Olympus released the Q3 financial report


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Olympus published the Q3 financial report and once more we have the same narrative: The compnay as a whole is doing very well but the Imaging Business is still unprofiteable.

  • Revenue decreased by 9% year on year to ¥34.7 billion while this segment also posted an operating loss of ¥7.4 billion.
  • The decline in revenue was due primarily to difficult business environment alongside a lack of new product introductions in the first half of the fiscal year, caused by the restructuring of manufacturing base.
  • Although loss was reduced due mainly to the absence of expenses for the restructuring of manufacturing base recorded in the same period of the previous fiscal year and to increased efficiency in SG&A expenses, this was insufficient to improve profitability as much as expected.
  • Nonetheless, looking solely at the third quarter, revenue was up 6% due to the introduction of new mirrorless products, and profitability improved together with gross profit.
  • While the tough business environment continues, including a shrinking of the camera market, we will strive to improve profitability by expanding sales of new products and appropriately controlling SG&A expenses.

Olympus also revised down the forecast in the Imaging Business:

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Olympus promised to release a Imaging Division restructuring program sometimes in Spring. Let’s hope they can figure out a way to increase sales…

a bit of everything…

A Look at the Olympus E-M5 Mark III Micro Four Thirds Camera

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Seb:

Here is one (on three) of the first music video of french singer Esteban Luc I’ve done. This first one is about childhood. The upcoming second and third one will be about teenager and young adult. Each month one of this music video will be published.
These three videos were shot in anamorphic with Aivascope lens.
GH4 + Pentax speedbooster + Pentax-m 40mm f2.8 + Aivascope Pro 1.5x anamorphic lens + ND filter.
Thanks for watching !

Plenty of news on the facebook E-M1II group, Panasonic FF and the GH5 group.

a bit of everything…

LIVE: Collaboration w/Peter Forsgard, Robin Wong, & Matti Sulanto, Jimmy Cheng & Emily Lowrey ep.23

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Plenty of news on the facebook E-M1II group, Panasonic FF and the GH5 group.

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Budget Anamorphic Lens –Sirui 50mm F1.8

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Plenty of news on the facebook E-M1II group, Panasonic FF and the GH5 group.