Olympus Corp. aims to slash interest-bearing debt by around 100 billion yen (US$1.075 billion) as of March 31st next year, more than the 70 billion yen (US$752.7 million) in average annual cuts envisioned in a midterm business plan unveiled last June.
The debt tally is slated to decline from an estimated 560 billion yen (US$6.02 billion) as of this March 31 to 460 billion yen (US$4.946 billion) or so a year later.
The company plans to achieve this by increasing profit from the mainstay medical equipment segment, including sales growth in endoscopes — a field where it boasts a 70% global market share. It will also cut costs and ramp up inventor y drawdowns.
