Olympus Fiscal Year FY2017/3 Financial Report

  • Net sales in the Imaging Business for the nine months ended December 31, 2016 amounted to ¥48,802 million (down 21.3% year on year), while operating income amounted to ¥747 million (up 654.5% year on year).
  • Ongoing moves to shrink the Imaging Business to a scale more appropriate for the shrinking market and the impact of the Kumamoto earthquake of April 2016, which caused delays in the supply of some products, resulted in lower sales for the Imaging Business.
  • In the Imaging Business, operating income rose due to progress in pushing down expenses and due to the effects of introducing new products, including the flagship mirrorless camera “OLYMPUS OM-D E-M1 Mark II.”

via Olympus

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  • So, perhaps fewer (higher-priced) models on a longer refresh cycle going forward? The ability to ‘upgrade’ bodies & lenses via firmware nullifies this to some extent.

    As with other manufacturers, compact sales are declining steeply. Can’t be too much longer before they stop bothering.