Olympus financial report shows that’s it’s finally “Back to Black”

Olympus just published the Financial Results for the 3rd Quarter of Fiscal Year 2017. And for the first time in many years Olympus Imaging Business had a small profit! Despite  a -13% net sales operating income increased by 1.1% with a net profit of 0,7 Bilion Yen. This has been possible because of two reasons:

1) Profitability achieved on 9-month basis following earnings improvement resulting from introducing new mirrorless cameras and maintaining prices of readily affordable mirrorless cameras
2) Inventory expenses effectively managed

Also the Operating income forecast raised based on 3Q business recovery.