Olympus Yearly Financial Results Are Out: Revenue Down 19%

All companies released their yearly financial reports. Some are doing well (Sony and Fuji), some are doing not so great (Canon and Nikon) but one company really did pretty bad in 2018: Olympus.

Their Imaging segment reported a -19% drop in revenue and 17,1 billion yen loss.
Olympus claims that the move of their factory from China to Vietnam has to take the blame for this.

Here are the details for the Imaging Business:

revenue: -19%
mirrorless: -23%
compacts: -18%
other (?): +14%
operating loss: ¥17.1 billion (around $157 million)

They also said that they will launch a lot of new gear in 2019 which they expect will allow them to meet their break even target for this fiscal year.
It’s rumored that Olympus will launch a new compact fixed lens camera within the next few weeks. But two more MFT cameras and some new PRO lenses are expected to be launched this autumn.

The forecast for fiscal 2020 doesn’t look much better – the Imagin Business is expected to lose money again.

More info on Olympus’ website.

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