Olympus released their full 2016 financial year report. And in the imaging division we got quite some good news:
Full-year operating income achieved for 1st time in 7 years due to benefits of new products and exhaustive cost controlling
Olympus had a profit of 0,5 billion YEN. And the forecast for the year 2017 is an increase of the profit to 1 billion YEN despite declining sales:
Profitability to be sustained, despite decrease in sales, through further business streamlining and exhaustive cost controlling
The key word used by Olympus is “exhaustive cost controlling”.