a bit of everything…


Motion Blur, Shutter Speed, & 180° Shutter Angle // TESTING the RULES!

MEIKE 16mm T2.2 | The BEST BUDGET Micro Four Thirds CINE LENS (Stephen and Janaka).
Chic and Sleek! Olympus E-PL8 and Three Micro Four Thirds Lenses – Reviewed! (Zenography).
Gifts for Bird Photographers (Explora).
Native Lenses vs. Adapted Lenses (Focal Reducer / Speedbooster) – Comparison on Micro Four Thirds (Valentin Kossenko).

Plenty of news on the facebook OMD group, Panasonic FF and the GH5 group.

Olympus publishes the new financial report: Imaging Business lost more money than expected

Olympus published the latest financial report: There are two news:

  • In the Imaging Business Olympus lost $500 million more than previously forecast
  • The Imaging Business is now marked as “discontinued operation”

Our reader Mistral made a more deep analysis for us:

This business is soon to be divested and therefore accounted for as ‘discontinued operation’ (= not consolidated anymore) but they are still reporting the corresponding figures.
They recorded an operating loss of ¥46bn in Q2 (July – September) and ¥48.6bn in H1 (April – September) and forecast a total operating loss of ¥53bn ($500m) until divesting the business to JIP (thus meaning an additional ¥4.4bn in Q3).
See https://www.olympus-global.com/ir/data/brief/pdf/Olympus_Q1FY2021_Presentation_E.pdf page 6 and page 25-26 for Q2 and H1 (‘profit from discontinued operation’) and page 14-15 for the FY2021 forecast.
See also https://www.olympus-global.com/ir/data/brief/pdf/Olympus_Q2FY2021_Supplemental_E.pdf Page 7 gives the same information plus additional details on investments, R&D, revenue by geographical zone and unit sales. Bottom of page 2 gives information on headcount.

All these pieces of information point at a severe downsize before the divestment.

  •  Headcount went down 30% in 6 months between 31 March 2020 (4,270 employees) and 30 September 2020 (3,031 employees). In Japan, less than 400 employees remain in the Imaging business.
  • Between the first half of FY2020 and the first half of FY2021, capital expenditures (= investments) fell by half and R&D expenditures by 30%.
Q3 (October – December) business forecast is gloomy too:
  • Revenue: ¥6.3bn, down more than 50% in comparison to the same quarter last year after -43% in Q1 and -26% in Q2 and in spite of the global economy recovering from Covid-19, in particular in Asia.
  • Operating loss: ¥4.5bn = 72% of revenue, even though all one-off costs should have been recorded in the Q2 accounts.
I have trouble seeing how JIP could turn that thing around (make it profitable again) without deeply modifying the business model…

NIK collection 3.3 releases with 25 new fascinating filters.

Today DxO announced the new Nikon Collection 3 anniversary edition! It includes 25 new presets you can check and test virtually here.

Press text:

We are celebrating Nik’s 25 years this month, 18-25 November. Nik is becoming 25 years old since the day it was conceived in an office in Hamburg by Nils Kokemohr in 1995. It was back then that we saw the first digital camera going to market, the Casio QV10.

Since then many great things happened in the photo industry, establishing Nik Collection by DxO as an all-time classic for photographers, and making it more relevant than ever. This is why we are releasing an update for Nik (version 3.3) with 25 new fascinating filters. The 25 new filters in the Nik Collection 3 by DxO are split into five series, each containing five filters:

· Three for Color Efex Pro:
o Classic Portrait
o Light & Bright
o Wildlife

· Two for Silver Efex Pro:
o Classic Portrait
o Street

One more news: Last 24hours of the PhotoLab 4 deal (Click here to read all info and get the 30% discount). You can also download the free trial (Click here) if you want to test it before to buy it.