 consolidated financial report published in September declared that their sales dropped 2.1% to 405.7 billion Yen, gained 2.9% in operational profit to 18.0 billion Yen, and net profit 8.01 billion Yen turned around from the previous year’s loss of 32.3 billion Yen.

The Imaging Products business posted a 21.3% drop in sales to 55.9 billion Yen, with an operational loss of 4.4 billion Yen.

The company said that the unit sale of its mirrorless lens changeable system cameras were favourable but compact cameras declined in line with the shrinking trend on the global market. Based on the results, the company anticipates that the digital camera sales will drop by some 10% to 7.3 million units from previous projection of 9.2 million units of which compact D-cams will reduce by 800K units.

Filed Under: News

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