OLYMPUS released before the June performance of decline in net profit of up to 68%

Japanese electronics company OLYMPUS released half year report, by the digital camera sales fell sharply affect the net profit substantially reduced. 4-9 month net profit of 2 billion 170 million yen (about $18 million 410 thousand), down 68% from a year ago. OLYMPUS did not list the results of the second quarter alone, according to previous reports, the first quarter net profit of $403 million.

The first six months of the company's operating profit fell 9% to 16 billion 640 million yen, thanks to cut costs to offset the effect of digital camera sales decline, at the same time by the medical equipment sales promotion income rose 54% to 476 billion 270 million yen. To cut costs, Olympus Corporation announced in May that it would cut 4000 of the total number of workers by about 13%. With the company's integration of the product line and the withdrawal from the non-profit compact digital camera market, its global digital camera sales also fell by 14% to 3 million 700 thousand.

Company chairman Hideo Yamada said, although OLYMPUS also believes that the global digital camera market with growth potential, especially in Europe, the United States and China, but the six month growth rate of demand and the company is expected to achieve the level; now they no longer expect global demand growth is expected to catch up with a few years ago the number of. For the fiscal year ending in March of next year, Olympus Corporation will set the sales target of digital cameras in 8 million 100 thousand, lower than the original 9 million 500 thousand and the previous fiscal year, the Ministry of the 8 million 900 thousand.

Operating losses mainly in the digital camera business imaging equipment sector, the sector in the past six months, a loss of 6 billion 700 million yen, significantly higher than a year ago of 2 billion 900 million yen. However, Olympus Corporation pointed out that this result is still better than the original expected 13 billion yen loss, the cost reduction means that the sector can be profitable in the second half of fiscal year. For the entire fiscal year the company expects net profit of 27 billion yen, higher than originally expected by the yen, but sales revenue target from 1 trillion and 70 billion yen to 970 billion yen.